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CatchMark Timber Trust (CatchMark Timber Trust) ROC (Joel Greenblatt) % : -48.62% (As of Jun. 2022)


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What is CatchMark Timber 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. CatchMark Timber Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -48.62%.

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

CTT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1402.73   Med: -192.15   Max: 629.06
Current: 245.83

During the past 13 years, CatchMark Timber Trust's highest ROC (Joel Greenblatt) % was 629.06%. The lowest was -1402.73%. And the median was -192.15%.

CTT's ROC (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 111.65 vs CTT: 245.83

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


CatchMark Timber Trust ROC (Joel Greenblatt) % Historical Data

The historical data trend for CatchMark Timber 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.

CatchMark Timber Trust ROC (Joel Greenblatt) % Chart

CatchMark Timber Trust Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -48.43 -1,402.73 -665.63 -13.93 629.06

CatchMark Timber Trust Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 41.61 214.72 1,348.00 201.03 -48.62

Competitive Comparison of CatchMark Timber Trust's ROC (Joel Greenblatt) %

For the REIT - Specialty subindustry, CatchMark Timber 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.


CatchMark Timber Trust's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

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



CatchMark Timber 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: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.187 + 0 + 9.179) - (2.773 + 0 + 0)
=9.593

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.852 + 0 + 18.179) - (7.143 + 0 + 0)
=14.888

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of CatchMark Timber Trust for the quarter that ended in Jun. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Jun. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-7.124/( ( (2.45 + max(9.593, 0)) + (2.371 + max(14.888, 0)) )/ 2 )
=-7.124/( ( 12.043 + 17.259 )/ 2 )
=-7.124/14.651
=-48.62 %

Note: The EBIT data used here is four times the quarterly (Jun. 2022) 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.


CatchMark Timber Trust  (NYSE:CTT) 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.


CatchMark Timber Trust ROC (Joel Greenblatt) % Related Terms

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CatchMark Timber Trust (CatchMark Timber Trust) Business Description

Traded in Other Exchanges
N/A
Address
5 Concourse Parkway, Suite 2650, Atlanta, GA, USA, 30328
CatchMark Timber Trust Inc is a United States-based real estate investment trust. The company acquires, owns, operates, manages, and disposes of timberland properties. The company's operating segments are Harvest, Real Estate, and Investment Management. The majority of its revenue comes from the Harvest segment, which includes wholly-owned timber assets and associated timber sales.
Executives
Brian M Davis officer: Senior VP and CFO 5 CONCOURSE PARKWAY, SUITE 2650 ATLANTA GA 30328
Ursula Godoy-arbelaez officer: CFO, SVP and Treasurer 5 CONCOURSE PARKWAY, SUITE 2650 ATLANTA GA 30328
James M Decosmo director 5 CONCOURSE PARKWAY, SUITE 2650, ATLANTA GA 30328
Tim E Bentsen director 5 CONCOURSE PARKWAY, SUITE 2650, ATLANTA GA 30328
Donald S Moss director 9165 ETCHING OVERLOOK, DULUTH GA 30097
Henry G Zigtema director 2620 FLINT CREEK DRIVE CUMMING GA 30041
Jerry Barag officer: President & CEO 427 LANGLEY OAK DRIVE MARIETTA GA 30067
Todd Reitz officer: SVP, Forest Resources 4870 HANSARD DR CUMMING GA 30040
Paul S Fisher director
Lesley H Solomon officer: General Counsel 1666 DUNCAN DRIVE ATLANTA GA 30318
Mary E Mcbride director 6199 E. PRINCETON CIRCLE, ENGLEWOOD CO 80111
Douglas Rubenstein director C/O CATCHMARK TIMBER TRUST INC. 5 CONCOURSE PARKWAY, SUITE 2650 ATLANTA GA 30328
John F Rasor officer: COO and Secretary
Willis J Potts director C/O CATCHMARK TIMBER TRUST, INC. 5 CONCOURSE PARKWAY, SUITE 2650 ATLANTA GA 30328
Alan D Gold director 17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128