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Maxeon Solar Technologies (Maxeon Solar Technologies) ROC (Joel Greenblatt) % : -91.80% (As of Sep. 2023)


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What is Maxeon Solar 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. Maxeon Solar Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -91.80%.

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

MAXN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -201.69   Med: -49.5   Max: -21.98
Current: -21.98

During the past 5 years, Maxeon Solar Technologies's highest ROC (Joel Greenblatt) % was -21.98%. The lowest was -201.69%. And the median was -49.50%.

MAXN's ROC (Joel Greenblatt) % is ranked worse than
83% of 994 companies
in the Semiconductors industry
Industry Median: 8.765 vs MAXN: -21.98

Maxeon Solar Technologies's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Maxeon Solar Technologies ROC (Joel Greenblatt) % Historical Data

The historical data trend for Maxeon Solar 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.

Maxeon Solar Technologies ROC (Joel Greenblatt) % Chart

Maxeon Solar Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
-201.69 -46.17 -29.86 -58.65 -49.50

Maxeon Solar Technologies Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -29.07 -41.01 36.61 13.30 -91.80

Competitive Comparison of Maxeon Solar Technologies's ROC (Joel Greenblatt) %

For the Solar subindustry, Maxeon Solar 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.


Maxeon Solar Technologies's ROC (Joel Greenblatt) % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Maxeon Solar Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Maxeon Solar 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: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(61.731 + 349.336 + 63.151) - (272.263 + 177.921 + 47.294)
=-23.26

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(91.332 + 386.14 + 93.79) - (282.674 + 204.494 + 0)
=84.094

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Maxeon Solar Technologies for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-392.032/( ( (387.174 + max(-23.26, 0)) + (382.814 + max(84.094, 0)) )/ 2 )
=-392.032/( ( 387.174 + 466.908 )/ 2 )
=-392.032/427.041
=-91.80 %

Note: The EBIT data used here is four times the quarterly (Sep. 2023) 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.


Maxeon Solar Technologies  (NAS:MAXN) 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.


Maxeon Solar Technologies ROC (Joel Greenblatt) % Related Terms

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Maxeon Solar Technologies (Maxeon Solar Technologies) Business Description

Traded in Other Exchanges
Address
8 Marina Boulevard No. 05-02, Marina Bay Financial Centre, Singapore, SGP, 018981
Maxeon Solar Technologies Ltd is engaged in the manufacturing and marketing of premium solar technology. It owns and operates solar cell and panel manufacturing facilities located in Malaysia, Mexico, and the Philippines. The company's primary products are the Maxeon line of interdigitated back contact (IBC) solar cells and panels, and the Performance line (formerly, P-Series) of shingled solar cells and panels. the Maxeon line of solar panels are the highest-efficiency solar panels on the market with an aesthetically pleasing design, and the Performance line of solar panels offers a high-value and cost-effective solution. It is targeted at residential and small-scale commercial customers across the globe. The company derives its revenue from the United States, France, Italy, and Others.