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Emerging Display Technologies (TPE:3038) ROC (Joel Greenblatt) % : 22.94% (As of Dec. 2024)


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What is Emerging Display Technologies 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. Emerging Display Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 22.94%.

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

TPE:3038' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.3   Med: 26.44   Max: 44.82
Current: 39.38

During the past 13 years, Emerging Display Technologies's highest ROC (Joel Greenblatt) % was 44.82%. The lowest was 7.30%. And the median was 26.44%.

TPE:3038's ROC (Joel Greenblatt) % is ranked better than
83.65% of 2446 companies
in the Hardware industry
Industry Median: 10.4 vs TPE:3038: 39.38

Emerging Display Technologies's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 10.10% per year.


Emerging Display Technologies ROC (Joel Greenblatt) % Historical Data

The historical data trend for Emerging Display Technologies'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.

Emerging Display Technologies ROC (Joel Greenblatt) % Chart

Emerging Display Technologies Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.73 22.13 40.28 44.82 37.00

Emerging Display Technologies Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 27.22 59.67 45.34 34.72 22.94

Competitive Comparison of Emerging Display Technologies's ROC (Joel Greenblatt) %

For the Electronic Components subindustry, Emerging Display Technologies'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.


Emerging Display Technologies's ROC (Joel Greenblatt) % Distribution in the Hardware Industry

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

* The bar in red indicates where Emerging Display Technologies's ROC (Joel Greenblatt) % falls into.


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Emerging Display Technologies 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: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(522.847 + 716.077 + 47.924) - (740.789 + 0 + 61.038)
=485.021

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(529.908 + 658.877 + 48.885) - (736.321 + 0 + 43.782)
=457.567

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Emerging Display Technologies for the quarter that ended in Dec. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=252.648/( ( (635.676 + max(485.021, 0)) + (624.212 + max(457.567, 0)) )/ 2 )
=252.648/( ( 1120.697 + 1081.779 )/ 2 )
=252.648/1101.238
=22.94 %

Note: The EBIT data used here is four times the quarterly (Dec. 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.


Emerging Display Technologies  (TPE:3038) 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.


Emerging Display Technologies ROC (Joel Greenblatt) % Related Terms

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


Emerging Display Technologies Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Central 1st Road, Qianzhen District, Kaohsiung, TWN
Emerging Display Technologies Corp is engaged in manufacturing and selling Capacity Touch Panels and Liquid Crystal Displays (LCDs). Its operating segments include the Domestic segment, the North America segment, and the Mainland China segment. The Domestic segment engages in designing, manufacturing, and selling liquid crystal display modules and capacitive touch panels. The North America segment mainly expands the North American trading business and deals with the sale of liquid crystal displays provided by the domestic segment. The Mainland China segment engages in the manufacture of processing raw materials and supplies provided by the domestic segment. Geographically, the company derives key revenue from Europe and the rest from America, and other regions.

Emerging Display Technologies Headlines

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