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Accentro Real Estate AG (XTER:A4Y) ROC (Joel Greenblatt) % : -42.68% (As of Sep. 2023)


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What is Accentro Real Estate AG 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. Accentro Real Estate AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -42.68%.

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

XTER:A4Y' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -14.52   Med: 11.77   Max: 187.9
Current: -14.52

During the past 13 years, Accentro Real Estate AG's highest ROC (Joel Greenblatt) % was 187.90%. The lowest was -14.52%. And the median was 11.77%.

XTER:A4Y's ROC (Joel Greenblatt) % is ranked worse than
82.52% of 1779 companies
in the Real Estate industry
Industry Median: 10.17 vs XTER:A4Y: -14.52

Accentro Real Estate AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -14.20% per year.


Accentro Real Estate AG ROC (Joel Greenblatt) % Historical Data

The historical data trend for Accentro Real Estate AG'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.

Accentro Real Estate AG ROC (Joel Greenblatt) % Chart

Accentro Real Estate AG Annual Data
Trend Jun13 Jun14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.15 11.74 10.59 11.80 5.25

Accentro Real Estate AG Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 3.15 4.43 -7.86 -9.06 -42.68

Competitive Comparison of Accentro Real Estate AG's ROC (Joel Greenblatt) %

For the Real Estate Services subindustry, Accentro Real Estate AG'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.


Accentro Real Estate AG's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

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

* The bar in red indicates where Accentro Real Estate AG's ROC (Joel Greenblatt) % falls into.



Accentro Real Estate AG 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)
=(21.615 + 214.856 + 8.697) - (13.803 + 0 + 36.887)
=194.478

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(24.257 + 203.899 + 2.848) - (10.544 + 0 + 146.506)
=73.954

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Accentro Real Estate AG for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-68.356/( ( (26.102 + max(194.478, 0)) + (25.821 + max(73.954, 0)) )/ 2 )
=-68.356/( ( 220.58 + 99.775 )/ 2 )
=-68.356/160.1775
=-42.68 %

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


Accentro Real Estate AG  (XTER:A4Y) 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.


Accentro Real Estate AG ROC (Joel Greenblatt) % Related Terms

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Accentro Real Estate AG (XTER:A4Y) Business Description

Traded in Other Exchanges
Address
Kantstrasse 44/45, Berlin, BB, DEU, D-10625
Accentro Real Estate AG is a residential property company. Its core business consists of trading residential real estate within the framework of housing privatizations. Its business activities include tenant-sensitive retailing of condominiums to private owner-occupiers and buy-to-let investors, sales of real-estate portfolios to institutional investors, management of proprietary real-estate portfolios, and provision of sales and property administration services to third parties. The company has three segments the trading and privatization business, the portfolio business, and the fee-based and service business. The company generates the majority of its revenue from the trading and privatization segment.

Accentro Real Estate AG (XTER:A4Y) Headlines

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