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Smartstop Self Storage REIT (Smartstop Self Storage REIT) ROC (Joel Greenblatt) % : 0.00% (As of Mar. 2024)


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What is Smartstop Self Storage 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. Smartstop Self Storage REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.00%.

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

STSFF's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 107.625
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Smartstop Self Storage REIT ROC (Joel Greenblatt) % Historical Data

The historical data trend for Smartstop Self Storage 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.

Smartstop Self Storage REIT ROC (Joel Greenblatt) % Chart

Smartstop Self Storage REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
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Smartstop Self Storage REIT Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Smartstop Self Storage REIT's ROC (Joel Greenblatt) %

For the REIT - Industrial subindustry, Smartstop Self Storage 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.


Smartstop Self Storage REIT's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

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



Smartstop Self Storage 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)
=(0 + 0 + 8.348) - (38.55 + 0 + 0)
=-30.202

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 6.913) - (47.554 + 0 + 0)
=-40.641

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Smartstop Self Storage REIT for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=61.024/( ( (0 + max(-30.202, 0)) + (0 + max(-40.641, 0)) )/ 1 )
=61.024/( ( 0 + 0 )/ 1 )
=61.024/0
= %

Note: The EBIT data used here is four times the quarterly (Mar. 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.


Smartstop Self Storage REIT  (OTCPK:STSFF) 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.


Smartstop Self Storage REIT ROC (Joel Greenblatt) % Related Terms

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


Smartstop Self Storage REIT (Smartstop Self Storage REIT) Business Description

Traded in Other Exchanges
N/A
Address
10 Terrace Road, Ladera Ranch, CA, USA, 92694
Smartstop Self Storage REIT Inc operates as a real estate investment trust. The trust owns, acquires, and operates self-storage properties. It operates in two segments namely, self-storage operations and managed REIT platform business. The investment objective is to focus on investing in self-storage facilities and related self-storage real estate investments that are expected to support sustainable stockholder distributions over the long term. The rental income was concentrated in Florida, California, and the Greater Toronto Area of Canada.
Executives
Wayne Johnson officer: President and CIO 10 TERRACE ROAD, LADERA RANCH CA 92694
Michael Mcclure officer: Chief Executive Officer 10 TERRACE ROAD, LADERA RANCH CA 92694
Paula M. Mathews director 10 TERRACE ROAD, LADERA RANCH CA 92694
Joseph H Robinson officer: Chief Operations Officer 10 TERRACE ROAD, LADERA RANCH CA 92694
Harold Perry director 10 TERRACE ROAD, LADERA RANCH CA 92694
James L. Berg officer: Former Secretary 10 TERRACE ROAD, LADERA RANCH CA 92694
Michael O Terjung officer: Chief Accounting Officer 10 TERRACE ROAD, LADERA RANCH CA 92694
Gerald Valle officer: SVP, Self-Storage Operations 10 TERRACE ROAD, LADERA RANCH CA 92694
James R. Barry officer: CFO and Treasurer 10 TERRACE ROAD, LADERA RANCH CA 92694
Nicholas Look officer: General Counsel and Secretary 10 TERRACE ROAD, LADERA RANCH CA 92694
David J Mueller director 10 TERRACE ROAD, LADERA RANCH CA 92694
Matt F Lopez officer: Chief Financial Officer 10 TERRACE ROAD, LADERA RANCH CA 92694
William H Brownfield director 111 CORPORATE DRIVE, SUITE 120, LADERA RANCH CA 92694
Timothy S. Morris director 10 TERRACE ROAD, LADERA RANCH CA 92694
H. Michael Schwartz director, officer: Chairman, CEO and President 10 TERRACE ROAD, LADERA RANCH CA 92694

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