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Maxus Realty Trust (Maxus Realty Trust) ROC (Joel Greenblatt) % : 2.06% (As of Mar. 2008)


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What is Maxus Realty Trust 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. Maxus Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2008 was 2.06%.

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

MRTI's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 113.615
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Maxus Realty Trust ROC (Joel Greenblatt) % Historical Data

The historical data trend for Maxus Realty 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.

* Premium members only.

Maxus Realty Trust ROC (Joel Greenblatt) % Chart

Maxus Realty Trust Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.07 1.64 1.33 2.51 2.87

Maxus Realty Trust Quarterly Data
Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08
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 2.99 2.94 0.51 4.30 2.06

Competitive Comparison of Maxus Realty Trust's ROC (Joel Greenblatt) %

For the REIT - Residential subindustry, Maxus Realty 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.


Maxus Realty Trust's ROC (Joel Greenblatt) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Maxus Realty Trust's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Maxus Realty Trust 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. 2007 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.01 + 0 + 0) - (1.216 + 0 + 0)
=-1.206

Working Capital(Q: Mar. 2008 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.001 + 0 + 0) - (1.835 + 0 + 0)
=-1.834

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Maxus Realty Trust for the quarter that ended in Mar. 2008 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2008 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2007  Q: Mar. 2008
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.32/( ( (64.204 + max(-1.206, 0)) + (63.937 + max(-1.834, 0)) )/ 2 )
=1.32/( ( 64.204 + 63.937 )/ 2 )
=1.32/64.0705
=2.06 %

Note: The EBIT data used here is four times the quarterly (Mar. 2008) 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.


Maxus Realty Trust  (OTCPK:MRTI) 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.


Maxus Realty Trust ROC (Joel Greenblatt) % Related Terms

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Maxus Realty Trust (Maxus Realty Trust) Business Description

Traded in Other Exchanges
N/A
Address
104 Armour Road, PO Box 34729, North Kansas City, MO, USA, 64116
Maxus Realty Trust Inc is a real estate company. The trust's purpose is to acquire interests in income-producing real properties, primarily multifamily apartment communities. It invests in income-producing real properties and multifamily apartment communities.

Maxus Realty Trust (Maxus Realty Trust) Headlines