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Rex International Holding (SGX:5WH) ROC (Joel Greenblatt) % : 39.10% (As of Jun. 2024)


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What is Rex International Holding 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. Rex International Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 39.10%.

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

SGX:5WH' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -91.55   Med: -17.4   Max: 38.99
Current: -10.28

During the past 12 years, Rex International Holding's highest ROC (Joel Greenblatt) % was 38.99%. The lowest was -91.55%. And the median was -17.40%.

SGX:5WH's ROC (Joel Greenblatt) % is ranked worse than
77.78% of 1017 companies
in the Oil & Gas industry
Industry Median: 9.14 vs SGX:5WH: -10.28

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


Rex International Holding ROC (Joel Greenblatt) % Historical Data

The historical data trend for Rex International Holding'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.

Rex International Holding ROC (Joel Greenblatt) % Chart

Rex International Holding Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.89 -17.44 38.99 -2.66 -22.53

Rex International Holding Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 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 20.78 -25.06 13.74 -54.79 39.10

Competitive Comparison of Rex International Holding's ROC (Joel Greenblatt) %

For the Oil & Gas E&P subindustry, Rex International Holding'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.


Rex International Holding's ROC (Joel Greenblatt) % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Rex International Holding's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Rex International Holding 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)
=(83.139 + 44.322 + 0) - (5.228 + 0 + 117.176)
=5.057

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(73.215 + 50.258 + -0.0010000000000332) - (72.179 + 0 + 92.618)
=-41.325

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Rex International Holding 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 )
=128.23/( ( (315.309 + max(5.057, 0)) + (335.512 + max(-41.325, 0)) )/ 2 )
=128.23/( ( 320.366 + 335.512 )/ 2 )
=128.23/327.939
=39.10 %

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.


Rex International Holding  (SGX:5WH) 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.


Rex International Holding ROC (Joel Greenblatt) % Related Terms

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Rex International Holding Business Description

Traded in Other Exchanges
N/A
Address
1 George Street No. 14-01, Singapore, SGP, 049145
Rex International Holding Ltd is a Singapore-based oil exploration and production company. It operates through three business segments namely Oil and Gas, Non-Oil and Gas, and Corporate. The Oil and Gas segment is involved in oil and gas exploration and production with concessions located in Oman, and Norway. The Non-Oil and Gas segment relates to technology for commercial oil well stimulation. The Corporate segment covers the administration functions of the company. The majority of the company's revenue comes from the Oil and Gas segment.

Rex International Holding Headlines

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