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Grupo Rcfa Fundo DE Investimento Imobiliario (BSP:RCFA11) ROC (Joel Greenblatt) % : 0.00% (As of Dec. 2023)


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What is Grupo Rcfa Fundo DE Investimento 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. Grupo Rcfa Fundo DE Investimento Imobiliario's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.

The historical rank and industry rank for Grupo Rcfa Fundo DE Investimento Imobiliario's ROC (Joel Greenblatt) % or its related term are showing as below:

BSP:RCFA11's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 142.41
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Grupo Rcfa Fundo DE Investimento Imobiliario's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Grupo Rcfa Fundo DE Investimento Imobiliario ROC (Joel Greenblatt) % Historical Data

The historical data trend for Grupo Rcfa Fundo DE Investimento 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.

Grupo Rcfa Fundo DE Investimento Imobiliario ROC (Joel Greenblatt) % Chart

Grupo Rcfa Fundo DE Investimento Imobiliario Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
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Grupo Rcfa Fundo DE Investimento Imobiliario Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
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Competitive Comparison of Grupo Rcfa Fundo DE Investimento Imobiliario's ROC (Joel Greenblatt) %

For the REIT - Diversified subindustry, Grupo Rcfa Fundo DE Investimento 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.


Grupo Rcfa Fundo DE Investimento Imobiliario's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Grupo Rcfa Fundo DE Investimento Imobiliario's ROC (Joel Greenblatt) % falls into.



Grupo Rcfa Fundo DE Investimento 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)
=(0 + 0 + 0) - (0.181 + 0 + 0.277)
=-0.458

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.373 + 0 + 0.421)
=-0.794

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Grupo Rcfa Fundo DE Investimento 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 )
=-0.339/( ( (0 + max(-0.458, 0)) + (0 + max(-0.794, 0)) )/ 1 )
=-0.339/( ( 0 + 0 )/ 1 )
=-0.339/0
= %

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.


Grupo Rcfa Fundo DE Investimento Imobiliario  (BSP:RCFA11) 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.


Grupo Rcfa Fundo DE Investimento Imobiliario ROC (Joel Greenblatt) % Related Terms

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Grupo Rcfa Fundo DE Investimento Imobiliario Business Description

Traded in Other Exchanges
N/A
Address
Rua Joaquim Florianano, 100, 5th FLOOR - CJ 51/52- Itaim Bibi, Sau Paulo, SP, BRA, 04534-000
Grupo Rcfa Fundo DE Investimento Imobiliario formerly Fram Capital Gestao de Ativos Ltda is an investment management firm. The company is focused in areas namely investment of funds, alternative investments, wealth management, administration of funds and public distribution. The Fund is aimed at individuals and legal entities in general, investors institutions, residents and domiciled in Brazil or abroad, as well as investment funds, which understand the risks related to the objectives.

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