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Equity One (Equity One) ROC (Joel Greenblatt) % : 3.79% (As of Dec. 2016)


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What is Equity One 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. Equity One's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2016 was 3.79%.

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

EQY's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 112.295
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Equity One ROC (Joel Greenblatt) % Historical Data

The historical data trend for Equity One'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.

Equity One ROC (Joel Greenblatt) % Chart

Equity One Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.26 4.01 4.30 4.34 3.92

Equity One Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 3.81 4.48 4.48 3.16 3.79

Competitive Comparison of Equity One's ROC (Joel Greenblatt) %

For the REIT - Retail subindustry, Equity One'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.


Equity One's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Equity One's ROC (Joel Greenblatt) % falls into.



Equity One 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. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.25) - (76.974 + 13.75 + 165.527)
=-256.001

Working Capital(Q: Dec. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.871 + 0 + 0.25) - (61.423 + 14.041 + 0)
=-62.343

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Equity One for the quarter that ended in Dec. 2016 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2016  Q: Dec. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=119.072/( ( (3091.606 + max(-256.001, 0)) + (3193.06 + max(-62.343, 0)) )/ 2 )
=119.072/( ( 3091.606 + 3193.06 )/ 2 )
=119.072/3142.333
=3.79 %

Note: The EBIT data used here is four times the quarterly (Dec. 2016) 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.


Equity One  (NYSE:EQY) 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.


Equity One ROC (Joel Greenblatt) % Related Terms

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Equity One (Equity One) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Equity One is a retail real estate investment trust that mainly owns and manages neighborhood shopping centers often anchored by supermarkets, drugstores, or discount retail stores. Recently, Equity One owned roughly 160 properties in 13 states, with concentrations in south Florida (27% of assets), the Northeast (27%), California (21%), and north Florida (10%).
Executives
David R Lukes officer: Chief Executive Officer 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Galia Maor director 1600 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179
Matthew Louis Ostrower officer: CFO 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Michael Makinen officer: Chief Operating Officer 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Cynthia R Cohen director 1401 BRICKELL AVENUE, SUITE 640, C/O STRATEGIC MINDSHARE, MIAMI FL 33131
Jordan Heller director C/O BED BATH & BEYOND INC, 650 LIBERTY AVE, UNION NJ 07083
Mgn America, Llc 10 percent owner 1696 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179
Mgn Usa Inc 10 percent owner 1696 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH, FL 33179
Mgn (usa) 2016, Llc 10 percent owner 1696 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179
Ficus Inc 10 percent owner 1696 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179
Silver Maple (2001) Inc 10 percent owner 303-109 ATLANTIC AVENUE, TORONTO, A6 M6K1X4
Gazit America Inc 10 percent owner 303-109 ATLANTIC AVENUE, TORONTO A6 M6K1X4
Gazit First Generation Ll 10 percent owner 1696 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179
Gazit-globe Ltd 10 percent owner 1696 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179
Gazit 1995 Inc 10 percent owner 1696 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179