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Brookfield Canada Office Properties (Brookfield Canada Office Properties) ROC (Joel Greenblatt) % : 5.33% (As of Mar. 2017)


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What is Brookfield Canada Office Properties 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. Brookfield Canada Office Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was 5.33%.

The historical rank and industry rank for Brookfield Canada Office Properties's ROC (Joel Greenblatt) % or its related term are showing as below:

BOXC's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 105.695
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Brookfield Canada Office Properties's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Brookfield Canada Office Properties ROC (Joel Greenblatt) % Historical Data

The historical data trend for Brookfield Canada Office Properties'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.

Brookfield Canada Office Properties ROC (Joel Greenblatt) % Chart

Brookfield Canada Office Properties Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 12.51 4.97 3.57 6.62 3.07

Brookfield Canada Office Properties Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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 2.33 4.65 -0.19 5.71 5.33

Competitive Comparison of Brookfield Canada Office Properties's ROC (Joel Greenblatt) %

For the REIT - Office subindustry, Brookfield Canada Office Properties'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.


Brookfield Canada Office Properties's ROC (Joel Greenblatt) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Brookfield Canada Office Properties's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Brookfield Canada Office Properties's ROC (Joel Greenblatt) % falls into.



Brookfield Canada Office Properties 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. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 5.923) - (125.047 + 0 + 0)
=-119.124

Working Capital(Q: Mar. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 5.379) - (165.907 + 0 + 0)
=-160.528

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Brookfield Canada Office Properties for the quarter that ended in Mar. 2017 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2016  Q: Mar. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=244.716/( ( (4559.037 + max(-119.124, 0)) + (4631.658 + max(-160.528, 0)) )/ 2 )
=244.716/( ( 4559.037 + 4631.658 )/ 2 )
=244.716/4595.3475
=5.33 %

Note: The EBIT data used here is four times the quarterly (Mar. 2017) 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.


Brookfield Canada Office Properties  (NYSE:BOXC) 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.


Brookfield Canada Office Properties ROC (Joel Greenblatt) % Related Terms

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Brookfield Canada Office Properties (Brookfield Canada Office Properties) Business Description

Traded in Other Exchanges
N/A
Address
Brookfield Canada Office Properties is an unincorporated, closed-end real estate investment trust established under and governed by the laws of the Province of Ontario, Canada and created pursuant to a declaration of trust dated March 19, 2010. The Trust invests, develops and operates commercial office properties in Toronto, Ottawa, Calgary, and Vancouver. The Trust has one business segment: the ownership and operation of investment properties in Canada. Its asset profile includes: commercial properties and commercial developments. Commercial properties comprise of its direct interests in wholly-owned commercial properties and proportionate share of the related assets, liabilities, revenue and expenses in its jointly controlled commercial properties; commercial development consists of the Bay Adelaide East development site, acquired from its parent company, BPO. Its primary markets are the financial, government and energy sectors. As an owner and manager of real property, the Trust is subject to various laws relating to environmental matters. It is also subject to risks associated with human exposure to chemical or biological contaminants such as molds, pollens, viruses and bacteria which, above certain levels, can be alleged to be connected to allergic or other health effects and symptoms in susceptible individuals.

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