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Quara Finance Co (SAU:9596) ROC (Joel Greenblatt) % : 1,623.62% (As of Dec. 2024)


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What is Quara Finance Co 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. Quara Finance Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 1,623.62%.

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

SAU:9596' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 867.9   Med: 889.31   Max: 927.27
Current: 927.27

During the past 2 years, Quara Finance Co's highest ROC (Joel Greenblatt) % was 927.27%. The lowest was 867.90%. And the median was 889.31%.

SAU:9596's ROC (Joel Greenblatt) % is ranked better than
87.08% of 387 companies
in the Credit Services industry
Industry Median: 49.61 vs SAU:9596: 927.27

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


Quara Finance Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Quara Finance Co'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.

Quara Finance Co ROC (Joel Greenblatt) % Chart

Quara Finance Co Annual Data
Trend Dec23 Dec24
ROC (Joel Greenblatt) %
867.90 910.72

Quara Finance Co Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial 486.14 816.28 837.69 577.34 1,623.62

Competitive Comparison of Quara Finance Co's ROC (Joel Greenblatt) %

For the Credit Services subindustry, Quara Finance Co'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.


Quara Finance Co's ROC (Joel Greenblatt) % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Quara Finance Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Quara Finance Co's ROC (Joel Greenblatt) % falls into.


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Quara Finance Co 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 1.643) - (0 + 0 + 24.491)
=-22.848

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 3.2640000000001) - (11.758 + 0 + 20.914)
=-29.408

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Quara Finance Co for the quarter that ended in Dec. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=75.352/( ( (4.967 + max(-22.848, 0)) + (4.315 + max(-29.408, 0)) )/ 2 )
=75.352/( ( 4.967 + 4.315 )/ 2 )
=75.352/4.641
=1,623.62 %

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


Quara Finance Co  (SAU:9596) 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.


Quara Finance Co ROC (Joel Greenblatt) % Related Terms

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Quara Finance Co Business Description

Traded in Other Exchanges
N/A
Address
8246, King Abdulaziz Road, Unit Number 15, Al – Wizarat District, Riyadh, SAU, 12622-3797
Quara Finance Co is a company engaged in providing finance lease, consumer finance, and small and medium enterprise finance in the Kingdom of Saudi Arabia. The company's operations are in the Kingdom of Saudi Arabia and it provides financing to Saudi and resident individuals from government and private sectors and to SMEs. Its reportable segments are; Retail (Personal financing) segment which includes personal financing provided to retail clients; and the SME financing segment includes financing provided to small and medium enterprises. It generates a majority of its income from the Retail segment.

Quara Finance Co Headlines

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