GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Wafer Works (Shanghai) Co Ltd (SHSE:688584) » Definitions » ROC (Joel Greenblatt) %

Wafer Works (Shanghai) Co (SHSE:688584) ROC (Joel Greenblatt) % : 5.40% (As of Sep. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Wafer Works (Shanghai) Co 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. Wafer Works (Shanghai) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.40%.

The historical rank and industry rank for Wafer Works (Shanghai) Co's ROC (Joel Greenblatt) % or its related term are showing as below:

SHSE:688584' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.18   Med: 10.87   Max: 18.32
Current: 5.31

During the past 7 years, Wafer Works (Shanghai) Co's highest ROC (Joel Greenblatt) % was 18.32%. The lowest was 5.18%. And the median was 10.87%.

SHSE:688584's ROC (Joel Greenblatt) % is ranked worse than
55.5% of 1000 companies
in the Semiconductors industry
Industry Median: 7.92 vs SHSE:688584: 5.31

Wafer Works (Shanghai) Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.40% per year.


Wafer Works (Shanghai) Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Wafer Works (Shanghai) 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.

* Premium members only.

Wafer Works (Shanghai) Co ROC (Joel Greenblatt) % Chart

Wafer Works (Shanghai) Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 10.87 5.18 10.65 16.28 11.30

Wafer Works (Shanghai) Co Quarterly Data
Dec17 Dec18 Dec19 Dec20 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 14.70 6.33 4.15 5.41 5.40

Competitive Comparison of Wafer Works (Shanghai) Co's ROC (Joel Greenblatt) %

For the Semiconductor Equipment & Materials subindustry, Wafer Works (Shanghai) 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.


Wafer Works (Shanghai) Co's ROC (Joel Greenblatt) % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Wafer Works (Shanghai) Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Wafer Works (Shanghai) Co's ROC (Joel Greenblatt) % falls into.



Wafer Works (Shanghai) 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:

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)
=(243.839 + 328.236 + 25.447) - (299.911 + 0 + 79.41)
=218.201

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(244.661 + 316.341 + 30.92) - (113.722 + 0 + 76.594)
=401.606

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Wafer Works (Shanghai) Co 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 )
=147.768/( ( (2450.189 + max(218.201, 0)) + (2404.647 + max(401.606, 0)) )/ 2 )
=147.768/( ( 2668.39 + 2806.253 )/ 2 )
=147.768/2737.3215
=5.40 %

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.


Wafer Works (Shanghai) Co  (SHSE:688584) 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.


Wafer Works (Shanghai) Co ROC (Joel Greenblatt) % Related Terms

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


Wafer Works (Shanghai) Co Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Changta Road, No. 558, Shihudang Town, Songjiang District, Shanghai, CHN, 201617
Wafer Works (Shanghai) Co Ltd is engaged in the manufacturing of semiconductor silicon epitaxial wafers in China. Its main products are semiconductor silicon epitaxial wafers and is mainly used to prepare power devices and analog chips, and are widely used in automobiles, communications, electric power, industry, consumer electronics, high-end equipment, and other fields.
Executives
Wu Hong Ming Core technical personnel
Zhong You Sheng Core technical personnel
Gao Xuan Core technical personnel
Chen Jian Gang Senior management, core technical personnel
Guan Ji Meng senior management
Jiao Ping Hai Director
Mao Rui Yuan Director
Zou Chong Sheng Core technical personnel
Tai Zhong He Director
Shang Hai Bo Core technical personnel
Lin Jian Heng Core technical personnel
Zhuang Zi Beng senior management
Liu Su Sheng Director

Wafer Works (Shanghai) Co Headlines

No Headlines