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Preferred Apartment Communities ROC (Joel Greenblatt) %

: 0.00% (As of Mar. 2022)
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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. Preferred Apartment Communities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 0.00%.

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

APTS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2540.09   Med: 188.71   Max: 4953.51
Current: 4592.26

During the past 12 years, Preferred Apartment Communities's highest ROC (Joel Greenblatt) % was 4953.51%. The lowest was -2540.09%. And the median was 188.71%.

APTS's ROC (Joel Greenblatt) % is ranked better than
87.29% of 598 companies
in the REITs industry
Industry Median: 256.60 vs APTS: 4592.26

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


Preferred Apartment Communities ROC (Joel Greenblatt) % Historical Data

The historical data trend for Preferred Apartment Communities'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.

Preferred Apartment Communities Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 416.11 1,398.50 - -2,540.09 4,953.51

Preferred Apartment Communities Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
ROC (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only 3,913.30 - - - -

Competitive Comparison

For the REIT - Diversified subindustry, Preferred Apartment Communities'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.

   

Preferred Apartment Communities ROC (Joel Greenblatt) % Distribution

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

* The bar in red indicates where Preferred Apartment Communities's ROC (Joel Greenblatt) % falls into.



Preferred Apartment Communities 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: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(67.343 + 0 + 32.675) - (78.146 + 61.202 + 0)
=-39.33

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(82.023 + 0 + 33.474) - (78.109 + 61.616 + 0)
=-24.228

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Preferred Apartment Communities for the quarter that ended in Mar. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2021  Q: Mar. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=61.264/( ( (0 + max(-39.33, 0)) + (0 + max(-24.228, 0)) )/ 1 )
=61.264/( ( 0 + 0 )/ 1 )
=61.264/0
= %

Note: The EBIT data used here is four times the quarterly (Mar. 2022) 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.


Preferred Apartment Communities  (NYSE:APTS) 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.


Preferred Apartment Communities ROC (Joel Greenblatt) % Related Terms

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Preferred Apartment Communities Business Description

Preferred Apartment Communities logo
Traded in Other Exchanges
Address
3284 Northside Parkway NW, Suite 150, Atlanta, GA, USA, 30327
Preferred Apartment Communities Inc is a real estate investment trust that acquires and operates multifamily properties in select targeted markets throughout the United States. It operates through the following segments: The Multifamily Communities segment being the highest revenue generating segment; Financing segment refers to the portfolio of real estate loans, bridge loans, other instruments, and other real estate related assets; New Market Properties segment covers a portfolio of grocery-anchored shopping centers, as well as the financial results from the retail real estate loans; and Preferred Office properties segment relates to the office buildings.
Executives
Sherman Jeffrey David officer: PRESIDENT - MULTIFAMILY 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Aide Michael officer: PRESIDENT - RETAIL 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Isakson John A officer: CHIEF FINANCIAL OFFICER 3284 NORTHSIDE PARKWAY, NW, SUITE 150 ATLANTA GA 30327
Sprain Jeffrey R officer: EVP, GENERAL COUNSEL AND SEC. 3284 NORTHSIDE PARKWAY, NW, SUITE 150 ATLANTA GA 30327
Jackson Daphne Bryson director 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Cannon John M director 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Dupree Parker Boone officer: President - Office 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Finley Sara director ONE CVS DRIVE WOONSOCKET RI 02895
Wiens John M. director 3284 NORTHSIDE PARKWAY NW STE. 150 ATLANTA GA 30327
Murphy Joel T director, officer: See Remarks 2500 WINDY RIDGE PARKWAY SUITE 1600 ATLANTA GA 30339
Gresham William J Jr director 1010 RICHMOND HILL DRIVE MARIETTA GA 30068
Williams Opportunity Fund Llc 10 percent owner 3625 CUMBERLAND BLVD SUITE 400 ATLANTA GA 30339
Williams Realty Fund I Llc 10 percent owner 3625 CUMBERLAND BLVD STE 400 ATLANTA GA 30339
Dupree Daniel M director 2500 WINDY RIDGE PARKWAY SUITE 1600 ATLANTA GA 30339
Leseman William F officer: See Remarks 3625 CUMBERLAND BOULDEVARD SUITE 400 ATLANTA GA 30339

Preferred Apartment Communities Headlines

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