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Campus Crest Communities (Campus Crest Communities) ROC (Joel Greenblatt) % : -2.96% (As of Sep. 2015)


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What is Campus Crest Communities 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. Campus Crest Communities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was -2.96%.

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

CCGPRA.PFD' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -17.65   Med: 0.34   Max: 3.99
Current: -4.94

During the past 7 years, Campus Crest Communities's highest ROC (Joel Greenblatt) % was 3.99%. The lowest was -17.65%. And the median was 0.34%.

CCGPRA.PFD's ROC (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 114.29 vs CCGPRA.PFD: -4.94

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


Campus Crest Communities ROC (Joel Greenblatt) % Historical Data

The historical data trend for Campus Crest 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.

Campus Crest Communities ROC (Joel Greenblatt) % Chart

Campus Crest Communities Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 0.34 2.71 3.99 1.74 -17.65

Campus Crest Communities Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 -57.69 -11.49 -3.46 -4.03 -2.96

Competitive Comparison of Campus Crest Communities's ROC (Joel Greenblatt) %

For the REIT - Diversified subindustry, Campus Crest 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.


Campus Crest Communities's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

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



Campus Crest 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: Jun. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.07 + 0 + 17.411) - (28.621 + 0 + 0)
=-9.14

Working Capital(Q: Sep. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.606 + 0 + 11.434) - (35.567 + 0 + 0)
=-20.527

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Campus Crest Communities for the quarter that ended in Sep. 2015 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2015 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2015  Q: Sep. 2015
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-42.368/( ( (1425.302 + max(-9.14, 0)) + (1440.196 + max(-20.527, 0)) )/ 2 )
=-42.368/( ( 1425.302 + 1440.196 )/ 2 )
=-42.368/1432.749
=-2.96 %

Note: The EBIT data used here is four times the quarterly (Sep. 2015) 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.


Campus Crest Communities  (NYSE:CCGPRA.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.


Campus Crest Communities ROC (Joel Greenblatt) % Related Terms

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


Campus Crest Communities (Campus Crest Communities) Business Description

Traded in Other Exchanges
N/A
Address
Campus Crest Communities Inc was incorporated in the State of Maryland on 1 March 2010. On October 19, 2010, it completed its initial public offering of common stock. The Company is a self-managed, self-administered real estate investment trust ("REIT") focused on owning and managing a high-quality student housing portfolio located close to college campuses. As of December 31, 2014, the Company owned interests in 47 operating student housing The Grove properties containing approximately 9,700 apartment units and 26,300 beds. Thirty-six of Company's operating The Grove properties are wholly-owned and eleven of The Grove properties are owned through joint ventures with HSRE. As of December 31, 2014, it also owned interests in 36 operating student housing Copper Beech branded properties containing approximately 6,500 apartment units and 17,300 beds. The majority of Company's operating properties other than those in the CB Portfolio, evo and Toledo operate under The Grove brand. The Company is subject to competition for student-tenants from on-campus housing owned by universities and colleges and also competes with other regional and national owner-operators of off-campus student housing in a number of markets as well as with smaller local owner-operators.
Executives
Curtis B Mcwilliams director 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801
Raymond C Mikulich director 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211
Randall H Brown director 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211
David James Coles officer: Interim CEO 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211
John Makuch officer: Interim CFO 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211
Angel Herrera officer: Executive Vice President 6613 RIVERHILL DRIVE, PLANO TX 75024
Aaron Scott Halfacre officer: Executive Vice President 2100 REXFORD ROAD, SUITE 300, CHARLOTTE NC 28211
Denis Mcglynn director POST OFFICE BOX 843, DOVER DE 19903
William G Popeo director 709 PHEASANT RUN, KENNETT SQUARE PA 19348
Michael S Hartnett officer: Vice President 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211
James W Mccaughan director 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211
Daniel L Simmons director 1440 HIGHWAY A1A, VERO BEACH FL 32963
Richard S Kahlbaugh director 25330 MARSH LANDING PARKWAY, PONTE VEDRA FL 32082
Lauro A Gonzalez-moreno director 2128 N. SHADOW CREEK DR., AGOURA CA 91301
N Anthony Coles director MORRIS CORP. CENTER I; BLDG. B; 4TH FLR., 300 INTERPACE PARKWAY, PARSIPPANY NJ 07054

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