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Sun Communities (BSP:S2UI34) ROC (Joel Greenblatt) % : 0.00% (As of Sep. 2024)


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What is Sun Communities 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. Sun Communities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.00%.

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

During the past 13 years, Sun Communities's highest ROC (Joel Greenblatt) % was 1879.45%. The lowest was 1879.45%. And the median was 1879.45%.

BSP:S2UI34's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 142.41
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Sun Communities ROC (Joel Greenblatt) % Historical Data

The historical data trend for Sun Communities'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.

Sun Communities ROC (Joel Greenblatt) % Chart

Sun Communities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
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Sun Communities Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Sun Communities's ROC (Joel Greenblatt) %

For the REIT - Residential subindustry, Sun Communities'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.


Sun Communities's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Sun Communities's ROC (Joel Greenblatt) % falls into.



Sun Communities 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: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 981.886 + 0) - (2833.089 + 2279.936 + -0.0010000000002037)
=-4131.138

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 968.007 + 0.00099999999929423) - (2841.999 + 2117.655 + -0.0010000000020227)
=-3991.645

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Sun Communities for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=8534.856/( ( (0 + max(-4131.138, 0)) + (0 + max(-3991.645, 0)) )/ 1 )
=8534.856/( ( 0 + 0 )/ 1 )
=8534.856/0
= %

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


Sun Communities  (BSP:S2UI34) 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.


Sun Communities ROC (Joel Greenblatt) % Related Terms

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Sun Communities Business Description

Traded in Other Exchanges
Address
27777 Franklin Road, Suite 300, Southfield, MI, USA, 48034
Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 666 properties, which includes 350 manufactured housing communities, 179 residential vehicle communities, and 137 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.

Sun Communities Headlines

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