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ZJYL (Jin Medical International) ROC (Joel Greenblatt) % : 31.68% (As of Mar. 2024)


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What is Jin Medical International 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. Jin Medical International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 31.68%.

The historical rank and industry rank for Jin Medical International's ROC (Joel Greenblatt) % or its related term are showing as below:

ZJYL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 25.02   Med: 30.58   Max: 39.8
Current: 31.94

During the past 4 years, Jin Medical International's highest ROC (Joel Greenblatt) % was 39.80%. The lowest was 25.02%. And the median was 30.58%.

ZJYL's ROC (Joel Greenblatt) % is ranked better than
82.26% of 851 companies
in the Medical Devices & Instruments industry
Industry Median: -1.44 vs ZJYL: 31.94

Jin Medical International's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Jin Medical International ROC (Joel Greenblatt) % Historical Data

The historical data trend for Jin Medical International'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.

Jin Medical International ROC (Joel Greenblatt) % Chart

Jin Medical International Annual Data
Trend Sep20 Sep21 Sep22 Sep23
ROC (Joel Greenblatt) %
25.02 31.57 29.58 39.80

Jin Medical International Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial 26.55 27.69 50.92 33.36 31.68

Competitive Comparison of Jin Medical International's ROC (Joel Greenblatt) %

For the Medical Instruments & Supplies subindustry, Jin Medical International'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.


Jin Medical International's ROC (Joel Greenblatt) % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Jin Medical International's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Jin Medical International's ROC (Joel Greenblatt) % falls into.



Jin Medical International 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.231 + 5.053 + 0.864) - (3.982 + 0.829 + -1.7763568394003E-15)
=5.337

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.381 + 4.541 + 2.108) - (4.378 + 0.679 + 0)
=6.973

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Jin Medical International 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: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2.458/( ( (1.481 + max(5.337, 0)) + (1.727 + max(6.973, 0)) )/ 2 )
=2.458/( ( 6.818 + 8.7 )/ 2 )
=2.458/7.759
=31.68 %

Note: The EBIT data used here is two times the semi-annual (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.


Jin Medical International  (NAS:ZJYL) 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.


Jin Medical International ROC (Joel Greenblatt) % Related Terms

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Jin Medical International Business Description

Traded in Other Exchanges
N/A
Address
No. 33 Lingxiang Road,, Wujin District, Jiangsu Province, Changzhou City, CHN, KY1-1205
Website
Jin Medical International Ltd offers rehabilitation equipment. It is primarily engaged in the design, development, manufacturing, and sales of wheelchair and other living aids products to be used by people with disabilities or impaired mobility. The Company's products are sold to distributors in both China and in overseas markets. Its product offerings comprise Wheelechaire serirs, Bath products, oxygen machines, nursing products, and conlo products.

Jin Medical International Headlines

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