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AHH (Armada Hoffler Properties) ROC (Joel Greenblatt) % : 103.11% (As of Dec. 2024)


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What is Armada Hoffler 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. Armada Hoffler Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 103.11%.

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

AHH' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 25.88   Med: 54.11   Max: 118.15
Current: 61.45

During the past 13 years, Armada Hoffler Properties's highest ROC (Joel Greenblatt) % was 118.15%. The lowest was 25.88%. And the median was 54.11%.

AHH's ROC (Joel Greenblatt) % is ranked worse than
63.02% of 622 companies
in the REITs industry
Industry Median: 176.825 vs AHH: 61.45

Armada Hoffler Properties's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.10% per year.


Armada Hoffler Properties ROC (Joel Greenblatt) % Historical Data

The historical data trend for Armada Hoffler 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.

Armada Hoffler Properties ROC (Joel Greenblatt) % Chart

Armada Hoffler Properties Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.20 62.70 118.15 25.88 37.47

Armada Hoffler Properties Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -4.82 57.23 82.37 51.32 103.11

Competitive Comparison of Armada Hoffler Properties's ROC (Joel Greenblatt) %

For the REIT - Diversified subindustry, Armada Hoffler 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.


Armada Hoffler Properties's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

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



Armada Hoffler 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(157.598 + 0 + 1.874) - (160.27 + 11.881 + -6.122)
=-6.557

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(137.484 + 0 + 24.17) - (167.001 + 5.871 + -151.121)
=139.903

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Armada Hoffler Properties for the quarter that ended in Dec. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=187.672/( ( (112.279 + max(-6.557, 0)) + (111.827 + max(139.903, 0)) )/ 2 )
=187.672/( ( 112.279 + 251.73 )/ 2 )
=187.672/182.0045
=103.11 %

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


Armada Hoffler Properties  (NYSE:AHH) 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.


Armada Hoffler Properties ROC (Joel Greenblatt) % Related Terms

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


Armada Hoffler Properties Business Description

Traded in Other Exchanges
Address
222 Central Park Avenue, Suite 1000, Virginia Beach, VA, USA, 23462
Armada Hoffler Properties Inc is a real estate company. It engages in developing, building, owning and managing the high-quality, institutional-grade office, retail, and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. It lease its properties under operating leases and recognize base rents. It also recognize revenue from tenant recoveries, through which tenants reimburses the company for expenses paid by them such as utilities, janitorial, repairs and maintenance. The company's operating segment includes office real estate, retail real estate, multifamily residential real estate, and general contracting, real estate financing and real estate services. It generates maximum revenue from the retail real estate segment.
Executives
A Russell Kirk director 3720 VIRGINIA BEACH BLVD, VIRGINIA BEACH VA 23452
Dennis H. Gartman director C/O ARMADA HOFFLER PROPERTIES, INC., 222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
Eric E. Apperson officer: Vice President 222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
James C. Cherry director C/O PARK STERLING BANK, 1043 EAST MOREHEAD STREET, SUITE 201, CHARLOTTE NC 28204
James A Carroll director 222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
Daniel A Hoffler director 4171 ESSEN LANE, BATON ROUGE LA 70809
George F Allen director 222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
Louis S Haddad director, officer: President, CEO 222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
Matthew Barnes-smith officer: CFO, Treasurer and Secretary C/O ARMADA HOFFLER PROPERTIES, INC., 222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
Michael P O'hara officer: Treasurer, CFO 222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
John W. Snow director C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Shawn J Tibbetts officer: Chief Operating Officer C/O ARMADA HOFFLER PROPERTIES, INC., 222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
Dorothy Mcauliffe director C/O ARMADA HOFFLER PROPERTIES, INC., 222 CENTRAL PARK AVENUE SUITE 2100, VIRGINIA BEACH VA 23462
Eva S Hardy director ARMADA HOFFLER PROPERTIES, 222 CENTRAL PARK AVE, STE 2100, VIRGINIA BEACH VA 23462
Anthony P. Nero officer: Vice President 222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462