GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wing Chi Holdings Ltd (HKSE:06080) » Definitions » ROC (Joel Greenblatt) %

Wing Chi Holdings (HKSE:06080) ROC (Joel Greenblatt) % : 17.93% (As of Sep. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Wing Chi 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. Wing Chi Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 17.93%.

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

HKSE:06080' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -117.81   Med: 17.06   Max: 130.75
Current: 16.96

During the past 10 years, Wing Chi Holdings's highest ROC (Joel Greenblatt) % was 130.75%. The lowest was -117.81%. And the median was 17.06%.

HKSE:06080's ROC (Joel Greenblatt) % is ranked worse than
51.46% of 1716 companies
in the Construction industry
Industry Median: 17.77 vs HKSE:06080: 16.96

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


Wing Chi Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Wing Chi 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.

Wing Chi Holdings ROC (Joel Greenblatt) % Chart

Wing Chi Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -37.07 -117.81 13.53 20.59 11.41

Wing Chi Holdings Semi-Annual Data
Mar15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 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 34.90 3.32 9.34 15.60 17.93

Competitive Comparison of Wing Chi Holdings's ROC (Joel Greenblatt) %

For the Engineering & Construction subindustry, Wing Chi 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.


Wing Chi Holdings's ROC (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wing Chi Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Wing Chi 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: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(68.097 + 0 + 1.671) - (162.147 + 0 + 20.236)
=-112.615

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(56.591 + 0 + 1.443) - (134.86 + 0 + 23.459)
=-100.285

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Wing Chi Holdings for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=13.736/( ( (66.916 + max(-112.615, 0)) + (86.302 + max(-100.285, 0)) )/ 2 )
=13.736/( ( 66.916 + 86.302 )/ 2 )
=13.736/76.609
=17.93 %

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


Wing Chi Holdings  (HKSE:06080) 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.


Wing Chi Holdings ROC (Joel Greenblatt) % Related Terms

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


Wing Chi Holdings Business Description

Traded in Other Exchanges
N/A
Address
9 Hoi Shing Road, Room 3010, 30th Floor, Cable TV Tower, Tsuen Wan, New Territories, Hong Kong, HKG
Wing Chi Holdings Ltd is an Hong Kong-based investment holding company. The corporation is principally engaged in the provision of foundation and site formation works and machinery leasing. All of the group's operations are located in Hong Kong.
Executives
Great Pride Global Limited
Yam Yuen Nina 2201 Interest of corporation controlled by you
Colourfield Global Limited 2101 Beneficial owner
Chau Man Chun 2202 Interest of your spouse
Li Cheuk Kam 2201 Interest of corporation controlled by you

Wing Chi Holdings Headlines

No Headlines