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Sunshine 100 China Holdings (HKSE:02608) ROC (Joel Greenblatt) % : -8.39% (As of Jun. 2024)


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What is Sunshine 100 China 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. Sunshine 100 China Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -8.39%.

The historical rank and industry rank for Sunshine 100 China Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:

HKSE:02608' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15.36   Med: 5.32   Max: 20.16
Current: -8.39

During the past 12 years, Sunshine 100 China Holdings's highest ROC (Joel Greenblatt) % was 20.16%. The lowest was -15.36%. And the median was 5.32%.

HKSE:02608's ROC (Joel Greenblatt) % is ranked worse than
78.46% of 1769 companies
in the Real Estate industry
Industry Median: 9.2 vs HKSE:02608: -8.39

Sunshine 100 China Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Sunshine 100 China Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Sunshine 100 China 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.

Sunshine 100 China Holdings ROC (Joel Greenblatt) % Chart

Sunshine 100 China Holdings 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 20.16 14.55 -15.36 -12.00 -6.88

Sunshine 100 China Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 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 Premium Member Only Premium Member Only Premium Member Only -1.54 -20.14 -4.50 -9.03 -8.39

Competitive Comparison of Sunshine 100 China Holdings's ROC (Joel Greenblatt) %

For the Real Estate - Development subindustry, Sunshine 100 China 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.


Sunshine 100 China Holdings's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sunshine 100 China Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Sunshine 100 China Holdings's ROC (Joel Greenblatt) % falls into.



Sunshine 100 China 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)
=(435.51 + 30958.755 + 2259.466) - (16933.428 + 0 + 4983.077)
=11737.226

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7758.917 + 29407.849 + 300.783) - (18550.265 + 0 + 3674.056)
=15243.228

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Sunshine 100 China 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 )
=-1173.432/( ( (501.92 + max(11737.226, 0)) + (485.162 + max(15243.228, 0)) )/ 2 )
=-1173.432/( ( 12239.146 + 15728.39 )/ 2 )
=-1173.432/13983.768
=-8.39 %

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.


Sunshine 100 China Holdings  (HKSE:02608) 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.


Sunshine 100 China Holdings ROC (Joel Greenblatt) % Related Terms

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Sunshine 100 China Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Guang Hua Road, 12th Floor, Tower D, Beijing, CHN, 100026
Sunshine 100 China Holdings Ltd engages in property and land development, property investment, and property management & hotel operation in China. The group generates revenue through property sales, property management and hotel operation income, and rental income. The property and land development business earns sales from residential and commercial properties and constructs projects in multiple Chinese cities. A majority of the company's revenue is derived from the mixed-use business complexes segment. Nearly all of the company's revenue comes from its customers in the People's Republic of China.
Executives
Yi Xiaodi 2307 Founder of a discretionary trust who can infl
Fan Xiaohua 2307 Founder of a discretionary trust who can infl
Fan Xiaochong 2307 Founder of a discretionary trust who can infl
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Li Mingqiang 2401 A concert party to an agreement to buy shares
Joywise Holdings Limited 2101 Beneficial owner
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Jin Xiangfei 2401 A concert party to an agreement to buy shares
Liu Chaohui 2401 A concert party to an agreement to buy shares
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Sunshine 100 China Holdings Headlines

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