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Reach New Holdings (HKSE:08471) ROC (Joel Greenblatt) % : 0.00% (As of Jun. 2024)


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What is Reach New 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. Reach New Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 0.00%.

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

HKSE:08471' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -262.13   Med: -11.14   Max: 62.72
Current: -198.14

During the past 9 years, Reach New Holdings's highest ROC (Joel Greenblatt) % was 62.72%. The lowest was -262.13%. And the median was -11.14%.

HKSE:08471's ROC (Joel Greenblatt) % is ranked worse than
97.74% of 1062 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.585 vs HKSE:08471: -198.14

Reach New Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -63.20% per year.


Reach New Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Reach New 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.

Reach New Holdings ROC (Joel Greenblatt) % Chart

Reach New Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only -17.64 -55.68 -4.28 -35.24 -262.13

Reach New Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24
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 -62.94 20.01 -82.94 -1,430.61 -

Competitive Comparison of Reach New Holdings's ROC (Joel Greenblatt) %

For the Textile Manufacturing subindustry, Reach New 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.


Reach New Holdings's ROC (Joel Greenblatt) % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Reach New Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Reach New 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.998 + 2.381 + 1.124) - (7.588 + 0 + 4.779)
=5.136

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21.855 + 2.782 + 7.105427357601E-15) - (14.805 + 0 + 0)
=9.832

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Reach New Holdings 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 )
=0/( ( (0 + max(5.136, 0)) + (2.575 + max(9.832, 0)) )/ 2 )
=0/( ( 5.136 + 12.407 )/ 2 )
=0/8.7715
=0.00 %

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


Reach New Holdings  (HKSE:08471) 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.


Reach New Holdings ROC (Joel Greenblatt) % Related Terms

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Reach New Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 6 Taihao Road, Sun Tin Lun Industrial Centre, Sandong Digital Industrial Park, Sandong Town, Guangdong Province, Huizhou, CHN
Reach New Holdings Ltd is a labelling solution provider and a one-stop garment accessories manufacturer and supplier based in China. The company is mainly engaged in the production of three types of products, which are Printed products such as hangtags, price tags and stickers; Woven labels such as woven brand labels, woven size labels and badges; and Printed labels such as printed brand labels, printed size labels and care content labels. The group's operations are located in the PRC.
Executives
Sha Xuanyi
Li Rongsheng
Lam Cheung Chuen
Neo Concept Holdings Limited 2101 Beneficial owner
Wong Ching Yuk 2202 Interest of your spouse

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