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AT Systematization Bhd (XKLS:0072) ROC (Joel Greenblatt) % : -2.96% (As of Dec. 2023)


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What is AT Systematization 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. AT Systematization Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.96%.

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

XKLS:0072' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -54.75   Med: -15.73   Max: 7.39
Current: -48.11

During the past 13 years, AT Systematization Bhd's highest ROC (Joel Greenblatt) % was 7.39%. The lowest was -54.75%. And the median was -15.73%.

XKLS:0072's ROC (Joel Greenblatt) % is ranked worse than
92.56% of 3009 companies
in the Industrial Products industry
Industry Median: 13.65 vs XKLS:0072: -48.11

AT Systematization Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -38.80% per year.


AT Systematization Bhd ROC (Joel Greenblatt) % Historical Data

The historical data trend for AT Systematization 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.

AT Systematization Bhd ROC (Joel Greenblatt) % Chart

AT Systematization Bhd Annual Data
Trend Feb14 Feb15 Feb16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.63 -23.61 -16.82 -54.75 -36.01

AT Systematization Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.78 -140.11 -22.81 -14.03 -2.96

Competitive Comparison of AT Systematization Bhd's ROC (Joel Greenblatt) %

For the Specialty Industrial Machinery subindustry, AT Systematization 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.


AT Systematization Bhd's ROC (Joel Greenblatt) % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AT Systematization Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where AT Systematization Bhd's ROC (Joel Greenblatt) % falls into.



AT Systematization 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.887 + 8.061 + 18.938) - (46.377 + 0 + 0.485)
=-11.976

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.356 + 7.651 + 18.824) - (40.503 + 0 + 0.485)
=-8.157

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of AT Systematization Bhd 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 )
=-4.352/( ( (147.22 + max(-11.976, 0)) + (146.655 + max(-8.157, 0)) )/ 2 )
=-4.352/( ( 147.22 + 146.655 )/ 2 )
=-4.352/146.9375
=-2.96 %

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.


AT Systematization Bhd  (XKLS:0072) 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.


AT Systematization Bhd ROC (Joel Greenblatt) % Related Terms

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


AT Systematization Bhd (XKLS:0072) Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Persiaran Tropicana, Lot 11.2, Level 11, Menara Lien Hoe, Tropicana Golf and Country Resort, Petaling Jaya, SGR, MYS, 47410
AT Systematization Bhd is an investment holding and provision of a management service company. Its operating segment includes Fabrication and automation; Renewable energy and property, Gloves, and Others. It generates maximum revenue from Fabrication and Automation which is involved the Fabrication of industrial and engineering parts and sheet metal; design and manufacturing of industrial automation systems and machinery. Geographically, it derives a majority of its revenue from Malaysia and also has a presence in Singapore, the United Kingdom, Thailand, the USA, and Other Countries.

AT Systematization Bhd (XKLS:0072) Headlines

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