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Franklin BSP Realty Trust (Franklin BSP Realty Trust) ROC (Joel Greenblatt) % : 0.00% (As of Mar. 2024)


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What is Franklin BSP Realty Trust 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. Franklin BSP Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.00%.

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

During the past 9 years, Franklin BSP Realty Trust's highest ROC (Joel Greenblatt) % was 1792.82%. The lowest was 961.93%. And the median was 1243.35%.

FBRT's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 105.695
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Franklin BSP Realty Trust's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Franklin BSP Realty Trust ROC (Joel Greenblatt) % Historical Data

The historical data trend for Franklin BSP Realty Trust'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.

Franklin BSP Realty Trust ROC (Joel Greenblatt) % Chart

Franklin BSP Realty Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only 961.93 989.65 1,792.82 1,497.05 -

Franklin BSP Realty Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of Franklin BSP Realty Trust's ROC (Joel Greenblatt) %

For the REIT - Mortgage subindustry, Franklin BSP Realty Trust'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.


Franklin BSP Realty Trust's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Franklin BSP Realty Trust's ROC (Joel Greenblatt) % falls into.



Franklin BSP Realty Trust 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 6.0920000000006) - (84.171 + 0 + 12.297)
=-90.375999999999

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 8.0920000000006) - (83.524 + 0 + 12.297)
=-87.728999999999

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Franklin BSP Realty Trust for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=132.188/( ( (0 + max(-90.375999999999, 0)) + (0 + max(-87.728999999999, 0)) )/ 1 )
=132.188/( ( 0 + 0 )/ 1 )
=132.188/0
= %

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


Franklin BSP Realty Trust  (NYSE:FBRT) 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.


Franklin BSP Realty Trust ROC (Joel Greenblatt) % Related Terms

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Franklin BSP Realty Trust (Franklin BSP Realty Trust) Business Description

Traded in Other Exchanges
Address
1345 Avenue of the Americas, Suite 32A, New York, NY, USA, 10105
Franklin BSP Realty Trust Inc is a private real estate investment trust that originates, acquires, and manages a diversified portfolio of commercial real estate debt, and first mortgage loans. secured by properties located in the United States.
Executives
Michael Comparato officer: President C/O FRANKLIN BSP REALTY TRUST, INC., 1345 AVENUE OF THE AMERICAS, SUITE 32A, NEW YORK NY 10105
Joe Dumars director 1400 SCENIC COURT, BLOOMFIELD HILLS MI 48302
Buford H Ortale director 104 WRAUDMONT BOULEVARD, SUITE 240, NASHVILLE TN 37205
Richard J Byrne director, officer: Chairman, CEO and President 350 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Jerome S. Baglien officer: CFO, COO and Treasurer 9 WEST 57TH STREET, SUITE 4920, NEW YORK NY 10019
Michelle P Goolsby director 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Gary Keiser director 8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Patsy Joseph Augustine director 8401 N CENTRAL EXPRESSWAY, SUITE 800, DALLAS TX 75225
Jamie Handwerker director 9 WEST 57TH STREET, SUITE 4920, NEW YORK NY 10019
Peter J Mcdonough director 405 PARK AVENUE, NEW YORK NY 10022
Elizabeth K. Tuppeny director C/O AMERICAN REALTY CAPITAL PROPERTIES, 405 PARK AVENUE, NEW YORK NY 10022
Matthew Donnelly officer: President and COO 405 PARK AVENUE, NEW YORK NY 10022
Donald R Ramon officer: CFO, Secretary and Treasurer INVESCO LTD., 1555 PEACHTREE STREET NE, ATLANTA GA 30309
William M Kahane director AMERICAN REALTY CAPITAL, 405 PARK AVENUE, NEW YORK NY 10022
Nicholas S Schorsch director, officer: Chairman of Bd. of Dir. & CEO

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