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Inhome Prime Properties Socimi (XMAD:YIPP) ROC (Joel Greenblatt) % : -705.56% (As of Dec. 2023)


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What is Inhome Prime Properties Socimi 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. Inhome Prime Properties Socimi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -705.56%.

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

XMAD:YIPP' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12150   Med: -5225   Max: -719.44
Current: -719.44

During the past 3 years, Inhome Prime Properties Socimi's highest ROC (Joel Greenblatt) % was -719.44%. The lowest was -12150.00%. And the median was -5225.00%.

XMAD:YIPP's ROC (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 98.89 vs XMAD:YIPP: -719.44

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


Inhome Prime Properties Socimi ROC (Joel Greenblatt) % Historical Data

The historical data trend for Inhome Prime Properties Socimi'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.

Inhome Prime Properties Socimi ROC (Joel Greenblatt) % Chart

Inhome Prime Properties Socimi Annual Data
Trend Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
-5,225.00 -12,150.00 -720.83

Inhome Prime Properties Socimi Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
ROC (Joel Greenblatt) % - -19,650.00 - - -705.56

Competitive Comparison of Inhome Prime Properties Socimi's ROC (Joel Greenblatt) %

For the REIT - Residential subindustry, Inhome Prime Properties Socimi'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.


Inhome Prime Properties Socimi's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Inhome Prime Properties Socimi's ROC (Joel Greenblatt) % falls into.



Inhome Prime Properties Socimi 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: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.042 + 0 + -0.035)
=-0.0069999999999999

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (-0.022 + 0 + -0.049)
=0.071

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Inhome Prime Properties Socimi 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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.508/( ( (0 + max(-0.0069999999999999, 0)) + (0.001 + max(0.071, 0)) )/ 1 )
=-0.508/( ( 0 + 0.072 )/ 1 )
=-0.508/0.072
=-705.56 %

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


Inhome Prime Properties Socimi  (XMAD:YIPP) 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.


Inhome Prime Properties Socimi ROC (Joel Greenblatt) % Related Terms

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Inhome Prime Properties Socimi (XMAD:YIPP) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Calle de Jose Ortega y Gasset 7, 4th Floor, Madrid, ESP, 28006
Inhome Prime Properties Socimi SA engages in acquiring real estate in the Salamanca district at a discount compared to its market price and linked to a life rent. Its objective is the acquisition and promotion of real estate of urban nature for its lease, as well as the holding of shares in other SOCIMIs.

Inhome Prime Properties Socimi (XMAD:YIPP) Headlines

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