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Rouse Properties (Rouse Properties) ROC (Joel Greenblatt) % : 1.38% (As of Mar. 2016)


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What is Rouse 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. Rouse Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2016 was 1.38%.

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

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

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


Rouse Properties ROC (Joel Greenblatt) % Historical Data

The historical data trend for Rouse 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.

Rouse Properties ROC (Joel Greenblatt) % Chart

Rouse Properties Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 2.94 1.82 2.13 1.59 5.07

Rouse Properties Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 12.13 3.19 3.09 2.82 1.38

Competitive Comparison of Rouse Properties's ROC (Joel Greenblatt) %

For the REIT - Retail subindustry, Rouse 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.


Rouse Properties's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

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



Rouse 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. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(43.196 + 0 + 140.133) - (135.783 + 5.42 + 6.085)
=36.041

Working Capital(Q: Mar. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(43.434 + 0 + 78.727) - (113.684 + 3.88 + 10.428)
=-5.8309999999999

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Rouse Properties for the quarter that ended in Mar. 2016 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2015  Q: Mar. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=32.656/( ( (2340.509 + max(36.041, 0)) + (2350.34 + max(-5.8309999999999, 0)) )/ 2 )
=32.656/( ( 2376.55 + 2350.34 )/ 2 )
=32.656/2363.445
=1.38 %

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


Rouse Properties  (NYSE:RSE) 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.


Rouse Properties ROC (Joel Greenblatt) % Related Terms

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Rouse Properties (Rouse Properties) Business Description

Traded in Other Exchanges
N/A
Address
Rouse Properties Inc was incorporated in Delaware in August 2011. The Company is a real estate investment trust. It owns and manages regional malls in protected markets in the United States. The Company operates through retail segment, which includes the operation, development and management of regional malls. It has a portfolio, including approximately 40 malls and retail centers in over 20 states totaling over 24.9 million square feet of retail space. Its properties include Animas Valley Mall located in Farmington, New Mexico; Bayshore Mall located in Eureka, California; Birchwood Mall Port located in Huron, Michigan; Cache Valley Mall located in Logan, Utah; Three Rivers Mall located in Kelso, Washington; Valley Hills Mall located in Hickory, North Carolina, and Washington Park Mall located in Bartlesville, Oklahoma. The Company's malls are equipped by operators, including department stores, such as Dick's Sporting Goods and Target; mall shop tenants, such as Francesca's, Justice and Ulta; restaurants, such as Chick-fil-A and Starbucks, and movie theaters, such as Cinemark and Regal.
Executives
Brookfield Asset Management Inc. 10 percent owner BROOKFIELD PLACE, 181 BAY ST, STE 100, PO BOX 762, TORONTO A6 M5J2T3
Partners Ltd 10 percent owner 181 BAY STREET, BROOKFIELD PLACE, SUITE 300, TORONTO A6 M5J2T3
Brookfield Us Corp 10 percent owner THREE WORLD FINANCIAL CENTER, 200 VESEY STREET, 11TH FLOOR, NEW YORK NY 10281
Brookfield Us Holdings Inc. 10 percent owner THREE WORLD FINANCIAL CENTER, 200 VESEY STREET, 11TH FLOOR, NEW YORK NY 10281
Brookfield Holdings Canada Inc. 10 percent owner 181 BAY STREET, BROOKFIELD PLACE, SUITE 300, TORONTO A6 M5J2T3
Brookfield Property Partners Ltd 10 percent owner 73 FRONT STREET 5TH FLOOR HAMILTON D0 HM 12
Brookfield Retail Holdings Iv-c Sub Ii Llc other: See footnotes (1)(2)(3) 250 VESEY STREET, 15TH FLOOR NEW YORK NY 10281
Brookfield Retail Holdings Iv-d Sub Ii Llc other: See footnotes (1)(2)(3) 250 VESEY STREET, 15TH FLOOR NEW YORK NY 10281
Brookfield Retail Holdings Iv-a Sub Ii Llc other: See footnotes (1)(2)(3) 250 VESEY STREET, 15TH FLOOR NEW YORK NY 10281
Brookfield Retail Holdings Iii Sub Ii Llc other: See footnotes (1)(2)(3) 250 VESEY STREET, 15TH FLOOR NEW YORK NY 10281
Brookfield Retail Holdings Iv-b Sub Ii Llc other: See footnotes (1)(2)(3) 250 VESEY STREET, 15TH FLOOR NEW YORK NY 10281
Brookfield Retail Holdings Ii Sub Iii Llc other: See footnotes (1)(2)(3) 250 VESEY STREET, 15TH FLOOR NEW YORK NY 10281
Michael Hegarty director MFS INVESTMENT MANAGEMENT, 500 BOYLSTON STREET, BOSTON MA 02116
Brian Harper officer: CHIEF OPERATING OFFICER C/O RAMCO GERSHENSON PROPERTIES TRUST, 31500 NORTHWESTERN HIGHWAY, SUITE 300, FARMINGTON HILLS MI 48334
Benjamin Schall officer: Chief Operating Officer 261 BROADWAY, NO.11B, NEW YORK NY 10007

Rouse Properties (Rouse Properties) Headlines

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