GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Planar Systems Inc (NAS:PLNR) » Definitions » ROC (Joel Greenblatt) %

Planar Systems (Planar Systems) ROC (Joel Greenblatt) % : -1.53% (As of Jun. 2015)


View and export this data going back to . Start your Free Trial

What is Planar Systems 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. Planar Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was -1.53%.

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

PLNR's ROC (Joel Greenblatt) % is not ranked *
in the Hardware industry.
Industry Median: 10.02
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Planar Systems ROC (Joel Greenblatt) % Historical Data

The historical data trend for Planar Systems'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.

Planar Systems ROC (Joel Greenblatt) % Chart

Planar Systems Annual Data
Trend Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -24.78 -12.28 -47.52 -23.66 9.93

Planar Systems Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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 9.74 23.73 33.64 8.65 -1.53

Competitive Comparison of Planar Systems's ROC (Joel Greenblatt) %

For the Electronic Components subindustry, Planar Systems'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.


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

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

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



Planar Systems 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: Mar. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(24.341 + 31.228 + 3.243) - (23.52 + 1.479 + 7.819)
=25.994

Working Capital(Q: Jun. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.777 + 33.233 + 2.585) - (19.229 + 1.321 + 7.989)
=26.056

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Planar Systems for the quarter that ended in Jun. 2015 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2015 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2015  Q: Jun. 2015
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.464/( ( (4.472 + max(25.994, 0)) + (4.167 + max(26.056, 0)) )/ 2 )
=-0.464/( ( 30.466 + 30.223 )/ 2 )
=-0.464/30.3445
=-1.53 %

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


Planar Systems  (NAS:PLNR) 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.


Planar Systems ROC (Joel Greenblatt) % Related Terms

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


Planar Systems (Planar Systems) Business Description

Traded in Other Exchanges
N/A
Address
Planar Systems Inc was incorporated on April 27, 1983. The Company is a provider of specialty display products, solutions, and services for customers in a number of end-market segments. Products include display components, completed displays, and display solutions and systems based on a variety of flat panel and front- and rear-projection technologies. The Company capitalizes on its strong supply chain, logistics, and distribution relationships to sell a variety of mainly LCD based displays to the United States marketplace. The Company offers High-End Home Display which offers various high-performance home theater front-projection systems, video processing equipment, large-format thin displays, and accessories, that aims at the high-end home market and certain commercial installations The Company employs sales professionals in many countries around the world and sells both directly to end users and through reseller channels.The Company's direct competitors are numerous and diverse. In display systems including AMLCD components sourced from manufacturers, Planar's value-added specialty display products compete against those of NEC, Acer, Viewsonic, Dell and others in the IT market. The Company's operations are subject to environmental and various other regulations in each of the jurisdictions in which it conducts business.
Executives
Richard Hill director
Harold Hughes director C/O RAMBUS INC., 1050 ENTERPRISE WAY, SUITE 700, SUNNYVALE CA 94089
David Sandberg director 40 SE 5TH STREET, SUITE 502, BOCA RATON FL 33432
Red Oak Partners, Llc director 95 S. FEDERAL HWY, SUITE 201, BOCA RATON FL 33432
Greg Turnbull director 123 SAGLNAW DRIVE, REDWOOD CITY CA 94063
Steven E Wynne director 27700 SW PARKWAY AVENUE, WILSONVILLE OR 97070
Esther Kay Stepp director
Steven J Buhaly officer: COO/CFO 1195 NW LOMPTON DRIVE, BEAVESTON OR 97006
Jeffrey T Siegal officer: Corporate Controller 1195 NW LOMPTON DRIVE, BEAVESTON OR 97006
Balaji Krishnamurthy other: Chairman, President & CEO 1195 NW LOMPTON DRIVE, BEAVESTON OR 97006

Planar Systems (Planar Systems) Headlines

From GuruFocus

You Can Benefit From Planar's Digital Signage Exposure

By Soid Ahmad Soidahmad 06-25-2015

Planar Systems Inc. Reports Operating Results (10-Q)

By gurufocus 10qk 02-04-2011

Planar Systems Inc. Reports Operating Results (10-K)

By gurufocus 10qk 12-02-2009