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Maxim Integrated Products (Maxim Integrated Products) ROC (Joel Greenblatt) % : 137.33% (As of Jun. 2021)


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What is Maxim Integrated Products 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. Maxim Integrated Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 137.33%.

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

MXIM' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 27.5   Med: 58.17   Max: 117.41
Current: 114.84

During the past 13 years, Maxim Integrated Products's highest ROC (Joel Greenblatt) % was 117.41%. The lowest was 27.50%. And the median was 58.17%.

MXIM's ROC (Joel Greenblatt) % is not ranked
in the Semiconductors industry.
Industry Median: 8.765 vs MXIM: 114.84

Maxim Integrated Products's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 23.70% per year.


Maxim Integrated Products ROC (Joel Greenblatt) % Historical Data

The historical data trend for Maxim Integrated Products'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.

Maxim Integrated Products ROC (Joel Greenblatt) % Chart

Maxim Integrated Products Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 79.42 99.80 93.16 86.62 117.41

Maxim Integrated Products Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 100.30 102.46 101.59 115.21 137.33

Competitive Comparison of Maxim Integrated Products's ROC (Joel Greenblatt) %

For the Semiconductors subindustry, Maxim Integrated Products'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.


Maxim Integrated Products's ROC (Joel Greenblatt) % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Maxim Integrated Products's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Maxim Integrated Products's ROC (Joel Greenblatt) % falls into.



Maxim Integrated Products 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: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(571.042 + 242.343 + 27.44) - (315.479 + 0 + 219.024)
=306.322

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(658.829 + 237.414 + 30.643) - (373.719 + 0 + 263.593)
=289.574

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Maxim Integrated Products for the quarter that ended in Jun. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2021  Q: Jun. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1163.268/( ( (543.848 + max(306.322, 0)) + (554.339 + max(289.574, 0)) )/ 2 )
=1163.268/( ( 850.17 + 843.913 )/ 2 )
=1163.268/847.0415
=137.33 %

Note: The EBIT data used here is four times the quarterly (Jun. 2021) 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.


Maxim Integrated Products  (NAS:MXIM) 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.


Maxim Integrated Products ROC (Joel Greenblatt) % Related Terms

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Maxim Integrated Products (Maxim Integrated Products) Business Description

Traded in Other Exchanges
N/A
Address
160 Rio Robles, San Jose, CA, USA, 95134
Maxim Integrated makes high-performance analog and mixed-signal integrated circuits. The company offers a wide range of products serving a host of analog-intensive applications, including power management, audio conversion, and sensors. Maxim supplies its diverse product portfolio to a broad base of customers in the communications, computing, industrial, automotive, and consumer-related end markets.
Executives
Jon Imperato officer: SVP of Sales and Marketing 160 RIO ROBLES SAN JOSE CA 95134
Tunc Doluca director, officer: PRESIDENT, CEO & DIRECTOR
James R Bergman director 28202 CABOT RD. STE 200 LAGUNA NIGEL CA 92677
Bryan Preeshl officer: SENIOR VICE PRESIDENT 160 RIO ROBLES SAN JOSE CA 95134
Mary Ann Wright director 486 S. PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Robert Edward Grady director 555 CALIFORNIA STREET, SUITE 3450, SAN FRANCISCO CA 94104
Edwin Medlin officer: SVP, Chief Legal, Admin, Compl MAXIM INTEGRATED PRODUCTS INC 120 SAN GABRIEL DRIVE SUNNYVALE CA 94086
Brian C White officer: SENIOR VP and CFO C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138
Vivek Jain officer: SENIOR VP 120 SAN GABRIEL DRIVE, SUNNYVALE CA 94086
Joseph R Bronson director 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
David Loftus officer: Vice President C/O INTERSIL CORPORATION 1001 MURPHY RANCH ROAD MILPITAS CA 95035
Mercedes Johnson director MICRON TECHNOLOGY, INC, 8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
William P Sullivan director 5301 STEVENS CREEK BLVD, MS 1A-LC, SANTA CLARA CA 95051
William D Watkins director P O BOX 8, SAINT PETERS MO 63376
Tracy Accardi director 160 RIO ROBLES SAN JOSE CA 95134

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