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Mango Excellent Media Co (SZSE:300413) ROC (Joel Greenblatt) % : 580.62% (As of Mar. 2024)


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What is Mango Excellent Media 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. Mango Excellent Media Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 580.62%.

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

SZSE:300413' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20.01   Med: 358.03   Max: 683.57
Current: 474

During the past 13 years, Mango Excellent Media Co's highest ROC (Joel Greenblatt) % was 683.57%. The lowest was 20.01%. And the median was 358.03%.

SZSE:300413's ROC (Joel Greenblatt) % is ranked better than
98.83% of 1108 companies
in the Retail - Cyclical industry
Industry Median: 9.975 vs SZSE:300413: 474.00

Mango Excellent Media Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 9.30% per year.


Mango Excellent Media Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Mango Excellent Media 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.

Mango Excellent Media Co ROC (Joel Greenblatt) % Chart

Mango Excellent Media Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 615.83 683.57 531.09 487.29 516.49

Mango Excellent Media Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 549.87 654.15 503.56 150.81 580.62

Competitive Comparison of Mango Excellent Media Co's ROC (Joel Greenblatt) %

For the Internet Retail subindustry, Mango Excellent Media 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.


Mango Excellent Media Co's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Mango Excellent Media Co's ROC (Joel Greenblatt) % falls into.



Mango Excellent Media 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3496.523 + 1717.436 + 1146.842) - (8449.372 + 0 + 1313.948)
=-3402.519

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3800.339 + 1654.044 + 1455.092) - (8297.625 + 0 + 1329.251)
=-2717.401

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Mango Excellent Media Co for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2215.152/( ( (371.007 + max(-3402.519, 0)) + (392.02 + max(-2717.401, 0)) )/ 2 )
=2215.152/( ( 371.007 + 392.02 )/ 2 )
=2215.152/381.5135
=580.62 %

Note: The EBIT data used here is four times the quarterly (Mar. 2024) 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.


Mango Excellent Media Co  (SZSE:300413) 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.


Mango Excellent Media Co ROC (Joel Greenblatt) % Related Terms

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Mango Excellent Media Co (SZSE:300413) Business Description

Traded in Other Exchanges
N/A
Address
Golden Eagle TV Culture City, North Block 4, Hunan Province, Changsha, CHN, 410003
Mango Excellent Media Co Ltd is a China-based company engages in the provision of E-commerce services through Television, Internet, Catalogs and other multimedia channels. The company offers beauty protection, food, kitchen, textile, digital appliances, and maternal and child care products, as well as clothing accessories and other products. Its operating segment includes New media platform operation; New media interactive entertainment content production and operation; Media retail business and Others. The company generates maximum revenue from New media platform operation segment.

Mango Excellent Media Co (SZSE:300413) Headlines

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