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International Housewares Retail Co (HKSE:01373) ROC (Joel Greenblatt) % : 15.43% (As of Oct. 2023)


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What is International Housewares Retail Co 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. International Housewares Retail Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 15.43%.

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

HKSE:01373' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.61   Med: 39.9   Max: 97.13
Current: 19.61

During the past 11 years, International Housewares Retail Co's highest ROC (Joel Greenblatt) % was 97.13%. The lowest was 19.61%. And the median was 39.90%.

HKSE:01373's ROC (Joel Greenblatt) % is ranked better than
66.43% of 1108 companies
in the Retail - Cyclical industry
Industry Median: 9.975 vs HKSE:01373: 19.61

International Housewares Retail Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -14.30% per year.


International Housewares Retail Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for International Housewares Retail Co'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.

International Housewares Retail Co ROC (Joel Greenblatt) % Chart

International Housewares Retail Co Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.92 37.63 36.41 31.84 26.82

International Housewares Retail Co Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 28.08 38.05 35.89 24.31 15.43

Competitive Comparison of International Housewares Retail Co's ROC (Joel Greenblatt) %

For the Specialty Retail subindustry, International Housewares Retail Co'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.


International Housewares Retail Co's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, International Housewares Retail Co's ROC (Joel Greenblatt) % distribution charts can be found below:

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



International Housewares Retail Co 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: Apr. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.839 + 360.188 + 12.594) - (247.222 + 0 + 24.385)
=125.014

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.283 + 385.04 + 28.856) - (227.814 + 0 + 18.857)
=173.508

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of International Housewares Retail Co for the quarter that ended in Oct. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Oct. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2023  Q: Oct. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=143.206/( ( (744.17 + max(125.014, 0)) + (813.24 + max(173.508, 0)) )/ 2 )
=143.206/( ( 869.184 + 986.748 )/ 2 )
=143.206/927.966
=15.43 %

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


International Housewares Retail Co  (HKSE:01373) 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.


International Housewares Retail Co ROC (Joel Greenblatt) % Related Terms

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International Housewares Retail Co (HKSE:01373) Business Description

Traded in Other Exchanges
N/A
Address
Southmark, 11 Yip Hing Street, 20th Floor, Tower B, Wong Chuk Hang, Hong Kong, HKG
International Housewares Retail Co Ltd and its subsidiaries are houseware retail chains in Hong Kong, Singapore, and Macau. The group offers houseware products through a retail network comprising stores in Hong Kong, Singapore, Macau, Cambodia, East Malaysia, Saudi Arabia and Australia under brands including Japan Home Centre, City Life, Epo gifts and stationery, 123 by ELLA, and Japan Home. The group has reportable operating segments namely Retail, Wholesales, Licensing and others. Hong Kong is the key market of the group, accounting for majorly of its total revenue. It generates the majority of its revenue from the Retail segment.

International Housewares Retail Co (HKSE:01373) Headlines

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