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Fu Shou Yuan International Group (HKSE:01448) ROC (Joel Greenblatt) % : 41.23% (As of Dec. 2023)


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What is Fu Shou Yuan International 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. Fu Shou Yuan International Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 41.23%.

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

HKSE:01448' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 39.62   Med: 141.21   Max: 159.84
Current: 52.38

During the past 12 years, Fu Shou Yuan International Group's highest ROC (Joel Greenblatt) % was 159.84%. The lowest was 39.62%. And the median was 141.21%.

HKSE:01448's ROC (Joel Greenblatt) % is ranked better than
85.71% of 105 companies
in the Personal Services industry
Industry Median: 13.18 vs HKSE:01448: 52.38

Fu Shou Yuan International Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -24.30% per year.


Fu Shou Yuan International Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for Fu Shou Yuan International 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.

Fu Shou Yuan International Group ROC (Joel Greenblatt) % Chart

Fu Shou Yuan International 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 151.67 149.37 71.74 39.62 52.71

Fu Shou Yuan International Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 69.15 51.04 77.67 63.30 41.23

Competitive Comparison of Fu Shou Yuan International Group's ROC (Joel Greenblatt) %

For the Personal Services subindustry, Fu Shou Yuan International 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.


Fu Shou Yuan International Group's ROC (Joel Greenblatt) % Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Fu Shou Yuan International Group's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Fu Shou Yuan International Group's ROC (Joel Greenblatt) % falls into.



Fu Shou Yuan International 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: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(135.54 + 616.971 + 0) - (863.346 + 0 + 239.26)
=-350.095

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(152.159 + 610.319 + 26.768) - (912.321 + 0 + 187.574)
=-310.649

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Fu Shou Yuan International Group for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1248.802/( ( (3042.718 + max(-350.095, 0)) + (3014.909 + max(-310.649, 0)) )/ 2 )
=1248.802/( ( 3042.718 + 3014.909 )/ 2 )
=1248.802/3028.8135
=41.23 %

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


Fu Shou Yuan International Group  (HKSE:01448) 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.


Fu Shou Yuan International Group ROC (Joel Greenblatt) % Related Terms

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Fu Shou Yuan International Group (HKSE:01448) Business Description

Traded in Other Exchanges
Address
No. 88 Cao Xi Road North, Room 1306, Sheng Ai Building, Xuhui District, Shanghai, CHN, 200030
Fu Shou Yuan International Group Ltd is a personal services company that provides burial, funeral, and auxiliary services throughout China. The company derives the vast majority of its revenue from the provision of burial services. Within this business activity, Fu Shou Yuan generates most of its revenue from the sale of primarily customized, artistic, and traditional burial plots. The company also provides cemetery maintenance services for its portfolio of cemeteries within its burial services segment. The majority of Fu Shou Yuan's sales come from the Shanghai region, while the Liaoning province also contributes a sizable percentage of total revenue. Fu Shou Yuan's other divisions are involved in the acquisition and operation of funeral homes and the building of cremation machines.

Fu Shou Yuan International Group (HKSE:01448) Headlines

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