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Alltronics Holdings (HKSE:00833) ROC (Joel Greenblatt) % : 29.88% (As of Jun. 2024)


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What is Alltronics 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. Alltronics Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 29.88%.

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

HKSE:00833' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -59.58   Med: 34.02   Max: 40.15
Current: 36.57

During the past 13 years, Alltronics Holdings's highest ROC (Joel Greenblatt) % was 40.15%. The lowest was -59.58%. And the median was 34.02%.

HKSE:00833's ROC (Joel Greenblatt) % is ranked better than
82.46% of 2452 companies
in the Hardware industry
Industry Median: 9.67 vs HKSE:00833: 36.57

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


Alltronics Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Alltronics 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.

Alltronics Holdings ROC (Joel Greenblatt) % Chart

Alltronics Holdings 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 -59.58 40.02 17.85 26.75 38.18

Alltronics Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.37 35.65 35.48 43.44 29.88

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

For the Electronic Components subindustry, Alltronics 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.


Alltronics Holdings's ROC (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Alltronics Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Alltronics 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(163.971 + 258.661 + 4.9090000000001) - (202.505 + 0 + 44.528)
=180.508

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(189.474 + 232.805 + 4.901) - (240.883 + 0 + 0)
=186.297

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Alltronics Holdings 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 )
=114.53/( ( (206.09 + max(180.508, 0)) + (193.668 + max(186.297, 0)) )/ 2 )
=114.53/( ( 386.598 + 379.965 )/ 2 )
=114.53/383.2815
=29.88 %

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.


Alltronics Holdings  (HKSE:00833) 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.


Alltronics Holdings ROC (Joel Greenblatt) % Related Terms

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


Alltronics Holdings Business Description

Traded in Other Exchanges
N/A
Address
18 Whitfield Road, Unit 408, 4th Floor, Citicorp Centre, Causeway Bay, Hong Kong, HKG
Alltronics Holdings Ltd is an investment holding company. The group has three reportable operating segments as follows: Electronic Products, Biodiesel Products, and Energy Saving Business. The Electronic Products segment is engaged in the manufacturing and trading of electronic products, plastic molds, plastic, and other components for electronic products. The Biodiesel Products segment is engaged in the trading of biodiesel products in Hong Kong, and the Energy Saving Business segment is involved in the provision of energy-saving business solutions to customers. The majority of its revenue is derived from Electronic Products. Its primary geographic markets include the United States, Hong Kong, Europe, the PRC, and other overseas countries.
Executives
China Asset Management (hong Kong) Limited 2102 Investment manager
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Lam Yin Kee 2101 Beneficial owner
Yeung Po Wah 2202 Interest of your spouse
Liu Jing 2101 Beneficial owner
Profit International Holdings Limited 2101 Beneficial owner
Lijiang Investment Holdings Limited 2101 Beneficial owner

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