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Duke Realty (Duke Realty) ROC (Joel Greenblatt) % : 153.88% (As of Jun. 2022)


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What is Duke Realty 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. Duke Realty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 153.88%.

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

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

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


Duke Realty ROC (Joel Greenblatt) % Historical Data

The historical data trend for Duke Realty'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.

Duke Realty ROC (Joel Greenblatt) % Chart

Duke Realty Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.43 229.37 284.50 125.23 233.61

Duke Realty Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 157.00 281.20 85.18 285.29 153.88

Competitive Comparison of Duke Realty's ROC (Joel Greenblatt) %

For the REIT - Industrial subindustry, Duke Realty'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.


Duke Realty's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

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



Duke Realty 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. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(198.62 + 0 + 331.427) - (201.987 + 0 + 0)
=328.06

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(207.682 + 0 + 337.184) - (233.922 + 0 + 0)
=310.944

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Duke Realty for the quarter that ended in Jun. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Jun. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=491.66/( ( (0 + max(328.06, 0)) + (0 + max(310.944, 0)) )/ 2 )
=491.66/( ( 328.06 + 310.944 )/ 2 )
=491.66/319.502
=153.88 %

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


Duke Realty  (NYSE:DRE) 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.


Duke Realty ROC (Joel Greenblatt) % Related Terms

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


Duke Realty (Duke Realty) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8711 River Crossing Boulevard, Indianapolis, IN, USA, 46240
Duke Realty is an Indianapolis-based publicly traded REIT that owns and operates a portfolio of primarily industrial properties and provides real estate services to third-party owners. It has interest in over 150 million square feet across the largest logistics markets in the U.S.
Executives
Steven W Schnur officer: EVP, Chief Operating Officer 600 E. 96TH ST, STE 100, INDIANAPOLIS IN 46240
Mark A Denien officer: EVP & CFO 600 E 96TH ST, #100, INDIANAPOLIS IN 46240
Scott P Anderson director 1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120
Chris T. Sultemeier director 1650 JOHN KING BLVD, #3602, ROCKWALL TX 75032
John Case director 600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Michael E Szymanczyk director DOMINION RESOURCES, INC., 100 TREDEGAR STREET, RICHMOND VA 23219
Warren M Thompson director 4951 LAKE BROOK DRIVE, SUITE 500, GLEN ALLEN VA 23060
Melanie R Sabelhaus director 227 GREENSPRING VALLEY DRIVE, OWINGS MILLS MD 21117
Lynn C Thurber director JONES LANG LASALLE INCORPORTED, 200 E RANDOLPH DR, CHICAGO IL 60601
Scott Peter M Iii director P O BOX 1551, RALEIGH NC 27601
Tamara D Fischer director 5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111
James B. Connor director, officer: President and CEO 600 E 96TH ST, #100, INDIANAPOLIS IN 46240
Ann C. Dee officer: EVP,General Counsel & Corp Sec 600 E 96TH ST, #100, INDIANAPOLIS IN 46240
Nicholas C. Anthony officer: EVP, Chief Investment Officer 600 E 96TH STREET, SUITE 100, INDIANAPOLIS IN 46240
Kelly T Killingsworth director 2430 SW 75TH TERRACE, PORTLAND OR 97225

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