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Forest City Realty Trust (Forest City Realty Trust) ROC (Joel Greenblatt) % : 0.00% (As of Sep. 2018)


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What is Forest City Realty Trust 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. Forest City Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2018 was 0.00%.

The historical rank and industry rank for Forest City Realty Trust's ROC (Joel Greenblatt) % or its related term are showing as below:

FCE.A's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 114.29
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Forest City Realty Trust's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Forest City Realty Trust ROC (Joel Greenblatt) % Historical Data

The historical data trend for Forest City Realty Trust'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.

Forest City Realty Trust ROC (Joel Greenblatt) % Chart

Forest City Realty Trust Annual Data
Trend Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Dec14 Dec15 Dec16 Dec17
ROC (Joel Greenblatt) %
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Forest City Realty Trust Quarterly Data
Oct13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 Forest City Realty Trust's ROC (Joel Greenblatt) %

For the REIT - Retail subindustry, Forest City Realty Trust'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.


Forest City Realty Trust's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Forest City Realty Trust's ROC (Joel Greenblatt) % falls into.



Forest City Realty Trust 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: Jun. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(221.064 + 0 + 209.88) - (548.569 + 0 + 0)
=-117.625

Working Capital(Q: Sep. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(224.788 + 0 + 211.572) - (578.036 + 0 + 0)
=-141.676

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Forest City Realty Trust for the quarter that ended in Sep. 2018 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2018  Q: Sep. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1845.272/( ( (0 + max(-117.625, 0)) + (0 + max(-141.676, 0)) )/ 1 )
=1845.272/( ( 0 + 0 )/ 1 )
=1845.272/0
= %

Note: The EBIT data used here is four times the quarterly (Sep. 2018) 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.


Forest City Realty Trust  (NYSE:FCE.A) 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.


Forest City Realty Trust ROC (Joel Greenblatt) % Related Terms

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Forest City Realty Trust (Forest City Realty Trust) Business Description

Traded in Other Exchanges
N/A
Address
Forest City Realty Trust Inc is engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States. The company's segments include the Commercial Group, Residential Group, Land Development Group and Corporate Activities. It operates mixed-use projects such as residential rental properties, regional malls, specialty/urban retail centers, office and life science buildings and others. In addition, it also engaged in acquiring and sale of both land and developed lots to residential, commercial and industrial clients. Revenue for the group is derived from the source of rental, service and management fees and land sales.
Executives
Kenneth J Bacon director 5404 WISCONSIN AVENUE, SUITE 410, CHEVY CHASE MD 20815
Robert A Schriesheim director 3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179
Michelle Felman director
Mark S Ordan director 7315 WISCONSIN AVENUE, SUITE #250 WEST, BETHESDA MD 20814
Marran H. Ogilvie director 599 LEXINGTON AVENUE, NEW YORK NY 10022
Z Jamie Behar director 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Deborah Ratnersalzberg officer: Executive Vice President 301 WATER ST SE SUITE 201, WASHINGTON DC 20003
David J Larue director, officer: CEO & President 50 PUBLIC SQUARE SUITE 1100, CLEVELAND OH 44113
Adam S Metz director 110 NORTH WACKER DRIVE, CHICAGO IL 60606
James A Ratner director 50 PUBLIC SQUARE SUITE 1100, CLEVELAND OH 44113
Jerome J. Lande director 1 WORLD TRADE CENTER, 85TH FLOOR, NEW YORK NY 10007
Arthur F Anton other: Former Director 29500 SOLON ROAD, SOLON OH 44139
Charles A Ratner director, other: See Remarks 50 PUBLIC SQUARE SUITE 1100, CLEVELAND OH 44113
Craig Macnab director C/O JDN PEALTY CORP, 359 EAST PACES FERRY RD, ATLANTA GA 30305
Scott S Cowen director 7=6823 ST CHARLES AVE, NEW ORLEANS LA 70118

Forest City Realty Trust (Forest City Realty Trust) Headlines