8i Acquisition 2 (8i Acquisition 2) ROC (Joel Greenblatt) % : -5.94% (As of Jul. 2022)

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What is 8i Acquisition 2 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. 8i Acquisition 2's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2022 was -5.94%.

The historical rank and industry rank for 8i Acquisition 2's ROC (Joel Greenblatt) % or its related term are showing as below:

LAX's ROC (Joel Greenblatt) % is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: -22.58
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

8i Acquisition 2's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.

8i Acquisition 2 ROC (Joel Greenblatt) % Historical Data

The historical data trend for 8i Acquisition 2'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.

8i Acquisition 2 ROC (Joel Greenblatt) % Chart

8i Acquisition 2 Annual Data

Trend

Jul21

Jul22

ROC (Joel Greenblatt) %

-4.78

8i Acquisition 2 Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial			-1.88	-81.78	-2.17	-2.31	-5.94

Competitive Comparison of 8i Acquisition 2's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, 8i Acquisition 2'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.

8i Acquisition 2's ROC (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, 8i Acquisition 2's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where 8i Acquisition 2's ROC (Joel Greenblatt) % falls into.

8i Acquisition 2 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: Apr. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	86.397)	-	(0.061	+	3.019	+	-0.00099999999999989)
=	83.318

	Working Capital		(Q: Jul. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	86.582)	-	(0.911	+	3.019	+	0)
=	82.652

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of 8i Acquisition 2 for the quarter that ended in Jul. 2022 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Jul. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2022		Q: Jul. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.932	/	( ( (0 + max(83.318, 0))	+	(0 + max(82.652, 0)) )	/	2 )
=	-4.932	/	( ( 83.318	+	82.652 )	/	2 )
=	-4.932	/	82.985
=	-5.94 %

Note: The EBIT data used here is four times the quarterly (Jul. 2022) EBIT data.

8i Acquisition 2 (NAS:LAX) 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.

8i Acquisition 2 ROC (Joel Greenblatt) % Related Terms

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8i Acquisition 2 (8i Acquisition 2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 8i Acquisition 2 Corp (NAS:LAX) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o 6 Eu Tong Sen Street, No. 08-13, Singapore, SGP, 059817

Website

8i Acquisition 2 Corp is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.

Executives

Chen Wei Wen Kelvin	director, officer: CHIEF EXECUTIVE OFFICER	C/O 1 PEMIMPIN DRIVE #12-07,, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Alfred Lim	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPI, SINGAPORE U0 576151
Kim Hing Chan	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
David Francis Capes	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Daniel Tan	officer: CHIEF TECHNOLOGY OFFICER	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Steven John Sobak	officer: CHIEF FINANCIAL OFFICER	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Lim Thien Su Gerald	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPI, SINGAPORE U0 576151
Alexander K. Arrow	director	PO BOX 3094, REDWOOD CITY CA 94064
Tan Meng Dong (james)	director, 10 percent owner, officer: Chief Executive Officer	UNIT 2003 KINGKEY 100, TOWER B, 5015 SHENNAN EAST ROAD, LUOHU DISTRICT, SHENZHEN/GUANGDONG F4 518000
Kwong Yeow Liew	director	RM 2313-2315, BLOCK B, ZHONGSHEN GARDEN, SHENZHEN F4 518101
Yap Guan Hong William	director, officer: Chief Financial Officer	6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817
Ajay Rajpal	director	6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817
8i Holdings 2 Pte Ltd	10 percent owner	C/O 6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817