GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Weingarten Realty Investors (NYSE:WRI) » Definitions » ROC (Joel Greenblatt) %

Weingarten Realty Investors (Weingarten Realty Investors) ROC (Joel Greenblatt) % : 298.46% (As of Jun. 2021)


View and export this data going back to 1988. Start your Free Trial

What is Weingarten Realty Investors 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. Weingarten Realty Investors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 298.46%.

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

WRI' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.76   Med: 615.37   Max: 5274.32
Current: 343.62

During the past 13 years, Weingarten Realty Investors's highest ROC (Joel Greenblatt) % was 5274.32%. The lowest was 5.76%. And the median was 615.37%.

WRI's ROC (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 112.94 vs WRI: 343.62

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


Weingarten Realty Investors ROC (Joel Greenblatt) % Historical Data

The historical data trend for Weingarten Realty Investors'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.

Weingarten Realty Investors ROC (Joel Greenblatt) % Chart

Weingarten Realty Investors Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,274.32 1,498.64 757.86 - 194.62

Weingarten Realty Investors Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 868.30 1,028.28 201.12 294.13 298.46

Competitive Comparison of Weingarten Realty Investors's ROC (Joel Greenblatt) %

For the REIT - Retail subindustry, Weingarten Realty Investors'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.


Weingarten Realty Investors's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

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



Weingarten Realty Investors 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: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(67.697 + 0 + 12.427) - (83.58 + 0 + 0)
=-3.456

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(70.039 + 0 + 11.702) - (95.979 + 0 + -4.002)
=-10.236

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Weingarten Realty Investors for the quarter that ended in Jun. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2021  Q: Jun. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=126.588/( ( (42.559 + max(-3.456, 0)) + (42.269 + max(-10.236, 0)) )/ 2 )
=126.588/( ( 42.559 + 42.269 )/ 2 )
=126.588/42.414
=298.46 %

Note: The EBIT data used here is four times the quarterly (Jun. 2021) 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.


Weingarten Realty Investors  (NYSE:WRI) 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.


Weingarten Realty Investors ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Weingarten Realty Investors's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Weingarten Realty Investors (Weingarten Realty Investors) Business Description

Traded in Other Exchanges
N/A
Address
2600 Citadel Plaza Drive, Suite 125, Houston, TX, USA, 77008
Weingarten, founded in 1948, is a self-advised REIT that owns, acquires, and develops neighborhood shopping centers. Ownership interest in more than 300 retail assets (47 msf) is diversified in 22 states with the top 10 tenants accounting for 14% of revenue. The largest state concentrations are Texas, Florida, and California, comprising 67% of rents. Economic occupancy is 91.2% and 75% of tenants are national/regional. Differentiating Weingarten is a 9% inside ownership in its outstanding shares, compared with a 1%-3% REIT industry average.
Executives
Shelaghmichael C. Brown director 1511 NANTUCKET, HOUSTON TX 77057
C Park Shaper director 1001 LOUISIANA, STE 1000, HOUSTON TX 77002
Marc J Shapiro director J.P. MORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Thomas L Ryan director 1929 ALLEN PARKWAY, HOUSTON TX 77219
Stephen A Lasher director
Douglas W Schnitzer director
Andrew M Alexander director, officer: CHAIRMAN/CEO/PRESIDENT
Stephen C Richter officer: EXEC VP/CFO
Johnny Hendrix officer: Executive VP/COO
Stanford J Alexander director, officer: CHAIRMAN 2600 JCITADEL PLAZA DRIVE HOUSTON TX 77008
James W Crownover director
Melvin A Dow director
Robert J Cruikshank director 2001 KIRBY, SUITE 313, HOUSTON TX 77019
Martin Debrovner officer: VICE CHAIRMAN
J Murry Bowden director 2600 CITADEL PLAZA DRIVE STE. 300 HOUSTON TX 77008