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CapitaLand Integrated Commercial Trust (SGX:C38U) ROC (Joel Greenblatt) % : 27,268.58% (As of Dec. 2023)


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What is CapitaLand Integrated Commercial Trust 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. CapitaLand Integrated Commercial Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 27,268.58%.

The historical rank and industry rank for CapitaLand Integrated Commercial Trust's ROC (Joel Greenblatt) % or its related term are showing as below:

SGX:C38U' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9274.25   Med: 25261.49   Max: 33554.12
Current: 24116.57

During the past 13 years, CapitaLand Integrated Commercial Trust's highest ROC (Joel Greenblatt) % was 33554.12%. The lowest was 9274.25%. And the median was 25261.49%.

SGX:C38U's ROC (Joel Greenblatt) % is ranked better than
94.02% of 569 companies
in the REITs industry
Industry Median: 112.94 vs SGX:C38U: 24116.57

CapitaLand Integrated Commercial Trust's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.50% per year.


CapitaLand Integrated Commercial Trust ROC (Joel Greenblatt) % Historical Data

The historical data trend for CapitaLand Integrated Commercial Trust'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.

CapitaLand Integrated Commercial Trust ROC (Joel Greenblatt) % Chart

CapitaLand Integrated Commercial Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26,642.27 9,274.25 19,481.71 16,863.35 23,880.71

CapitaLand Integrated Commercial Trust Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 26,523.24 17,379.99 15,901.31 21,310.90 27,268.58

Competitive Comparison of CapitaLand Integrated Commercial Trust's ROC (Joel Greenblatt) %

For the REIT - Retail subindustry, CapitaLand Integrated Commercial Trust'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.


CapitaLand Integrated Commercial Trust's ROC (Joel Greenblatt) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CapitaLand Integrated Commercial Trust's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where CapitaLand Integrated Commercial Trust's ROC (Joel Greenblatt) % falls into.



CapitaLand Integrated Commercial Trust 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)
=(50.505 + 0 + 4.398) - (323.056 + 0 + 101.385)
=-369.538

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.223 + 0 + 16.628) - (342.72 + 0 + 108.204)
=-414.073

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of CapitaLand Integrated Commercial Trust 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 )
=1353.476/( ( (4.979 + max(-369.538, 0)) + (4.948 + max(-414.073, 0)) )/ 2 )
=1353.476/( ( 4.979 + 4.948 )/ 2 )
=1353.476/4.9635
=27,268.58 %

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.


CapitaLand Integrated Commercial Trust  (SGX:C38U) 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.


CapitaLand Integrated Commercial Trust ROC (Joel Greenblatt) % Related Terms

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CapitaLand Integrated Commercial Trust (SGX:C38U) Business Description

Traded in Other Exchanges
Address
168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912
CapitaLand Integrated Commercial Trust was established following the merger between CapitaLand Mall Trust and CapitaLand Commercial Trust in October 2020. The trust has a diversified portfolio of 26 properties, which includes offices (mainly in the central business district), retail malls (includes urban and suburban malls), and integrated development. Most of its properties are located in Singapore, with assets in Germany and Australia making up less than 10% of its portfolio. The trust is externally managed by CapitaLand Integrated Commercial Trust Management; parent CapitaLand retains a 23% stake in CICT.

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