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Cshg Real Estate Fundo Invest Imobiliario (BSP:HGRE11) ROC (Joel Greenblatt) % : 208.81% (As of Dec. 2023)


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What is Cshg Real Estate Fundo Invest Imobiliario 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. Cshg Real Estate Fundo Invest Imobiliario's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 208.81%.

The historical rank and industry rank for Cshg Real Estate Fundo Invest Imobiliario's ROC (Joel Greenblatt) % or its related term are showing as below:

BSP:HGRE11' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 80.89   Med: 240.98   Max: 1252.15
Current: 281.2

During the past 13 years, Cshg Real Estate Fundo Invest Imobiliario's highest ROC (Joel Greenblatt) % was 1252.15%. The lowest was 80.89%. And the median was 240.98%.

BSP:HGRE11's ROC (Joel Greenblatt) % is ranked better than
56.43% of 622 companies
in the REITs industry
Industry Median: 180.685 vs BSP:HGRE11: 281.20

Cshg Real Estate Fundo Invest Imobiliario's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Cshg Real Estate Fundo Invest Imobiliario ROC (Joel Greenblatt) % Historical Data

The historical data trend for Cshg Real Estate Fundo Invest Imobiliario'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.

Cshg Real Estate Fundo Invest Imobiliario ROC (Joel Greenblatt) % Chart

Cshg Real Estate Fundo Invest Imobiliario 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 - 1,252.15 273.15 80.89 208.81

Cshg Real Estate Fundo Invest Imobiliario Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 1,252.15 273.15 80.89 208.81

Competitive Comparison of Cshg Real Estate Fundo Invest Imobiliario's ROC (Joel Greenblatt) %

For the REIT - Diversified subindustry, Cshg Real Estate Fundo Invest Imobiliario'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.


Cshg Real Estate Fundo Invest Imobiliario's ROC (Joel Greenblatt) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Cshg Real Estate Fundo Invest Imobiliario's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Cshg Real Estate Fundo Invest Imobiliario's ROC (Joel Greenblatt) % falls into.


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Cshg Real Estate Fundo Invest Imobiliario 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. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(75.773 + 0 + 0) - (16.591 + 0 + 15.799)
=43.383

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(22.737 + 0 + 3.052) - (16.765 + 0 + 17.553)
=-8.529

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Cshg Real Estate Fundo Invest Imobiliario 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: Dec. 2022  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=90.587/( ( (0 + max(43.383, 0)) + (0 + max(-8.529, 0)) )/ 1 )
=90.587/( ( 43.383 + 0 )/ 1 )
=90.587/43.383
=208.81 %

Note: The EBIT data used here is one times the annual (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.


Cshg Real Estate Fundo Invest Imobiliario  (BSP:HGRE11) 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.


Cshg Real Estate Fundo Invest Imobiliario ROC (Joel Greenblatt) % Related Terms

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Cshg Real Estate Fundo Invest Imobiliario Business Description

Traded in Other Exchanges
N/A
Address
Avenida Presidente Juscelino Kubitschek, Tower IV - 7th Floor - Moema, São Paulo, SP, BRA, 04543900
Cshg Real Estate Fundo Invest Imobiliario is engaged in the acquisition of commercial real estate projects for commercial operation.

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