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Cosmos Technology International Bhd (XKLS:0261) ROC (Joel Greenblatt) % : 11.82% (As of Oct. 2024)


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What is Cosmos Technology International 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. Cosmos Technology International Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was 11.82%.

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

XKLS:0261' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.06   Med: 23.75   Max: 75.23
Current: 7.06

During the past 7 years, Cosmos Technology International Bhd's highest ROC (Joel Greenblatt) % was 75.23%. The lowest was 7.06%. And the median was 23.75%.

XKLS:0261's ROC (Joel Greenblatt) % is ranked worse than
62.81% of 3006 companies
in the Industrial Products industry
Industry Median: 12.59 vs XKLS:0261: 7.06

Cosmos Technology International Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -21.30% per year.


Cosmos Technology International Bhd ROC (Joel Greenblatt) % Historical Data

The historical data trend for Cosmos Technology International 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.

Cosmos Technology International Bhd ROC (Joel Greenblatt) % Chart

Cosmos Technology International Bhd Annual Data
Trend Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 23.75 75.23 49.21 17.91 8.58

Cosmos Technology International Bhd Quarterly Data
Apr18 Apr19 Aug19 Apr20 Oct20 Apr21 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 7.12 6.53 4.79 5.34 11.82

Competitive Comparison of Cosmos Technology International Bhd's ROC (Joel Greenblatt) %

For the Pollution & Treatment Controls subindustry, Cosmos Technology International 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.


Cosmos Technology International Bhd's ROC (Joel Greenblatt) % Distribution in the Industrial Products Industry

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

* The bar in red indicates where Cosmos Technology International Bhd's ROC (Joel Greenblatt) % falls into.


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Cosmos Technology International 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: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.389 + 5.794 + 33.676) - (2.898 + 0 + 9.978)
=30.983

Working Capital(Q: Oct. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.183 + 5.937 + 28.923) - (4.252 + 0 + 8.621)
=27.17

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Cosmos Technology International Bhd for the quarter that ended in Oct. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Oct. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2024  Q: Oct. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5.032/( ( (13.539 + max(30.983, 0)) + (13.425 + max(27.17, 0)) )/ 2 )
=5.032/( ( 44.522 + 40.595 )/ 2 )
=5.032/42.5585
=11.82 %

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


Cosmos Technology International Bhd  (XKLS:0261) 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.


Cosmos Technology International Bhd ROC (Joel Greenblatt) % Related Terms

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Cosmos Technology International Bhd Business Description

Traded in Other Exchanges
N/A
Address
No. 11, Jalan Mega 2/1, Kawasan Perindustrian Mega 2, Semenyih, SGR, MYS, 43500
Cosmos Technology International Bhd is engaged in the distribution and servicing of fluid control products and manufacturing of fabricated metal parts for industrial applications used in the water, wastewater and oil and gas industries. The company's operating segment includes Manufacturing; Distribution, Investment holding and Elimination operations. It generates maximum revenue from the Manufacturing segment. The fluid control products distributed include electronic flow meter, electromagnetic and ultrasonic flow meters, and related products.

Cosmos Technology International Bhd Headlines

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