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Azeus Systems Holdings (SGX:BBW) ROC (Joel Greenblatt) % : 350.11% (As of Sep. 2024)


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What is Azeus Systems 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. Azeus Systems Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 350.11%.

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

SGX:BBW' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -201.92   Med: 246.06   Max: 1865.85
Current: 364.07

During the past 13 years, Azeus Systems Holdings's highest ROC (Joel Greenblatt) % was 1865.85%. The lowest was -201.92%. And the median was 246.06%.

SGX:BBW's ROC (Joel Greenblatt) % is ranked better than
91% of 2734 companies
in the Software industry
Industry Median: 17.75 vs SGX:BBW: 364.07

Azeus Systems Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.50% per year.


Azeus Systems Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Azeus Systems 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.

Azeus Systems Holdings ROC (Joel Greenblatt) % Chart

Azeus Systems Holdings 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 248.92 243.19 695.26 603.66 407.72

Azeus Systems Holdings Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 1,172.59 858.74 235.32 376.16 350.11

Competitive Comparison of Azeus Systems Holdings's ROC (Joel Greenblatt) %

For the Information Technology Services subindustry, Azeus Systems 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.


Azeus Systems Holdings's ROC (Joel Greenblatt) % Distribution in the Software Industry

For the Software industry and Technology sector, Azeus Systems Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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Azeus Systems 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: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.711 + 0.2 + 9.566) - (1.491 + 0 + 19.03)
=-2.044

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.332 + 0.299 + 0.102) - (3.566 + 0 + 16.777)
=-9.61

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Azeus Systems Holdings for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=18.048/( ( (5.499 + max(-2.044, 0)) + (4.811 + max(-9.61, 0)) )/ 2 )
=18.048/( ( 5.499 + 4.811 )/ 2 )
=18.048/5.155
=350.11 %

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


Azeus Systems Holdings  (SGX:BBW) 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.


Azeus Systems Holdings ROC (Joel Greenblatt) % Related Terms

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Azeus Systems Holdings Business Description

Traded in Other Exchanges
N/A
Address
979 Kings Road, 33rd Floor Cambridge House, Taikoo Place, Quarry Bay, Hong Kong, HKG
Azeus Systems Holdings Ltd is made up of a group of companies, which are mainly known as IT solutions providers. It is a company that operates mainly in Europe, Asia, the Middle East, Australia, North and South America, Africa, and the Caribbean. It operates through two segments, IT Services and Azeus Product. The IT Service segment includes designing and implementing a broad range of IT software and systems, as well as developing and integrating various software programmes of IT systems to fulfill the outsourcing needs of its customers. Its Product includes developing innovative technologies and solutions such as proprietary products known as AzeusCare an enterprise level social care management system, and Convene an award-winning Board Portal.