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SURRF (Sun Art Retail Group) ROC (Joel Greenblatt) % : 6.72% (As of Sep. 2024)


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What is Sun Art Retail Group 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 Art Retail Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.72%.

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

SURRF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.45   Med: 13.86   Max: 18.9
Current: -2.01

During the past 13 years, Sun Art Retail Group's highest ROC (Joel Greenblatt) % was 18.90%. The lowest was -5.45%. And the median was 13.86%.

SURRF's ROC (Joel Greenblatt) % is ranked worse than
75.92% of 1109 companies
in the Retail - Cyclical industry
Industry Median: 10.58 vs SURRF: -2.01

Sun Art Retail Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Sun Art Retail Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for Sun Art Retail Group'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 Art Retail Group ROC (Joel Greenblatt) % Chart

Sun Art Retail Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.32 16.18 0.07 5.72 -5.46

Sun Art Retail Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 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 4.34 6.47 0.18 -10.53 6.72

Competitive Comparison of Sun Art Retail Group's ROC (Joel Greenblatt) %

For the Department Stores subindustry, Sun Art Retail Group'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 Art Retail Group's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sun Art Retail Group's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Sun Art Retail Group's ROC (Joel Greenblatt) % falls into.



Sun Art Retail Group 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)
=(82.761 + 1067.972 + 702.354) - (1651.184 + 0 + 2524.752)
=-2322.849

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(263.85 + 1139.768 + 998.446) - (1821.085 + 0 + 2469.05)
=-1888.071

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Sun Art Retail Group 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 )
=175.522/( ( (2392.557 + max(-2322.849, 0)) + (2834.652 + max(-1888.071, 0)) )/ 2 )
=175.522/( ( 2392.557 + 2834.652 )/ 2 )
=175.522/2613.6045
=6.72 %

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.


Sun Art Retail Group  (OTCPK:SURRF) 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 Art Retail Group ROC (Joel Greenblatt) % Related Terms

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Sun Art Retail Group Business Description

Traded in Other Exchanges
Address
No. 255, Jiangchang Xi Road, Jingan District, Shanghai, CHN, 200436
Sun Art Retail Group Ltd is engaged in the operation of brick-and-mortar stores and online sales channels in the People's Republic of China. It operates its business with hypermarkets, superstores, and membership stores under RT-Mart, RT-Super, and M-Club and generates revenue from the sales of goods to customers, membership fees, and rental from leasing areas in the hypermarket buildings. Geographically, the company generates all of its revenue from the People's Republic of China.