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BR Malls Participacoes (BR Malls Participacoes) ROC (Joel Greenblatt) % : 297.57% (As of Jun. 2022)


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What is BR Malls Participacoes 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. BR Malls Participacoes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 297.57%.

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

BRMSY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -343.26   Med: 1258.85   Max: 31212.93
Current: 453.21

During the past 13 years, BR Malls Participacoes's highest ROC (Joel Greenblatt) % was 31212.93%. The lowest was -343.26%. And the median was 1258.85%.

BRMSY's ROC (Joel Greenblatt) % is not ranked
in the Real Estate industry.
Industry Median: 10.48 vs BRMSY: 453.21

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


BR Malls Participacoes ROC (Joel Greenblatt) % Historical Data

The historical data trend for BR Malls Participacoes'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.

BR Malls Participacoes ROC (Joel Greenblatt) % Chart

BR Malls Participacoes 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 -347.28 1,605.32 12,671.19 -189.72 263.88

BR Malls Participacoes 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 -200.71 298.17 688.67 498.59 297.57

Competitive Comparison of BR Malls Participacoes's ROC (Joel Greenblatt) %

For the Real Estate Services subindustry, BR Malls Participacoes'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.


BR Malls Participacoes's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, BR Malls Participacoes's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where BR Malls Participacoes's ROC (Joel Greenblatt) % falls into.



BR Malls Participacoes 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)
=(61.754 + 0 + 19.44) - (32.112 + 0 + 15.023)
=34.059

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(52.103 + 0 + 18.068) - (23.652 + 0 + 16.483)
=30.036

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of BR Malls Participacoes 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 )
=126.588/( ( (9.916 + max(34.059, 0)) + (11.07 + max(30.036, 0)) )/ 2 )
=126.588/( ( 43.975 + 41.106 )/ 2 )
=126.588/42.5405
=297.57 %

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.


BR Malls Participacoes  (OTCPK:BRMSY) 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.


BR Malls Participacoes ROC (Joel Greenblatt) % Related Terms

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BR Malls Participacoes (BR Malls Participacoes) Business Description

Traded in Other Exchanges
N/A
Address
Avenue Borges de Medeiros, 633, 1° andar Leblon, Rio de Janeiro, RJ, BRA, 22430-041
BR Malls Participacoes SA is a shopping mall service provider in Brazil. The company primarily invests in and develops shopping malls and car parking operations. It specializes in administrating shopping malls, leasing their spaces, managing commercial developments and facilitating leasing processes of real estate properties. The company generates the majority of its revenue from leasing out mall space to retailers. The company operates exclusively in Brazil and has large exposure to the middle-class retail segment.

BR Malls Participacoes (BR Malls Participacoes) Headlines

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