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One Liberty Properties (One Liberty Properties) ROC (Joel Greenblatt) % : 0.00% (As of Dec. 2023)


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What is One Liberty Properties 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. One Liberty Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.

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

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

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


One Liberty Properties ROC (Joel Greenblatt) % Historical Data

The historical data trend for One Liberty Properties'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.

One Liberty Properties ROC (Joel Greenblatt) % Chart

One Liberty Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
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One Liberty Properties Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of One Liberty Properties's ROC (Joel Greenblatt) %

For the REIT - Diversified subindustry, One Liberty Properties'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.


One Liberty Properties's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where One Liberty Properties's ROC (Joel Greenblatt) % falls into.



One Liberty Properties 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 17.651) - (25.581 + 0 + 0)
=-7.93

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 19.833) - (25.418 + 0 + 0)
=-5.585

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of One Liberty Properties for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=80.016/( ( (0 + max(-7.93, 0)) + (0 + max(-5.585, 0)) )/ 1 )
=80.016/( ( 0 + 0 )/ 1 )
=80.016/0
= %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.


One Liberty Properties  (NYSE:OLP) 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.


One Liberty Properties ROC (Joel Greenblatt) % Related Terms

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One Liberty Properties (One Liberty Properties) Business Description

Traded in Other Exchanges
Address
60 Cutter Mill Road, Suite 303, Great Neck, NY, USA, 11021
One Liberty Properties Inc is a self-administered and self-managed real estate investment trust. It acquires, owns, and manages a geographically diversified portfolio of industrial, retail, restaurant, health and fitness, and theater properties. The group generates the majority of its revenue in the form of rental income.
Executives
Justin Clair officer: Assistant Vice President 60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Lawrence Ricketts officer: VICE PRESIDENT
Charles Biederman director 60CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Mili Mathew officer: Vice President - Financial 60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Jeffrey Gould director, officer: SENIOR VICE PRESIDENT
Edward Gellert director 399 PARK AVENUE, NEW YORK NY 10022
Eugene I Zuriff director C/O SMITH WOLLENSKY RESTAURANT GROUP INC, 1114 FIRST AVENUE, NEW YORK NY 10021
Matthew J Gould director, officer: SENIOR VICE PRESIDENT
Mizuho Securities Usa Llc other: See Remarks 1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020
Karen A. Till director 3939 HICKORY STREET, SEAFORD NY 11783
Jesse Robert Lovejoy director RIPPLEWOOD HOLDINGS LLC, ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10020
Benjamin Bolanos officer: Vice President 60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Leor Siri director 560 CHURCH AVENUE, WOODMERE NY 11598
Gould Investors L P 10 percent owner 60 CUTTER MILL RD, STE 303, GREAT NECK NY 11021-3190
Fredric H Gould director, officer: Chariman of Board 60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021