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Mercal Inmuebles Socimi (XMAD:YMEI) ROC (Joel Greenblatt) % : 440.51% (As of Dec. 2024)


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What is Mercal Inmuebles 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. Mercal Inmuebles Socimi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 440.51%.

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

XMAD:YMEI' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 17.03   Med: 8388.24   Max: 219200
Current: 718.86

During the past 12 years, Mercal Inmuebles Socimi's highest ROC (Joel Greenblatt) % was 219200.00%. The lowest was 17.03%. And the median was 8388.24%.

XMAD:YMEI's ROC (Joel Greenblatt) % is ranked better than
70.3% of 623 companies
in the REITs industry
Industry Median: 180.34 vs XMAD:YMEI: 718.86

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


Mercal Inmuebles Socimi ROC (Joel Greenblatt) % Historical Data

The historical data trend for Mercal Inmuebles 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.

Mercal Inmuebles Socimi ROC (Joel Greenblatt) % Chart

Mercal Inmuebles Socimi Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.03 23.41 - 205,000.00 210,400.00

Mercal Inmuebles Socimi Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 - 195,600.00 214,400.00 447.26 440.51

Competitive Comparison of Mercal Inmuebles Socimi's ROC (Joel Greenblatt) %

For the REIT - Diversified subindustry, Mercal Inmuebles 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.


Mercal Inmuebles Socimi's ROC (Joel Greenblatt) % Distribution in the REITs Industry

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

* The bar in red indicates where Mercal Inmuebles Socimi's ROC (Joel Greenblatt) % falls into.


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Mercal Inmuebles 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.031 + 0 + 2.077) - (0.091 + 0 + 1.072)
=0.945

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.074 + 0 + 0.038) - (0.387 + 0 + 0.042)
=-0.317

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Mercal Inmuebles Socimi for the quarter that ended in Dec. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2.088/( ( (0.002 + max(0.945, 0)) + (0.001 + max(-0.317, 0)) )/ 2 )
=2.088/( ( 0.947 + 0.001 )/ 2 )
=2.088/0.474
=440.51 %

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


Mercal Inmuebles Socimi  (XMAD:YMEI) 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.


Mercal Inmuebles Socimi ROC (Joel Greenblatt) % Related Terms

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Mercal Inmuebles Socimi Business Description

Traded in Other Exchanges
N/A
Address
Calle Orense 81, 7th Floor, Madrid, ESP, 28020
Mercal Inmuebles Socimi SA is a real estate investment trust engaged in the development, management and leasing of assets. Its main purpose is the acquisition and promotion of real estate of an urban nature for its lease. The company's property portfolio consists of commercial premises, office, hospital, garages and some plots of land. Its properties are rented to companies with medium and long-term leases.

Mercal Inmuebles Socimi Headlines

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