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EC World Real Estate Investment Trust (SGX:BWCU) ROC (Joel Greenblatt) % : 47.71% (As of Mar. 2024)


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What is EC World Real Estate Investment 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. EC World Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 47.71%.

The historical rank and industry rank for EC World Real Estate Investment Trust's ROC (Joel Greenblatt) % or its related term are showing as below:

SGX:BWCU' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 28.38   Med: 192.74   Max: 604.98
Current: 28.38

During the past 8 years, EC World Real Estate Investment Trust's highest ROC (Joel Greenblatt) % was 604.98%. The lowest was 28.38%. And the median was 192.74%.

SGX:BWCU's ROC (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 112.295 vs SGX:BWCU: 28.38

EC World Real Estate Investment Trust's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -40.30% per year.


EC World Real Estate Investment Trust ROC (Joel Greenblatt) % Historical Data

The historical data trend for EC World Real Estate Investment 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.

EC World Real Estate Investment Trust ROC (Joel Greenblatt) % Chart

EC World Real Estate Investment Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 217.55 255.11 167.92 94.58 29.25

EC World Real Estate Investment Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 41.31 37.43 45.78 50.46 47.71

Competitive Comparison of EC World Real Estate Investment Trust's ROC (Joel Greenblatt) %

For the REIT - Industrial subindustry, EC World Real Estate Investment 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.


EC World Real Estate Investment Trust's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where EC World Real Estate Investment Trust's ROC (Joel Greenblatt) % falls into.



EC World Real Estate Investment 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(31.577 + 0 + 415.687) - (123.449 + 0 + 143.076)
=180.739

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(112.343 + 0 + 0.09899999999999) - (163.104 + 0 + 0.022999999999911)
=-50.685

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of EC World Real Estate Investment Trust for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=86.232/( ( (0 + max(180.739, 0)) + (0 + max(-50.685, 0)) )/ 1 )
=86.232/( ( 180.739 + 0 )/ 1 )
=86.232/180.739
=47.71 %

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


EC World Real Estate Investment Trust  (SGX:BWCU) 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.


EC World Real Estate Investment Trust ROC (Joel Greenblatt) % Related Terms

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EC World Real Estate Investment Trust (SGX:BWCU) Business Description

Traded in Other Exchanges
Address
6 Shenton Way No 41-03, OUE Downtown 1, Singapore, SGP, 068809
EC World Real Estate Investment Trust is engaged in investing in a diversified portfolio of income producing real estate properties used for e-commerce, supply chain management, and third party logistics purposes as well as real estate-related assets. The company's segments include Port logistics, Specialised logistics and E-commerce logistics. These properties are concentrated in one geographical location People's Republic of China.

EC World Real Estate Investment Trust (SGX:BWCU) Headlines

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