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Grab Holdings (Grab Holdings) ROC (Joel Greenblatt) % : 21.07% (As of Dec. 2023)


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What is Grab 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. Grab Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 21.07%.

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

GRAB' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -548.31   Med: -336.33   Max: -73.11
Current: -75.61

During the past 5 years, Grab Holdings's highest ROC (Joel Greenblatt) % was -73.11%. The lowest was -548.31%. And the median was -336.33%.

GRAB's ROC (Joel Greenblatt) % is ranked worse than
71.1% of 2761 companies
in the Software industry
Industry Median: 12.83 vs GRAB: -75.61

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


Grab Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Grab 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.

Grab Holdings ROC (Joel Greenblatt) % Chart

Grab Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
-548.31 -285.40 -448.73 -336.33 -73.11

Grab Holdings Quarterly Data
Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -281.91 -159.01 -113.92 -55.08 21.07

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

For the Software - Application subindustry, Grab 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.


Grab Holdings's ROC (Joel Greenblatt) % Distribution in the Software Industry

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

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



Grab 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(148 + 46 + 227) - (917 + 362 + 39)
=-897

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(119 + 49 + 190) - (933 + 381 + 39)
=-995

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Grab Holdings 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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=104/( ( (475 + max(-897, 0)) + (512 + max(-995, 0)) )/ 2 )
=104/( ( 475 + 512 )/ 2 )
=104/493.5
=21.07 %

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


Grab Holdings  (NAS:GRAB) 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.


Grab Holdings ROC (Joel Greenblatt) % Related Terms

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Grab Holdings (Grab Holdings) Business Description

Traded in Other Exchanges
Address
3 Media Close, No. 01-03/06, Singapore, SGP, 138498
Founded in 2012, Grab provides ride-sharing services, food and grocery delivery, and financial services (payments, consumer loans, and enterprise offerings) in eight Southeast-Asian countries through its mobile platform. The company partners with merchants and riders, connecting them with consumers while charging commission to both sides. Grab has a leading market share in and derives 89% of its revenue from its core businesses, ride-sharing and food delivery. Singapore and Malaysia contributed 58% of revenue as of end-2021. Grab's main competitors in Southeast Asia are Foodpanda and Gojek, the ride-sharing arm of GoTo. Its financial services business is still in its nascent stage and provides minimal revenue currently. The company now also generates advertising revenue.