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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. InnSuites Hospitality Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was -52.43%.
The historical rank and industry rank for InnSuites Hospitality Trust's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, InnSuites Hospitality Trust's highest ROC (Joel Greenblatt) % was 34.20%. The lowest was -135.61%. And the median was -24.22%.
InnSuites Hospitality Trust's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for InnSuites Hospitality Trust'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.
InnSuites Hospitality Trust Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial | -135.61 | -108.21 | 34.20 | -10.58 | -29.05 |
InnSuites Hospitality Trust Quarterly Data | ||||||||||||||||||||
Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial | 44.47 | -25.45 | -105.53 | 37.75 | -52.43 |
For the REIT - Hotel & Motel subindustry, InnSuites Hospitality Trust'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.
For the REITs industry and Real Estate sector, InnSuites Hospitality Trust's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where InnSuites Hospitality Trust's ROC (Joel Greenblatt) % falls into.
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: Apr. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.134 | + | 0 | + | 0.773) | - | (0.816 | + | 0 | + | 0) |
= | 0.091 |
Working Capital | (Q: Jul. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.041 | + | 0 | + | 0.767) | - | (0.918 | + | 0 | + | 0) |
= | -0.11 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of InnSuites Hospitality Trust for the quarter that ended in Jul. 2024 can be restated as:
ROC (Joel Greenblatt) % | (Q: Jul. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Apr. 2024 | Q: Jul. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -1.128 | / | ( ( (2.109 + max(0.091, 0)) | + | (2.103 + max(-0.11, 0)) ) | / | 2 ) |
= | -1.128 | / | ( ( 2.2 | + | 2.103 ) | / | 2 ) |
= | -1.128 | / | 2.1515 | ||||
= | -52.43 % |
Note: The EBIT data used here is four times the quarterly (Jul. 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.
InnSuites Hospitality Trust (AMEX:IHT) 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.
Thank you for viewing the detailed overview of InnSuites Hospitality Trust's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
James F Wirth | director, 10 percent owner, officer: President, other: Chairman and CEO | 1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020 |
Jr Chase | director | 10202 NORTH 15TH AVENUE, APT #2, PHOENIX AZ 85021 |
Pamela J Barnhill | officer: President and COO | C/O INNSUITES HOSPITALITY TRUST, 1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020 |
Cynthia Ketcherside | director | C/O INNSUITES HOSPITALITY TRUST, 1625 E. NORTHERN AVENUE, SUITE #105, PHEONIX AZ 85020 |
Adam B Remis | officer: Chief Financial Officer | C/O INNSUITES HOSPITALITY TRUST, 1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020 |
Leslie T Kutasi | director | C/O INNSUITES HOSPITALITY TRUST, 1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020 |
Robert R. Mazakis | officer: Principal Accounting Officer | C/O INNSUITES HOTELS CENTRE, 1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020-3960 |
Steven S Robson | director | 1615 EAST NORTHERN AVE, SUITE 102, C/O INNSUITES HOSPITALITY TRUST, PHOENIX AZ 85020 |
Larry Pelegrin | director | 5143 E. SIERRA SUNSET TRAIL, CAVE CREEK AZ 85331 |
Peter A Thoma | director | 1615 EAST NORTHERN AVE, SUITE 102, C/O INNSUITES HOSPITALITY TRUST, PHOENIX AZ 85020 |
Mason Anderson | director | 3024 WEST SAHUARO DRIVE, PHOENIX AZ 85029 |
Marc E Berg | director, officer: Executive Vice President, other: Secretary and Treasurer | 1615 EAST NORTHERN AVE, SUITE 102, C/O INNSUITES HOSPITALITY TRUST, PHOENIX AZ 85020 |
Stephen A Mcconnell | director | 6700 EAST SOLANO DRIVE, PARADISE VALLEY AZ 85253 |
Gail J Wirth | 10 percent owner | 1615 E NORTHERN AVE, STE 105, PHOENIX AZ 85020 |
Anthony B Waters | officer: Chief Financial Officer | 1615 EAST NORTHERN AVE, SUITE 102, C/O INNSUITES HOSPITALITY TRUST, PHOENIX AZ 85020 |
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