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Hap Seng Plantations Holdings Bhd (XKLS:5138) ROC (Joel Greenblatt) % : 10.73% (As of Sep. 2023)


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What is Hap Seng Plantations Holdings Bhd 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. Hap Seng Plantations Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 10.73%.

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

XKLS:5138' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.93   Med: 13.77   Max: 30.17
Current: 6.73

During the past 13 years, Hap Seng Plantations Holdings Bhd's highest ROC (Joel Greenblatt) % was 30.17%. The lowest was 1.93%. And the median was 13.77%.

XKLS:5138's ROC (Joel Greenblatt) % is ranked worse than
61.32% of 1882 companies
in the Consumer Packaged Goods industry
Industry Median: 11.14 vs XKLS:5138: 6.73

Hap Seng Plantations Holdings Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 34.60% per year.


Hap Seng Plantations Holdings Bhd ROC (Joel Greenblatt) % Historical Data

The historical data trend for Hap Seng Plantations Holdings Bhd'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.

Hap Seng Plantations Holdings Bhd ROC (Joel Greenblatt) % Chart

Hap Seng Plantations Holdings Bhd Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.93 2.03 5.77 15.51 14.27

Hap Seng Plantations Holdings Bhd Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 3.97 6.18 6.99 3.03 10.73

Competitive Comparison of Hap Seng Plantations Holdings Bhd's ROC (Joel Greenblatt) %

For the Farm Products subindustry, Hap Seng Plantations Holdings Bhd'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.


Hap Seng Plantations Holdings Bhd's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hap Seng Plantations Holdings Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Hap Seng Plantations Holdings Bhd's ROC (Joel Greenblatt) % falls into.



Hap Seng Plantations Holdings Bhd 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)
=(23.499 + 129.75 + 34.97) - (75.436 + 0 + 0)
=112.783

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(47.861 + 147.461 + 34.176) - (80.333 + 0 + 0)
=149.165

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Hap Seng Plantations Holdings Bhd for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=199.836/( ( (1731.903 + max(112.783, 0)) + (1732.566 + max(149.165, 0)) )/ 2 )
=199.836/( ( 1844.686 + 1881.731 )/ 2 )
=199.836/1863.2085
=10.73 %

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


Hap Seng Plantations Holdings Bhd  (XKLS:5138) 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.


Hap Seng Plantations Holdings Bhd ROC (Joel Greenblatt) % Related Terms

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Hap Seng Plantations Holdings Bhd (XKLS:5138) Business Description

Traded in Other Exchanges
N/A
Address
Jalan P. Ramlee, 21st Floor, Menara Hap Seng, Kuala Lumpur, SGR, MYS, 50250
Hap Seng Plantations Holdings Bhd is a Malaysia based palm oil plantation company. It is engaged in planting and milling operations. The company operates in the palm oil industry where it grows oil palms in its estates, harvests and processes fresh fruit bunches into crude palm oil in its own mills, and then sells it. It produces palm oil in Sabah with a total area of approximately 40,279 hectares located entirely in Sabah, Malaysia. The company operates four mills namely, Jeroco 1 palm oil mill, Jeroco 2 palm oil mill, Bukit Mas palm oil mill, and Tomanggong palm oil mill. The group has operations in Singapore and Malaysia of which key revenue is generated from Malaysia. The majority of the group sales were local delivered sales to refiners within Malaysia.

Hap Seng Plantations Holdings Bhd (XKLS:5138) Headlines

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