Dupont Fabros Technology (Dupont Fabros Technology) ROC (Joel Greenblatt) % : 6.73% (As of Jun. 2017)

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What is Dupont Fabros Technology 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. Dupont Fabros Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was 6.73%.

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

DFTPRC.PFD' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23.48 Med: 4.5 Max: 8.81
Current: 7.81

During the past 13 years, Dupont Fabros Technology's highest ROC (Joel Greenblatt) % was 8.81%. The lowest was -23.48%. And the median was 4.50%.

DFTPRC.PFD's ROC (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 112.94 vs DFTPRC.PFD: 7.81

Dupont Fabros Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -0.10% per year.

Dupont Fabros Technology ROC (Joel Greenblatt) % Historical Data

The historical data trend for Dupont Fabros Technology'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.

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Dupont Fabros Technology ROC (Joel Greenblatt) % Chart

Dupont Fabros Technology Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

ROC (Joel Greenblatt) %

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4.78

4.30

6.42

1.53

8.67

Dupont Fabros Technology Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															11.19	8.35	8.22	7.91	6.73

Competitive Comparison of Dupont Fabros Technology's ROC (Joel Greenblatt) %

For the REIT - Office subindustry, Dupont Fabros Technology'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.

Dupont Fabros Technology's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Dupont Fabros Technology's ROC (Joel Greenblatt) % falls into.

Dupont Fabros Technology 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: Mar. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	121.34)	-	(158.23	+	0	+	0)
=	-36.89

	Working Capital		(Q: Jun. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	120.599)	-	(172.167	+	0	+	0)
=	-51.568

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Dupont Fabros Technology for the quarter that ended in Jun. 2017 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2017		Q: Jun. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	202.2	/	( ( (2927.372 + max(-36.89, 0))	+	(3083.18 + max(-51.568, 0)) )	/	2 )
=	202.2	/	( ( 2927.372	+	3083.18 )	/	2 )
=	202.2	/	3005.276
=	6.73 %

Note: The EBIT data used here is four times the quarterly (Jun. 2017) EBIT data.

Dupont Fabros Technology (NYSE:DFTPRC.PFD) 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.

Dupont Fabros Technology ROC (Joel Greenblatt) % Related Terms

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Dupont Fabros Technology (Dupont Fabros Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dupont Fabros Technology Inc (NYSE:DFTPRC.PFD) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.dft.com

Dupont Fabros Technology, or DFT, is a real estate investment trust engaged in the design and operation of multitenant, wholesale data centers in metropolitan areas across the United States. The company provides the space and infrastructure, such as electrical power, security, and fire suppression services for customers to operate their servers and computing equipment. Its real estate portfolio is composed of large data centers located in the Northern Virginia, Chicago, Greater New York City, and Santa Clara, California areas. DFT derives the majority of its income in the form of rental revenue from tenants in short- to medium-term lease agreements. The company's major customers are technology companies, including Microsoft, Facebook, and Yahoo, which account for most of its revenue.