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Leading Holdings Group (HKSE:06999) ROC (Joel Greenblatt) % : -212.52% (As of Jun. 2024)


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What is Leading Holdings Group 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. Leading Holdings Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -212.52%.

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

HKSE:06999' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -158.83   Med: 16.63   Max: 48.05
Current: -158.83

During the past 7 years, Leading Holdings Group's highest ROC (Joel Greenblatt) % was 48.05%. The lowest was -158.83%. And the median was 16.63%.

HKSE:06999's ROC (Joel Greenblatt) % is ranked worse than
91.8% of 1769 companies
in the Real Estate industry
Industry Median: 9.2 vs HKSE:06999: -158.83

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


Leading Holdings Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for Leading Holdings Group'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.

Leading Holdings Group ROC (Joel Greenblatt) % Chart

Leading Holdings Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 15.98 22.79 16.63 -77.79 13.39

Leading Holdings Group Semi-Annual Data
Dec17 Dec18 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 11.25 -263.65 49.92 -64.47 -212.52

Competitive Comparison of Leading Holdings Group's ROC (Joel Greenblatt) %

For the Real Estate - Development subindustry, Leading Holdings Group'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.


Leading Holdings Group's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

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

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



Leading Holdings Group 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)
=(45.208 + 23131.267 + 3085.61) - (11749.519 + 0 + 14349.762)
=162.804

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(40.094 + 19231.409 + 1691.671) - (12804.692 + 0 + 10464.279)
=-2305.797

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Leading Holdings Group 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 )
=-729.154/( ( (328.13 + max(162.804, 0)) + (195.276 + max(-2305.797, 0)) )/ 2 )
=-729.154/( ( 490.934 + 195.276 )/ 2 )
=-729.154/343.105
=-212.52 %

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.


Leading Holdings Group  (HKSE:06999) 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.


Leading Holdings Group ROC (Joel Greenblatt) % Related Terms

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


Leading Holdings Group Business Description

Traded in Other Exchanges
N/A
Address
No. 151, 2nd Tianfu Street, Leading International Finance Center, 46th Floor, Tower A, Gaoxin District, Sichuan Province, Chengdu, CHN
Leading Holdings Group Ltd is focused on the development and sale of residential and commercial properties. In addition, the group holds a portion of commercial properties for investment purpose and are engaged in the hotel management business. Further, it also provides project management services. It operates in three segments: Property development, Commercial property investment, and operations, and Hotel operations, of which the majority of its revenue comes from the Property development segment. Its operations are conducted in Mainland China.
Executives
Liu Yuhui 2201 Interest of corporation controlled by you
Chen Ao Ao 2202 Interest of your spouse
Hou Sanli 2201 Interest of corporation controlled by you
Lan Tian 2202 Interest of your spouse
Liu Ce 2201 Interest of corporation controlled by you
Liu Haowei 2201 Interest of corporation controlled by you
Liu Shan 2202 Interest of your spouse
Liu Yuqi 2202 Interest of your spouse
Long Yiqin 2201 Interest of corporation controlled by you
Wang Tao 2201 Interest of corporation controlled by you
Jin Sha Jiang Holding Limited 2101 Beneficial owner
Yue Lai Investment Limited 2101 Beneficial owner
Ling Yue Capital Holding Limited 2101 Beneficial owner
Yuan Di Capital Limited 2101 Beneficial owner

Leading Holdings Group Headlines

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