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Urstadt Biddle Properties (Urstadt Biddle Properties) ROC (Joel Greenblatt) % : 106.14% (As of Apr. 2023)


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What is Urstadt Biddle 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. Urstadt Biddle Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2023 was 106.14%.

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

UBA' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 59.93   Med: 153.64   Max: 223.22
Current: 118.56

During the past 13 years, Urstadt Biddle Properties's highest ROC (Joel Greenblatt) % was 223.22%. The lowest was 59.93%. And the median was 153.64%.

UBA's ROC (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 114.29 vs UBA: 118.56

Urstadt Biddle Properties's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.40% per year.


Urstadt Biddle Properties ROC (Joel Greenblatt) % Historical Data

The historical data trend for Urstadt Biddle 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.

Urstadt Biddle Properties ROC (Joel Greenblatt) % Chart

Urstadt Biddle Properties Annual Data
Trend Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 144.76 169.90 148.97 221.80 135.07

Urstadt Biddle Properties Quarterly Data
Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23
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 137.60 126.13 123.41 114.40 106.14

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

For the REIT - Retail subindustry, Urstadt Biddle 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.


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

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

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



Urstadt Biddle 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: Jan. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(24.228 + 0 + 36.254) - (9.633 + 0 + 7.105427357601E-15)
=50.849

Working Capital(Q: Apr. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(22.829 + 0 + 30.917) - (5.666 + 0 + 0)
=48.08

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Urstadt Biddle Properties for the quarter that ended in Apr. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Apr. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2023  Q: Apr. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=52.5/( ( (0 + max(50.849, 0)) + (0 + max(48.08, 0)) )/ 2 )
=52.5/( ( 50.849 + 48.08 )/ 2 )
=52.5/49.4645
=106.14 %

Note: The EBIT data used here is four times the quarterly (Apr. 2023) 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.


Urstadt Biddle Properties  (NYSE:UBA) 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.


Urstadt Biddle Properties ROC (Joel Greenblatt) % Related Terms

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Urstadt Biddle Properties (Urstadt Biddle Properties) Business Description

Traded in Other Exchanges
N/A
Address
321 Railroad Avenue, Greenwich, CT, USA, 06830
Urstadt Biddle Properties Inc is a real estate investment trust. It is engaged in acquisition, ownership, and management of the commercial real estate. The company's business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on neighborhood and community shopping centers in the metropolitan New York tri-state area outside of the City of New York. The company's operating segment is one of its property, Ridgeway, located in Stamford, Connecticut, US.
Executives
Bryan O. Colley director 83 NORTH SALEM ROAD, CROSS RIVER NY 10518
Kevin J Bannon director 62 CROTON AVENUE, MOUNT KISCO NY 10549
Elinor F Urstadt 10 percent owner 6 BEECHWOOD ROAD, BRONXVILLE NY 10708
Estate Of Urstadt, Charles J. 10 percent owner 6 BEECHWOOD ROAD, BRONXVILLE NY 10708
Stephan A Rapaglia officer: SVP and COO 8 OLD MUSKET LANE, RIDGEFIELD CT 06877
John T Hayes officer: Senior VP and CFO 321 RAILROAD AVENUE, GREENWICH CT 06830
Stephens Willis H. Jr. director 15 MT. EBO ROAD SOUTH, P.O. BOX 408, BREWSTER NY 10509
Charles J Urstadt director, 10 percent owner, officer: Chairman of Board & CEO 321 RAILROAD AVE, GREENWICH CT 06830
Miyun Sung officer: SVP and CLO 4-75 48TH AVENUE #705, LONG ISLAND CITY NY 11109
Carpenter Noble O Jr director 18 HAWTHORNE ROAD, BRONXVILLE NY 10708
Thomas D Myers officer: Co-Counsel 321 RAILROAD AVENUE, GREENWICH CT 06830
Catherine U Biddle director 53 ELMWOOD ROAD, SOUTH SALEM NY 10590
Richard Grellier director 4 EGGLESTON LANE, OLD GREENWICH CT 06870
Robert J Mueller director 321 RAILROAD AVENUE, GREENWICH CT 06830
Raymond P Argila officer: Senior Vice President 321 RAILROAD AVENUE, GREENWICH CT 06830

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