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Fundo Invest Imobiliario Grand Plaza Shopping (BSP:ABCP11) ROC (Joel Greenblatt) % : 1,294.62% (As of Dec. 2023)


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What is Fundo Invest Imobiliario Grand Plaza Shopping 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. Fundo Invest Imobiliario Grand Plaza Shopping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1,294.62%.

The historical rank and industry rank for Fundo Invest Imobiliario Grand Plaza Shopping's ROC (Joel Greenblatt) % or its related term are showing as below:

BSP:ABCP11' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 560.96   Med: 1500.36   Max: 8544.98
Current: 1294.62

During the past 13 years, Fundo Invest Imobiliario Grand Plaza Shopping's highest ROC (Joel Greenblatt) % was 8544.98%. The lowest was 560.96%. And the median was 1500.36%.

BSP:ABCP11's ROC (Joel Greenblatt) % is ranked better than
79.08% of 564 companies
in the REITs industry
Industry Median: 112.295 vs BSP:ABCP11: 1294.62

Fundo Invest Imobiliario Grand Plaza Shopping's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -12.20% per year.


Fundo Invest Imobiliario Grand Plaza Shopping ROC (Joel Greenblatt) % Historical Data

The historical data trend for Fundo Invest Imobiliario Grand Plaza Shopping'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.

Fundo Invest Imobiliario Grand Plaza Shopping ROC (Joel Greenblatt) % Chart

Fundo Invest Imobiliario Grand Plaza Shopping Annual Data
Trend Dec13 Dec14 Dec15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,590.05 560.96 687.83 1,410.66 1,294.62

Fundo Invest Imobiliario Grand Plaza Shopping Semi-Annual Data
Dec07 Dec08 Dec09 Dec10 Dec13 Dec14 Dec15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 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 1,590.05 560.96 687.83 1,410.66 1,294.62

Competitive Comparison of Fundo Invest Imobiliario Grand Plaza Shopping's ROC (Joel Greenblatt) %

For the REIT - Retail subindustry, Fundo Invest Imobiliario Grand Plaza Shopping'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.


Fundo Invest Imobiliario Grand Plaza Shopping's ROC (Joel Greenblatt) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fundo Invest Imobiliario Grand Plaza Shopping's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Fundo Invest Imobiliario Grand Plaza Shopping's ROC (Joel Greenblatt) % falls into.



Fundo Invest Imobiliario Grand Plaza Shopping 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: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.329 + 0 + 0) - (1.563 + 0 + 4.468)
=1.298

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.306 + 0 + 0) - (3.396 + 0 + 0.188)
=3.722

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Fundo Invest Imobiliario Grand Plaza Shopping 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: Dec. 2022  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=32.495/( ( (0 + max(1.298, 0)) + (0 + max(3.722, 0)) )/ 2 )
=32.495/( ( 1.298 + 3.722 )/ 2 )
=32.495/2.51
=1,294.62 %

Note: The EBIT data used here is one times the annual (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.


Fundo Invest Imobiliario Grand Plaza Shopping  (BSP:ABCP11) 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.


Fundo Invest Imobiliario Grand Plaza Shopping ROC (Joel Greenblatt) % Related Terms

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Fundo Invest Imobiliario Grand Plaza Shopping (BSP:ABCP11) Business Description

Traded in Other Exchanges
N/A
Address
Avenue Chedid Jafet, 222, Block, 3rd Floor - Vila Olimpia, Sao paulo, BRA, 04511-065
Fundo Invest Imobiliario Grand Plaza Shopping, formerly Fundo de Investimento Imobiliario ABC Plaza Shopping is a real estate investment trust.

Fundo Invest Imobiliario Grand Plaza Shopping (BSP:ABCP11) Headlines

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