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Sailun Group Co (SHSE:601058) ROC (Joel Greenblatt) % : 32.83% (As of Mar. 2024)


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What is Sailun Group 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. Sailun Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 32.83%.

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

SHSE:601058' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.19   Med: 14.85   Max: 30.94
Current: 30.94

During the past 13 years, Sailun Group Co's highest ROC (Joel Greenblatt) % was 30.94%. The lowest was 8.19%. And the median was 14.85%.

SHSE:601058's ROC (Joel Greenblatt) % is ranked better than
83.14% of 1305 companies
in the Vehicles & Parts industry
Industry Median: 12.72 vs SHSE:601058: 30.94

Sailun Group Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.90% per year.


Sailun Group Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Sailun Group 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.

Sailun Group Co ROC (Joel Greenblatt) % Chart

Sailun Group 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 22.63 25.42 16.55 15.22 26.98

Sailun Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 12.84 24.09 32.46 35.18 32.83

Competitive Comparison of Sailun Group Co's ROC (Joel Greenblatt) %

For the Auto Parts subindustry, Sailun Group 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.


Sailun Group Co's ROC (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sailun Group Co's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Sailun Group 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3376.48 + 4941.714 + 736.706) - (8576.107 + 0 + 387.146)
=91.647000000001

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4096.455 + 5403.241 + 660.472) - (8001.728 + 0 + 368.856)
=1789.584

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Sailun Group Co 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: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5054.176/( ( (14332.837 + max(91.647000000001, 0)) + (14574.309 + max(1789.584, 0)) )/ 2 )
=5054.176/( ( 14424.484 + 16363.893 )/ 2 )
=5054.176/15394.1885
=32.83 %

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


Sailun Group Co  (SHSE:601058) 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.


Sailun Group Co ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Sailun Group Co's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Sailun Group Co (SHSE:601058) Business Description

Traded in Other Exchanges
N/A
Address
No.43, Rubber Valley, Zhengzhou Road, Building B, Shibei District, Shandong, Qingdao, CHN, 266045
Sailun Group Co Ltd is a Chinese company engaged in the research, development, and manufacturing of radial tires and its related manufacturing technology such as management and control network system and computer systems in China. It offers passenger car tires, card passenger tires, and special tires. The company provides tires in the car series, SUV series, racing series, truck tire series, bus tire series, agricultural tires, among others. Its products are sold in China and other countries.
Executives
Yuan Zhong Xue Director
Zhou Ru Gang senior management
Zhou Tian Ming senior management
Zhou Bo senior management
Zhu Xiao Bing senior management
Zhou Sheng Yun senior management
Zhang Bi Shu Director
Wang Jian Ye Directors, senior managers
Liu Yan Hua senior management
Xie Xiao Hong senior management
Song Jun Directors, senior managers
Yan Wan Hua Director
Du Yu Dai Director

Sailun Group Co (SHSE:601058) Headlines

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