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HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) ROC (Joel Greenblatt) % : 554.95% (As of Dec. 2024)


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What is HBR Realty Empreendimentos Imobiliarios 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. HBR Realty Empreendimentos Imobiliarios's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 554.95%.

The historical rank and industry rank for HBR Realty Empreendimentos Imobiliarios's ROC (Joel Greenblatt) % or its related term are showing as below:

BSP:HBRE3' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 205.47   Med: 1487.62   Max: 9223.13
Current: 205.47

During the past 5 years, HBR Realty Empreendimentos Imobiliarios's highest ROC (Joel Greenblatt) % was 9223.13%. The lowest was 205.47%. And the median was 1487.62%.

BSP:HBRE3's ROC (Joel Greenblatt) % is ranked better than
84.81% of 1758 companies
in the Real Estate industry
Industry Median: 10.61 vs BSP:HBRE3: 205.47

HBR Realty Empreendimentos Imobiliarios's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


HBR Realty Empreendimentos Imobiliarios ROC (Joel Greenblatt) % Historical Data

The historical data trend for HBR Realty Empreendimentos Imobiliarios'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.

HBR Realty Empreendimentos Imobiliarios ROC (Joel Greenblatt) % Chart

HBR Realty Empreendimentos Imobiliarios Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
ROC (Joel Greenblatt) %
2,436.97 9,223.13 - 538.26 224.09

HBR Realty Empreendimentos Imobiliarios Quarterly Data
Jun20 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 1,706.55 75.63 56.18 61.85 554.95

Competitive Comparison of HBR Realty Empreendimentos Imobiliarios's ROC (Joel Greenblatt) %

For the Real Estate Services subindustry, HBR Realty Empreendimentos Imobiliarios'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.


HBR Realty Empreendimentos Imobiliarios's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, HBR Realty Empreendimentos Imobiliarios's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where HBR Realty Empreendimentos Imobiliarios's ROC (Joel Greenblatt) % falls into.


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HBR Realty Empreendimentos Imobiliarios 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)
=(38.842 + 0 + 303.831) - (155.457 + 0 + 36.093)
=151.123

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(38.415 + 0 + 292.132) - (120.022 + 0 + 31.626)
=178.899

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of HBR Realty Empreendimentos Imobiliarios 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 )
=915.732/( ( (0 + max(151.123, 0)) + (0 + max(178.899, 0)) )/ 2 )
=915.732/( ( 151.123 + 178.899 )/ 2 )
=915.732/165.011
=554.95 %

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.


HBR Realty Empreendimentos Imobiliarios  (BSP:HBRE3) 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.


HBR Realty Empreendimentos Imobiliarios ROC (Joel Greenblatt) % Related Terms

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


HBR Realty Empreendimentos Imobiliarios Business Description

Traded in Other Exchanges
N/A
Address
Av. Vereador Narciso Yague Guimaraes, 1.145, 2nd Floor, Jardim Arenia, Helbor Concept- Edificio Corporate, Mogi das Cruzes, SP, BRA, CEP 08710-500
HBR Realty Empreendimentos Imobiliarios SA operates in the real estate development and management division. The company's business is focused on urban properties, distributed over four main platforms that house the developed and developing asset classes. These platforms are ComVem, HBR3A, HBR Malls, and HBR Opportunities. ComVem is a platform dedicated towards the development and administration of convenience centers; the HBR 3A platform is dedicated to the development and management of corporate buildings; the HBR Malls platform is dedicated to the acquisition, development, and management of shopping centers and HBR Opportunities platform brings together assets of various classes, such as built to suits, development, and management of hotels, parking lots, among others.

HBR Realty Empreendimentos Imobiliarios Headlines

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