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eSun Holdings (HKSE:00571) ROC (Joel Greenblatt) % : -138.64% (As of Jul. 2024)


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What is eSun Holdings 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. eSun Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was -138.64%.

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

HKSE:00571' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -84.91   Med: -12.27   Max: 30.8
Current: -84.91

During the past 13 years, eSun Holdings's highest ROC (Joel Greenblatt) % was 30.80%. The lowest was -84.91%. And the median was -12.27%.

HKSE:00571's ROC (Joel Greenblatt) % is ranked worse than
80.63% of 1043 companies
in the Media - Diversified industry
Industry Median: 7.8 vs HKSE:00571: -84.91

eSun Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -50.00% per year.


eSun Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for eSun Holdings'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.

eSun Holdings ROC (Joel Greenblatt) % Chart

eSun Holdings Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.62 -29.85 -33.44 -19.86 -82.18

eSun Holdings Semi-Annual Data
Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25
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 -12.68 -22.14 -22.24 -138.64 -11.29

Competitive Comparison of eSun Holdings's ROC (Joel Greenblatt) %

For the Entertainment subindustry, eSun Holdings'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.


eSun Holdings's ROC (Joel Greenblatt) % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, eSun Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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eSun Holdings 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: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(98.666 + 448.52 + 2.3900000000001) - (519.339 + 0 + 223.465)
=-193.228

Working Capital(Q: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(191.195 + 285.188 + 0) - (575.527 + 0 + 149.651)
=-248.795

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of eSun Holdings for the quarter that ended in Jul. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jul. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2024  Q: Jul. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-790.73/( ( (753.209 + max(-193.228, 0)) + (387.48 + max(-248.795, 0)) )/ 2 )
=-790.73/( ( 753.209 + 387.48 )/ 2 )
=-790.73/570.3445
=-138.64 %

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


eSun Holdings  (HKSE:00571) 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.


eSun Holdings ROC (Joel Greenblatt) % Related Terms

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eSun Holdings Business Description

Traded in Other Exchanges
N/A
Address
680 Cheung Sha Wan Road, 11th Floor, Lai Sun Commercial Centre, Kowloon, HKG
eSun Holdings Ltd is an investment holding company. The company's operating segments include Media and entertainment, Film and TV program, Cinema operation, and Corporate and others. It generates maximum revenue from the Cinema operation segment which engages in the operation of cinemas in Hong Kong and the Chinese Mainland. Geographically, the company generates a majority of its revenue from Hong Kong and the rest from Mainland China and Macau, and other regions.
Executives
Lai Sun Development Company Limited
Lai Sun Garment (international) Limited
Lam Kin Ngok Peter
Yu Cheuk Yi 2103 Interests held jointly with another person
Yu Siu Yuk 2103 Interests held jointly with another person

eSun Holdings Headlines

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