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REAX (The Real Brokerage) ROC (Joel Greenblatt) % : -473.58% (As of Sep. 2024)


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What is The Real Brokerage 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. The Real Brokerage's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -473.58%.

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

REAX' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4636.21   Med: -1796.16   Max: -783.1
Current: -1754.25

During the past 5 years, The Real Brokerage's highest ROC (Joel Greenblatt) % was -783.10%. The lowest was -4636.21%. And the median was -1796.16%.

REAX's ROC (Joel Greenblatt) % is ranked worse than
97.57% of 1769 companies
in the Real Estate industry
Industry Median: 9.2 vs REAX: -1754.25

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


The Real Brokerage ROC (Joel Greenblatt) % Historical Data

The historical data trend for The Real Brokerage'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.

The Real Brokerage ROC (Joel Greenblatt) % Chart

The Real Brokerage Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
-783.10 -1,672.86 -4,636.21 -2,326.09 -1,796.16

The Real Brokerage 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 -1,048.08 -3,030.94 -4,003.51 -209.08 -473.58

Competitive Comparison of The Real Brokerage's ROC (Joel Greenblatt) %

For the Real Estate Services subindustry, The Real Brokerage'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.


The Real Brokerage's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

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

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



The Real Brokerage 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)
=(18.631 + 0 + 43.915) - (45.853 + 33.124 + 0.35599999999999)
=-16.787

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.305 + 0 + 39.157) - (44.967 + 27.516 + 0)
=-16.021

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of The Real Brokerage 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 )
=-9.912/( ( (1.977 + max(-16.787, 0)) + (2.209 + max(-16.021, 0)) )/ 2 )
=-9.912/( ( 1.977 + 2.209 )/ 2 )
=-9.912/2.093
=-473.58 %

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.


The Real Brokerage  (NAS:REAX) 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.


The Real Brokerage ROC (Joel Greenblatt) % Related Terms

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The Real Brokerage Business Description

Traded in Other Exchanges
Address
133 King Street West, Suite 1600, Toronto, ON, CAN, M5X 1G5
The Real Brokerage Inc is a technology-powered real estate brokerage firm. It has developed, integrated, and adopted various mobile and desktop-focused technologies to create a comprehensive offering to its agents and to assist Real with its brokerage operations. The group delivers a cloud-based platform to improve efficiencies and empower real estate agents to provide a seamless end-to-end experience for homebuyers and sellers. The company generates its maximum revenue from the United States.