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JS Global Lifestyle Co (FRA:3JS) ROC (Joel Greenblatt) % : 71.49% (As of Jun. 2024)


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What is JS Global Lifestyle 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. JS Global Lifestyle Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 71.49%.

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

FRA:3JS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.41   Med: 73.47   Max: 203.48
Current: 9.41

During the past 8 years, JS Global Lifestyle Co's highest ROC (Joel Greenblatt) % was 203.48%. The lowest was 9.41%. And the median was 73.47%.

FRA:3JS's ROC (Joel Greenblatt) % is ranked worse than
55.58% of 430 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 11.025 vs FRA:3JS: 9.41

JS Global Lifestyle Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -19.00% per year.


JS Global Lifestyle Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for JS Global Lifestyle 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.

JS Global Lifestyle Co ROC (Joel Greenblatt) % Chart

JS Global Lifestyle Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 69.40 195.20 147.06 29.84 31.38

JS Global Lifestyle Co Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 25.30 21.45 10.43 6.14 71.49

Competitive Comparison of JS Global Lifestyle Co's ROC (Joel Greenblatt) %

For the Furnishings, Fixtures & Appliances subindustry, JS Global Lifestyle 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.


JS Global Lifestyle Co's ROC (Joel Greenblatt) % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, JS Global Lifestyle Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where JS Global Lifestyle Co's ROC (Joel Greenblatt) % falls into.



JS Global Lifestyle 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)
=(206.886 + 110.124 + 51.62) - (526.424 + 0 + 108.347)
=-266.141

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(328.285 + 117.753 + 36.922) - (528.235 + 0 + 87.155)
=-132.43

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of JS Global Lifestyle Co for the quarter that ended in Jun. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=68.796/( ( (96.908 + max(-266.141, 0)) + (95.563 + max(-132.43, 0)) )/ 2 )
=68.796/( ( 96.908 + 95.563 )/ 2 )
=68.796/96.2355
=71.49 %

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


JS Global Lifestyle Co  (FRA:3JS) 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.


JS Global Lifestyle Co ROC (Joel Greenblatt) % Related Terms

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JS Global Lifestyle Co Business Description

Traded in Other Exchanges
Address
238 Des Voeux Road Central, 21st Floor, Sheung Wan, Hong Kong, HKG
JS Global Lifestyle Co Ltd is an investment holding company. Its operating segment includes Joyoung and SharkNinja. The company generates maximum revenue from SharkNinja segment. Its SharkNinja segment is involved in the design, marketing, manufacture, export, import, and distribution of a full range of floor care products, hard-surface steam cleaning products and small kitchen appliances products. Its Joyoung segment is involved in the design, manufacture, marketing, export and distribution of small kitchen electrical appliances. The company earns majority of its revenue from SharkNinja segment.

JS Global Lifestyle Co Headlines

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