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MAA Group Bhd (XKLS:1198) ROC (Joel Greenblatt) % : 43.21% (As of Dec. 2024)


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What is MAA Group 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. MAA Group Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 43.21%.

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

XKLS:1198' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -222.69   Med: -23.52   Max: 690.21
Current: -75.86

During the past 13 years, MAA Group Bhd's highest ROC (Joel Greenblatt) % was 690.21%. The lowest was -222.69%. And the median was -23.52%.

XKLS:1198's ROC (Joel Greenblatt) % is ranked worse than
88.33% of 60 companies
in the Insurance industry
Industry Median: 67.655 vs XKLS:1198: -75.86

MAA Group Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


MAA Group Bhd ROC (Joel Greenblatt) % Historical Data

The historical data trend for MAA Group 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.

MAA Group Bhd ROC (Joel Greenblatt) % Chart

MAA Group Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Jun22 Jun23 Jun24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -23.52 132.79 - -24.19 -119.17

MAA Group Bhd Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -52.37 -143.59 -234.15 -58.10 43.21

Competitive Comparison of MAA Group Bhd's ROC (Joel Greenblatt) %

For the Insurance - Diversified subindustry, MAA Group 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.


MAA Group Bhd's ROC (Joel Greenblatt) % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, MAA Group Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:

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



MAA Group 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(39.852 + 2.644 + 43.406) - (52.852 + 0 + 0.007000000000005)
=33.043

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(45.327 + 2.517 + 43.354) - (54.458 + 0 + 0.563)
=36.177

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of MAA Group Bhd for the quarter that ended in Dec. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=59.792/( ( (103.451 + max(33.043, 0)) + (104.067 + max(36.177, 0)) )/ 2 )
=59.792/( ( 136.494 + 140.244 )/ 2 )
=59.792/138.369
=43.21 %

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


MAA Group Bhd  (XKLS:1198) 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.


MAA Group Bhd ROC (Joel Greenblatt) % Related Terms

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MAA Group Bhd Business Description

Traded in Other Exchanges
N/A
Address
No. 566 Jalan Ipoh, 13th Floor, Kuala Lumpur, MYS, 51200
MAA Group Bhd is an investment holding company. The company along with its subsidiaries operates in given segments Investment holdings segment is engaged in investment holdings. General Insurance involves the underwriting of all classes of general insurance business. Education Services segment provides private tuition to students, tertiary education for certificates, diplomas, professional and post-graduate degrees; Credit Services involves provision of money lending, debt factoring and other credit activities and Hospitality Services involves provision of hospitality services, Cinema Services food and beverage, retailer of Cigars, and other services including logistics, renovation, facilities management service. It generates maximum revenue from the General insurance segment.

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