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Glomac Bhd (XKLS:5020) ROC (Joel Greenblatt) % : 59.24% (As of Jan. 2025)


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What is Glomac 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. Glomac Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2025 was 59.24%.

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

XKLS:5020' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.96   Med: 49.76   Max: 173.51
Current: 94.48

During the past 13 years, Glomac Bhd's highest ROC (Joel Greenblatt) % was 173.51%. The lowest was 19.96%. And the median was 49.76%.

XKLS:5020's ROC (Joel Greenblatt) % is ranked better than
79.52% of 1758 companies
in the Real Estate industry
Industry Median: 10.425 vs XKLS:5020: 94.48

Glomac Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.80% per year.


Glomac Bhd ROC (Joel Greenblatt) % Historical Data

The historical data trend for Glomac 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.

Glomac Bhd ROC (Joel Greenblatt) % Chart

Glomac Bhd Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.96 51.40 49.98 42.21 31.79

Glomac Bhd Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 108.26 111.40 66.88 101.72 59.24

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

For the Real Estate - Diversified subindustry, Glomac 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.


Glomac Bhd's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Glomac Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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Glomac 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: Oct. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(109.417 + 146.953 + 21.311) - (161.007 + 0 + 143.425)
=-26.751

Working Capital(Q: Jan. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(66.755 + 145.48 + 24.584) - (150.276 + 0 + 134.509)
=-47.966

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Glomac Bhd for the quarter that ended in Jan. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Jan. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2024  Q: Jan. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=23.384/( ( (40.138 + max(-26.751, 0)) + (38.815 + max(-47.966, 0)) )/ 2 )
=23.384/( ( 40.138 + 38.815 )/ 2 )
=23.384/39.4765
=59.24 %

Note: The EBIT data used here is four times the quarterly (Jan. 2025) 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.


Glomac Bhd  (XKLS:5020) 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.


Glomac Bhd ROC (Joel Greenblatt) % Related Terms

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Glomac Bhd Business Description

Traded in Other Exchanges
N/A
Address
Glomac Damansara, Level 15, Menara Glomac, Jalan Damansara, Kuala Lumpur, SGR, MYS, 60000
Glomac Bhd is a real estate development company. It is engaged in property development, construction of buildings, and property investment. The firm is organized into three areas of business. The Property development segment includes the development of residential land and commercial properties for sale and sale of land; Construction includes the construction of buildings, and Property investment includes the investment of land and buildings held for investment potential and rental income in the future. It derives the majority of its revenues from the property development segment. The group geographically operates and derives its income in Malaysia.

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