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Leader Hill (Leader Hill) ROC (Joel Greenblatt) % : -1,400.00% (As of Aug. 2022)


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What is Leader Hill 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. Leader Hill's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2022 was -1,400.00%.

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

LHIL's ROC (Joel Greenblatt) % is not ranked *
in the Business Services industry.
Industry Median: 21.1
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Leader Hill ROC (Joel Greenblatt) % Historical Data

The historical data trend for Leader Hill'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.

Leader Hill ROC (Joel Greenblatt) % Chart

Leader Hill Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21
ROC (Joel Greenblatt) %
-900.00 -1,500.00 -1,100.00 -2,666.67 -3,400.00

Leader Hill Quarterly Data
Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22
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 -1,200.00 -8,400.00 - - -1,400.00

Competitive Comparison of Leader Hill's ROC (Joel Greenblatt) %

For the Specialty Business Services subindustry, Leader Hill'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.


Leader Hill's ROC (Joel Greenblatt) % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Leader Hill's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Leader Hill's ROC (Joel Greenblatt) % falls into.



Leader Hill 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: May. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.048 + 0 + 0)
=-0.048

Working Capital(Q: Aug. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.001 + 0 + 0) - (0.058 + 0 + 0)
=-0.057

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Leader Hill for the quarter that ended in Aug. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Aug. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: May. 2022  Q: Aug. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.028/( ( (0 + max(-0.048, 0)) + (0.002 + max(-0.057, 0)) )/ 1 )
=-0.028/( ( 0 + 0.002 )/ 1 )
=-0.028/0.002
=-1,400.00 %

Note: The EBIT data used here is four times the quarterly (Aug. 2022) 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.


Leader Hill  (OTCPK:LHIL) 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.


Leader Hill ROC (Joel Greenblatt) % Related Terms

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Leader Hill (Leader Hill) Business Description

Traded in Other Exchanges
N/A
Address
Room 0701, Unit 2, Building 11, Shui’an Xindu, Coastal Industrial Base, Liaoning Province, Yingkou, CHN, 115000
Leader Hill Corp operates in the industry of business consulting that intends to assist start-up to mid-size companies in the East Asia region, with a focus on mainland China and Hong Kong. Its core services are divided into four categories: company formation, corporate secretarial and administration, accounting and bookkeeping, and general business consulting services.

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