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Sun-Create Electronics Co (SHSE:600990) ROC (Joel Greenblatt) % : 1.73% (As of Sep. 2024)


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What is Sun-Create Electronics Co 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. Sun-Create Electronics Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 1.73%.

The historical rank and industry rank for Sun-Create Electronics Co's ROC (Joel Greenblatt) % or its related term are showing as below:

SHSE:600990' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.77   Med: 29.2   Max: 108.13
Current: -16.6

During the past 13 years, Sun-Create Electronics Co's highest ROC (Joel Greenblatt) % was 108.13%. The lowest was -19.77%. And the median was 29.20%.

SHSE:600990's ROC (Joel Greenblatt) % is ranked worse than
81.15% of 2446 companies
in the Hardware industry
Industry Median: 10.465 vs SHSE:600990: -16.60

Sun-Create Electronics Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Sun-Create Electronics Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Sun-Create Electronics Co'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.

Sun-Create Electronics Co ROC (Joel Greenblatt) % Chart

Sun-Create Electronics Co 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 15.25 14.77 15.23 7.04 -19.77

Sun-Create Electronics Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 -4.57 -64.64 0.93 -4.69 1.73

Competitive Comparison of Sun-Create Electronics Co's ROC (Joel Greenblatt) %

For the Communication Equipment subindustry, Sun-Create Electronics Co'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.


Sun-Create Electronics Co's ROC (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sun-Create Electronics Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Sun-Create Electronics Co's ROC (Joel Greenblatt) % falls into.


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Sun-Create Electronics Co 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2122.574 + 1441.265 + 167.472) - (1993.076 + 0 + 184.431)
=1553.804

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2186.269 + 1435.701 + 149.438) - (2040.164 + 0 + 154.125)
=1577.119

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Sun-Create Electronics Co 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: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=44.708/( ( (1021.516 + max(1553.804, 0)) + (1003.76 + max(1577.119, 0)) )/ 2 )
=44.708/( ( 2575.32 + 2580.879 )/ 2 )
=44.708/2578.0995
=1.73 %

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


Sun-Create Electronics Co  (SHSE:600990) 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.


Sun-Create Electronics Co ROC (Joel Greenblatt) % Related Terms

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Sun-Create Electronics Co Business Description

Traded in Other Exchanges
N/A
Address
No. 3366, Xiyou Road, High-tech Industrial Development Zone, Anhui Province, Hefei, CHN, 230088
Sun-Create Electronics Co Ltd is engaged in military-civilian integration radar industry, smart industry, energy industry. The company designs, produces, installs and sells satellite TV broadcast ground receiving equipment; service of complete radar and its supporting products, integrated circuits, radio and television and microwave communication products, electronic system engineering and its products ; Cable TV engineering design and installation.
Executives
Han Yao Qing senior management
Wang Xiang Xin senior management
Ren Xiao Wei Directors, senior managers
Wang Jian senior management
Chen Xiao Hui senior management
Pan Jie senior management
Yu Xiao Qiang senior management
Zhang Xiao Qi Director
Zhou Shi Xing senior management
Lin Liang senior management
Wang Jing Yu senior management

Sun-Create Electronics Co Headlines

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