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Sky Chinafortune Holdings Group (HKSE:00141) ROC (Joel Greenblatt) % : -757.21% (As of Jun. 2022)


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What is Sky Chinafortune Holdings Group 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. Sky Chinafortune Holdings Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -757.21%.

The historical rank and industry rank for Sky Chinafortune Holdings Group's ROC (Joel Greenblatt) % or its related term are showing as below:

HKSE:00141's ROC (Joel Greenblatt) % is not ranked *
in the Real Estate industry.
Industry Median: 9.665
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Sky Chinafortune Holdings Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Sky Chinafortune Holdings Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for Sky Chinafortune Holdings Group'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.

Sky Chinafortune Holdings Group ROC (Joel Greenblatt) % Chart

Sky Chinafortune Holdings Group Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,513.99 -26.97 118.15 3.43 -173.52

Sky Chinafortune Holdings Group Semi-Annual Data
Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
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 76.43 -26.31 40.12 -371.13 -757.21

Competitive Comparison of Sky Chinafortune Holdings Group's ROC (Joel Greenblatt) %

For the Real Estate Services subindustry, Sky Chinafortune Holdings Group'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.


Sky Chinafortune Holdings Group's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sky Chinafortune Holdings Group's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Sky Chinafortune Holdings Group's ROC (Joel Greenblatt) % falls into.



Sky Chinafortune Holdings Group 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. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.786 + 9.815 + 1.4210854715202E-14) - (29.944 + 0 + 0.059000000000005)
=-16.402

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.823 + 6.759 + 0) - (26.267 + 0 + 0.056000000000001)
=-10.741

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Sky Chinafortune Holdings Group for the quarter that ended in Jun. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2021  Q: Jun. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-62.534/( ( (9.043 + max(-16.402, 0)) + (7.474 + max(-10.741, 0)) )/ 2 )
=-62.534/( ( 9.043 + 7.474 )/ 2 )
=-62.534/8.2585
=-757.21 %

Note: The EBIT data used here is two times the semi-annual (Jun. 2022) 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.


Sky Chinafortune Holdings Group  (HKSE:00141) 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.


Sky Chinafortune Holdings Group ROC (Joel Greenblatt) % Related Terms

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Sky Chinafortune Holdings Group Business Description

Traded in Other Exchanges
N/A
Address
16-18 Queen’s Road Central, Room 1512, 15th Floor, New World Tower 1, Hong Kong, HKG
Sky Chinafortune Holdings Group Ltd is an investment holding company. It operates in three segments: Property investment, which includes leasing of properties situated in China; Trading of properties & property-related services, which is into the sale of properties situated in China, including the short-term leasing of properties held for sales and the provision of property-related services; and Retail business segment is into the sale of Chinese liquor and wine, and everyday items and ready-cooked food in the PRC. The majority of its revenue comes from the Property investment segment. The group has operations in the PRC.
Executives
Jiang Jiabao 2101 Beneficial owner
Jiang Tian 2101 Beneficial owner
Hopevision Group Ltd. 2101 Beneficial owner
Shanghai Chongsheng Investment Management Co., Ltd. 2201 Interest of corporation controlled by you

Sky Chinafortune Holdings Group Headlines

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