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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. Medalist Diversified REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 340.69%.
The historical rank and industry rank for Medalist Diversified REIT's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 9 years, Medalist Diversified REIT's highest ROC (Joel Greenblatt) % was 564.74%. The lowest was -322.49%. And the median was -44.02%.
Medalist Diversified REIT's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for Medalist Diversified REIT'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.
Medalist Diversified REIT Annual Data | |||||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | ||||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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-322.49 | 29.97 | -44.02 | -112.48 | 564.74 |
Medalist Diversified REIT Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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178.23 | 1,411.17 | 132.94 | 119.66 | 340.69 |
For the REIT - Diversified subindustry, Medalist Diversified REIT'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.
For the REITs industry and Real Estate sector, Medalist Diversified REIT's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Medalist Diversified REIT's ROC (Joel Greenblatt) % falls into.
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: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.216 | + | 0 | + | 1.848) | - | (1.292 | + | 0 | + | 0) |
= | 0.772 |
Working Capital | (Q: Dec. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.331 | + | 0 | + | 1.297) | - | (1.186 | + | 0 | + | 0) |
= | 0.442 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Medalist Diversified REIT for the quarter that ended in Dec. 2024 can be restated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2024 | Q: Dec. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 2.068 | / | ( ( (0 + max(0.772, 0)) | + | (0 + max(0.442, 0)) ) | / | 2 ) |
= | 2.068 | / | ( ( 0.772 | + | 0.442 ) | / | 2 ) |
= | 2.068 | / | 0.607 | ||||
= | 340.69 % |
Note: The EBIT data used here is four times the quarterly (Dec. 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.
Medalist Diversified REIT (NAS:MDRR) 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.
Thank you for viewing the detailed overview of Medalist Diversified REIT's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Benjamin Ore | other: Senior Accountant | 12215 HAMPTON VALLEY TURN, CHESTERFIELD VA 23832 |
Winn Charles Brent Jr. | officer: Chief Financial Officer | 9601 CRAGMONT DRIVE, RICHMOND VA 23229 |
Frank Kavanaugh | director, 10 percent owner | 3419 VIA LIDO, SUITE 470, NEWPORT BEACH CA 92663 |
Timothy Patrick O'brien | director | 7504 HACKAMORE DRIVE, POTOMAC MD 20854 |
Neil P Farmer | director | 7 SHADOW LANE, RICHMOND VA 23229 |
Emanuel D Neuman | director | C/O MEDALIST DIVERSIFIED REIT, INC., PO BOX 8436, RICHAMOND VA 23226 |
David Lunin | director | C/O MEDALIST DIVERSIFIED REIT, INC., PO BOX 8436, RICHMOND VA 23226 |
Elliott Colin | other: Vice President | 2915 MONUMENT AVE., RICHMOND VA 23221 |
Alfred Lee Finley | 10 percent owner | 2800 GOLDEN TRIANGLE BLVD, FORT WORTH TX 76177 |
Thomas E Messier | director, officer: See Remarks | 11 S. 12TH STREET, SUITE 401, RICHMOND VA 23219 |
Alf Operating Partners, Ltd. | 10 percent owner | 2800 GOLDEN TRIANGLE BLVD, FORT WORTH TX 76177 |
Susan Finley | 10 percent owner | 2800 GOLDEN TRIANGLE BLVD, FORT WORTH TX 76177 |
Alf Acquisitions Company, Llc | 10 percent owner | 2800 GOLDEN TRIANGLE BLVD, FORT WORTH TX 76177 |
Bitnile Holdings, Inc. | 10 percent owner | 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141 |
Dianna Raedle | director | 240 CENTRAL PARK SOUTH, APT 6B, NEW YORK NY 10019 |
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