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Cardiff Property (The) (LSE:CDFF) ROC (Joel Greenblatt) % : 260.25% (As of Mar. 2024)


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What is Cardiff Property (The) 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. Cardiff Property (The)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 260.25%.

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

LSE:CDFF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 94.82   Med: 167.64   Max: 603.79
Current: 233.06

During the past 13 years, Cardiff Property (The)'s highest ROC (Joel Greenblatt) % was 603.79%. The lowest was 94.82%. And the median was 167.64%.

LSE:CDFF's ROC (Joel Greenblatt) % is ranked better than
86.72% of 1785 companies
in the Real Estate industry
Industry Median: 10.4 vs LSE:CDFF: 233.06

Cardiff Property (The)'s 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 15.70% per year.


Cardiff Property (The) ROC (Joel Greenblatt) % Historical Data

The historical data trend for Cardiff Property (The)'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.

Cardiff Property (The) ROC (Joel Greenblatt) % Chart

Cardiff Property (The) Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 160.62 379.62 236.57 603.79 241.06

Cardiff Property (The) Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 479.91 639.53 240.07 214.17 260.25

Competitive Comparison of Cardiff Property (The)'s ROC (Joel Greenblatt) %

For the Real Estate Services subindustry, Cardiff Property (The)'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.


Cardiff Property (The)'s ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Cardiff Property (The)'s ROC (Joel Greenblatt) % distribution charts can be found below:

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



Cardiff Property (The) 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.113 + 0.715 + 0) - (0.462 + 0 + 0.24)
=0.126

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.27 + 0.72 + 0) - (0.756 + 0 + 0)
=0.234

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Cardiff Property (The) for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.568/( ( (0.425 + max(0.126, 0)) + (0.42 + max(0.234, 0)) )/ 2 )
=1.568/( ( 0.551 + 0.654 )/ 2 )
=1.568/0.6025
=260.25 %

Note: The EBIT data used here is two times the semi-annual (Mar. 2024) 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.


Cardiff Property (The)  (LSE:CDFF) 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.


Cardiff Property (The) ROC (Joel Greenblatt) % Related Terms

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Cardiff Property (The) (LSE:CDFF) Business Description

Traded in Other Exchanges
N/A
Address
56 Station Road, Egham, Surrey, GBR, TW20 9LF
Cardiff Property (The) PLC with its subsidiary specializes in property investment and development in the Thames Valley. Its properties include the Windsor business center, Maidenhead enterprise center, Heritage court, and others. The company has Property and Other investment and Property development segments. It derives its revenues from the Property and Other investment segments. Geographically, operating only in United Kingdom.

Cardiff Property (The) (LSE:CDFF) Headlines

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