GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Incap Oyj (OHEL:ICP1V) » Definitions » ROC (Joel Greenblatt) %

Incap Oyj (OHEL:ICP1V) ROC (Joel Greenblatt) % : 31.19% (As of Sep. 2024)


View and export this data going back to 1997. Start your Free Trial

What is Incap Oyj 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. Incap Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 31.19%.

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

OHEL:ICP1V' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.87   Med: 47.7   Max: 67.5
Current: 24.97

During the past 13 years, Incap Oyj's highest ROC (Joel Greenblatt) % was 67.50%. The lowest was 10.87%. And the median was 47.70%.

OHEL:ICP1V's ROC (Joel Greenblatt) % is ranked better than
74.8% of 2452 companies
in the Hardware industry
Industry Median: 9.69 vs OHEL:ICP1V: 24.97

Incap Oyj's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.30% per year.


Incap Oyj ROC (Joel Greenblatt) % Historical Data

The historical data trend for Incap Oyj'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.

Incap Oyj ROC (Joel Greenblatt) % Chart

Incap Oyj 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 59.53 50.54 67.50 57.76 34.22

Incap Oyj Quarterly Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 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 27.11 8.22 31.02 30.31 31.19

Competitive Comparison of Incap Oyj's ROC (Joel Greenblatt) %

For the Electronic Components subindustry, Incap Oyj'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.


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

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

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



Incap Oyj 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)
=(40.176 + 69.246 + 0) - (39.231 + 0 + 0.52)
=69.671

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(46.637 + 63.876 + 0) - (40.246 + 0 + 0.52099999999999)
=69.746

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Incap Oyj 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 )
=30.828/( ( (29.755 + max(69.671, 0)) + (28.492 + max(69.746, 0)) )/ 2 )
=30.828/( ( 99.426 + 98.238 )/ 2 )
=30.828/98.832
=31.19 %

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.


Incap Oyj  (OHEL:ICP1V) 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.


Incap Oyj ROC (Joel Greenblatt) % Related Terms

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


Incap Oyj Business Description

Industry
Traded in Other Exchanges
Address
Bulevardi 21, Helsinki, FIN, 00180
Incap Oyj is an electronics manufacturing services company with manufacturing operations in Estonia, India, Slovakia, and the United Kingdom and a sourcing office in Hong Kong. s a full-service provider in Electronics Manufacturing Services providing material procurement, prototyping, production ramp-up, serial production, final assembly, testing, designing, project management, and logistics. Also, it includes services such as printed circuit board (PCB) assembly, box-build final assembly, electromechanical assembly, and cable and wire harness assembly, among other things. The company's geographical divisions include Europe, North America, South America, and Asia.

Incap Oyj Headlines

No Headlines