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Tek Seng Holdings Bhd (XKLS:7200) ROC (Joel Greenblatt) % : 9.29% (As of Dec. 2024)


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What is Tek Seng Holdings 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. Tek Seng Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 9.29%.

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

XKLS:7200' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -33.27   Med: 12.44   Max: 28.9
Current: 13.27

During the past 13 years, Tek Seng Holdings Bhd's highest ROC (Joel Greenblatt) % was 28.90%. The lowest was -33.27%. And the median was 12.44%.

XKLS:7200's ROC (Joel Greenblatt) % is ranked better than
61.17% of 1056 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 9.545 vs XKLS:7200: 13.27

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


Tek Seng Holdings Bhd ROC (Joel Greenblatt) % Historical Data

The historical data trend for Tek Seng Holdings 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.

Tek Seng Holdings Bhd ROC (Joel Greenblatt) % Chart

Tek Seng Holdings Bhd Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.90 23.00 12.51 10.48 13.53

Tek Seng Holdings Bhd Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 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 5.43 16.61 15.86 11.20 9.29

Competitive Comparison of Tek Seng Holdings Bhd's ROC (Joel Greenblatt) %

For the Textile Manufacturing subindustry, Tek Seng Holdings 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.


Tek Seng Holdings Bhd's ROC (Joel Greenblatt) % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tek Seng Holdings Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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Tek Seng Holdings 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)
=(17.59 + 37.698 + 1.023) - (23.114 + 0 + 0)
=33.197

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.282 + 37.5 + 1.06) - (29.204 + 0 + 2.576)
=26.062

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Tek Seng Holdings 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 )
=9.796/( ( (76.309 + max(33.197, 0)) + (75.356 + max(26.062, 0)) )/ 2 )
=9.796/( ( 109.506 + 101.418 )/ 2 )
=9.796/105.462
=9.29 %

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.


Tek Seng Holdings Bhd  (XKLS:7200) 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.


Tek Seng Holdings Bhd ROC (Joel Greenblatt) % Related Terms

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Tek Seng Holdings Bhd Business Description

Traded in Other Exchanges
N/A
Address
Plot 159, MK13, Jalan Perindustrian Bukit Minyak 7, Bukit Minyak Industrial Park, Bukit Mertajam, PNG, MYS, 14000
Tek Seng Holdings Bhd is an investment holding company. It operates through three segments: polyvinyl chloride (PVC) segment, Photovoltaic Solar segment, and Renting of Properties segment. The PVC segment is engaged in the manufacturing and trading of PVC sheeting, PolyPropylene (PP) Non-Woven, PVC leather-related products for industrial and consumer use. Whereas the Solar segment is engaged in the Trading of Solar Cell products and generating and supplying renewable energy. The Renting of Properties segment is engaged in rental income from investment properties. The majority of revenue is from the PVC segment. Geographically, the majority is from Malaysia.

Tek Seng Holdings Bhd Headlines

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