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Paragon REIT (SGX:SK6U) ROC (Joel Greenblatt) % : 3,466.41% (As of Jun. 2024)


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What is Paragon REIT 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. Paragon REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3,466.41%.

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

SGX:SK6U' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5191.47   Med: 22037.88   Max: 197607.62
Current: 4455.82

During the past 10 years, Paragon REIT's highest ROC (Joel Greenblatt) % was 197607.62%. The lowest was -5191.47%. And the median was 22037.88%.

SGX:SK6U's ROC (Joel Greenblatt) % is ranked better than
89.53% of 621 companies
in the REITs industry
Industry Median: 142.41 vs SGX:SK6U: 4455.82

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


Paragon REIT ROC (Joel Greenblatt) % Historical Data

The historical data trend for Paragon 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.

* Premium members only.

Paragon REIT ROC (Joel Greenblatt) % Chart

Paragon REIT Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26,995.27 -5,191.47 29,664.82 33,979.93 197,607.62

Paragon REIT Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Dec22 Jun23 Dec23 Jun24
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 47,907.27 42,749.03 85,272.50 210,218.87 3,466.41

Competitive Comparison of Paragon REIT's ROC (Joel Greenblatt) %

For the REIT - Retail subindustry, Paragon 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.


Paragon REIT's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

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



Paragon REIT 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.792 + 0 + 3.288) - (47.758 + 0 + 16.813)
=-59.491

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.118 + 0 + 80.167) - (62.536 + 0 + 1.79)
=21.959

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Paragon REIT for the quarter that ended in Jun. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=383.506/( ( (0.105 + max(-59.491, 0)) + (0.063 + max(21.959, 0)) )/ 2 )
=383.506/( ( 0.105 + 22.022 )/ 2 )
=383.506/11.0635
=3,466.41 %

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


Paragon REIT  (SGX:SK6U) 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.


Paragon REIT ROC (Joel Greenblatt) % Related Terms

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Paragon REIT Business Description

Industry
Traded in Other Exchanges
Address
79 Robinson Road, CapitaSky, Bridge+, Singapore, SGP, 068897
Paragon REIT is a real estate investment trust which focuses on retail properties in Singapore and other Asia Pacific regions. The trust comprises upscale retail malls, medical suite/office property, and shopping centers. Its segments include Paragon, Clementi Mall, Rail Mall, Figtree Grove, and Westfield Marion. It generates the majority of its revenue from the Paragon segment.

Paragon REIT Headlines

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