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SingAsia Holdings (HKSE:08293) ROC (Joel Greenblatt) % : -2,406.84% (As of Jan. 2024)


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What is SingAsia 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. SingAsia Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -2,406.84%.

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

HKSE:08293' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -188.82   Med: -70.02   Max: 191.74
Current: 10.46

During the past 10 years, SingAsia Holdings's highest ROC (Joel Greenblatt) % was 191.74%. The lowest was -188.82%. And the median was -70.02%.

HKSE:08293's ROC (Joel Greenblatt) % is ranked worse than
62.98% of 1059 companies
in the Business Services industry
Industry Median: 21.56 vs HKSE:08293: 10.46

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


SingAsia Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for SingAsia 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.

SingAsia Holdings ROC (Joel Greenblatt) % Chart

SingAsia Holdings Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -188.82 -67.38 -152.81 -165.52 92.86

SingAsia Holdings Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 2.88 -5.39 915.47 65.47 -2,406.84

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

For the Staffing & Employment Services subindustry, SingAsia 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.


SingAsia Holdings's ROC (Joel Greenblatt) % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SingAsia Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



SingAsia 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: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.3 + 0 + -0.0060000000000002) - (3.586 + 0 + 4.867)
=-1.159

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of SingAsia Holdings for the quarter that ended in Jan. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-16.896/( ( (0 + max(0, 0)) + (0.702 + max(-1.159, 0)) )/ 1 )
=-16.896/( ( 0 + 0.702 )/ 1 )
=-16.896/0.702
=-2,406.84 %

Note: The EBIT data used here is four times the quarterly (Jan. 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.


SingAsia Holdings  (HKSE:08293) 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.


SingAsia Holdings ROC (Joel Greenblatt) % Related Terms

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SingAsia Holdings (HKSE:08293) Business Description

Traded in Other Exchanges
N/A
Address
60 Paya Lebar Road, No. 12–29 Paya Lebar Square, Singapore, SGP, 409051
SingAsia Holdings Ltd is a workforce solutions provider for companies and organizations looking to streamline their operations in hotels, resorts, retail, food and beverage and other educational institutions, event organizers, and various industries sectors. The group's segments include Manpower outsourcing and Manpower recruitment. The majority of its revenue is derived from the Manpower outsourcing segment. Geographically, it generates a majority of its revenue from Singapore.
Executives
Irregular Consulting Limited 2101 Beneficial owner
Wee Yu-chih 2201 Interest of corporation controlled by you
Tse Sing Yu 2201 Interest of corporation controlled by you
Huang Weiyan 2101 Beneficial owner
Goh Guan Chua 2101 Beneficial owner
Centrex Treasure Holdings Limited 2101 Beneficial owner
Sim Hak Chor 2201 Interest of corporation controlled by you
Eden Publishing Pte. Ltd. 2101 Beneficial owner
Teo Li Lian 2101 Beneficial owner
Li Haifeng 2101 Beneficial owner
Sim Hak Chor 2201 Interest of corporation controlled by you

SingAsia Holdings (HKSE:08293) Headlines

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