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Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) ROC (Joel Greenblatt) % : -1,519.51% (As of Dec. 2023)


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What is Dusit Thani Freehold and Leasehold REIT 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. Dusit Thani Freehold and Leasehold REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1,519.51%.

The historical rank and industry rank for Dusit Thani Freehold and Leasehold REIT's ROC (Joel Greenblatt) % or its related term are showing as below:

BKK:DREIT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 306.34   Med: 918.59   Max: 6526.94
Current: 2563.99

During the past 13 years, Dusit Thani Freehold and Leasehold REIT's highest ROC (Joel Greenblatt) % was 6526.94%. The lowest was 306.34%. And the median was 918.59%.

BKK:DREIT's ROC (Joel Greenblatt) % is ranked better than
83.92% of 566 companies
in the REITs industry
Industry Median: 112.295 vs BKK:DREIT: 2563.99

Dusit Thani Freehold and Leasehold REIT's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Dusit Thani Freehold and Leasehold REIT ROC (Joel Greenblatt) % Historical Data

The historical data trend for Dusit Thani Freehold and Leasehold REIT'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.

Dusit Thani Freehold and Leasehold REIT ROC (Joel Greenblatt) % Chart

Dusit Thani Freehold and Leasehold REIT 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 - 6,526.94 1,265.38 571.79 2,563.99

Dusit Thani Freehold and Leasehold REIT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - - -1,519.51

Competitive Comparison of Dusit Thani Freehold and Leasehold REIT's ROC (Joel Greenblatt) %

For the REIT - Hotel & Motel subindustry, Dusit Thani Freehold and Leasehold REIT'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.


Dusit Thani Freehold and Leasehold REIT's ROC (Joel Greenblatt) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Dusit Thani Freehold and Leasehold REIT's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Dusit Thani Freehold and Leasehold REIT's ROC (Joel Greenblatt) % falls into.



Dusit Thani Freehold and Leasehold REIT 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)
=(18.046 + 0 + 2.119) - (47.144 + 0 + 0)
=-26.979

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(42.3 + 0 + 0.81699999999995) - (28.422 + 0 + 0)
=14.695

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Dusit Thani Freehold and Leasehold REIT 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 )
=-223.292/( ( (0 + max(-26.979, 0)) + (0 + max(14.695, 0)) )/ 1 )
=-223.292/( ( 0 + 14.695 )/ 1 )
=-223.292/14.695
=-1,519.51 %

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.


Dusit Thani Freehold and Leasehold REIT  (BKK:DREIT) 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.


Dusit Thani Freehold and Leasehold REIT ROC (Joel Greenblatt) % Related Terms

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


Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) Business Description

Traded in Other Exchanges
N/A
Address
Phayathai Road, No. 319 Chamchuri Square Building, 29th Floor, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330
Dusit Thani Freehold and Leasehold REIT is a closed-end property fund engaged in seeking funds from investors to invest in property or property leasehold rights. The Trust invests in freehold and leasehold properties, including sublease high-quality real estate, hotels, and other types of property relevant or beneficial to hotel properties. Its operating segment includes Leasing and others. The company generates maximum revenue from the Leasing segment.

Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) Headlines

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