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ROIC (Retail Opportunity Investments) ROC (Joel Greenblatt) % : 2,388.38% (As of Sep. 2024)


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What is Retail Opportunity Investments 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. Retail Opportunity Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2,388.38%.

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

ROIC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 282.99   Med: 441.54   Max: 1576.37
Current: 1576.37

During the past 13 years, Retail Opportunity Investments's highest ROC (Joel Greenblatt) % was 1576.37%. The lowest was 282.99%. And the median was 441.54%.

ROIC's ROC (Joel Greenblatt) % is ranked better than
80.03% of 621 companies
in the REITs industry
Industry Median: 143.4 vs ROIC: 1576.37

Retail Opportunity Investments's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 7.90% per year.


Retail Opportunity Investments ROC (Joel Greenblatt) % Historical Data

The historical data trend for Retail Opportunity Investments'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.

Retail Opportunity Investments ROC (Joel Greenblatt) % Chart

Retail Opportunity Investments 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 413.85 282.99 475.95 536.94 509.26

Retail Opportunity Investments 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 1,073.97 1,481.48 1,556.44 1,234.68 2,388.38

Competitive Comparison of Retail Opportunity Investments's ROC (Joel Greenblatt) %

For the REIT - Retail subindustry, Retail Opportunity Investments'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.


Retail Opportunity Investments's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Retail Opportunity Investments's ROC (Joel Greenblatt) % falls into.



Retail Opportunity Investments 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)
=(59.41 + 0 + 2.76) - (44.579 + 8.571 + 0)
=9.02

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(59.986 + 0 + 1.932) - (63.265 + 8.382 + 0)
=-9.729

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Retail Opportunity Investments 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 )
=215.432/( ( (0 + max(9.02, 0)) + (0 + max(-9.729, 0)) )/ 1 )
=215.432/( ( 9.02 + 0 )/ 1 )
=215.432/9.02
=2,388.38 %

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.


Retail Opportunity Investments  (NAS:ROIC) 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.


Retail Opportunity Investments ROC (Joel Greenblatt) % Related Terms

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


Retail Opportunity Investments Business Description

Traded in Other Exchanges
N/A
Address
11250 El Camino Real, Suite 200, San Diego, CA, USA, 92130
Retail Opportunity Investments Corp is a self-managed real estate investment trust. The company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. The Company's primary business is the ownership, management, and redevelopment of retail real estate properties.
Executives
Michael J. Indiveri director 3 MANHATTANVILLE ROAD, PURCHASE NY 10577
Laura H Pomerantz director
Lauren N. Silveira officer: VP, Chief Accounting Officer RETAIL OPPORTUNITY INVESTMENTS CORP., 11250 EL CAMINO ROAD, SUITE 200, SAN DIEGO CA 92130
Adrienne Banks Pitts director C/O RETAIL OPPORTUNITY INVESTMENTS CORP, 11250 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Zabrina Jenkins director C/O RETAIL OPPORTUNITY INVESTMENT CORP., 11250 EL CAMINO REAL. SUITE 200, SAN DIEGO CA 92130
Richard Schoebel officer: Chief Operating Officer C/O RETAIL OPPORTUNITY INVESTMENTS CORP., 3 MANHATTANVILLE ROAD, PURCHASE NY 10577
Angela K Ho director 975 HOOPER AVENUE, TOMS RIVER NJ 08753
Eric S Zorn director 2001 S.E. 10TH STREET, BENTONVILLE AR 72712
Charles J. Persico director 112 MASON STREET, GREENWICH CT 06830
Michael B. Haines officer: EVP,CFO, TREASURER & SECRETARY 8905 TOWNE CENTRE DRIVE, SUITE 108, SAN DIEGO CA 92122
Richard A. Baker director, 10 percent owner, officer: Executive Chairman 3 MANHATTANVILLE ROAD, PURCHASE NY 10577
Edward H Meyer director C/O OCEAN ROAD ADVISORS INC, 650 MADISON AVENUE, 26TH FL, NEW YORK NY 10022
Laurie A. Sneve officer: Sr.VP,Chief Accounting Officer 8905 TOWNE CENTRE DRIVE, SUITE 108, SAN DIEGO CA 92122
Glenhill Advisors Llc 10 percent owner 600 FIFTH AVE, 11TH FL, NEW YORK NY 10020
Glenhill Capital Overseas Master Fund, L.p. 10 percent owner 600 FIFTH AVE, 11TH FL, NEW YORK NY 10020