ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Whitman Holdings Bhd's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2024 was 80.40%.
As of today (2026-06-28), Whitman Holdings Bhd's WACC % is 10.30%. Whitman Holdings Bhd's ROIC % is 80.40% (calculated using TTM income statement data).
Whitman Holdings Bhd generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Whitman Holdings Bhd (XKLS:03070) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Whitman Holdings Bhd's WACC % is 10.30%. Whitman Holdings Bhd's ROIC % is 80.40% (calculated using TTM income statement data).
Whitman Holdings Bhd generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
* 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.
Whitman Holdings Bhd ROIC % Chart
Whitman Holdings Bhd Annual Data
Trend
Dec23
Dec24
ROIC %
57.37
80.40
Whitman Holdings Bhd Semi-Annual Data
Dec23
Dec24
ROIC %
57.37
80.40
XKLS:03070 vs BLK, BX, KKR: ROIC % Comparison
For the Asset Management subindustry, Whitman Holdings Bhd's ROIC %, along with its competitors' market caps and ROIC % 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.
Whitman Holdings Bhd ROIC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Whitman Holdings Bhd's ROIC % distribution charts can be found below:
* The bar in red indicates where Whitman Holdings Bhd's ROIC % falls into.
Note:
The Operating Income data used here is one times the annual (Dec. 2024) data.
The tax rate is limited to between 0% and 100%.
* 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.
Whitman Holdings Bhd (XKLS:03070) has a ROIC % of 80.40% as of Dec. 2024. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Whitman Holdings Bhd and its competitors.
Is Whitman Holdings Bhd's ROIC % too high?
Whitman Holdings Bhd's current ROIC % is 80.40%. The Asset Management industry median ROIC % is 1.21. Whitman Holdings Bhd's value of 80.40% is 6544.6% above this industry median. Overall, Whitman Holdings Bhd has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Whitman Holdings Bhd's ROIC % compare to BLK and BX?
Whitman Holdings Bhd's ROIC % of 80.40% can be compared against companies in the Asset Management industry. The industry median ROIC % is 1.21. Whitman Holdings Bhd's value of 80.40% is 6544.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for an Asset Management company?
The median ROIC % among Asset Management companies is 1.21, based on 707 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Whitman Holdings Bhd's current ROIC % of 80.40% is 6544.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Whitman Holdings Bhd and its competitors. For the Asset Management industry, the median ROIC % is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Whitman Holdings Bhd's current ROIC % is 80.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Whitman Holdings Bhd stock overvalued right now?
Whitman Holdings Bhd (XKLS:03070) has a current ROIC % of 80.40%. The current ROIC % is 80.40% and 6544.6% above the Asset Management industry median of 1.21. Whitman Holdings Bhd's overall GF Score™ is 17/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Whitman Holdings Bhd (XKLS:03070), the current ROIC % is 80.40% as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Whitman Holdings Bhd is an investment holding company. Through its subsidiaries, the company is principally involved in the provision of holistic financial planning solutions focusing on retirement planning. The company's core advisory services consist of advisory and consultation services and dealing in securities (UTS and PRS). It also provides insurance consulting services and will-writing services as part of its complementary services. The company derives the majority of revenue from the provision of its Core advisory services, prominently from the dealing in securities (UTS and PRS) services. Geographically, it operates within Malaysia.
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