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Chartwell Retirement Residences (TSX:CSH.UN) ROC (Joel Greenblatt) % : 0.51% (As of Dec. 2023)


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What is Chartwell Retirement Residences 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. Chartwell Retirement Residences's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.51%.

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

TSX:CSH.UN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.94   Med: 3.21   Max: 4.11
Current: 0.94

During the past 13 years, Chartwell Retirement Residences's highest ROC (Joel Greenblatt) % was 4.11%. The lowest was 0.94%. And the median was 3.21%.

TSX:CSH.UN's ROC (Joel Greenblatt) % is ranked worse than
77.06% of 571 companies
in the REITs industry
Industry Median: 105.81 vs TSX:CSH.UN: 0.94

Chartwell Retirement Residences's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -17.70% per year.


Chartwell Retirement Residences ROC (Joel Greenblatt) % Historical Data

The historical data trend for Chartwell Retirement Residences'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.

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Chartwell Retirement Residences ROC (Joel Greenblatt) % Chart

Chartwell Retirement Residences 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 3.19 3.28 2.68 3.98 0.96

Chartwell Retirement Residences Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10.49 0.19 0.98 2.03 0.51

Competitive Comparison of Chartwell Retirement Residences's ROC (Joel Greenblatt) %

For the REIT - Residential subindustry, Chartwell Retirement Residences'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.


Chartwell Retirement Residences's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Chartwell Retirement Residences's ROC (Joel Greenblatt) % falls into.



Chartwell Retirement Residences 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.27 + 0 + 35.753) - (205.501 + 0 + 1.1368683772162E-13)
=-168.478

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.415 + 0 + 297.132) - (194.786 + 0 + 193.979)
=-90.218

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Chartwell Retirement Residences for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=14.476/( ( (2996.966 + max(-168.478, 0)) + (2721.002 + max(-90.218, 0)) )/ 2 )
=14.476/( ( 2996.966 + 2721.002 )/ 2 )
=14.476/2858.984
=0.51 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.


Chartwell Retirement Residences  (TSX:CSH.UN) 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.


Chartwell Retirement Residences ROC (Joel Greenblatt) % Related Terms

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Chartwell Retirement Residences (TSX:CSH.UN) Business Description

Traded in Other Exchanges
Address
7070 Derrycrest Drive, Mississauga, ON, CAN, L5W 0G5
Chartwell Retirement Residences is an unincorporated open-ended real estate trust that is engaged in the ownership, operations, and management of retirement residences and long-term care homes in Canada. The company has two operating segments; The Retirement Operations segment includes retirement residences that the company owns and operates in Canada. The retirement residences provide services to residents at rates set by Chartwell based on the services provided and market conditions, and The Long-Term Care Operations segment consists of long-term care homes in Ontario, one of which has an adjacent retirement residence and Admission and funding for the long-term care homes is overseen by local government agencies in each province.

Chartwell Retirement Residences (TSX:CSH.UN) Headlines

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