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PropNex (SGX:OYY) ROC (Joel Greenblatt) % : 0.00% (As of Dec. 2023)


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What is PropNex 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. PropNex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.

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

SGX:OYY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 441.83   Med: 1161.55   Max: 1816.3
Current: 733.65

During the past 9 years, PropNex's highest ROC (Joel Greenblatt) % was 1816.30%. The lowest was 441.83%. And the median was 1161.55%.

SGX:OYY's ROC (Joel Greenblatt) % is ranked better than
92.41% of 1778 companies
in the Real Estate industry
Industry Median: 9.935 vs SGX:OYY: 733.65

PropNex's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 13.30% per year.


PropNex ROC (Joel Greenblatt) % Historical Data

The historical data trend for PropNex'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.

PropNex ROC (Joel Greenblatt) % Chart

PropNex Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only 441.83 504.12 1,475.53 1,398.94 1,127.56

PropNex Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Dec23
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 1,618.68 1,179.75 1,355.55 - -

Competitive Comparison of PropNex's ROC (Joel Greenblatt) %

For the Real Estate Services subindustry, PropNex'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.


PropNex's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PropNex's ROC (Joel Greenblatt) % distribution charts can be found below:

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



PropNex 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: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(148.733 + 0 + 3.057) - (179.036 + 0 + 1.676)
=-28.922

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(184.631 + 0 + 0.50799999999998) - (209.352 + 0 + 4.34)
=-28.553

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PropNex for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (5.317 + max(-28.922, 0)) + (4.166 + max(-28.553, 0)) )/ 2 )
=0/( ( 5.317 + 4.166 )/ 2 )
=0/4.7415
=0.00 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.


PropNex  (SGX:OYY) 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.


PropNex ROC (Joel Greenblatt) % Related Terms

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PropNex (SGX:OYY) Business Description

Industry
Traded in Other Exchanges
N/A
Address
480 Lorong 6 Toa Payoh, HDB HUB East Wing No. 10-01, Singapore, SGP, 310480
PropNex Ltd is a real estate service provider that offers real estate brokerage services for residential corporate leasing, luxury properties, commercial & industrial properties. It operates in the following segments: Agency services which derive majority revenue engaging in the sale and lease of public and private residential and commercial/industrial properties; Project marketing services include services rendered in the sale of new private residential development projects for third-party property developers; Administrative support services related to use of space and other ancillary services; Property management services consist of real estate management services rendered to private residential properties: and Training services include real estate related courses and training programs.

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