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IJM Bhd (XKLS:3336) ROC (Joel Greenblatt) % : 14.76% (As of Jun. 2024)


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What is IJM 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. IJM Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.76%.

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

XKLS:3336' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.1   Med: 10   Max: 19.94
Current: 19.94

During the past 13 years, IJM Bhd's highest ROC (Joel Greenblatt) % was 19.94%. The lowest was 6.10%. And the median was 10.00%.

XKLS:3336's ROC (Joel Greenblatt) % is ranked better than
59.78% of 542 companies
in the Conglomerates industry
Industry Median: 15.1 vs XKLS:3336: 19.94

IJM Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 13.20% per year.


IJM Bhd ROC (Joel Greenblatt) % Historical Data

The historical data trend for IJM 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.

IJM Bhd ROC (Joel Greenblatt) % Chart

IJM Bhd Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.34 7.76 6.10 10.79 19.71

IJM Bhd Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 15.73 17.08 19.60 27.66 14.76

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

For the Conglomerates subindustry, IJM 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.


IJM Bhd's ROC (Joel Greenblatt) % Distribution in the Conglomerates Industry

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

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



IJM 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: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1177.556 + 6297.161 + 813.091) - (1825.119 + 0 + 1431.326)
=5031.363

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1758.55 + 6300.743 + 70.079) - (2999.342 + 0 + 425.931)
=4704.099

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=919.096/( ( (1375.549 + max(5031.363, 0)) + (1343.394 + max(4704.099, 0)) )/ 2 )
=919.096/( ( 6406.912 + 6047.493 )/ 2 )
=919.096/6227.2025
=14.76 %

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


IJM Bhd  (XKLS:3336) 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.


IJM Bhd ROC (Joel Greenblatt) % Related Terms

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IJM Bhd Business Description

Traded in Other Exchanges
N/A
Address
Jalan Yong Shook Lin, 2nd Floor, Wisma IJM, Petaling Jaya, SGR, MYS, 46050
IJM Corp Bhd is an investment holding company. It constructs hotels, residential complexes, highways and transportation systems, and other large industrial structures. In addition, the company provides construction materials for in-house support and external customers. It utilizes quarry operations, ready-mixed concrete, scaffolding, and other supplies to provide reliable solutions. IJM has five operating segments: Construction, Property development, Manufacturing and quarrying, Infrastructure and Investment and others. The majority of the company's revenue is derived from Malaysia.

IJM Bhd Headlines

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