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Condor Hospitality Trust (Condor Hospitality Trust) ROC (Joel Greenblatt) % : -1,480.14% (As of Sep. 2021)


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What is Condor Hospitality 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. Condor Hospitality Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was -1,480.14%.

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

CDOR's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 105.695
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Condor Hospitality Trust ROC (Joel Greenblatt) % Historical Data

The historical data trend for Condor Hospitality 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.

Condor Hospitality Trust ROC (Joel Greenblatt) % Chart

Condor Hospitality Trust Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.64 26.52 119.69 105.25 -464.62

Condor Hospitality Trust Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 -713.92 - - - -1,480.14

Competitive Comparison of Condor Hospitality Trust's ROC (Joel Greenblatt) %

For the REIT - Hotel & Motel subindustry, Condor Hospitality 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.


Condor Hospitality Trust's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Condor Hospitality Trust's ROC (Joel Greenblatt) % falls into.



Condor Hospitality 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. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.175 + 0 + 7.107) - (9.187 + 0 + 0)
=-0.905

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.283 + 0 + 8.278) - (8.73 + 0 + 0)
=0.831

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Condor Hospitality Trust for the quarter that ended in Sep. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2021  Q: Sep. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-12.3/( ( (0 + max(-0.905, 0)) + (0 + max(0.831, 0)) )/ 1 )
=-12.3/( ( 0 + 0.831 )/ 1 )
=-12.3/0.831
=-1,480.14 %

Note: The EBIT data used here is four times the quarterly (Sep. 2021) 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.


Condor Hospitality Trust  (AMEX:CDOR) 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.


Condor Hospitality Trust ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Condor Hospitality Trust's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Condor Hospitality Trust (Condor Hospitality Trust) Business Description

Traded in Other Exchanges
N/A
Address
1800 West Pasewalk Avenue, Suite 200, Norfolk, NE, USA, 68701
Condor Hospitality Trust Inc is a US-based self-administered real estate investment trust. It is engaged in the investment and ownership of select service, limited service, extended stay and compact full-service hotels. The primary business of the company is owning equity interests in hotel properties. It conducts its business through a traditional umbrella partnership REIT in which the hotel properties are owned by its operating partnership, Condor Hospitality Limited Partnership, and its subsidiaries.
Executives
Donald J Landry director 1492 LAKESHORE BLVD, SLIDELL LA 70461
Daniel Ricardo Elsztain director MORENO 877 PISO 22, BUENOS AIRES C1 C1091AAP
Daphne J Dufresne director 1800 WEST PASEWALK AVENUE, SUITE 120, NORFOLK NE 68701
Brendan Macdonald director 4275 EXECUTIVE SQUARE, SUITE 500, LAJOLLA CA 92037
Stepstone Rep Iii (gp), Llc director, 10 percent owner 4275 EXECUTIVE SQUARE, SUITE 500, LA JOLLA CA 92037
Stepstone Group Real Estate Holdings Llc director, 10 percent owner 4275 EXECUTIVE SQUARE, SUITE 500, LA JOLLA CA 92037
Stepstone Group Real Estate Lp director, 10 percent owner 4275 EXECUTIVE SQUARE, SUITE 500, LA JOLLA CA 92037
Srep Iii Flight - Investco, L.p. director, 10 percent owner 4275 EXECUTIVE SQUARE, SUITE 500, LA JOLLA CA 92037
Thomas Calahan director 1800 WEST PASEWALK AVENUE, SUITE 120, NORFOLK NE 68701
Noah Y. Davis director CONDOR HOSPITALITY TRUST, INC., 4800 MONTGOMERY LANE, SUITE 220, BETHESDA MD 20814
Matias Gaivironsky director 1800 WEST PASEWALK AVENUE, SUITE 120, NORFOLK NE 68701
Drew Iadanza director 4275 EXECUTIVE SQUARE, SUITE 500, LAJOLLA CA 92037
Blackham J William Iii director, officer: President and CEO 1100 RIVERCENTER BLVD, SUITE 480, COVINGTON KY 41011
Benjamin Wall director 4800 MONTGOMERY LANE, SUITE 220, BETHESDA MD 20814
Arinn Cavey officer: CFO and CAO 4800 MONTGOMERY LANE, SUITE 220, BETHESDA MD 20814

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