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Zhongshen Jianye Holding (HKSE:02503) ROC (Joel Greenblatt) % : 18.44% (As of Jun. 2024)


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What is Zhongshen Jianye Holding 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. Zhongshen Jianye Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 18.44%.

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

HKSE:02503' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 118.03   Med: 1291.41   Max: 2174.53
Current: 118.03

During the past 4 years, Zhongshen Jianye Holding's highest ROC (Joel Greenblatt) % was 2174.53%. The lowest was 118.03%. And the median was 1291.41%.

HKSE:02503's ROC (Joel Greenblatt) % is ranked better than
89.86% of 1716 companies
in the Construction industry
Industry Median: 17.77 vs HKSE:02503: 118.03

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


Zhongshen Jianye Holding ROC (Joel Greenblatt) % Historical Data

The historical data trend for Zhongshen Jianye Holding'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.

Zhongshen Jianye Holding ROC (Joel Greenblatt) % Chart

Zhongshen Jianye Holding Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
982.30 2,174.53 1,600.52 208.77

Zhongshen Jianye Holding Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial -518.80 2,898.98 1,219.29 278.70 18.44

Competitive Comparison of Zhongshen Jianye Holding's ROC (Joel Greenblatt) %

For the Engineering & Construction subindustry, Zhongshen Jianye Holding'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.


Zhongshen Jianye Holding's ROC (Joel Greenblatt) % Distribution in the Construction Industry

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

* The bar in red indicates where Zhongshen Jianye Holding's ROC (Joel Greenblatt) % falls into.



Zhongshen Jianye Holding 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)
=(150.143 + 0.396 + 27.057) - (1368.523 + 0 + 31.27)
=-1222.197

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(235.465 + 0.278 + 18.394) - (1095.168 + 0 + 17.006)
=-858.037

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Zhongshen Jianye Holding 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 )
=9.038/( ( (47.704 + max(-1222.197, 0)) + (50.296 + max(-858.037, 0)) )/ 2 )
=9.038/( ( 47.704 + 50.296 )/ 2 )
=9.038/49
=18.44 %

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.


Zhongshen Jianye Holding  (HKSE:02503) 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.


Zhongshen Jianye Holding ROC (Joel Greenblatt) % Related Terms

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Zhongshen Jianye Holding Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
the southeast side of the intersection of Guangming Avenue and Dongchang Road, Nos. 615–616, Block 2, Nam Tai Inno Park, Guangming, Guangdong, Shenzhen, CHN
Website
Zhongshen Jianye Holding Ltd is a growing private general contracting construction enterprise in the PRC and has been granted first-grade construction contracting qualifications, including the first-grade qualification in building construction general contracting; the first-grade qualification in municipal and public construction general construction; the first-grade qualification in foundation construction specialized contracting; the first-grade qualification in building electrical & mechanical installation and engineering specialized contracting; and the first-grade qualification in building renovation and decoration construction specialized contracting. It has strategically focused and placed efforts on municipal and public construction works in Guangdong.
Executives
Sang Xianfeng 2201 Interest of corporation controlled by you
Zhong Shen Heng Tai Zi Ben You Xian Gong Si 2101 Beneficial owner
Jin Wei 2202 Interest of your spouse
Xian Yurong 2201 Interest of corporation controlled by you
Zhong Shen Chi Tai Zi Ben You Xian Gong Si 2101 Beneficial owner
Hou Ling 2201 Interest of corporation controlled by you
Wang Jing 2202 Interest of your spouse
Xin Yao Tou Zi You Xian Gong Si 2101 Beneficial owner

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