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Netlist (Netlist) ROC (Joel Greenblatt) % : -2,217.58% (As of Dec. 2023)


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What is Netlist 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. Netlist's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2,217.58%.

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

NLST' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4608.49   Med: -447.02   Max: 111.85
Current: -2457.41

During the past 13 years, Netlist's highest ROC (Joel Greenblatt) % was 111.85%. The lowest was -4608.49%. And the median was -447.02%.

NLST's ROC (Joel Greenblatt) % is ranked worse than
99.19% of 992 companies
in the Semiconductors industry
Industry Median: 8.765 vs NLST: -2457.41

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


Netlist ROC (Joel Greenblatt) % Historical Data

The historical data trend for Netlist'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.

Netlist ROC (Joel Greenblatt) % Chart

Netlist 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 -1,499.54 -219.42 111.85 -271.23 -1,056.94

Netlist Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -1,035.19 -1,979.63 -2,620.59 -2,217.58 -3,086.70

Competitive Comparison of Netlist's ROC (Joel Greenblatt) %

For the Semiconductors subindustry, Netlist'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.


Netlist's ROC (Joel Greenblatt) % Distribution in the Semiconductors Industry

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

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



Netlist 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.544 + 9.175 + 8.088) - (30.538 + 0 + 0)
=-8.731

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.562 + 12.031 + 12.841) - (43.746 + 0 + 0)
=-14.312

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Netlist for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-54.996/( ( (2.6 + max(-8.731, 0)) + (2.36 + max(-14.312, 0)) )/ 2 )
=-54.996/( ( 2.6 + 2.36 )/ 2 )
=-54.996/2.48
=-2,217.58 %

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


Netlist  (OTCPK:NLST) 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.


Netlist ROC (Joel Greenblatt) % Related Terms

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


Netlist (Netlist) Business Description

Traded in Other Exchanges
Address
111 Academy, Suite 100, Irvine, CA, USA, 92617
Netlist Inc is involved in the business of designing and manufacturing modular memory subsystems and also cloud service providers. Its products include Storage class memory, nonvolatile memory, specialty DIMMs and embedded flash. The company's products are based on its proprietary technologies such as Presight technology, Distributed buffer architecture, IC design, PCB designs, Thermal management designs.
Executives
Gail Misako Itow officer: Vice President and CFO C/O NETLIST, INC., 51 DISCOVERY, STE 150, IRVINE CA 92618
Chun K Hong director, 10 percent owner, officer: President,CEO & Chairman C/O NETLIST, INC., 51 DISCOVERY, STE 150, IRVINE CA 92618
Kiho Choi director 3435 WILSHIRE BLVD., SUITE 2240, LOS ANGELES CA 90010
Jeff Benck director BENCHMARK ELECTRONICS, INC., 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Vince Sheeran director 175 TECHNOLOGY DRIVE, IRVINE CA 92618
Jun Cho director C/O NETLIST, INC., 475 GODDARD, IRVINE CA 92618
Blake Welcher director 5220 LAS VIRGENES ROAD, CALABASAS CA 91302
Charles F Cargile director C/O SUNWORKS, INC., 1010 WINDING CREEK ROAD, SUITE 100, ROSEVILLE CA 95678
Hk Desai director 26650 ALISO VIEJO PARKWAY, ALISO VIEJO CA 92656
Claude M Leglise director 875 MAHLER RD, STE 280, BURLINGAME CA 94010
Richard Char director 45 WEST 36TH STREET, NEW YORK NY 10018
Thomas F Lagatta director MARVELL SEMICONDUCTOR, INC., 5488 MARVELL LANE, SANTA CLARA CA 95054
Alan H Portnoy director C/O NETLIST, INC., 475 GODDARD, IRVINE CA 92618
Nam Ki Hong director C/O NETLIST, INC., 475 GODDARD, IRVINE CA 92618
James Patrick Perrott officer: SVP of Sales and Marketing 51 DISCOVERY, IRVINE CA 92618