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Sundart Holdings (HKSE:01568) ROC (Joel Greenblatt) % : 171.32% (As of Jun. 2024)


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What is Sundart 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. Sundart Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 171.32%.

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

HKSE:01568' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 94.16   Med: 207.8   Max: 1800.35
Current: 180.43

During the past 10 years, Sundart Holdings's highest ROC (Joel Greenblatt) % was 1800.35%. The lowest was 94.16%. And the median was 207.80%.

HKSE:01568's ROC (Joel Greenblatt) % is ranked better than
87.56% of 1053 companies
in the Business Services industry
Industry Median: 20.2 vs HKSE:01568: 180.43

Sundart Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -26.40% per year.


Sundart Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Sundart 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.

Sundart Holdings ROC (Joel Greenblatt) % Chart

Sundart Holdings 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 289.75 163.26 114.51 94.16 131.55

Sundart Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 64.73 126.10 98.95 192.50 171.32

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

For the Consulting Services subindustry, Sundart 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.


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

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

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



Sundart 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1585.762 + 65.156 + 560.965) - (3563.703 + 0 + 224.043)
=-1575.863

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1802.362 + 30.371 + 413.476) - (3092.373 + 0 + 172.267)
=-1018.431

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=430.912/( ( (243.9 + max(-1575.863, 0)) + (259.148 + max(-1018.431, 0)) )/ 2 )
=430.912/( ( 243.9 + 259.148 )/ 2 )
=430.912/251.524
=171.32 %

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


Sundart Holdings  (HKSE:01568) 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.


Sundart Holdings ROC (Joel Greenblatt) % Related Terms

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


Sundart Holdings Business Description

Traded in Other Exchanges
N/A
Address
370 Kwun Tong Road, 19th Floor, Millennium City 3, Kowloon, Hong Kong, HKG
Sundart Holdings Ltd is an interior decorative company in Hong Kong. It specializes in providing interior works for residential properties and hotel projects. The company's reportable segments are Fitting-out works in Hong Kong; Fitting-out works in Macau; Fitting-out works in China; Fitting-out works in Singapore; Alteration, addition, and construction works in Hong Kong; and Manufacturing, sourcing and distribution of interior decorative materials. Geographically, the group has a business presence in Hong Kong, Macau, the PRC and Other countries, of which prime revenue is derived from the PRC.
Executives
Fu Haixia 2202 Interest of your spouse
Liu Zaiwang 2201 Interest of corporation controlled by you
Jiang He Chuang Jian Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Cai Yun Guo Ji Tou Zi You Xian Gong Si 2101 Beneficial owner
Yun Nan Sheng Cheng Shi Jian She Tou Zi Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Jangho Hong Kong Holdings Limited 2201 Interest of corporation controlled by you
Reach Glory International Limited 2101 Beneficial owner
Bei Jing Jiang He Yuan Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you

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