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Forward Fashion (International) Holdings Co (HKSE:02528) ROC (Joel Greenblatt) % : -24.17% (As of Jun. 2024)


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What is Forward Fashion (International) Holdings 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. Forward Fashion (International) Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -24.17%.

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

HKSE:02528' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.98   Med: 9.17   Max: 26.6
Current: -13.53

During the past 8 years, Forward Fashion (International) Holdings Co's highest ROC (Joel Greenblatt) % was 26.60%. The lowest was -16.98%. And the median was 9.17%.

HKSE:02528's ROC (Joel Greenblatt) % is ranked worse than
83.32% of 1109 companies
in the Retail - Cyclical industry
Industry Median: 10.58 vs HKSE:02528: -13.53

Forward Fashion (International) Holdings Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Forward Fashion (International) Holdings Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Forward Fashion (International) Holdings 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.

Forward Fashion (International) Holdings Co ROC (Joel Greenblatt) % Chart

Forward Fashion (International) Holdings Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 11.99 -16.98 14.31 -4.39 0.43

Forward Fashion (International) Holdings Co Semi-Annual Data
Dec16 Dec17 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 -3.54 -5.63 2.61 -1.58 -24.17

Competitive Comparison of Forward Fashion (International) Holdings Co's ROC (Joel Greenblatt) %

For the Apparel Retail subindustry, Forward Fashion (International) Holdings 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.


Forward Fashion (International) Holdings Co's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Forward Fashion (International) Holdings Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Forward Fashion (International) Holdings Co's ROC (Joel Greenblatt) % falls into.



Forward Fashion (International) Holdings 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(47.953 + 308.219 + 53.804) - (367.104 + 0 + 22.082)
=20.79

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(45.133 + 289.949 + 45.145) - (231.839 + 0 + 28.286)
=120.102

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Forward Fashion (International) Holdings 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: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-88.244/( ( (315.855 + max(20.79, 0)) + (273.555 + max(120.102, 0)) )/ 2 )
=-88.244/( ( 336.645 + 393.657 )/ 2 )
=-88.244/365.151
=-24.17 %

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.


Forward Fashion (International) Holdings Co  (HKSE:02528) 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.


Forward Fashion (International) Holdings Co ROC (Joel Greenblatt) % Related Terms

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Forward Fashion (International) Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
The Gateway, Harbour City, Suite 1204, 12th Floor, Tower 6, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Forward Fashion (International) Holdings Co Ltd is engaged in the retail of fashion apparel of international brands ranging from designer label brands, and popular brands to up-and-coming brands in Greater China. Its brands include UM, UM IXOX, and IXOX. It has opened mono-brand stores in Greater China for the brands BLACK BARRETT, CK CALVIN KLEIN, Calvin Klein Jeans, Calvin Klein Performance, Calvin Klein Underwear, EA7, Ed Hardy, Hogan, Moschino, Neil Barrett, Philipp Plein, Tommy Hilfiger and Under Armour. It has a business presence in Mainland China, Macau, Hong Kong, and Taiwan.
Executives
Gold Star Fashion Limited 2101 Beneficial owner
Cheng King Ling 2202 Interest of your spouse
Fan Wing Ting 2201 Interest of corporation controlled by you

Forward Fashion (International) Holdings Co Headlines

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