GURUFOCUS.COM » STOCK LIST » Technology » Software » A10 Networks Inc (NYSE:ATEN) » Definitions » ROC (Joel Greenblatt) %

ATEN (A10 Networks) ROC (Joel Greenblatt) % : 117.13% (As of Sep. 2024)


View and export this data going back to 2014. Start your Free Trial

What is A10 Networks 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. A10 Networks's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 117.13%.

The historical rank and industry rank for A10 Networks's ROC (Joel Greenblatt) % or its related term are showing as below:

ATEN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -307.49   Med: -85.5   Max: 146
Current: 120.82

During the past 13 years, A10 Networks's highest ROC (Joel Greenblatt) % was 146.00%. The lowest was -307.49%. And the median was -85.50%.

ATEN's ROC (Joel Greenblatt) % is ranked better than
77.62% of 2744 companies
in the Software industry
Industry Median: 17.535 vs ATEN: 120.82

A10 Networks's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


A10 Networks ROC (Joel Greenblatt) % Historical Data

The historical data trend for A10 Networks'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.

A10 Networks ROC (Joel Greenblatt) % Chart

A10 Networks Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -67.49 50.12 97.00 146.00 82.54

A10 Networks Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 34.25 182.90 69.56 98.54 117.13

Competitive Comparison of A10 Networks's ROC (Joel Greenblatt) %

For the Software - Infrastructure subindustry, A10 Networks'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.


A10 Networks's ROC (Joel Greenblatt) % Distribution in the Software Industry

For the Software industry and Technology sector, A10 Networks's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where A10 Networks's ROC (Joel Greenblatt) % falls into.



A10 Networks 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(57.395 + 25.212 + 15.301) - (15.923 + 81.993 + 12.243)
=-12.251

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(64.949 + 23.417 + 13.365) - (16.192 + 89.509 + 16.466)
=-20.436

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of A10 Networks for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=41.772/( ( (34.012 + max(-12.251, 0)) + (37.313 + max(-20.436, 0)) )/ 2 )
=41.772/( ( 34.012 + 37.313 )/ 2 )
=41.772/35.6625
=117.13 %

Note: The EBIT data used here is four times the quarterly (Sep. 2024) 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.


A10 Networks  (NYSE:ATEN) 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.


A10 Networks ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of A10 Networks's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


A10 Networks Business Description

Traded in Other Exchanges
Address
2300 Orchard Parkway, San Jose, CA, USA, 95131
A10 Networks Inc is a provider of secure application solutions and services that enables a new generation of intelligently connected companies, the ability to continuously improve cyber protection and digital responsiveness across dynamic Information Technology and network infrastructures. Its portfolio consists of six secure application solutions; Thunder Application Delivery Controller, Lightning Application Delivery Controller, Thunder Carrier Grade Networking, Thunder Threat Protection System, Thunder SSL Insight and Thunder Convergent Firewall, and two intelligent management and automation tools; Harmony Controller and aGalaxy TPS. Key revenue is generated from the Americas, with the rest coming from Europe, the Middle East and Africa, plus the Asia Pacific region.
Executives
Brian Becker officer: Interim CFO 230 HOWES DRIVE, LOS GATOS CA 95032
Peter Y Chung director, other: Indirect GP of 10% Owner C/O SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLR, BOSTON MA 02116
Karen S. Thomas officer: EVP, Worldwide Sales and Mkt 2300 ORCHARD PARKWAY, SAN JOSE CA 95125
Dhrupad Trivedi officer: Chief Executive Officer 1 N. BRENTWOOD BLVD., SUITE 1599, SAINT LOUIS MO 63105
Robert Scott Weber officer: General Counsel 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Matthew P Bruening officer: EVP, Worldwide Sales & Mktg 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Viex Opportunities Fund, Lp Series One other: See Explanation of Responses C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Robert D Cochran director, officer: VP, Legal & Corp Collaboration 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Dana Elizabeth Wolf director 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Viex Opportunities Fund, Lp - Series Two other: See Explanation of Responses C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Summit Partners L P other: Manager of GP of 10% Owner 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116
Mary Dotz director 280 N BERNARDO AVENUE, MOUNTAIN VIEW CA 94043
Gunter Reiss officer: VP Worldwide Mktg & Bus Dev 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Thomas Constantino officer: EVP, Chief Financial Officer 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Lee Chen director, 10 percent owner, officer: CEO and President C/O A10 NETWORKS, INC, 2300 ORCHARD PARK, SAN JOSE CA 95131