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Moiselle International Holdings (HKSE:00130) ROC (Joel Greenblatt) % : -5.86% (As of Sep. 2023)


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What is Moiselle International Holdings 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. Moiselle International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -5.86%.

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

HKSE:00130' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -32.62   Med: -6.21   Max: 7.11
Current: -11.23

During the past 13 years, Moiselle International Holdings's highest ROC (Joel Greenblatt) % was 7.11%. The lowest was -32.62%. And the median was -6.21%.

HKSE:00130's ROC (Joel Greenblatt) % is ranked worse than
87.43% of 1074 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.76 vs HKSE:00130: -11.23

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


Moiselle International Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Moiselle International Holdings'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.

Moiselle International Holdings ROC (Joel Greenblatt) % Chart

Moiselle International Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.50 -32.62 -3.33 -8.92 -11.88

Moiselle International Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 -11.47 -6.80 -7.76 -16.15 -5.86

Competitive Comparison of Moiselle International Holdings's ROC (Joel Greenblatt) %

For the Apparel Manufacturing subindustry, Moiselle International Holdings'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.


Moiselle International Holdings's ROC (Joel Greenblatt) % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Moiselle International Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Moiselle International Holdings 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(30.726 + 22.34 + -1.4210854715202E-14) - (24.446 + 0 + 0)
=28.62

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(30.764 + 23.908 + 0) - (27.903 + 0 + 0)
=26.769

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Moiselle International Holdings for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-21.07/( ( (347.451 + max(28.62, 0)) + (315.744 + max(26.769, 0)) )/ 2 )
=-21.07/( ( 376.071 + 342.513 )/ 2 )
=-21.07/359.292
=-5.86 %

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) 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.


Moiselle International Holdings  (HKSE:00130) 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.


Moiselle International Holdings ROC (Joel Greenblatt) % Related Terms

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


Moiselle International Holdings (HKSE:00130) Business Description

Traded in Other Exchanges
N/A
Address
39 Healthy Street East, Units 1-5, 11th Floor, Kodak House 2, North Point, Hong Kong, HKG
Moiselle International Holdings Ltd is the manufacturer and retailer of apparels and accessories. Principally it is engaged in the design, manufacture, retail and wholesale of fashion apparel and accessories. The company operates its business through two geographical segments. Hong Kong operation segment represents the sales of house brands and imported brands in Hong Kong. The Outside Hong Kong operation segment comprises the manufacture of house brands in Mainland China and sales of house brands and imported brands in Mainland China, Macau, Taiwan, and Singapore. Its in-house brands include MOISELLE, m.d.m.s. and GERMAIN and international brands such as LANCASTER, COCCINELLE, and SEQUOIA. Geographically, it derives a majority of revenue from Hong Kong.
Executives
Chan Yum Kit 2103 Interests held jointly with another person
Tsui How Kiu, Shirley 2103 Interests held jointly with another person

Moiselle International Holdings (HKSE:00130) Headlines

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