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WH Group (HKSE:00288) ROC (Joel Greenblatt) % : 0.00% (As of Jun. 2024)


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What is WH 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. WH Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 0.00%.

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

HKSE:00288' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.8   Med: 25.84   Max: 32.44
Current: 7.8

During the past 11 years, WH Group's highest ROC (Joel Greenblatt) % was 32.44%. The lowest was 7.80%. And the median was 25.84%.

HKSE:00288's ROC (Joel Greenblatt) % is ranked worse than
61.55% of 1904 companies
in the Consumer Packaged Goods industry
Industry Median: 11.85 vs HKSE:00288: 7.80

WH Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.80% per year.


WH Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for WH 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.

WH Group ROC (Joel Greenblatt) % Chart

WH Group 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 27.26 17.24 22.20 26.43 13.86

WH Group Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24
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 - 13.14 7.84 - 22.90

Competitive Comparison of WH Group's ROC (Joel Greenblatt) %

For the Packaged Foods subindustry, WH 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.


WH Group's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, WH Group's ROC (Joel Greenblatt) % distribution charts can be found below:

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



WH 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6802.336 + 32371.621 + 640.403) - (10176.169 + 0 + 16791.07)
=12847.121

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6966.52 + 32317.78 + 718.52) - (7856.86 + 0 + 13284.81)
=18861.15

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of WH Group 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 )
=0/( ( (56925.632 + max(12847.121, 0)) + (55997.7 + max(18861.15, 0)) )/ 2 )
=0/( ( 69772.753 + 74858.85 )/ 2 )
=0/72315.8015
=0.00 %

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


WH Group  (HKSE:00288) 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.


WH Group ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of WH Group's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


WH Group Business Description

Traded in Other Exchanges
Address
1 Austin Road West, Unit 7602B-7604A, Level 76, International Commerce Centre, Kowloon, Hong Kong, HKG
WH Group is a holding company and the world's largest vertically integrated producer of pork and related packaged meat products. Its revenue is mainly derived from activities undertaken by its China and US operations, which are respectively via 70.3%-owned Henan Shuanghui Investment & Development Co., or Shuanghui, and wholly owned Smithfield Foods Inc. In the US, its key packaged meats brands, in which it has an 8% market share, include Nathan's hot dogs, Armour, John Morrell, and Curly's, while in China, products are mainly under the Shuanghui brand, where it also has a 32% market share. We expect the company's operating profit to be split almost equally between the US and China going forward with a small contribution from Europe.
Executives
Ma Xiangjie 2305 Beneficiary of a trust
Guo Lijun 2307 Founder of a discretionary trust who can infl
Cantrust (far East) Limited 2301 Trustee
Wlt Management Limited 2201 Interest of corporation controlled by you
Wan Long 2307 Founder of a discretionary trust who can infl
Wang Meixiang 2202 Interest of your spouse
Xing Tong You Xian Gong Si 2501 Other
The Bank Of New York Mellon Corporation 2201 Interest of corporation controlled by you
Mondrian Investment Partners Limited 2102 Investment manager
Liu Songtao 2301 Trustee
Zhang Liwen 2301 Trustee
Xiong Yu Tou Zi You Xian Gong Si 2101 Beneficial owner
Xing Tai Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you

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