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Horng Terng Automation CoROCO:7751 +9.89%22 ROC (Joel Greenblatt) % is 448.58% as of Mar. 2026, which is 7% below its 10-year median of 480.86. GuruFocus rates ROCO:7751 with a GF Score™ of 22/100. The stock has 2 warning signs investors should review. Among 1,029 Semiconductors companies, Horng Terng Automation Co ranks better than 98.74% on this metric.
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. Horng Terng Automation Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 448.58%.
The historical rank and industry rank for Horng Terng Automation Co's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:7751'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 260.86 Med: 480.86 Max: 661.79
Current: 483.75
During the past 5 years, Horng Terng Automation Co's highest ROC (Joel Greenblatt) % was 661.79%. The lowest was 260.86%. And the median was 480.86%.
ROCO:7751's ROC (Joel Greenblatt) % is ranked better than 98.74% of 1029
companies
in the Semiconductors industry
Industry Median: 8.65
vs ROCO:7751: 483.75
Horng Terng Automation Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Horng Terng Automation Co (ROCO:7751) 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.
Horng Terng Automation Co ROC (Joel Greenblatt) % Related Terms
Horng Terng Automation Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Horng Terng Automation Co'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.
Horng Terng Automation Co ROC (Joel Greenblatt) % Chart
ROCO:7751 vs AMAT, LRCX, KLAC: ROC (Joel Greenblatt) % Comparison
For the Semiconductor Equipment & Materials subindustry, Horng Terng Automation Co'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.
Horng Terng Automation Co ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Horng Terng Automation Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Horng Terng Automation Co's ROC (Joel Greenblatt) % falls into.
Horng Terng Automation Co 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:
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 (Mar. 2026) 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 448.58% mean?
Horng Terng Automation Co (ROCO:7751) has a ROC (Joel Greenblatt) % of 448.58% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Horng Terng Automation Co and its competitors. This is near median its historical median of 480.86. Over the past decade, Horng Terng Automation Co's ROC (Joel Greenblatt) % has ranged from 260.86 to 661.79. According to the industry distribution chart, Horng Terng Automation Co ranks #13 out of 1029 companies in the Semiconductors industry, placing it in the top 1.3%.
Is Horng Terng Automation Co's ROC (Joel Greenblatt) % too high?
Horng Terng Automation Co's current ROC (Joel Greenblatt) % of 448.58% is near median its 10-year median of 480.86. Over the past 10 years, this metric has ranged from a low of 260.86 to a high of 661.79. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.65. Horng Terng Automation Co's value of 448.58% is 5085.9% above this industry median. Based on the distribution chart, Horng Terng Automation Co ranks #13 out of 1029 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Horng Terng Automation Co has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Horng Terng Automation Co's ROC (Joel Greenblatt) % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Horng Terng Automation Co ranks #13 out of 1029 companies for ROC (Joel Greenblatt) %. This places Horng Terng Automation Co in the top 1% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.65. Horng Terng Automation Co's value of 448.58% is 5085.9% above this benchmark. Historically, Horng Terng Automation Co's own ROC (Joel Greenblatt) % has ranged from 260.86 to 661.79 over the past decade. While the company's 10-year median is 480.86 vs. the industry median of 8.65, Horng Terng Automation Co has consistently been above the industry average. 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 8.65, based on 1,029 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. Horng Terng Automation Co's current ROC (Joel Greenblatt) % of 448.58% is 5085.9% 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 Horng Terng Automation Co and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horng Terng Automation Co's current ROC (Joel Greenblatt) % is 448.58%, which is near median its own 10-year median of 480.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horng Terng Automation Co stock overvalued right now?
Horng Terng Automation Co (ROCO:7751) has a current ROC (Joel Greenblatt) % of 448.58%. The current ROC (Joel Greenblatt) % is 448.58%, which is near median its 10-year median of 480.86 and 5085.9% above the Semiconductors industry median of 8.65. Horng Terng Automation Co's overall GF Score™ is 22/100 with 2 warning signs to review. 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 Horng Terng Automation Co (ROCO:7751), the current ROC (Joel Greenblatt) % is 448.58% as of Mar. 2026. 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.
Horng Terng Automation Co Ltd is a Company that concentrates all its efforts on continuous research and development and upgrading of skills, providing complete technologies and equipment to customers, and providing customized equipment development and design, detection efficiency improvement, equipment integration and application, and other immediate and complete solutions based on customer development trends. The Company generates revenue from the research and development, manufacturing, and sale of semiconductor automation equipment. It mainly focuses on the R&D, production, and sale of semiconductor automation equipment.
22GF Score
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