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MN Holdings Bhd (XKLS:0245) ROC (Joel Greenblatt) % : 332.68% (As of Mar. 2024)


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What is MN 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. MN Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 332.68%.

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

XKLS:0245' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 86.33   Med: 127.65   Max: 298.21
Current: 298.21

During the past 6 years, MN Holdings Bhd's highest ROC (Joel Greenblatt) % was 298.21%. The lowest was 86.33%. And the median was 127.65%.

XKLS:0245's ROC (Joel Greenblatt) % is ranked better than
96.34% of 1666 companies
in the Construction industry
Industry Median: 17.775 vs XKLS:0245: 298.21

MN Holdings Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.40% per year.


MN Holdings Bhd ROC (Joel Greenblatt) % Historical Data

The historical data trend for MN 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.

MN Holdings Bhd ROC (Joel Greenblatt) % Chart

MN Holdings Bhd Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 116.28 86.33 134.95 120.35 194.73

MN Holdings Bhd Quarterly Data
Jun18 Jun19 Jun20 Jun21 Oct21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 313.57 199.23 322.58 317.94 332.68

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

For the Engineering & Construction subindustry, MN 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.


MN Holdings Bhd's ROC (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, MN Holdings Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:

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



MN 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49.179 + 0 + 0) - (61.281 + 0 + 4.38)
=-16.482

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(47.809 + 0 + 0) - (52.236 + 0 + 3.669)
=-8.096

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=27.072/( ( (8.517 + max(-16.482, 0)) + (7.758 + max(-8.096, 0)) )/ 2 )
=27.072/( ( 8.517 + 7.758 )/ 2 )
=27.072/8.1375
=332.68 %

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


MN Holdings Bhd  (XKLS:0245) 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.


MN Holdings Bhd ROC (Joel Greenblatt) % Related Terms

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MN Holdings Bhd (XKLS:0245) Business Description

Traded in Other Exchanges
N/A
Address
Jalan USJ 25/1B, F-07-01, Garden Shoppe One City, Subang Jaya, SGR, MYS, 47650
MN Holdings Bhd is principally involved in the provision of infrastructure utility services comprising underground utilities engineering services and solutions; substation engineering services and solutions and Investment holding. It generates maximum revenue from the underground utilities engineering segment, which is engaged in the provision of underground utilities engineering services and solutions. The Substation engineering segment is engaged in the provision of substation engineering services and solutions and trading and supplying.

MN Holdings Bhd (XKLS:0245) Headlines

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