Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Natcore Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2018 was 252.28%.
The historical rank and industry rank for Natcore Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
NTCXF's ROC (Joel Greenblatt) % is not ranked *
in the Semiconductors industry.
Industry Median: 8.265 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Natcore Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Natcore Technology ROC (Joel Greenblatt) % Related Terms
Natcore Technology ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Natcore Technology'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.
NTCXF vs BSRC, SUNW, YGEHY: ROC (Joel Greenblatt) % Comparison
For the Solar subindustry, Natcore Technology'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.
Natcore Technology ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Natcore Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Natcore Technology's ROC (Joel Greenblatt) % falls into.
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:
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.
Note:
The EBIT data used here is four times the quarterly (Sep. 2018) 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.
What does a ROC (Joel Greenblatt) % of 252.28% mean?
Natcore Technology (NTCXF) has a ROC (Joel Greenblatt) % of 252.28% as of Sep. 2018. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Natcore Technology and its competitors.
Is Natcore Technology's ROC (Joel Greenblatt) % too high?
Natcore Technology's current ROC (Joel Greenblatt) % is 252.28%. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.27. Natcore Technology's value of 252.28% is 2952.4% above this industry median.
How does Natcore Technology's ROC (Joel Greenblatt) % compare to BSRC and SUNW?
Natcore Technology's ROC (Joel Greenblatt) % of 252.28% can be compared against companies in the Semiconductors industry. The industry median ROC (Joel Greenblatt) % is 8.27. Natcore Technology's value of 252.28% is 2952.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.27, based on 1,028 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Natcore Technology's current ROC (Joel Greenblatt) % of 252.28% is 2952.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Natcore Technology and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natcore Technology's current ROC (Joel Greenblatt) % is 252.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natcore Technology stock overvalued right now?
Natcore Technology (NTCXF) has a current ROC (Joel Greenblatt) % of 252.28%. The current ROC (Joel Greenblatt) % is 252.28% and 2952.4% above the Semiconductors industry median of 8.27. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Natcore Technology (NTCXF), the current ROC (Joel Greenblatt) % is 252.28% as of Sep. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Natcore Technology Inc is focused on using its proprietary nanotechnology discoveries to enable a variety of compelling applications in the solar industry. The company is advancing applications in laser processing, black silicon and tandem quantum-dot solar cells, and all-back-contact silicon heterojunction (HIT) cells to significantly lower the costs and improve the power output of solar cells.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NTCXF has been successfully added to your 
