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Bosa Technology Holdings (HKSE:08140) ROC (Joel Greenblatt) % : 140.23% (As of Dec. 2023)


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What is Bosa Technology 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. Bosa Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 140.23%.

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

HKSE:08140' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.51   Med: 51.52   Max: 245.23
Current: 70.95

During the past 8 years, Bosa Technology Holdings's highest ROC (Joel Greenblatt) % was 245.23%. The lowest was 12.51%. And the median was 51.52%.

HKSE:08140's ROC (Joel Greenblatt) % is ranked better than
95.83% of 623 companies
in the Steel industry
Industry Median: 9.16 vs HKSE:08140: 70.95

Bosa Technology Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 36.70% per year.


Bosa Technology Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Bosa Technology 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.

Bosa Technology Holdings ROC (Joel Greenblatt) % Chart

Bosa Technology Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 22.35 47.30 86.18 60.03 54.69

Bosa Technology Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 50.24 58.76 30.91 83.69 140.23

Competitive Comparison of Bosa Technology Holdings's ROC (Joel Greenblatt) %

For the Steel subindustry, Bosa Technology 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.


Bosa Technology Holdings's ROC (Joel Greenblatt) % Distribution in the Steel Industry

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

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



Bosa Technology 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.531 + 4.828 + 0) - (11.267 + 0 + 8.792)
=13.3

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Bosa Technology Holdings for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=34.232/( ( (0 + max(0, 0)) + (11.112 + max(13.3, 0)) )/ 1 )
=34.232/( ( 0 + 24.412 )/ 1 )
=34.232/24.412
=140.23 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.


Bosa Technology Holdings  (HKSE:08140) 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.


Bosa Technology Holdings ROC (Joel Greenblatt) % Related Terms

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Bosa Technology Holdings (HKSE:08140) Business Description

Traded in Other Exchanges
N/A
Address
No. 55 King Yip Street, Room D, 29th Floor, King Palace Plaza, Kwun Tong Kowloon, Hong Kong, HKG
Bosa Technology Holdings Ltd is an investment holding company, and the principal activity of its subsidiaries is to provide mechanical splicing services to the reinforced concrete construction industry in Hong Kong. Its mechanical splicing services include two elements: Processing reinforcing bars and Connecting reinforcing bars by couplers. The company provides two types of reinforcing bars processing services: Servisplice and the Seisplice.
Executives
Kwan Tek Sian 2201 Interest of corporation controlled by you
Kin Sun Creative Company Ltd 2101 Beneficial owner
Ha Jasmine Nim Chi 2202 Interest of your spouse
Chan Ching 2202 Interest of your spouse
Lim Su I 2101 Beneficial owner
Yang Tien Lee 2101 Beneficial owner
Wang Yu Ju 2202 Interest of your spouse
Wang Wann Bao 2101 Beneficial owner
Wang Yu Ju 2202 Interest of your spouse
Chiu Yin Mei 2101 Beneficial owner
Chan Ching 2202 Interest of your spouse
Ng Pei Ying 2202 Interest of your spouse
Lim Paulino 2101 Beneficial owner
Yang Tien Lee 2101 Beneficial owner
Wang Wann Bao 2101 Beneficial owner

Bosa Technology Holdings (HKSE:08140) Headlines

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