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Gramercy Property Trust (Gramercy Property Trust) ROC (Joel Greenblatt) % : 0.00% (As of Jun. 2018)


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What is Gramercy Property 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. Gramercy Property Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2018 was 0.00%.

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

GPTpA.PFD' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -152.77   Med: 2.27   Max: 108.09
Current: 4.29

During the past 9 years, Gramercy Property Trust's highest ROC (Joel Greenblatt) % was 108.09%. The lowest was -152.77%. And the median was 2.27%.

GPTpA.PFD's ROC (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 112.295 vs GPTpA.PFD: 4.29

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


Gramercy Property Trust ROC (Joel Greenblatt) % Historical Data

The historical data trend for Gramercy Property 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.

Gramercy Property Trust ROC (Joel Greenblatt) % Chart

Gramercy Property Trust Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only - - -0.35 2.27 2.66

Gramercy Property Trust Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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 2.52 5.43 1.59 2.72 -

Competitive Comparison of Gramercy Property Trust's ROC (Joel Greenblatt) %

For the REIT - Industrial subindustry, Gramercy Property 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.


Gramercy Property Trust's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

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



Gramercy Property 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: Mar. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 15.443) - (122.531 + 0 + 0)
=-107.088

Working Capital(Q: Jun. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 12.026) - (108.375 + 0 + 0)
=-96.349

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Gramercy Property Trust for the quarter that ended in Jun. 2018 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2018  Q: Jun. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=185.156/( ( (0 + max(-107.088, 0)) + (0 + max(-96.349, 0)) )/ 1 )
=185.156/( ( 0 + 0 )/ 1 )
=185.156/0
= %

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


Gramercy Property Trust  (NYSE:GPTpA.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.


Gramercy Property Trust ROC (Joel Greenblatt) % Related Terms

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Gramercy Property Trust (Gramercy Property Trust) Business Description

Traded in Other Exchanges
N/A
Address
Gramercy Property Trust is a real estate investment trust engaged in acquisition and management of single-tenant industrial, office, and specialty properties in the U.S. and Europe. In terms of total value, the vast majority of the company's real estate portfolio is split between offices and industrial properties, such as warehouses and distribution centers, located in urban markets throughout the U.S. Gramercy Property derives nearly all of its income in the form of rental revenue from tenants signed to medium- to long-term leases. The company's assets are fairly evenly dispersed between America's large metropolitan areas, such as Dallas, Los Angeles, New York, and Chicago. Gramercy's major tenants include firms from the financial, healthcare, consumer product, and technology industries.
Executives
Nicholas L. Pell officer: Chief Investment Officer 521 5TH AVENUE, 30TH FLOOR, NEW YORK NY 10175
James L Francis director 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401
Charles E Black director 101 W. BROADWAY, SUITE 840, SAN DIEGO CA 92101
Louis P Salvatore director 7 SYLVAN WAY, PARSIPPANY NJ 07054
Gregory F Hughes director
Jon W. Clark officer: CFO 420 LEXINGTON AVE., NEW YORK NY 10170
Benjamin P Harris officer: President WP CAREY & CO LLC, 50 ROCKEFELLER PLAZA, NEW YORK NY 10020
Matey Edward J Jr officer: EVP,Secretary+General Counsel
Allan Baum director 126 PIERREPONT STREET #3, BROOKLYN NY 11201
Jeffrey E Kelter director C/O JACK CREEK INVESTMENT CORP., 386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Z Jamie Behar director 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Gordon F Dugan director, officer: CEO 50 ROCKEFELLER PLZ, 2ND FLOOR, NEW YORK NY 10020
Thomas D Eckert director 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401
Hugh O'beirne officer: Chief Legal Officer C/O CHAMBERS STREET PROPERTIES, HULFISH STREET, SUITE 210, PRINCETON NJ 08542
Mark W Brugger director C/O DIAMONDROCK HOSPITALITY COMPANY, 10400 FERNWOOD ROAD, SUITE 3000, BETHESDA MD 20817