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Amcorp Global (SGX:S9B) ROC (Joel Greenblatt) % : 2.24% (As of Sep. 2023)


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What is Amcorp Global 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. Amcorp Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 2.24%.

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

SGX:S9B' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.33   Med: 5.61   Max: 12.3
Current: 11.32

During the past 11 years, Amcorp Global's highest ROC (Joel Greenblatt) % was 12.30%. The lowest was -7.33%. And the median was 5.61%.

SGX:S9B's ROC (Joel Greenblatt) % is ranked better than
51.91% of 1784 companies
in the Real Estate industry
Industry Median: 10.375 vs SGX:S9B: 11.32

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


Amcorp Global ROC (Joel Greenblatt) % Historical Data

The historical data trend for Amcorp Global'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.

Amcorp Global ROC (Joel Greenblatt) % Chart

Amcorp Global Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 Mar21 Mar22 Mar23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.94 -7.33 0.08 -5.08 7.11

Amcorp Global Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 -2.91 -7.39 -0.98 18.61 2.24

Competitive Comparison of Amcorp Global's ROC (Joel Greenblatt) %

For the Real Estate - Development subindustry, Amcorp Global'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.


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

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

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



Amcorp Global 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.779 + 94.098 + 11.013) - (18.143 + 0 + 3.224)
=85.523

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.814 + 78.288 + 6.406) - (7.472 + 0 + 7.406)
=73.63

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.796/( ( (0.737 + max(85.523, 0)) + (0.653 + max(73.63, 0)) )/ 2 )
=1.796/( ( 86.26 + 74.283 )/ 2 )
=1.796/80.2715
=2.24 %

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


Amcorp Global  (SGX:S9B) 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.


Amcorp Global ROC (Joel Greenblatt) % Related Terms

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Amcorp Global (SGX:S9B) Business Description

Traded in Other Exchanges
N/A
Address
11 Sam Leong Road No 03-06, Singapore, SGP, 207903
Amcorp Global Ltd is a real estate development company. The company is engaged in the business of engineering, real estate, and infrastructure. It owns residential, commercial, and industrial projects in Singapore. The group is organised into business units based on its products and services and has two reportable operating segments - Property development and Hotel operations. The majority of the revenue is generated from the property development segments which is engaged in the development and sale of properties. Its geographical segments include Singapore, New Zealand, Australia, Vietnam, and Malaysia, out of which most of its revenue comes from Singapore.

Amcorp Global (SGX:S9B) Headlines

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