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UBXG (U-BX Technology) ROC (Joel Greenblatt) % : -212.40% (As of Dec. 2023)


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What is U-BX Technology 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. U-BX Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -212.40%.

The historical rank and industry rank for U-BX Technology's ROC (Joel Greenblatt) % or its related term are showing as below:

UBXG' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -298.4   Med: 3600   Max: 8960
Current: -298.4

During the past 4 years, U-BX Technology's highest ROC (Joel Greenblatt) % was 8960.00%. The lowest was -298.40%. And the median was 3600.00%.

UBXG's ROC (Joel Greenblatt) % is ranked worse than
82.56% of 2752 companies
in the Software industry
Industry Median: 17.73 vs UBXG: -298.40

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


U-BX Technology ROC (Joel Greenblatt) % Historical Data

The historical data trend for U-BX Technology'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.

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U-BX Technology ROC (Joel Greenblatt) % Chart

U-BX Technology Annual Data
Trend Jun20 Jun21 Jun22 Jun23
ROC (Joel Greenblatt) %
-79.39 200.00 8,960.00 7,000.00

U-BX Technology Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial -21,400.00 31,142.86 24,057.14 -8,800.00 -212.40

Competitive Comparison of U-BX Technology's ROC (Joel Greenblatt) %

For the Software - Infrastructure subindustry, U-BX Technology'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.


U-BX Technology's ROC (Joel Greenblatt) % Distribution in the Software Industry

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

* The bar in red indicates where U-BX Technology's ROC (Joel Greenblatt) % falls into.



U-BX Technology 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.265 + 0 + 2.989) - (1.746 + 1.785 + 0.114)
=-0.391

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.266 + 0 + 3.15) - (2.945 + 0.003 + 0.116)
=0.352

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of U-BX Technology for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.394/( ( (0.004 + max(-0.391, 0)) + (0.015 + max(0.352, 0)) )/ 2 )
=-0.394/( ( 0.004 + 0.367 )/ 2 )
=-0.394/0.1855
=-212.40 %

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


U-BX Technology  (NAS:UBXG) 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.


U-BX Technology ROC (Joel Greenblatt) % Related Terms

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U-BX Technology Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 1 Linkong Er Road, Shunyi District, Zhongguan Science and Technology Park, Beijing, CHN
Website
U-BX Technology Ltd is focused on providing value-added services using artificial intelligence-driven technology to businesses within the insurance industry, including insurance carriers and brokers. It helps institutional clients obtain visibility on various social media platforms and generate revenue based on consumers' clicks, views, or its clients' promotion time through those channels. The company has also developed an algorithm named Magic Mirror to calculate payout risks for insurance carriers to underwrite auto insurance coverage.

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