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Frasers Commercial Trust (SGX:UP8) ROC (Joel Greenblatt) % : 183,927.27% (As of Dec. 2019)


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What is Frasers Commercial Trust 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. Frasers Commercial Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2019 was 183,927.27%.

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

SGX:UP8' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 386.1   Med: 183490.38   Max: 521510.59
Current: 360430.45

During the past 13 years, Frasers Commercial Trust's highest ROC (Joel Greenblatt) % was 521510.59%. The lowest was 386.10%. And the median was 183490.38%.

SGX:UP8's ROC (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 98.89 vs SGX:UP8: 360430.45

Frasers Commercial Trust's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 29.10% per year.


Frasers Commercial Trust ROC (Joel Greenblatt) % Historical Data

The historical data trend for Frasers Commercial Trust'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.

Frasers Commercial Trust ROC (Joel Greenblatt) % Chart

Frasers Commercial Trust Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 137,075.76 139,770.42 216,849.32 326,916.19 488,635.62

Frasers Commercial Trust Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 176,434.57 171,216.11 75,308.11 1,405,205.48 183,927.27

Competitive Comparison of Frasers Commercial Trust's ROC (Joel Greenblatt) %

For the REIT - Office subindustry, Frasers Commercial Trust'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.


Frasers Commercial Trust's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Frasers Commercial Trust's ROC (Joel Greenblatt) % falls into.



Frasers Commercial Trust 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: Sep. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.298 + 0 + 4.493) - (13.619 + 0 + 21.765)
=-29.593

Working Capital(Q: Dec. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.394 + 0 + 0) - (24.584 + 0 + 8.926)
=-26.116

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Frasers Commercial Trust for the quarter that ended in Dec. 2019 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2019  Q: Dec. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=70.812/( ( (0.033 + max(-29.593, 0)) + (0.044 + max(-26.116, 0)) )/ 2 )
=70.812/( ( 0.033 + 0.044 )/ 2 )
=70.812/0.0385
=183,927.27 %

Note: The EBIT data used here is four times the quarterly (Dec. 2019) 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.


Frasers Commercial Trust  (SGX:UP8) 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.


Frasers Commercial Trust ROC (Joel Greenblatt) % Related Terms

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Frasers Commercial Trust (SGX:UP8) Business Description

Traded in Other Exchanges
N/A
Address
438 Alexandra Road, No. 21-00 Alexandra Point, Singapore, SGP, 119958
Frasers Commercial Trust is an office and business park real estate investment trust with properties valued at around SGD 2.1 billion. The trust owns six properties: three in Australia, two in Singapore, and one in the United Kingdom. The trust wholly owns four of them, while Central Park and Farnborough Business Park are 50%-owned. Only two properties that the trust owns are located in the heart of a central business district. The trust is externally managed by Frasers Commercial Asset Management, and parent Frasers Property retains a 26% stake.

Frasers Commercial Trust (SGX:UP8) Headlines

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