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BExcellent Group Holdings (HKSE:01775) ROC (Joel Greenblatt) % : -8.05% (As of Jan. 2024)


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What is BExcellent Group 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. BExcellent Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -8.05%.

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

HKSE:01775' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -57.47   Med: 47.51   Max: 204.61
Current: -35.39

During the past 9 years, BExcellent Group Holdings's highest ROC (Joel Greenblatt) % was 204.61%. The lowest was -57.47%. And the median was 47.51%.

HKSE:01775's ROC (Joel Greenblatt) % is ranked worse than
83.71% of 264 companies
in the Education industry
Industry Median: 15.235 vs HKSE:01775: -35.39

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


BExcellent Group Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for BExcellent Group 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.

BExcellent Group Holdings ROC (Joel Greenblatt) % Chart

BExcellent Group Holdings Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only 47.51 -45.72 -50.56 -51.22 -57.47

BExcellent Group Holdings Semi-Annual Data
Jul15 Jul16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 -23.77 -76.17 -55.08 -62.77 -8.05

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

For the Education & Training Services subindustry, BExcellent Group 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.


BExcellent Group Holdings's ROC (Joel Greenblatt) % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, BExcellent Group Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



BExcellent Group 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: Jul. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.626 + 0 + 9.145) - (12.311 + 0 + 14.967)
=-15.507

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.281 + 0 + 0.0010000000000048) - (13.134 + 0 + 24.167)
=-32.019

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of BExcellent Group Holdings for the quarter that ended in Jan. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.216/( ( (39.888 + max(-15.507, 0)) + (40.02 + max(-32.019, 0)) )/ 2 )
=-3.216/( ( 39.888 + 40.02 )/ 2 )
=-3.216/39.954
=-8.05 %

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


BExcellent Group Holdings  (HKSE:01775) 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.


BExcellent Group Holdings ROC (Joel Greenblatt) % Related Terms

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BExcellent Group Holdings (HKSE:01775) Business Description

Traded in Other Exchanges
N/A
Address
9 Sheung Yuet Road, Unit 02, 3/Floor, Tower 3, Enterprise Square Phase I, Kowloon Bay, Kowloon, Hong Kong, HKG
BExcellent Group Holdings Ltd is an investment holding company. The Company and its subsidiaries are engaged in the provision of private supplementary secondary school education services, the operation of private secondary day schools and offer ancillary education services and products in Hong Kong. Its Ancillary education services and products represent education-related income including interview preparation, language and supplementary primary school education, and tutorial services under Diverse Learning Club, Beacon Childhood, BeConfident, Glocal Education, and Mathgic brands. The company generates maximum revenue from private supplementary secondary school education services.
Executives
Beacon Enterprise Limited 2101 Beneficial owner
Leung Ho Yan Irene 2201 Interest of corporation controlled by you
Ng King Hang 2201 Interest of corporation controlled by you
Lam Yat Ming 2101 Beneficial owner
Leung Ho Ki June 2101 Beneficial owner
Tam Wai Lung 2101 Beneficial owner
Max Wisdom Development Limited 2101 Beneficial owner
Lam Yat Yan 2201 Interest of corporation controlled by you

BExcellent Group Holdings (HKSE:01775) Headlines

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