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Kb Star REIT Co (XKRX:432320) ROC (Joel Greenblatt) % : 0.00% (As of Oct. 2024)


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What is Kb Star REIT Co 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. Kb Star REIT Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was 0.00%.

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

XKRX:432320's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 180.53
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Kb Star REIT Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Kb Star REIT Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Kb Star REIT Co'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.

Kb Star REIT Co ROC (Joel Greenblatt) % Chart

Kb Star REIT Co Annual Data
Trend Jun22 Jan23 Jan24
ROC (Joel Greenblatt) %
- - -

Kb Star REIT Co Semi-Annual Data
Mar22 Sep22 Apr23 Oct23 Apr24 Oct24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial - - - - -

Competitive Comparison of Kb Star REIT Co's ROC (Joel Greenblatt) %

For the REIT - Office subindustry, Kb Star REIT Co'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.


Kb Star REIT Co's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Kb Star REIT Co's ROC (Joel Greenblatt) % falls into.


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Kb Star REIT Co 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: Apr. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 7107.034) - (4095.217 + 0 + 25644.752)
=-22632.935

Working Capital(Q: Oct. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 5251.527) - (29685.185 + 0 + 45687.721)
=-70121.379

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Kb Star REIT Co for the quarter that ended in Oct. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Oct. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2024  Q: Oct. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=14837.434/( ( (0 + max(-22632.935, 0)) + (0 + max(-70121.379, 0)) )/ 1 )
=14837.434/( ( 0 + 0 )/ 1 )
=14837.434/0
= %

Note: The EBIT data used here is two times the semi-annual (Oct. 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.


Kb Star REIT Co  (XKRX:432320) 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.


Kb Star REIT Co ROC (Joel Greenblatt) % Related Terms

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Kb Star REIT Co Business Description

Traded in Other Exchanges
N/A
Address
10, Gukjegeumyung-ro, 40th Floor, 41th Floor, Three IFC, Yeongdeungpo-gu, Seoul, KOR, 07326
Kb Star REIT Co Ltd is a publicly traded REITs operating on a going concern basis with base assets including the Galaxy Tower in Belgium and Samsung's Europe HQ in the UK.

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