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Infinera (Infinera) ROC (Joel Greenblatt) % : 0.49% (As of Sep. 2023)


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What is Infinera 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. Infinera's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 0.49%.

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

INFN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -73.28   Med: -19.26   Max: 25.73
Current: 8.3

During the past 13 years, Infinera's highest ROC (Joel Greenblatt) % was 25.73%. The lowest was -73.28%. And the median was -19.26%.

INFN's ROC (Joel Greenblatt) % is ranked worse than
53.47% of 2476 companies
in the Hardware industry
Industry Median: 10.26 vs INFN: 8.30

Infinera's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 31.60% per year.


Infinera ROC (Joel Greenblatt) % Historical Data

The historical data trend for Infinera'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.

Infinera ROC (Joel Greenblatt) % Chart

Infinera Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -44.73 -73.28 -35.88 -24.86 -6.68

Infinera Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -0.57 40.39 1.61 -5.08 0.49

Competitive Comparison of Infinera's ROC (Joel Greenblatt) %

For the Communication Equipment subindustry, Infinera'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.


Infinera's ROC (Joel Greenblatt) % Distribution in the Hardware Industry

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

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



Infinera 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(325.647 + 427.386 + 139.225) - (402.1 + 135.511 + 71.678)
=282.969

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(328.863 + 456.88 + 128.87) - (398.253 + 100.777 + 77.201)
=338.382

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Infinera for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2.644/( ( (222.7 + max(282.969, 0)) + (230.595 + max(338.382, 0)) )/ 2 )
=2.644/( ( 505.669 + 568.977 )/ 2 )
=2.644/537.323
=0.49 %

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


Infinera  (NAS:INFN) 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.


Infinera ROC (Joel Greenblatt) % Related Terms

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


Infinera (Infinera) Business Description

Industry
Traded in Other Exchanges
Address
6373 San Ignacio Avenue, San Jose, CA, USA, 95119
Infinera Corp is a global supplier of networking solutions comprised of networking equipment, software and services. Its portfolio of solutions includes optical transport platforms, converged packet-optical transport platforms, compact modular platforms, optical line systems, coherent optical subsystems, a suite of automation software offerings, and support and professional services. The company's customers include operators of fixed line and mobile networks, including telecommunications service providers, internet content providers, cable providers, wholesale carriers, research and education institutions, large enterprises, utilities and government entities.
Executives
Michael H Fernicola officer: Chief Accounting Officer C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
David W Heard officer: GM, Products and Solutions C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
George Andrew Riedel director C/O NORTEL NETWORKS CORPORATION, 8200 DIXIE ROAD, SUITE 100, BRAMPTON A6 L6T 5P6
Paul J Milbury director
David F Welch officer: Chief Mkting & Strategy Ofcr C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Nicholas Walden officer: SVP, Worldwide Sales 140 CASPIAN COURT, SUNNYVALE CA 94089
Roop Kalyan Lakkaraju director BENCHMARK ELECTRONICS, INC., 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Christine Bucklin director 608 30TH STREET, MANHATTAN BEACH CA 90266
Thomas J Fallon officer: Chief Operating Officer C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Mark A Wegleitner director C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Hooshmand Kambiz director 6290 SEQUENCE DRIVE, SAN DIEGO CA 92121
Amy H. Rice director 333 SOUTH GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Partners Ltd 10 percent owner 181 BAY STREET, BROOKFIELD PLACE, SUITE 300, TORONTO A6 M5J2T3
Brookfield Asset Management Inc. 10 percent owner BROOKFIELD PLACE, 181 BAY ST, STE 100, PO BOX 762, TORONTO A6 M5J2T3