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Great Wall Motor Co (HKSE:02333) ROC (Joel Greenblatt) % : 52.44% (As of Jun. 2024)


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What is Great Wall Motor Co 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. Great Wall Motor Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 52.44%.

The historical rank and industry rank for Great Wall Motor Co's ROC (Joel Greenblatt) % or its related term are showing as below:

HKSE:02333' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.92   Med: 21.69   Max: 46.47
Current: 40.63

During the past 13 years, Great Wall Motor Co's highest ROC (Joel Greenblatt) % was 46.47%. The lowest was 15.92%. And the median was 21.69%.

HKSE:02333's ROC (Joel Greenblatt) % is ranked better than
89.32% of 1311 companies
in the Vehicles & Parts industry
Industry Median: 12.01 vs HKSE:02333: 40.63

Great Wall Motor Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 6.60% per year.


Great Wall Motor Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Great Wall Motor Co'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.

Great Wall Motor Co ROC (Joel Greenblatt) % Chart

Great Wall Motor Co 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 15.92 20.97 25.29 22.41 19.89

Great Wall Motor Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 46.79 26.61 40.89 52.44 43.76

Competitive Comparison of Great Wall Motor Co's ROC (Joel Greenblatt) %

For the Auto Manufacturers subindustry, Great Wall Motor Co'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.


Great Wall Motor Co's ROC (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Great Wall Motor Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Great Wall Motor Co's ROC (Joel Greenblatt) % falls into.



Great Wall Motor Co 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: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7308.492 + 28809.769 + 15501.371) - (48885.942 + 0 + 17716.694)
=-14983.004

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Great Wall Motor Co 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: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=21035.192/( ( (0 + max(0, 0)) + (40114.047 + max(-14983.004, 0)) )/ 1 )
=21035.192/( ( 0 + 40114.047 )/ 1 )
=21035.192/40114.047
=52.44 %

Note: The EBIT data used here is four times the quarterly (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.


Great Wall Motor Co  (HKSE:02333) 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.


Great Wall Motor Co ROC (Joel Greenblatt) % Related Terms

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


Great Wall Motor Co Business Description

Address
No. 2266 Chaoyang Road South, Hebei Province, Lianchi District, Baoding, CHN, 071000
Automobile manufacturer Great Wall Motor is China's market leader in the SUV and pickup truck segments. In 2023, the company sold over 715,000 Haval-branded SUVs and 240,000 WEY- and Tank-branded SUVs, making it the largest SUV manufacturer by sales volume for the 14th year. It also sold more than 200,000 pickup trucks, also ranked number one in sales volume for 25 consecutive years. China's domestic market accounts for about 70% of Great Wall's revenue in 2023, with the balance coming from Russia, the Middle East, South Africa, Australia, and Chile, among others.
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