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PDF Solutions (PDF Solutions) ROC (Joel Greenblatt) % : -6.45% (As of Dec. 2023)


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What is PDF Solutions 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. PDF Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.45%.

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

PDFS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -31.43   Med: -2.4   Max: 70.62
Current: -0.26

During the past 13 years, PDF Solutions's highest ROC (Joel Greenblatt) % was 70.62%. The lowest was -31.43%. And the median was -2.40%.

PDFS's ROC (Joel Greenblatt) % is ranked worse than
57.29% of 2763 companies
in the Software industry
Industry Median: 13.25 vs PDFS: -0.26

PDF Solutions's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 45.20% per year.


PDF Solutions ROC (Joel Greenblatt) % Historical Data

The historical data trend for PDF Solutions'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.

PDF Solutions ROC (Joel Greenblatt) % Chart

PDF Solutions 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 -10.09 -26.66 -31.43 -4.49 -0.30

PDF Solutions 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 10.14 -1.32 11.33 -5.98 -6.45

Competitive Comparison of PDF Solutions's ROC (Joel Greenblatt) %

For the Software - Application subindustry, PDF Solutions'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.


PDF Solutions's ROC (Joel Greenblatt) % Distribution in the Software Industry

For the Software industry and Technology sector, PDF Solutions's ROC (Joel Greenblatt) % distribution charts can be found below:

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



PDF Solutions 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)
=(40.959 + 0 + 18.001) - (7.405 + 29.507 + 11.502)
=10.546

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(44.904 + 0 + 17.422) - (7.194 + 27.32 + 14.8)
=13.012

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PDF Solutions 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 )
=-3.508/( ( (42.902 + max(10.546, 0)) + (42.264 + max(13.012, 0)) )/ 2 )
=-3.508/( ( 53.448 + 55.276 )/ 2 )
=-3.508/54.362
=-6.45 %

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.


PDF Solutions  (NAS:PDFS) 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.


PDF Solutions ROC (Joel Greenblatt) % Related Terms

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


PDF Solutions (PDF Solutions) Business Description

Traded in Other Exchanges
Address
2858 De La Cruz Boulevard, Santa Clara, CA, USA, 95050
PDF Solutions Inc offers products and services designed to empower engineers and data scientists across the semiconductor ecosystem to improve the yield, quality, and profitability of their products. The solutions combine proprietary software, physical intellectual property (or IP) for integrated circuit (or IC) designs, electrical measurement hardware tools, proven methodologies, and professional services. The company's products and services are sold to integrated device manufacturers (or IDMs), fabless semiconductor companies, foundries, outsourced semiconductor assembly and test (or OSATs), and system houses.
Executives
Michael B Gustafson director 380 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Nancy Erba director C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Shuo Zhang director PDF SOLUTIONS, INC., 2858 DE LA CRUZ BOULEVARD, SANTA CLARA CA 95050
Andrzej Strojwas officer: CTO 2858 DE LA CRUZ BLVD., SANTA CLARA CA 95050
Adnan Raza officer: EVP, Finance and CFO PDF SOLUTIONS, 2858 DE LA CRUZ BOULEVARD, SANTA CLARA CA 95050
Joseph R Bronson director 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Ye Jane Li director 200 FLYNN ROAD, CAMARILLO CA 93012-8790
Kimon Michaels director, officer: EVP of Products and Solutions 333 WEST SAN CARLOS STREET, SUITE 700, SAN JOSE CA 95110
Marco Iansiti director 92 HAVEN ST., DOVER MA 02038
Gerald Zheyao Yin director 2-10 WEIFANG XI ROAD, PUDONG NEW DISTRICT, SHANGHAI F4 200122
Russell Christine officer: VP, Finance and CFO 17165 PINE STREET, LOS GATOS CA 95032
Lucio Lanza director 141 CASPIAN COURT, SUNNYVALE CA 94089
Kwangh Kim officer: VP of Business Development 333 WEST SAN CARLOS STREET, SUITE 1000, SAN JOSE CA 95110
Gregory C Walker officer: CFO, VP Finance 2 RESULTS WAY, CUPERTINO CA 95014
Hartgring Cornelis officer: VP- Client Services & Sales 333 WEST SAN CARLOS STREET, SUITE 700, SAN JOSE CA 95110