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Visual International Holdings (JSE:VIS) ROC (Joel Greenblatt) % : -76.02% (As of Aug. 2024)


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What is Visual International 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. Visual International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was -76.02%.

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

JSE:VIS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -93781.82   Med: -1354.47   Max: 303320
Current: 313.7

During the past 11 years, Visual International Holdings's highest ROC (Joel Greenblatt) % was 303320.00%. The lowest was -93781.82%. And the median was -1354.47%.

JSE:VIS's ROC (Joel Greenblatt) % is ranked better than
87.32% of 1758 companies
in the Real Estate industry
Industry Median: 10.71 vs JSE:VIS: 313.70

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


Visual International Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Visual International 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.

Visual International Holdings ROC (Joel Greenblatt) % Chart

Visual International Holdings Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -40,012.07 -93,781.82 -71,871.43 -38,094.74 303,320.00

Visual International Holdings Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 -37,233.33 -29,157.89 -47,566.67 829,600.00 -76.02

Competitive Comparison of Visual International Holdings's ROC (Joel Greenblatt) %

For the Real Estate Services subindustry, Visual International 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.


Visual International Holdings's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

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

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


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Visual International 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: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.039 + 0 + 0.115) - (10.065 + 0 + 13.024)
=-22.935

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.211 + 0 + 0.001) - (18.509 + 0 + 7.307)
=-25.604

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Visual International Holdings for the quarter that ended in Aug. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Aug. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2024  Q: Aug. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5.102/( ( (0.003 + max(-22.935, 0)) + (13.42 + max(-25.604, 0)) )/ 2 )
=-5.102/( ( 0.003 + 13.42 )/ 2 )
=-5.102/6.7115
=-76.02 %

Note: The EBIT data used here is two times the semi-annual (Aug. 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.


Visual International Holdings  (JSE:VIS) 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.


Visual International Holdings ROC (Joel Greenblatt) % Related Terms

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Visual International Holdings Business Description

Traded in Other Exchanges
N/A
Address
23 Kleinplaas, Hohenhort Street, Stellenberg, Western Cape, ZAF, 7550
Visual International Holdings Ltd is a property development company. The activity of the group functions through three divisions namely Property Services, Property Investment, and Property Development. The Property Services segment is involved in the rendering of management, administration, and consulting services on development projects. The Property Investment segment is engaged in letting of residential properties held by the group, whereas the Property Development segment looks into the development of residential properties held by the group or sold to third parties. The group's revenue is derived from operations and property holdings in South Africa.