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. eMagin's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 0.75%.
The historical rank and industry rank for eMagin's ROC (Joel Greenblatt) % or its related term are showing as below:
EMAN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -74.89 Med: -39.04 Max: 13.48
Current: 1.56
During the past 13 years, eMagin's highest ROC (Joel Greenblatt) % was 13.48%. The lowest was -74.89%. And the median was -39.04%.
eMagin's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 22.40% per year.
eMagin ROC (Joel Greenblatt) % Historical Data
The historical data trend for eMagin'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.
|
eMagin Annual Data
|
|
Trend |
Dec12 |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
| ROC (Joel Greenblatt) % |
|
|
|
|
|
|
-54.13 |
-74.89 |
-32.05 |
-46.91 |
-13.19 |
|
eMagin Quarterly Data
|
|
Jun17 |
Sep17 |
Dec17 |
Mar18 |
Jun18 |
Sep18 |
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
| ROC (Joel Greenblatt) % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-115.26 |
-1.22 |
-43.87 |
41.71 |
0.75 |
Competitive Comparison
For the Electronic Components subindustry, eMagin'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.
eMagin ROC (Joel Greenblatt) % Distribution
For the Hardware industry and Technology sector, eMagin's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where eMagin's ROC (Joel Greenblatt) % falls into.
eMagin 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.
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of eMagin for the quarter that ended in Mar. 2022 can be restated as:
Note:
The EBIT data used here is four times the quarterly (Mar. 2022) 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.
eMagin Business Description
Traded in Other Exchanges
Address
700 South Drive, Suite 201, Hopewell Junction, NY, USA, 12533
eMagin Corp designs, develop, manufactures, and markets organic light-emitting diode, or OLED miniature displays, OLED-on-silicon microdisplays, virtual imaging products that utilize OLED micro displays, and related products. The company's OLED displays are used in a variety of products, including military aviation helmets, military weapons sights & targeting systems, night vision & thermal imaging devices, training & simulation, visualization for ocular surgery, mobile ultrasound, and augmented reality applications. Its geographical segments are North & South America; Europe, Middle East, & Africa; and the Asia Pacific.
Executives
| Cronson Paul C |
director |
C/O LARKSPUR CORP 445 PARK AVE NEW YORK NY 10022 |
| Wittels Jill |
director |
3006 NORTHUP WAY #103 BELLEVUE WA 98004 |
| Richstone Ellen B |
director |
C/O SONUS NETWORKS, INC. 7 TECHNOLOGY PARK DRIVE WESTFORD MA 01886 |
| Seay Stephen |
director |
10500 N.E. 8TH STREET, SUITE 1400 BELLEVUE WA 98004 |
| Sculley Andrew George Jr |
officer: President/CEO |
260 BRIAR DRIVE MARTINEZ CA 94553 |
| Braddom Eric |
director |
C/O EMAGIN CORPORATION 2070 ROUTE 52 BLDG 334 HOPEWELL JUNCTION NY 12533 |
| Koch Mark A |
officer: CFO |
C/O DEL GLOBAL TECHNOLOGIES CORP. ONE COMMERCE PARK VALHALLA NY 10595 |
| Awm Investment Company, Inc. |
10 percent owner |
527 MADISON AVENUE SUITE 2600 NEW YORK NY 10022 |
| Brody Christopher Scott |
director |
STILLWATER LLC 655 MADISON AVE NEW YORK NY 10065 |
| Costello Stephen |
officer: S V P Strategic Partnerships |
C/O EMAGIN CORPORATION 2070 ROUTE 52 BUILDING 334 HOPEWELL JUNCTION NY 12533 |
| Polgar Leslie G |
director |
3006 NORTHUP WAY SUITE 103 BELLEVUE WA 98004 |
| Saltarelli Joseph |
other: Sr. VP of Manufacturing |
C/O EMAGIN CORPORATION 2070 ROUTE 52 BLDG 334 HOPEWELL JUNCTION NY 12533 |
| Lucas Jeffrey P |
officer: Chief Financial Officer |
C/O EMAGIN CORP. 2070 ROUTE 52 HOPEWELL JUNCTION NY 12533 |
| Ghosh Amalkumar |
officer: Sr. VP, R&D |
2070 ROUTE 52 HOPEWELL JUNCTION NY 12533 |
| Olivier Prache |
officer: Sr. VP Product Development |
213 MANVILLE ROAD PLEASANTVILLE NY 10570 |
eMagin Headlines
By Seekingalpha 2021-03-18
By Seekingalpha 2021-03-08
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By Seekingalpha 2020-08-13
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