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Metech International (SGX:V3M) ROC (Joel Greenblatt) % : -117.79% (As of Dec. 2023)


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What is Metech International ROC (Joel Greenblatt) %?

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Metech International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -117.79%.

The historical rank and industry rank for Metech International's ROC (Joel Greenblatt) % or its related term are showing as below:

SGX:V3M' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -598.48   Med: -91.13   Max: 24.18
Current: -58.89

During the past 13 years, Metech International's highest ROC (Joel Greenblatt) % was 24.18%. The lowest was -598.48%. And the median was -91.13%.

SGX:V3M's ROC (Joel Greenblatt) % is ranked worse than
88.91% of 1064 companies
in the Business Services industry
Industry Median: 21.33 vs SGX:V3M: -58.89

Metech International's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Metech International ROC (Joel Greenblatt) % Historical Data

The historical data trend for Metech International's ROC (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Metech International ROC (Joel Greenblatt) % Chart

Metech International Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -100.33 -94.88 -218.21 -598.48 -82.11

Metech International Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Dec23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -278.67 -88.63 -54.06 -288.56 -117.79

Competitive Comparison of Metech International's ROC (Joel Greenblatt) %

For the Specialty Business Services subindustry, Metech International's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Metech International's ROC (Joel Greenblatt) % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Metech International's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Metech International's ROC (Joel Greenblatt) % falls into.



Metech International ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.066 + 0.264) - (0.075 + 0 + 0.512)
=-0.257

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.253 + 0.35) - (0.426 + 0 + 0.676)
=-0.499

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Metech International for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2.92/( ( (2.256 + max(-0.257, 0)) + (2.702 + max(-0.499, 0)) )/ 2 )
=-2.92/( ( 2.256 + 2.702 )/ 2 )
=-2.92/2.479
=-117.79 %

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Metech International  (SGX:V3M) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Metech International ROC (Joel Greenblatt) % Related Terms

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Metech International (SGX:V3M) Business Description

Traded in Other Exchanges
N/A
Address
100G Pasir Panjang Road, No. 04-07 Interlocal Centre, Singapore, SGP, 118523
Metech International Ltd is a Singapore-based investment holding company. It is principally engaged in the processing service center for the electronics industry and the trading of plastics and non-precious metal materials. The company has three reportable segments Lab-Grown Diamond, Supply-chain management and corporate. Lab-Grown Diamond segment consists of manufacturing and distribution of lab-grown diamonds. The Supply-chain management segment which acts as a key revenue driver for the firm provides general wholesale trading of metal products, provides management and advisory of recycling and supply chain services, and the Corporate segment consists of an investment holding company.

Metech International (SGX:V3M) Headlines

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