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Zhuhai Zhongfu Enterprise Co (SZSE:000659) ROC (Joel Greenblatt) % : 3.03% (As of Sep. 2024)


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What is Zhuhai Zhongfu Enterprise 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. Zhuhai Zhongfu Enterprise Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.03%.

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

SZSE:000659' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -25.85   Med: 7.64   Max: 17.31
Current: -2.15

During the past 13 years, Zhuhai Zhongfu Enterprise Co's highest ROC (Joel Greenblatt) % was 17.31%. The lowest was -25.85%. And the median was 7.64%.

SZSE:000659's ROC (Joel Greenblatt) % is ranked worse than
86.32% of 402 companies
in the Packaging & Containers industry
Industry Median: 9.56 vs SZSE:000659: -2.15

Zhuhai Zhongfu Enterprise Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Zhuhai Zhongfu Enterprise Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Zhuhai Zhongfu Enterprise 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.

Zhuhai Zhongfu Enterprise Co ROC (Joel Greenblatt) % Chart

Zhuhai Zhongfu Enterprise 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 13.14 -3.67 13.04 -5.98 5.93

Zhuhai Zhongfu Enterprise 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 3.92 -28.07 6.08 10.17 3.03

Competitive Comparison of Zhuhai Zhongfu Enterprise Co's ROC (Joel Greenblatt) %

For the Packaging & Containers subindustry, Zhuhai Zhongfu Enterprise 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.


Zhuhai Zhongfu Enterprise Co's ROC (Joel Greenblatt) % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zhuhai Zhongfu Enterprise Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Zhuhai Zhongfu Enterprise Co's ROC (Joel Greenblatt) % falls into.



Zhuhai Zhongfu Enterprise 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)
=(193.327 + 102.678 + 70.162) - (632.844 + 0 + 15.184)
=-281.861

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(165.182 + 97.077 + 59.831) - (634.965 + 0 + 26.758)
=-339.633

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Zhuhai Zhongfu Enterprise 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 )
=29.832/( ( (993.118 + max(-281.861, 0)) + (975.912 + max(-339.633, 0)) )/ 2 )
=29.832/( ( 993.118 + 975.912 )/ 2 )
=29.832/984.515
=3.03 %

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.


Zhuhai Zhongfu Enterprise Co  (SZSE:000659) 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.


Zhuhai Zhongfu Enterprise Co ROC (Joel Greenblatt) % Related Terms

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Zhuhai Zhongfu Enterprise Co Business Description

Traded in Other Exchanges
N/A
Address
No.1, Bonded Area, No. 201, No. 3 Building, Guangdong Province, Zhuhai, CHN, 519030
Zhuhai Zhongfu Enterprise Co Ltd operates in China's beverage packaging industry. It is engaged in the business of producing bottles in China. The company's product portfolio includes carbonated soft drinks, PET bottles for drinking water and beer packaging, PET preforms, PVC/OPP labels, heat shrinkable plastic films, caps, cartons, and OEM services.
Executives
Chen Xian Pei Director
Wang Yu Ling Directors, executives
Li Dong Mei Supervisors
Lu Huan Cheng Directors, executives
Zhou Mao Zai Directors, executives
Zhang Yuan Jian Supervisors

Zhuhai Zhongfu Enterprise Co Headlines

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