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FIBRA Terrafina (FIBRA Terrafina) ROC (Joel Greenblatt) % : 0.00% (As of Dec. 2023)


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What is FIBRA Terrafina 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. FIBRA Terrafina's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.

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

During the past 11 years, FIBRA Terrafina's highest ROC (Joel Greenblatt) % was 1245.83%. The lowest was 113.69%. And the median was 693.17%.

CBAOF's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 110.07
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


FIBRA Terrafina ROC (Joel Greenblatt) % Historical Data

The historical data trend for FIBRA Terrafina'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.

FIBRA Terrafina ROC (Joel Greenblatt) % Chart

FIBRA Terrafina Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
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FIBRA Terrafina Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - - -

Competitive Comparison of FIBRA Terrafina's ROC (Joel Greenblatt) %

For the REIT - Industrial subindustry, FIBRA Terrafina'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.


FIBRA Terrafina's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

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



FIBRA Terrafina 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)
=(3.463 + 0 + 17.181) - (31.646 + 0 + 5.613)
=-16.615

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.421 + 0 + 17.873) - (30.586 + 0 + 5.291)
=-13.583

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of FIBRA Terrafina for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=287.784/( ( (0 + max(-16.615, 0)) + (0 + max(-13.583, 0)) )/ 1 )
=287.784/( ( 0 + 0 )/ 1 )
=287.784/0
= %

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


FIBRA Terrafina  (OTCPK:CBAOF) 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.


FIBRA Terrafina ROC (Joel Greenblatt) % Related Terms

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FIBRA Terrafina (FIBRA Terrafina) Business Description

Traded in Other Exchanges
Address
Andres Bello No 10, 11th Floor, Col. Polanco, Mexico City, DF, MEX, 11560
PLA Administradora Industrial S de RL de CV, which operates under the Terrafina name, is a real estate investment trust that acquires, owns, and develops industrial properties throughout Mexico. The company's real estate portfolio is primarily comprised of large warehouse-like buildings. Most of these facilities are used for manufacturing purposes, while the rest serve as distribution and logistics spaces. The majority of Terrafina's assets are located in Northern Mexico and are mainly used to manufacture electronic components, aerospace products, and automotive features for export to the U.S. The company's largest tenants who, together occupy the majority of its total square footage, are automotive, industrial, and consumer goods firms.