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Yen Sun Technology (ROCO:6275) ROC (Joel Greenblatt) % : 18.20% (As of Sep. 2024)


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What is Yen Sun Technology 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. Yen Sun Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 18.20%.

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

ROCO:6275' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.51   Med: 9.75   Max: 22.58
Current: 22.58

During the past 13 years, Yen Sun Technology's highest ROC (Joel Greenblatt) % was 22.58%. The lowest was 3.51%. And the median was 9.75%.

ROCO:6275's ROC (Joel Greenblatt) % is ranked better than
72.51% of 2452 companies
in the Hardware industry
Industry Median: 9.69 vs ROCO:6275: 22.58

Yen Sun Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 19.10% per year.


Yen Sun Technology ROC (Joel Greenblatt) % Historical Data

The historical data trend for Yen Sun 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.

* Premium members only.

Yen Sun Technology ROC (Joel Greenblatt) % Chart

Yen Sun Technology 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 7.01 14.42 17.27 15.39 21.45

Yen Sun Technology 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 21.31 42.87 15.22 14.85 18.20

Competitive Comparison of Yen Sun Technology's ROC (Joel Greenblatt) %

For the Consumer Electronics subindustry, Yen Sun 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.


Yen Sun Technology's ROC (Joel Greenblatt) % Distribution in the Hardware Industry

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

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



Yen Sun Technology 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)
=(960.15 + 724.228 + 60.82) - (1064.238 + 0 + 59.102)
=621.858

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(894.815 + 698.271 + 67.927) - (1059.704 + 0 + 55.166)
=546.143

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Yen Sun Technology 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 )
=328.444/( ( (1204.469 + max(621.858, 0)) + (1237.243 + max(546.143, 0)) )/ 2 )
=328.444/( ( 1826.327 + 1783.386 )/ 2 )
=328.444/1804.8565
=18.20 %

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.


Yen Sun Technology  (ROCO:6275) 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.


Yen Sun Technology ROC (Joel Greenblatt) % Related Terms

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Yen Sun Technology Business Description

Traded in Other Exchanges
N/A
Address
Number 329 Fengren Road, Ren Wu District, Kaohsiung City, TWN
Yen Sun Technology Corp is involved in manufacturing and selling electronic cooling products such as electric fans, electric cookers, induction cookers, juice machines, bowl dryers, water dispensers, dehumidifiers, electric heaters, and other home appliances cooling fans and thermal modules. Its products are divided into three categories which are also their business segment that includes Taiwan Home Appliances Department, Mainland China home appliance business segment, and Electronics Cooling business segment. The company generates a majority of its revenues from the electronics cooling business department segment. Its geographic markets include Domestic, Mainland China, Germany, America, Japan, South Korea, and Others.

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