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XOX Technology Bhd (XKLS:0017) ROC (Joel Greenblatt) % : 198.60% (As of Dec. 2023)


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What is XOX Technology 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. XOX Technology Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 198.60%.

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

XKLS:0017' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -70.44   Med: -11.87   Max: 117.04
Current: 117.04

During the past 13 years, XOX Technology Bhd's highest ROC (Joel Greenblatt) % was 117.04%. The lowest was -70.44%. And the median was -11.87%.

XKLS:0017's ROC (Joel Greenblatt) % is ranked better than
94.53% of 384 companies
in the Telecommunication Services industry
Industry Median: 14.51 vs XKLS:0017: 117.04

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


XOX Technology Bhd ROC (Joel Greenblatt) % Historical Data

The historical data trend for XOX Technology 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.

XOX Technology Bhd ROC (Joel Greenblatt) % Chart

XOX Technology Bhd Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Dec19 Mar21 Mar22 Mar23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.75 -34.80 - -1.39 61.88

XOX Technology Bhd Quarterly Data
Mar18 Sep18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 50.20 -18.16 164.38 128.62 198.60

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

For the Telecom Services subindustry, XOX Technology 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.


XOX Technology Bhd's ROC (Joel Greenblatt) % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, XOX Technology Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:

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



XOX Technology 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)
=(71.544 + 0 + 4.702) - (57.487 + 0 + 0)
=18.759

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(62.799 + 0 + 6.813) - (60.272 + 0 + 0)
=9.34

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of XOX Technology 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 )
=34.484/( ( (2.746 + max(18.759, 0)) + (3.882 + max(9.34, 0)) )/ 2 )
=34.484/( ( 21.505 + 13.222 )/ 2 )
=34.484/17.3635
=198.60 %

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.


XOX Technology Bhd  (XKLS:0017) 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.


XOX Technology Bhd ROC (Joel Greenblatt) % Related Terms

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XOX Technology Bhd (XKLS:0017) Business Description

Traded in Other Exchanges
N/A
Address
Lot 17.1, 17th Floor, Menara Lien Hoe, No. 8, Persiaran Tropicana, Tropicana Golf and Country Resort, Petaling Jaya, SGR, MYS, 47410
XOX Technology Bhd, formerly M3 Technologies (Asia) Bhd is engaged in the provision of mobile value-added services. Business activity of the firm is operated through the region of Malaysia, Pakistan, United Arab Emirates - Dubai, and Other Countries of which Pakistan region accounts for a larger share of the revenue. The business activities function through Mobile Solutions; Cloud Services Solutions and Trading and Distribution business. It offers a range of mobile solutions and platforms, such as multimedia products, wireless access protocol (WAP) and Java 2 Micro Edition (J2ME) applications catering to all channels of its business, such as Business to Consumer, Business to Business and Business to Owner.

XOX Technology Bhd (XKLS:0017) Headlines

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