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Fujian Boss Software (SZSE:300525) ROC (Joel Greenblatt) % : 19.88% (As of Sep. 2024)


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What is Fujian Boss Software 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. Fujian Boss Software's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 19.88%.

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

SZSE:300525' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 29.69   Med: 47.37   Max: 73.89
Current: 31.43

During the past 13 years, Fujian Boss Software's highest ROC (Joel Greenblatt) % was 73.89%. The lowest was 29.69%. And the median was 47.37%.

SZSE:300525's ROC (Joel Greenblatt) % is ranked better than
56.25% of 2768 companies
in the Software industry
Industry Median: 17.635 vs SZSE:300525: 31.43

Fujian Boss Software's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -7.50% per year.


Fujian Boss Software ROC (Joel Greenblatt) % Historical Data

The historical data trend for Fujian Boss Software'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.

Fujian Boss Software ROC (Joel Greenblatt) % Chart

Fujian Boss Software 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 49.23 56.19 72.09 47.98 41.32

Fujian Boss Software 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 27.57 140.06 -25.90 4.35 19.88

Competitive Comparison of Fujian Boss Software's ROC (Joel Greenblatt) %

For the Software - Application subindustry, Fujian Boss Software'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.


Fujian Boss Software's ROC (Joel Greenblatt) % Distribution in the Software Industry

For the Software industry and Technology sector, Fujian Boss Software's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Fujian Boss Software's ROC (Joel Greenblatt) % falls into.


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Fujian Boss Software 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)
=(1011.882 + 162.321 + 47.091) - (376.369 + 0 + 166.336)
=678.589

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1135.86 + 178.95 + 46.002) - (460.925 + 0 + 164.265)
=735.622

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Fujian Boss Software 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 )
=289.172/( ( (741.418 + max(678.589, 0)) + (753.78 + max(735.622, 0)) )/ 2 )
=289.172/( ( 1420.007 + 1489.402 )/ 2 )
=289.172/1454.7045
=19.88 %

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.


Fujian Boss Software  (SZSE:300525) 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.


Fujian Boss Software ROC (Joel Greenblatt) % Related Terms

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Fujian Boss Software Business Description

Traded in Other Exchanges
N/A
Address
5th Avenue Booz Software Development Center, Haixi High-Tech Industrial Park, Fujian Province, Fuzhou, CHN, 350001
Fujian Boss Software Corp formerly known as Fujian Boss Software Development Co Ltd provides software products and services in China. The company offers financial notes and non-tax collection management products, including non-tax revenue collection management platform, financial notes electronic management systems, government procurement platform, departmental budget management software, departmental accounts reporting software, asset management platform, financial integration system.
Executives
Ye Zhang Ming Directors, executives
Mao Shi Min Supervisors
Xiao Yong Directors, executives
Zheng Sheng Wei Executives
Yu Shuang Xing Executives
Lin Chu Ke Directors, executives
Zhang Qi Executives
Wang Su Zhen Supervisors
Liu Shao Hua Directors, executives
Lin Hong Secretary Dong
Chen Jing Supervisors
Liu Chun Xian Securities Affairs Representative
Chen Hang Director

Fujian Boss Software Headlines

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