GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MHC Plantations Bhd (XKLS:5026) » Definitions » ROC (Joel Greenblatt) %

MHC Plantations Bhd (XKLS:5026) ROC (Joel Greenblatt) % : 6.46% (As of Mar. 2024)


View and export this data going back to 2000. Start your Free Trial

What is MHC Plantations 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. MHC Plantations Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.46%.

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

XKLS:5026' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.05   Med: 8.4   Max: 23.42
Current: 10.72

During the past 13 years, MHC Plantations Bhd's highest ROC (Joel Greenblatt) % was 23.42%. The lowest was 3.05%. And the median was 8.40%.

XKLS:5026's ROC (Joel Greenblatt) % is ranked worse than
51.93% of 1895 companies
in the Consumer Packaged Goods industry
Industry Median: 11.55 vs XKLS:5026: 10.72

MHC Plantations Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 40.30% per year.


MHC Plantations Bhd ROC (Joel Greenblatt) % Historical Data

The historical data trend for MHC Plantations 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.

MHC Plantations Bhd ROC (Joel Greenblatt) % Chart

MHC Plantations Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.05 7.35 23.42 19.92 12.13

MHC Plantations Bhd Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.72 8.51 13.48 14.82 6.46

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

For the Farm Products subindustry, MHC Plantations 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.


MHC Plantations Bhd's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, MHC Plantations Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:

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



MHC Plantations 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)
=(25.926 + 25.3 + 1.303) - (27.859 + 0 + 9.843)
=14.827

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.561 + 30.846 + 0.98599999999996) - (35.772 + 0 + 0)
=9.621

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of MHC Plantations 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 )
=29.016/( ( (401.169 + max(14.827, 0)) + (472.185 + max(9.621, 0)) )/ 2 )
=29.016/( ( 415.996 + 481.806 )/ 2 )
=29.016/448.901
=6.46 %

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.


MHC Plantations Bhd  (XKLS:5026) 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.


MHC Plantations Bhd ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of MHC Plantations Bhd's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


MHC Plantations Bhd (XKLS:5026) Business Description

Traded in Other Exchanges
N/A
Address
Kompleks Pejabat Behrang 2020, Jalan Persekutuan 1, Tanjong Malim, PRK, MYS, 35900
MHC Plantations Bhd along with its subsidiaries is involved in the cultivation of oil palm, the operation of the quarry, milling, and sales of oil palm products, letting of oil palm collection center, investment holding, power generation, and property development. It operates in segments that include Plantation; which cultivates oil palm, Oil Mill; which mills and sells oil palm products, Power Plant; which generates power and sell biomass by-products. The Other Segment refers to the extraction and sale of earth stones, operation of a hotel and Others. The Oil Mill Segment generates maximum revenue for the company.

MHC Plantations Bhd (XKLS:5026) Headlines

No Headlines