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Neonode (Neonode) ROC (Joel Greenblatt) %

: -912.40% (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. Neonode's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -912.40%.

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

NEON' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2873   Med: -237.87   Max: -91.5
Current: -279.68

During the past 13 years, Neonode's highest ROC (Joel Greenblatt) % was -91.50%. The lowest was -2873.00%. And the median was -237.87%.

NEON's ROC (Joel Greenblatt) % is ranked worse than
96.28% of 2475 companies
in the Hardware industry
Industry Median: 9.94 vs NEON: -279.68

Neonode's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -22.90% per year.


Neonode ROC (Joel Greenblatt) % Historical Data

The historical data trend for Neonode'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.

Neonode Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -158.16 -226.50 -249.24 -140.25 -407.90

Neonode 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) % 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 Premium Member Only Premium Member Only Premium Member Only -105.13 -129.49 -139.87 -132.58 -912.40

Competitive Comparison

For the Electronic Components subindustry, Neonode'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.


Neonode ROC (Joel Greenblatt) % Distribution

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

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



Neonode 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)
=(0.928 + 4.309 + 0.755) - (1.684 + 0.028 + 0)
=4.28

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.917 + 0.61 + 0.528) - (1.735 + 0.01 + 0)
=0.31

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Neonode 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 )
=-24.352/( ( (0.354 + max(4.28, 0)) + (0.394 + max(0.31, 0)) )/ 2 )
=-24.352/( ( 4.634 + 0.704 )/ 2 )
=-24.352/2.669
=-912.40 %

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.


Neonode  (NAS:NEON) 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.


Neonode ROC (Joel Greenblatt) % Related Terms

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


Neonode (Neonode) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Karlavagen 100, Stockholm, SWE, 115 26
Neonode Inc provides optical sensing solutions for contactless touch, touch, and gesture sensing and also provides software solutions for machine perception that feature machine learning algorithms to detect and track persons and objects in video streams from cameras and other types of imagers. It markets and sells its solutions to customers in many different markets and segments including, but not limited to, office equipment, automotive, industrial automation, medical, military, and avionics. The company's business areas are Human-Machine Interaction Solutions, Human-Machine Interaction Products, and Remote Sensing Solutions.
Executives
Cecilia Edstrom director KARLAVAGEN 100, STOCKHOLM V7 115 26
Fredrik Nihlen officer: Chief Financial Officer C/O NEONODE, INC.,. 100 KARLAVAGEN, STOCKHOLM V7 115 26
Urban Forssell officer: Chief Executive Officer C/O NEONODE, STORGATAN 23C, STOCKHOLM V7 11455
Mattias Bergman director C/O NEONODE, INC., STORGATAN 23C, STOCKHOLM V7 114 55
Ek Maria Anne-lee Charlotte officer: Chief Financial Officer C/O NEONODE, INC., STORGATAN 23C, STOCKHOLM V7 114 55
Ulf Rosberg director FAFNERVAEGEN 2, DJURSHOLM V7 18266
Hakan Persson officer: Chief Executive Officer C/O NEONODE INC., STORGATAN 23C, STOCKHOLM V7 114 55
Andreas Bunge director DRAGARSTIGEN 3, SALTSJOBADEN V7 133 36
Peter Lindell 10 percent owner LILLA ERSTAGATAN 6, STOCKHOLM V7 116 28
Lars, Goran Lindqvist director ZUGERSTRASSE 20, UNTERAEGERI V8 6314
Asa Hedin director MORABERGSVAGEN 27, SALTSJOBADEN V7 133 33
Per Eriksson director VILDVINSVAGEN 5, SALTSJOBADEN V7 S-133 36
Bjorn Thomas Eriksson officer: Vice President STORANGSSTIGEN 15 C, STOCKSUND V7 18274
Mats Dahlin director LORETOHOHE 1, ZUG V8 6300
Bystedt Per Ivar Gosta director DJURGARDSVAGEN 144, STOCKHOLM V7 SE 115 21