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Ralco Bhd (XKLS:7498) ROC (Joel Greenblatt) % : -3.38% (As of Dec. 2023)


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What is Ralco 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. Ralco Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.38%.

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

XKLS:7498' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -17.27   Med: -1.38   Max: 7.01
Current: -2.89

During the past 13 years, Ralco Bhd's highest ROC (Joel Greenblatt) % was 7.01%. The lowest was -17.27%. And the median was -1.38%.

XKLS:7498's ROC (Joel Greenblatt) % is ranked worse than
87.89% of 388 companies
in the Packaging & Containers industry
Industry Median: 10.285 vs XKLS:7498: -2.89

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


Ralco Bhd ROC (Joel Greenblatt) % Historical Data

The historical data trend for Ralco 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.

Ralco Bhd ROC (Joel Greenblatt) % Chart

Ralco 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 -5.40 2.34 3.44 -0.05 -2.70

Ralco Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -4.40 -0.72 -7.88 0.06 -3.38

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

For the Packaging & Containers subindustry, Ralco 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.


Ralco Bhd's ROC (Joel Greenblatt) % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ralco Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Ralco 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.318 + 8.305 + 0) - (13.138 + 0 + 0)
=8.485

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.106 + 10.269 + 0.556) - (8.949 + 0 + 1.547)
=11.435

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Ralco Bhd for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2.22/( ( (53.252 + max(8.485, 0)) + (58.24 + max(11.435, 0)) )/ 2 )
=-2.22/( ( 61.737 + 69.675 )/ 2 )
=-2.22/65.706
=-3.38 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.


Ralco Bhd  (XKLS:7498) 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.


Ralco Bhd ROC (Joel Greenblatt) % Related Terms

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


Ralco Bhd (XKLS:7498) Business Description

Traded in Other Exchanges
N/A
Address
Lot 1476, Jalan Lengkok Emas 1, Nilai Industrial Estate, Nilai, NSN, MYS, 71800
Ralco Corp Bhd. is engaged in the manufacturing and trading of plastic products. Its product line is comprised of Jerrican (Blow molding) and Pail (Injection molding) in various sizes. Jerrican is widely used for the packing of the liquid form of chemical products as well as for edible oils while pails are utilized for packing paints for both household and industrial use. The company has two reportable segments: Plastic products and others. Plastic products include the manufacturing and sale of plastic products. Others include trading of furniture, oil packing, buying and selling of palm oil products, manufacturing or dealing in packaging materials, and all related products. It generates its revenues from the Plastic Products segment. Its firm is based in Malaysia.

Ralco Bhd (XKLS:7498) Headlines

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