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Lattice Semiconductor (Lattice Semiconductor) ROC (Joel Greenblatt) %

: 81.23% (As of Dec. 2023)
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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. Lattice Semiconductor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 81.23%.

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

LSCC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -89.45   Med: 39.53   Max: 116.79
Current: 102.88

During the past 13 years, Lattice Semiconductor's highest ROC (Joel Greenblatt) % was 116.79%. The lowest was -89.45%. And the median was 39.53%.

LSCC's ROC (Joel Greenblatt) % is ranked better than
93.96% of 994 companies
in the Semiconductors industry
Industry Median: 8.595 vs LSCC: 102.88

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


Lattice Semiconductor ROC (Joel Greenblatt) % Historical Data

The historical data trend for Lattice Semiconductor'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.

Lattice Semiconductor 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 43.19 36.73 68.87 116.79 109.96

Lattice Semiconductor 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 121.00 120.83 97.86 106.81 81.23

Competitive Comparison

For the Semiconductors subindustry, Lattice Semiconductor'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.


Lattice Semiconductor ROC (Joel Greenblatt) % Distribution

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

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



Lattice Semiconductor 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)
=(105.913 + 104.019 + 36.404) - (76.663 + 18.068 + 0)
=151.605

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(104.373 + 98.826 + 36.43) - (75.107 + 16.722 + 0)
=147.8

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Lattice Semiconductor 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 )
=174.52/( ( (66.252 + max(151.605, 0)) + (64.033 + max(147.8, 0)) )/ 2 )
=174.52/( ( 217.857 + 211.833 )/ 2 )
=174.52/214.845
=81.23 %

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.


Lattice Semiconductor  (NAS:LSCC) 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.


Lattice Semiconductor ROC (Joel Greenblatt) % Related Terms

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Lattice Semiconductor (Lattice Semiconductor) Business Description

Traded in Other Exchanges
Address
5555 NE Moore Court, Hillsboro, OR, USA, 97124-6421
Lattice Semiconductor Corp is a developer of semiconductor technology that it distributes through products, solutions, and licenses. The company reaches its customers through consumer, communications, and industrial markets. Lattice's product lines consist of programmable logic devices, video connectivity application-specific standard products, and wave devices. Product offerings enable customers in the consumer market to build technology that utilizes more computing power, higher resolution video, and reduced energy consumption. Customers in the industrial and communication market are aided with data gathering, higher bandwidth, and increased reliability for their products. Lattice's products are offered globally; however, the majority of sales are derived from customers in Asia.
Executives
Robin Ann Abrams director 751 LINDEN AVE, LOS ALTOS CA 94022
James Robert Anderson director, officer: President & CEO 111 SW 5TH AVE, PORTLNAD OR 97204
Mark Jon Nelson officer: VP Corp, Sales 101 INNOVATION DRIVE, SAN JOSE CA 95134
Tracy Ann Feanny officer: VP Corp, General Counsel 3906 DRY CREEK DRIVE, AUSTIN TX 78731
Stephen Douglass officer: VP Corp, R&D 111 SW 5TH AVE. SUITE 700, PORTLAND X1 97204
Sherri R Luther officer: CVP, Chief Financial Officer 111 SW FIFTH AVE SUITE 700, PORTLAND OR 97204
Pravin Desale officer: SVP, R&D 3309 PATINA COURT, SAN JOSE CA 95135
David Jeffrey Richardson director LSI LOGIC CORP, 1621 BARBER LANE, MILPITAS CA 95035
Glenn O'rourke director, officer: VP Corp, Mfg Ops, other: VP Corp, Mfg Ops 1156 ROSEMONT ROAD, WEST LINN OR 97068
Mark Edwin Jensen director 6303 SNOWBERRY LANE, NIWOT CO 80503
Elizabeth M Schwarting director 3101 JAY STREET, SANTA CLARA CA 95054
Douglas R Bettinger director C/O LAM RESEARCH CORPORATION, 4650 CUSHING PARKWAY, FREMONT CA 94538
Raejeanne Skillern director 16852 ALDER CIRCLE, LAKE OSWEGO OR 97034
Krishna Rangasayee director 2100 LOGIC DR., SAN JOSE CA 95124
Esam Elashmawi officer: VP Corp, Mktg & Strategy 111 SW 5TH AVE. SUITE 700, PORTLAND OR 97204