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JayCorp Bhd (XKLS:7152) ROC (Joel Greenblatt) % : 4.48% (As of Jul. 2024)


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What is JayCorp 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. JayCorp Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was 4.48%.

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

XKLS:7152' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.11   Med: 24.26   Max: 29.32
Current: 28.6

During the past 13 years, JayCorp Bhd's highest ROC (Joel Greenblatt) % was 29.32%. The lowest was 12.11%. And the median was 24.26%.

XKLS:7152's ROC (Joel Greenblatt) % is ranked better than
75.81% of 430 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 11.025 vs XKLS:7152: 28.60

JayCorp Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.80% per year.


JayCorp Bhd ROC (Joel Greenblatt) % Historical Data

The historical data trend for JayCorp 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.

JayCorp Bhd ROC (Joel Greenblatt) % Chart

JayCorp Bhd Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.20 29.32 24.53 24.85 26.57

JayCorp Bhd Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 6.81 38.11 46.93 29.62 4.48

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

For the Furnishings, Fixtures & Appliances subindustry, JayCorp 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.


JayCorp Bhd's ROC (Joel Greenblatt) % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, JayCorp Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:

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



JayCorp 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: Apr. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.713 + 23.016 + 0.97200000000001) - (37.872 + 0 + 0)
=14.829

Working Capital(Q: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21.88 + 23.566 + 8.577) - (30.938 + 0 + 6.231)
=16.854

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Jul. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2024  Q: Jul. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3.24/( ( (55.977 + max(14.829, 0)) + (57.08 + max(16.854, 0)) )/ 2 )
=3.24/( ( 70.806 + 73.934 )/ 2 )
=3.24/72.37
=4.48 %

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


JayCorp Bhd  (XKLS:7152) 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.


JayCorp Bhd ROC (Joel Greenblatt) % Related Terms

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JayCorp Bhd Business Description

Traded in Other Exchanges
N/A
Address
JA 1880, Batu 22 1/2, Parit Perawas, Sungai Rambai, MLA, MYS, 77400
JayCorp Bhd is engaged in the business of investment holding and provision of management services. The company operates in six business segments which include Furniture, Packaging, Wood processing, Renewable energy, Construction, and Others. The majority of the firm's revenue is derived from the Furniture segment which engages in the manufacture and sale of furniture; mainly rubberwood furniture. The Group's operations are located in Malaysia, Europe, North America, Rest of Asia and other regions. Geographically, the majority of revenue is generated from Malaysia.

JayCorp Bhd Headlines

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