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CTR Holdings (HKSE:01416) ROC (Joel Greenblatt) % : 255.17% (As of Aug. 2023)


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What is CTR 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. CTR Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was 255.17%.

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

HKSE:01416' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -126.49   Med: 301.79   Max: 362.01
Current: 347.75

During the past 7 years, CTR Holdings's highest ROC (Joel Greenblatt) % was 362.01%. The lowest was -126.49%. And the median was 301.79%.

HKSE:01416's ROC (Joel Greenblatt) % is ranked better than
96.87% of 1664 companies
in the Construction industry
Industry Median: 18.21 vs HKSE:01416: 347.75

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


CTR Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for CTR 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.

CTR Holdings ROC (Joel Greenblatt) % Chart

CTR Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 362.01 321.26 -126.49 4.62 301.79

CTR Holdings Semi-Annual Data
Feb17 Feb18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 198.24 -176.23 184.49 433.33 255.17

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

For the Engineering & Construction subindustry, CTR 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.


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

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

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



CTR 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: Feb. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(51.86 + 0.406 + 12.013) - (127.498 + 0 + 35.465)
=-98.684

Working Capital(Q: Aug. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(65.822 + 0.261 + 13.757) - (147.932 + 0 + 28.343)
=-96.435

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of CTR Holdings for the quarter that ended in Aug. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Aug. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2023  Q: Aug. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=39.972/( ( (16.177 + max(-98.684, 0)) + (15.153 + max(-96.435, 0)) )/ 2 )
=39.972/( ( 16.177 + 15.153 )/ 2 )
=39.972/15.665
=255.17 %

Note: The EBIT data used here is two times the semi-annual (Aug. 2023) 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.


CTR Holdings  (HKSE:01416) 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.


CTR Holdings ROC (Joel Greenblatt) % Related Terms

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CTR Holdings (HKSE:01416) Business Description

Traded in Other Exchanges
N/A
Address
21 Woodlands Close No. 08-11/12, Primz Bizhub, Singapore, SGP, 737854
CTR Holdings Ltd is an investment holding company. The company focuses on the provision of structural engineering works and wet architectural works services. The company generates maximum revenue from Structural engineering works. Geographically, the company derives revenue from Singapore. The Structural engineering works services of the company include reinforced concrete works which include steel reinforcement works, formwork erection and concrete works, and Precast installation works while the Wet architectural works services include Masonry building works; Plastering and screeding works; Tiling works and Waterproofing works.

CTR Holdings (HKSE:01416) Headlines

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