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SingAsia HoldingsHKSE:08293 ROC (Joel Greenblatt) % is 59.05% as of Jan. 2026. The stock has 5 warning signs investors should review. Among 1,079 Business Services companies, SingAsia Holdings ranks better than 73.4% on this metric.
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. SingAsia Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 59.05%.
The historical rank and industry rank for SingAsia Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
HKSE:08293'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -433.33 Med: -99.96 Max: 92.86
Current: 61.5
During the past 12 years, SingAsia Holdings's highest ROC (Joel Greenblatt) % was 92.86%. The lowest was -433.33%. And the median was -99.96%.
HKSE:08293's ROC (Joel Greenblatt) % is ranked better than 73.4% of 1079
companies
in the Business Services industry
Industry Median: 22.09
vs HKSE:08293: 61.50
SingAsia Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
SingAsia Holdings ROC (Joel Greenblatt) % Related Terms
SingAsia Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for SingAsia 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.
HKSE:08293 vs RHI, KFY, TNET: ROC (Joel Greenblatt) % Comparison
For the Staffing & Employment Services subindustry, SingAsia 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.
SingAsia Holdings ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, SingAsia Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SingAsia Holdings's ROC (Joel Greenblatt) % falls into.
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:
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.
Note:
The EBIT data used here is two times the semi-annual (Jan. 2026) 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.
What does a ROC (Joel Greenblatt) % of 59.05% mean?
SingAsia Holdings (HKSE:08293) has a ROC (Joel Greenblatt) % of 59.05% as of Jan. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on SingAsia Holdings and its competitors. According to the industry distribution chart, SingAsia Holdings ranks #287 out of 1079 companies in the Business Services industry, placing it in the top 26.6%.
Is SingAsia Holdings' ROC (Joel Greenblatt) % too high?
SingAsia Holdings' current ROC (Joel Greenblatt) % is 59.05%. The Business Services industry median ROC (Joel Greenblatt) % is 22.09. SingAsia Holdings' value of 59.05% is 167.3% above this industry median. Based on the distribution chart, SingAsia Holdings ranks #287 out of 1079 companies in the Business Services industry, which is above the industry midpoint.
How does SingAsia Holdings' ROC (Joel Greenblatt) % compare to RHI and KFY?
According to the Business Services industry distribution chart, SingAsia Holdings ranks #287 out of 1079 companies for ROC (Joel Greenblatt) %. This puts SingAsia Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 22.09. SingAsia Holdings' value of 59.05% is 167.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 22.09, based on 1,079 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SingAsia Holdings's current ROC (Joel Greenblatt) % of 59.05% is 167.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on SingAsia Holdings and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 22.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SingAsia Holdings's current ROC (Joel Greenblatt) % is 59.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SingAsia Holdings stock overvalued right now?
Based on GuruFocus' analysis, SingAsia Holdings (HKSE:08293) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.03, compared to a current price of HK$0.10 — trading 233.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 59.05% and 167.3% above the Business Services industry median of 22.09. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For SingAsia Holdings (HKSE:08293), the current ROC (Joel Greenblatt) % is 59.05% as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
SingAsia Holdings Ltd provides specialised workforce solutions, offering manpower outsourcing and recruitment services in Singapore, and corporate development and training services in Hong Kong. The Group supports the hotel and resort, retail, food and beverage, and other sectors, including event organisers, facility management, and various industries across Singapore and Hong Kong. Revenue is generated from manpower outsourcing, recruitment, and corporate development and training services, with operations in both markets and maximum revenue from Singapore. The Group also acts as a one-stop workforce solutions provider, helping customers streamline operations through reliable staffing, HR support, and training services.
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