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Intron Technology Holdings (HKSE:01760) ROC (Joel Greenblatt) % : 10.81% (As of Jun. 2024)


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What is Intron Technology 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. Intron Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 10.81%.

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

HKSE:01760' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.27   Med: 29.93   Max: 59.5
Current: 13.95

During the past 9 years, Intron Technology Holdings's highest ROC (Joel Greenblatt) % was 59.50%. The lowest was 12.27%. And the median was 29.93%.

HKSE:01760's ROC (Joel Greenblatt) % is ranked better than
55.3% of 1311 companies
in the Vehicles & Parts industry
Industry Median: 12.01 vs HKSE:01760: 13.95

Intron Technology Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.10% per year.


Intron Technology Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Intron Technology 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.

Intron Technology Holdings ROC (Joel Greenblatt) % Chart

Intron Technology Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only 20.40 12.27 20.62 29.93 18.89

Intron Technology Holdings Semi-Annual Data
Dec15 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 26.63 37.20 17.59 17.87 10.81

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

For the Auto Parts subindustry, Intron Technology 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.


Intron Technology Holdings's ROC (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Intron Technology Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Intron Technology 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)
=(1917.875 + 1700.017 + 158.284) - (1562.251 + 0 + 76.947)
=2136.978

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1716.486 + 1669.754 + 873.977) - (1551.384 + 0 + 69.177)
=2639.656

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Intron Technology 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 )
=298.472/( ( (377.56 + max(2136.978, 0)) + (367.395 + max(2639.656, 0)) )/ 2 )
=298.472/( ( 2514.538 + 3007.051 )/ 2 )
=298.472/2760.7945
=10.81 %

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.


Intron Technology Holdings  (HKSE:01760) 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.


Intron Technology Holdings ROC (Joel Greenblatt) % Related Terms

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


Intron Technology Holdings Business Description

Traded in Other Exchanges
Address
22 Science Park East Avenue, Unit 703&705, 7th Floor, Building 22E, Hong Kong Science Park, Pak Shek Kok Shatin, New Territories, Hong Kong, HKG
Intron Technology, founded in 2001 and listed in July 2018, is an automotive electronics solutions provider in China. It focuses on providing solutions targeting critical automotive electronic components applied in new energy, body control, safety, automated vehicles and powertrain systems. It utilizes research and development and engineering capabilities to provide solutions incorporating advanced semiconductor devices. About two thirds of its employees belong to R&D. The firm's primary function is design, although it is paid for this design through the distribution of semiconductor-based solutions. The group offers solutions mainly to original equipment manufacturers, Tier 1, and other suppliers in the auto industry. Its customers are mainly based in China.
Executives
Chan Cheung Ngai 2201 Interest of corporation controlled by you
Luk Wing Ming 2201 Interest of corporation controlled by you
Magnate Era Limited 2101 Beneficial owner
Heroic Mind Limited 2101 Beneficial owner
Treasure Map Ventures Limited 2101 Beneficial owner
Zenith Benefit Investments Limited 2101 Beneficial owner

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