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Pericom Semiconductor (Pericom Semiconductor) ROC (Joel Greenblatt) % : 4.11% (As of Sep. 2015)


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What is Pericom Semiconductor 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. Pericom Semiconductor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was 4.11%.

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

PSEM's ROC (Joel Greenblatt) % is not ranked *
in the Semiconductors industry.
Industry Median: 8.8
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Pericom Semiconductor ROC (Joel Greenblatt) % Historical Data

The historical data trend for Pericom 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.

Pericom Semiconductor ROC (Joel Greenblatt) % Chart

Pericom Semiconductor Annual Data
Trend Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.09 1.14 -19.77 4.70 18.13

Pericom Semiconductor Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 11.21 14.35 13.60 36.86 4.11

Competitive Comparison of Pericom Semiconductor's ROC (Joel Greenblatt) %

For the Semiconductors subindustry, Pericom 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.


Pericom Semiconductor's ROC (Joel Greenblatt) % Distribution in the Semiconductors Industry

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

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



Pericom 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: Jun. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(24.601 + 13.613 + 3.948) - (20.385 + 0 + 0)
=21.777

Working Capital(Q: Sep. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26.756 + 15.183 + 3.698) - (20.905 + 0 + 0)
=24.732

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Pericom Semiconductor for the quarter that ended in Sep. 2015 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2015 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2015  Q: Sep. 2015
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3.292/( ( (57.746 + max(21.777, 0)) + (55.947 + max(24.732, 0)) )/ 2 )
=3.292/( ( 79.523 + 80.679 )/ 2 )
=3.292/80.101
=4.11 %

Note: The EBIT data used here is four times the quarterly (Sep. 2015) 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.


Pericom Semiconductor  (NAS:PSEM) 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.


Pericom Semiconductor ROC (Joel Greenblatt) % Related Terms

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Pericom Semiconductor (Pericom Semiconductor) Business Description

Traded in Other Exchanges
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Address
Pericom Semiconductor Corp was incorporated in California in June 1990. The Company designs, develops and markets integrated circuits (ICs) and frequency control products (FCPs) used for the transfer, routing, and timing of digital and analog signals within and between computer, networking, datacom and telecom systems. Its IC products include functions that support the connectivity, timing and signal conditioning of high-speed parallel and serial protocols that transfer data among a system's microprocessor, memory and various peripherals, such as displays and monitors, and between interconnected systems. The Company's FCPs are electronic components that provide frequency references such as crystals and oscillators for computer, communication and consumer electronic products. Its analog, digital and mixed-signal ICs, together with its FCP products enable higher system bandwidth and signal quality, resulting in operating reliability, signal integrity, and lower overall system cost in applications such as notebook computers, servers, network switches and routers, storage area networks, digital TVs, cell phones, GPS and digital media players. The Company has one reportable segment, the interconnectivity device supply market. The Company uses its expertise in high-performance digital, analog, mixed-signal silicon-based IC and quartz-based FCP designs, its reusable core cell library and its modular design methodology to achieve a rapid rate of new product introductions. Within each of the Company's IC product families, the product portfolio has evolved from a standard building block into both standard products of increasing performance and application-specific standard products (ASSP), which are tailored to meet a specific high volume application. Within each product family, it continues to address the common trends of decreasing supply voltage, higher integration and faster speeds. Within the Company's quartz based FCP product families, including crystal, crystal oscillator (XO), and voltage controlled crystal oscillator (VCXO), it has evolved its technologies to include specialized XO and hybrid capability. The IC semiconductor and FCP industry is intensely competitive. The Company's IC competitors include Analog Devices, Cypress Semiconductor Corporation, Fairchild Semiconductor International, Hitachi, Integrated Device Technology, Inc., Maxim Integrated Products, Inc., Motorola, On Semiconductor Corp., NXP, Parade Technologies, PLX Technology, Silicon Laboratories, Inc., STMicroelectronics, Texas Instruments, Inc. and Toshiba. Its FCP competitors include Vectron International, Inc., Connor Winfield Ltd., Fox Electronics, Ecliptek Corporation, Mtron PTI, Epson Toyocom Corporation and among others.
Executives
Hui Alex Chi Ming director, officer: President & CEO, other: President & CEO 2380 BERING DR, SAN JOSE CA 95131
Michael J Sophie director, other: Outside Director C/O UTSTARCOM INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Kevin S Bauer officer: CFO & Sr. VP of Finance, other: CFO & Sr. VP of Finance 980 ROCK AVE., SAN JOSE CA 95131
Aaron Tachibana officer: Sr. VP of Finance, and CFO, other: Sr. VP of Finance, and CFO 400 NORTH MCCARTHY BLVD, MILPITAS CA 95035
James Boyd officer: Sr. VP of Finance and CFO, other: Sr. VP of Finance and CFO 48401 FREMONT BLVD FREMONT CA 94538
Gary L Fischer director 4281 TECHNOLOGY DRIVE, FREMONT CA 94538
David Raun officer: VP - Strategic Marketing 870 MAUDE AVENUE, SUNNVALE CA 94085

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