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Luminor Financial Holdings (SGX:5UA) ROC (Joel Greenblatt) % : 141.34% (As of Jun. 2024)


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What is Luminor Financial 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. Luminor Financial Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 141.34%.

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

SGX:5UA' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -25.22   Med: 27.96   Max: 690.86
Current: 174.98

During the past 13 years, Luminor Financial Holdings's highest ROC (Joel Greenblatt) % was 690.86%. The lowest was -25.22%. And the median was 27.96%.

SGX:5UA's ROC (Joel Greenblatt) % is ranked better than
64.27% of 389 companies
in the Credit Services industry
Industry Median: 52.65 vs SGX:5UA: 174.98

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


Luminor Financial Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Luminor Financial 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.

Luminor Financial Holdings ROC (Joel Greenblatt) % Chart

Luminor Financial Holdings Annual Data
Trend Sep14 Sep15 Jun16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.96 -25.22 2.36 690.86 209.03

Luminor Financial Holdings Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 3,267.04 18.09 245.58 199.30 141.34

Competitive Comparison of Luminor Financial Holdings's ROC (Joel Greenblatt) %

For the Credit Services subindustry, Luminor Financial 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.


Luminor Financial Holdings's ROC (Joel Greenblatt) % Distribution in the Credit Services Industry

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

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



Luminor Financial 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)
=(2.533 + 4.459 + 0.964) - (15.191 + 0 + 1.463)
=-8.698

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.148 + 4.342 + 1.087) - (15.386 + 0 + 1.156)
=-5.965

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Luminor Financial 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 )
=1.788/( ( (1.37 + max(-8.698, 0)) + (1.16 + max(-5.965, 0)) )/ 2 )
=1.788/( ( 1.37 + 1.16 )/ 2 )
=1.788/1.265
=141.34 %

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


Luminor Financial Holdings  (SGX:5UA) 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.


Luminor Financial Holdings ROC (Joel Greenblatt) % Related Terms

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Luminor Financial Holdings Business Description

Traded in Other Exchanges
N/A
Address
30 Cecil Street, No. 10-01 / 02, Prudential Tower, Singapore, SGP, 049712
Luminor Financial Holdings Ltd is an investment holding company. The company operates in two segments: Property segment, which is into the development of residential, commercial, and other properties and leasing of properties, held for sale to generate rental income; and the Financial Solutions segment provides covers interest income and fees from the financial solutions business in Malaysia. The majority of its revenue comes from the Financial Solutions. The company's geographical segments are Singapore, Malaysia, and China.

Luminor Financial Holdings Headlines

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