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Dream Office Real Estate Investment Trust (TSX:D.UN) ROC (Joel Greenblatt) % : -469,304.00% (As of Sep. 2024)


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What is Dream Office Real Estate Investment 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. Dream Office Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -469,304.00%.

The historical rank and industry rank for Dream Office Real Estate Investment Trust's ROC (Joel Greenblatt) % or its related term are showing as below:

TSX:D.UN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -60541.49   Med: 2910.11   Max: 17411.65
Current: -60541.49

During the past 13 years, Dream Office Real Estate Investment Trust's highest ROC (Joel Greenblatt) % was 17411.65%. The lowest was -60541.49%. And the median was 2910.11%.

TSX:D.UN's ROC (Joel Greenblatt) % is ranked worse than
99.52% of 621 companies
in the REITs industry
Industry Median: 142.41 vs TSX:D.UN: -60541.49

Dream Office Real Estate Investment Trust's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Dream Office Real Estate Investment Trust ROC (Joel Greenblatt) % Historical Data

The historical data trend for Dream Office Real Estate Investment 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.

Dream Office Real Estate Investment Trust ROC (Joel Greenblatt) % Chart

Dream Office Real Estate Investment Trust 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 5,922.20 11,255.52 17,411.65 277.48 -33.63

Dream Office Real Estate Investment Trust Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 - 77,532.90 -76,994.20 102,970.91 -469,304.00

Competitive Comparison of Dream Office Real Estate Investment Trust's ROC (Joel Greenblatt) %

For the REIT - Office subindustry, Dream Office Real Estate Investment 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.


Dream Office Real Estate Investment Trust's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Dream Office Real Estate Investment Trust's ROC (Joel Greenblatt) % falls into.



Dream Office Real Estate Investment 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: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.196 + 0 + 5.554) - (49.208 + 2.194 + 42.525)
=-83.177

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.184 + 0 + 0.392) - (53.602 + 4.277 + 59.404)
=-108.707

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Dream Office Real Estate Investment Trust 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: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-234.652/( ( (0.099 + max(-83.177, 0)) + (0.001 + max(-108.707, 0)) )/ 2 )
=-234.652/( ( 0.099 + 0.001 )/ 2 )
=-234.652/0.05
=-469,304.00 %

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.


Dream Office Real Estate Investment Trust  (TSX:D.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.


Dream Office Real Estate Investment Trust ROC (Joel Greenblatt) % Related Terms

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Dream Office Real Estate Investment Trust Business Description

Traded in Other Exchanges
Address
30 Adelaide Street East, Suite 301, State Street Financial Centre, Toronto, ON, CAN, M5C 3H1
Dream Office Real Estate Investment Trust is a real estate investment trust that acquires, manages, and leases primarily central business district and suburban office properties in urban areas throughout Canada. The majority of the company's real estate portfolio, in terms of revenue generation, is located in the Canadian province of Ontario. The province of Alberta also brings in a sizable percentage of revenue. The company generates nearly all of its revenue in the form of rental income from mid-to long-term lease agreements with tenants. The company's office buildings located in central business districts are responsible for the vast majority of its revenue generation. Most of Dream Office's customers are in the finance, insurance, science, and government industries.

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