GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Regency Centers Corp (FRA:RRC) » Definitions » ROC (Joel Greenblatt) %

Regency Centers (FRA:RRC) ROC (Joel Greenblatt) % : 150.66% (As of Sep. 2024)


View and export this data going back to 1993. Start your Free Trial

What is Regency Centers 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. Regency Centers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 150.66%.

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

FRA:RRC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 67.74   Med: 232.72   Max: 6206.84
Current: 168.94

During the past 13 years, Regency Centers's highest ROC (Joel Greenblatt) % was 6206.84%. The lowest was 67.74%. And the median was 232.72%.

FRA:RRC's ROC (Joel Greenblatt) % is ranked better than
52.98% of 621 companies
in the REITs industry
Industry Median: 142.41 vs FRA:RRC: 168.94

Regency Centers's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -38.90% per year.


Regency Centers ROC (Joel Greenblatt) % Historical Data

The historical data trend for Regency Centers'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.

Regency Centers ROC (Joel Greenblatt) % Chart

Regency Centers 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 241.88 64.64 182.84 230.95 168.72

Regency Centers Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 171.93 166.47 189.83 153.86 150.66

Competitive Comparison of Regency Centers's ROC (Joel Greenblatt) %

For the REIT - Retail subindustry, Regency Centers'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.


Regency Centers's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

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



Regency Centers 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)
=(160.108 + 0 + 5.676) - (331.869 + 0 + -287.99)
=121.905

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(161.465 + 0 + 4.345) - (350.539 + 0 + 5.6843418860808E-14)
=-184.729

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Regency Centers 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 )
=547.608/( ( (306.315 + max(121.905, 0)) + (298.725 + max(-184.729, 0)) )/ 2 )
=547.608/( ( 428.22 + 298.725 )/ 2 )
=547.608/363.4725
=150.66 %

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.


Regency Centers  (FRA:RRC) 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.


Regency Centers ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Regency Centers's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Regency Centers Business Description

Traded in Other Exchanges
Address
One Independent Drive, Suite 114, Jacksonville, FL, USA, 32202
Regency Centers is one of the largest shopping center-focused retail REITs. The company's portfolio includes an interest in 483 properties, which includes over 57 million square feet of retail space following the completion of the Urstadt Biddle acquisition in August 2023. The portfolio is geographically diversified with 22 regional offices and no single market representing more than 12% of total company net operating income. Regency's retail portfolio is primarily composed of grocery-anchored centers, with 80% of properties featuring a grocery anchor and grocery stores representing 20% of annual base rent.