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EYEMAXX Real Estate AG (FRA:BNT1) ROC (Joel Greenblatt) % : 72.56% (As of Apr. 2021)


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What is EYEMAXX Real Estate AG 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. EYEMAXX Real Estate AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2021 was 72.56%.

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

FRA:BNT1's ROC (Joel Greenblatt) % is not ranked *
in the Real Estate industry.
Industry Median: 10
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

EYEMAXX Real Estate AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


EYEMAXX Real Estate AG ROC (Joel Greenblatt) % Historical Data

The historical data trend for EYEMAXX Real Estate AG'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.

EYEMAXX Real Estate AG ROC (Joel Greenblatt) % Chart

EYEMAXX Real Estate AG Annual Data
Trend Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 139.71 108.54 100.04 116.06 73.98

EYEMAXX Real Estate AG Semi-Annual Data
Oct10 Apr11 Apr12 Oct12 Apr13 Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Apr21
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 158.92 67.32 34.59 -80.74 72.56

Competitive Comparison of EYEMAXX Real Estate AG's ROC (Joel Greenblatt) %

For the Real Estate - Development subindustry, EYEMAXX Real Estate AG'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.


EYEMAXX Real Estate AG's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

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

* The bar in red indicates where EYEMAXX Real Estate AG's ROC (Joel Greenblatt) % falls into.



EYEMAXX Real Estate AG 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: Apr. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.076 + 6.201 + 38.279) - (1.739 + 0 + 13.942)
=29.875

Working Capital(Q: Apr. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.357 + 6.897 + 8.79) - (7.632 + 0 + 4.304)
=5.108

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of EYEMAXX Real Estate AG for the quarter that ended in Apr. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Apr. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2020  Q: Apr. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=17.594/( ( (7.039 + max(29.875, 0)) + (6.473 + max(5.108, 0)) )/ 2 )
=17.594/( ( 36.914 + 11.581 )/ 2 )
=17.594/24.2475
=72.56 %

Note: The EBIT data used here is two times the semi-annual (Apr. 2021) 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.


EYEMAXX Real Estate AG  (FRA:BNT1) 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.


EYEMAXX Real Estate AG ROC (Joel Greenblatt) % Related Terms

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EYEMAXX Real Estate AG (FRA:BNT1) Business Description

Traded in Other Exchanges
N/A
Address
Weichertstrase 5, Aschaffenburg bei, Frankfurt, DEU, 63741
EYEMAXX Real Estate AG operates in real estate sector. It acquires, develops, runs and builds commercial properties in Central Europe. It undertakes projects in fields such as logistic centers and tailor-made solutions. Geographically, all the activities are functioned through the region of Germany.

EYEMAXX Real Estate AG (FRA:BNT1) Headlines

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