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Corporate Office Properties Trust (Corporate Office Properties Trust) ROC (Joel Greenblatt) % : 207.69% (As of Mar. 2024)


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What is Corporate Office Properties 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. Corporate Office Properties Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 207.69%.

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

OFCPRLCL.PFD' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -45.01   Med: 218.48   Max: 1857.74
Current: -45.01

During the past 13 years, Corporate Office Properties Trust's highest ROC (Joel Greenblatt) % was 1857.74%. The lowest was -45.01%. And the median was 218.48%.

OFCPRLCL.PFD's ROC (Joel Greenblatt) % is ranked worse than
82.16% of 566 companies
in the REITs industry
Industry Median: 112.295 vs OFCPRLCL.PFD: -45.01

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


Corporate Office Properties Trust ROC (Joel Greenblatt) % Historical Data

The historical data trend for Corporate Office Properties 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.

Corporate Office Properties Trust ROC (Joel Greenblatt) % Chart

Corporate Office Properties Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 627.99 109.66 73.09 105.76 -0.80

Corporate Office Properties Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 234.74 203.24 -917.88 258.28 207.69

Competitive Comparison of Corporate Office Properties Trust's ROC (Joel Greenblatt) %

For the REIT - Office subindustry, Corporate Office Properties 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.


Corporate Office Properties Trust's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Corporate Office Properties Trust's ROC (Joel Greenblatt) % falls into.



Corporate Office Properties 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(198.183 + 0 + 82.037) - (165.959 + 64.458 + -5.6843418860808E-14)
=49.803

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(203.876 + 0 + 92.457) - (145.887 + 71.576 + 5.6843418860808E-14)
=78.87

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Corporate Office Properties Trust for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=218.424/( ( (41.296 + max(49.803, 0)) + (40.368 + max(78.87, 0)) )/ 2 )
=218.424/( ( 91.099 + 119.238 )/ 2 )
=218.424/105.1685
=207.69 %

Note: The EBIT data used here is four times the quarterly (Mar. 2024) 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.


Corporate Office Properties Trust  (NYSE:OFCPRLCL.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.


Corporate Office Properties Trust ROC (Joel Greenblatt) % Related Terms

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Corporate Office Properties Trust (Corporate Office Properties Trust) Business Description

Traded in Other Exchanges
Address
6711 Columbia Gateway Drive, Suite 300, Columbia, MD, USA, 21046
COPT Defense Properties is a real estate investment trust that acquires, manages, and leases office and data center properties throughout the U.S. The majority of the company's real estate portfolio is composed of office buildings in the Baltimore-Washington Corridor and Northern Virginia area. COPT derives nearly all of its income in the form of rental revenue from tenants. Most of the company's revenue comes from the leasing of properties to U.S. Government agencies and its contractors in the national security, defense, and IT sectors, such as Northrop Grumman and Boeing. Regional offices in urban submarkets make also make up a sizable percentage of COPT's total square footage.

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