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Madison Pacific Properties (TSX:MPC) ROC (Joel Greenblatt) % : 0.00% (As of Feb. 2024)


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What is Madison Pacific Properties 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. Madison Pacific Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 0.00%.

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

During the past 13 years, Madison Pacific Properties's highest ROC (Joel Greenblatt) % was 658.87%. The lowest was 413.08%. And the median was 535.98%.

TSX:MPC's ROC (Joel Greenblatt) % is not ranked *
in the Real Estate industry.
Industry Median: 10.82
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Madison Pacific Properties ROC (Joel Greenblatt) % Historical Data

The historical data trend for Madison Pacific Properties'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.

Madison Pacific Properties ROC (Joel Greenblatt) % Chart

Madison Pacific Properties Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
ROC (Joel Greenblatt) %
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Madison Pacific Properties Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 - - - - -

Competitive Comparison of Madison Pacific Properties's ROC (Joel Greenblatt) %

For the Real Estate Services subindustry, Madison Pacific Properties'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.


Madison Pacific Properties's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Madison Pacific Properties's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Madison Pacific Properties's ROC (Joel Greenblatt) % falls into.



Madison Pacific Properties 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: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.85 + 0 + -1.4210854715202E-14) - (9.845 + 0 + 31.588)
=-38.583

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.424 + 0 + 0) - (13.097 + 0 + 0)
=-7.673

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Madison Pacific Properties for the quarter that ended in Feb. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Feb. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2023  Q: Feb. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=82.972/( ( (0 + max(-38.583, 0)) + (0 + max(-7.673, 0)) )/ 1 )
=82.972/( ( 0 + 0 )/ 1 )
=82.972/0
= %

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


Madison Pacific Properties  (TSX:MPC) 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.


Madison Pacific Properties ROC (Joel Greenblatt) % Related Terms

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Madison Pacific Properties (TSX:MPC) Business Description

Traded in Other Exchanges
Address
389 West 6th Avenue, Vancouver, BC, CAN, V5Y 1L1
Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates office, industrial, and commercial real estate properties located in Western Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment that being the Rental of Office, Industrial, Commercial, and multi-family real estate properties located in Canada. The company derives its revenue from rental operations and property management.

Madison Pacific Properties (TSX:MPC) Headlines

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