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Ban Leong Technologies (SGX:B26) ROC (Joel Greenblatt) % : 43.12% (As of Mar. 2024)


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What is Ban Leong Technologies 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. Ban Leong Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 43.12%.

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

SGX:B26' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.93   Med: 31.11   Max: 378.03
Current: 32.88

During the past 13 years, Ban Leong Technologies's highest ROC (Joel Greenblatt) % was 378.03%. The lowest was 14.93%. And the median was 31.11%.

SGX:B26's ROC (Joel Greenblatt) % is ranked better than
80.75% of 2442 companies
in the Hardware industry
Industry Median: 10.26 vs SGX:B26: 32.88

Ban Leong Technologies's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 17.80% per year.


Ban Leong Technologies ROC (Joel Greenblatt) % Historical Data

The historical data trend for Ban Leong Technologies'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.

Ban Leong Technologies ROC (Joel Greenblatt) % Chart

Ban Leong Technologies Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.15 70.05 378.03 55.98 31.58

Ban Leong Technologies Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 90.07 32.37 29.17 22.82 43.12

Competitive Comparison of Ban Leong Technologies's ROC (Joel Greenblatt) %

For the Electronics & Computer Distribution subindustry, Ban Leong Technologies'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.


Ban Leong Technologies's ROC (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ban Leong Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Ban Leong Technologies's ROC (Joel Greenblatt) % falls into.


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Ban Leong Technologies 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(24.105 + 30.499 + 0.091999999999999) - (32.256 + 0 + 0)
=22.44

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.159 + 31.208 + 0.25) - (26.497 + 0 + 2.98)
=25.14

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Ban Leong Technologies for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=11.49/( ( (1.124 + max(22.44, 0)) + (4.594 + max(25.14, 0)) )/ 2 )
=11.49/( ( 23.564 + 29.734 )/ 2 )
=11.49/26.649
=43.12 %

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


Ban Leong Technologies  (SGX:B26) 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.


Ban Leong Technologies ROC (Joel Greenblatt) % Related Terms

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Ban Leong Technologies Business Description

Traded in Other Exchanges
N/A
Address
150 Ubi Avenue 4, Ubi Biz-Hub, No. 04-01, Singapore, SGP, 408825
Ban Leong Technologies Ltd engages in the wholesale and distribution of computer peripherals, accessories, and other multimedia products in Singapore and internationally. It operates through three segments: Multimedia, Data storage, and IT accessories. The Multimedia segment which accounts for the majority of revenue offers audio and visual products, such as speakers, LCD monitors, graphics cards, MP3 players, and sound cards. The Data Storage segment provides storage of data, such as tape storage, HDD cases, Blu-ray and DVD-Roms. The IT accessories segment offers PC-related accessories, including mice, keyboards, and networking products, such as switches, routers, and wireless cards. MAjority of the firm's revenue comes from Singapore.

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