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Pizu Group Holdings (HKSE:09893) ROC (Joel Greenblatt) % : 0.00% (As of Sep. 2024)


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What is Pizu Group 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. Pizu Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.00%.

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

HKSE:09893' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.09   Med: 87.55   Max: 176.2
Current: 15.87

During the past 13 years, Pizu Group Holdings's highest ROC (Joel Greenblatt) % was 176.20%. The lowest was 11.09%. And the median was 87.55%.

HKSE:09893's ROC (Joel Greenblatt) % is ranked better than
66.82% of 1558 companies
in the Chemicals industry
Industry Median: 9.425 vs HKSE:09893: 15.87

Pizu Group Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -42.20% per year.


Pizu Group Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Pizu Group 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.

Pizu Group Holdings ROC (Joel Greenblatt) % Chart

Pizu Group 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 131.78 38.38 19.41 11.09 13.79

Pizu Group Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 Premium Member Only 18.21 18.13 20.85 6.66 -

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

For the Specialty Chemicals subindustry, Pizu Group 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.


Pizu Group Holdings's ROC (Joel Greenblatt) % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Pizu Group Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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Pizu Group 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)
=(232.728 + 128.178 + 2.8580000000001) - (1579.717 + 0 + 25.221)
=-1241.174

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(418.949 + 153.59 + 0.0010000000002037) - (1818.837 + 0 + 0)
=-1246.297

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Pizu Group 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 )
=0/( ( (2783.007 + max(-1241.174, 0)) + (2389.659 + max(-1246.297, 0)) )/ 2 )
=0/( ( 2783.007 + 2389.659 )/ 2 )
=0/2586.333
=0.00 %

Note: The EBIT data used here is four times the quarterly (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.


Pizu Group Holdings  (HKSE:09893) 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.


Pizu Group Holdings ROC (Joel Greenblatt) % Related Terms

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


Pizu Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
168-200 Connaught Road Central, Unit 07, 21st Floor, West Tower, Sheung Wan, Hong Kong, HKG
Pizu Group Holdings Ltd is an investment holding company. It is involved in the segments of Mining operation which involves the mining, and processing of pyrite, iron ore, and copper and the sales of the said mineral products in the PRC; Explosives trading and blasting services involving the manufacturing and sale of explosives and provision of blasting operations in the PRC and Tajikistan; and Bulk mineral trade which covers the trading of non-ferrous metals and minerals in Hong Kong and the PRC. It derives key revenue from the Explosives trading and blasting services segment.
Executives
Yang Tao 2101 Beneficial owner
Liu Fali 2101 Beneficial owner
Ma Ye 2101 Beneficial owner
Lyu Wenhua 2101 Beneficial owner
Li Man 2101 Beneficial owner
Liu Fali 2401 A concert party to an agreement to buy shares
Ma Suocheng 2401 A concert party to an agreement to buy shares
Ma Xia 2401 A concert party to an agreement to buy shares
Equity Trustee Limited 2301 Trustee
Ma Family Holdings Co. Limited 2201 Interest of corporation controlled by you
Shiny Ocean Holdings Limited 2101 Beneficial owner
Ma Qiang 2307 Founder of a discretionary trust who can infl

Pizu Group Holdings Headlines

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