GURUFOCUS.COM » STOCK LIST » Industrials » Construction » South Shore Holdings Ltd (HKSE:00577) » Definitions » ROC (Joel Greenblatt) %

South Shore Holdings (HKSE:00577) ROC (Joel Greenblatt) % : -12.16% (As of Sep. 2020)


View and export this data going back to 1996. Start your Free Trial

What is South Shore 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. South Shore Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -12.16%.

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

HKSE:00577's ROC (Joel Greenblatt) % is not ranked *
in the Construction industry.
Industry Median: 17.87
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


South Shore Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for South Shore 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.

South Shore Holdings ROC (Joel Greenblatt) % Chart

South Shore Holdings Annual Data
Trend Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -105.16 -7.31 -269.34 -1,134.20 -65.44

South Shore Holdings Semi-Annual Data
Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20
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 -73.36 -1,888.45 -19.06 -17.23 -12.16

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

For the Engineering & Construction subindustry, South Shore 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.


South Shore Holdings's ROC (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, South Shore Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



South Shore 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: Mar. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(475.511 + 22.012 + 416.657) - (3441.389 + 0 + 789.374)
=-3316.583

Working Capital(Q: Sep. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(650.72 + 21.593 + 371.439) - (4271.086 + 0 + 758.183)
=-3985.517

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of South Shore Holdings for the quarter that ended in Sep. 2020 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2020  Q: Sep. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-303.198/( ( (996.741 + max(-3316.583, 0)) + (3990.59 + max(-3985.517, 0)) )/ 2 )
=-303.198/( ( 996.741 + 3990.59 )/ 2 )
=-303.198/2493.6655
=-12.16 %

Note: The EBIT data used here is two times the semi-annual (Sep. 2020) 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.


South Shore Holdings  (HKSE:00577) 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.


South Shore Holdings ROC (Joel Greenblatt) % Related Terms

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


South Shore Holdings (HKSE:00577) Business Description

Traded in Other Exchanges
N/A
Address
250 Hennessy Road, 33rd Floor, 250 Hennessy, Wanchai, Hong Kong, HKG
South Shore Holdings Ltd is an investment holding company. The company's operating segment include Management contracting; Property development management; Property investment and Hotel operation. It generates maximum revenue from the Management contracting segment. Management contracting segment is engaged in the building construction and civil engineering. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in Macau, PRC and Singapore and Malaysia.
Executives
Evolution Capital Management, Llc 2201 Interest of corporation controlled by you
Tiger Inn Enterprises Limited 2201 Interest of corporation controlled by you
Tiger Holdings Ltd. 2201 Interest of corporation controlled by you
Evolution Japan Group Holding Inc. 2201 Interest of corporation controlled by you
Evolution Japan Co. Ltd. 2201 Interest of corporation controlled by you
Evo Fund 2104 Agent
Evo Capital Management Asia Limited 2201 Interest of corporation controlled by you
Ej Us, Inc. 2201 Interest of corporation controlled by you
Evolution Japan Asset Management Co., Ltd. 2201 Interest of corporation controlled by you
Global Allocation Fund 2201 Interest of corporation controlled by you
Lerch Michael 2201 Interest of corporation controlled by you
Robertson Julian Hart 2201 Interest of corporation controlled by you
Tiger Management Corporation 2201 Interest of corporation controlled by you
Tiger Management L.l.c. 2102 Investment manager
Tiger Partners Gp, L.l.c. 2201 Interest of corporation controlled by you

South Shore Holdings (HKSE:00577) Headlines

No Headlines