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Lightstone Value Plus REIT I (Lightstone Value Plus REIT I) ROC (Joel Greenblatt) % : 0.00% (As of Mar. 2024)


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What is Lightstone Value Plus REIT I 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. Lightstone Value Plus REIT I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.00%.

The historical rank and industry rank for Lightstone Value Plus REIT I's ROC (Joel Greenblatt) % or its related term are showing as below:

During the past 13 years, Lightstone Value Plus REIT I's highest ROC (Joel Greenblatt) % was 55.30%. The lowest was 10.86%. And the median was 34.32%.

LHTV's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 106.32
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Lightstone Value Plus REIT I's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Lightstone Value Plus REIT I ROC (Joel Greenblatt) % Historical Data

The historical data trend for Lightstone Value Plus REIT I'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.

Lightstone Value Plus REIT I ROC (Joel Greenblatt) % Chart

Lightstone Value Plus REIT I 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 46.39 - - - -

Lightstone Value Plus REIT I Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of Lightstone Value Plus REIT I's ROC (Joel Greenblatt) %

For the REIT - Hotel & Motel subindustry, Lightstone Value Plus REIT I'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.


Lightstone Value Plus REIT I's ROC (Joel Greenblatt) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Lightstone Value Plus REIT I's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Lightstone Value Plus REIT I's ROC (Joel Greenblatt) % falls into.



Lightstone Value Plus REIT I 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 7.813) - (15.048 + 0 + 0)
=-7.235

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 7.959) - (15.792 + 0 + 0)
=-7.833

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Lightstone Value Plus REIT I for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=9.176/( ( (0 + max(-7.235, 0)) + (0 + max(-7.833, 0)) )/ 1 )
=9.176/( ( 0 + 0 )/ 1 )
=9.176/0
= %

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


Lightstone Value Plus REIT I  (GREY:LHTV) 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.


Lightstone Value Plus REIT I ROC (Joel Greenblatt) % Related Terms

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Lightstone Value Plus REIT I (Lightstone Value Plus REIT I) Business Description

Traded in Other Exchanges
N/A
Address
1985 Cedar Bridge Avenue, Suite 1, Lakewood, NJ, USA, 08701
Lightstone Value Plus REIT I Inc operates as a real estate investment trust company. Principally, it engages in the business of investing in and owning commercial and residential real estate properties located in the United States. Additionally, its commercial holdings consist of retail primarily multi-tenant shopping centers, lodging, industrial and residential properties comprised of multi-family complexes. The company generates revenue through the provision of rental, tenant, and other services.
Executives
Howard E Friedman director 6201 GREEN MEADOW WAY, BALTIMORE MD 21209
Owen Peyton H Jr officer: President C/O LIGHTSTONE GROUP, 326 THIRD STREET, LAKEWOOD NJ 08701
Donna Brandin officer: CFO and Treasurer C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
George R Whittemore director P.O. BOX 330, MIDLOTHIAN VA 23113
Michael M Schurer officer: CFO, Treasurer C/O THE LIGHTSTONE GROUP, LLC, 326 3RD STREET, LAKEWOOD NJ 08701
Stephen H Hamrick officer: VP, Investor Relations 139 VAN BOLEN WAY, MAHWAH NJ 07430
David Lichtenstein director, officer: CEO, President, Chairmn Bd Dr C/O THE LIGHTSTONE GROUP, LLC, 1985 CEDAR BRIDGE AVENUE, SUITE 1, LAKEWOOD NJ 08701
Edwin J Glickman director
Vinck Bruno De director, officer: COO, Senior VP, Secretary C/O THE LIGHTSTONE GROUP, LLC, 1985 CEDAR BRIDGE AVENUE, SUITE 1, LAKEWOOD NJ 08701
Shawn R Tominus director C/O METRO MANAGEMENT, P.O. BOX 425, OLD BRIDGE NJ 08857
Joseph E Teichman officer: General Counsel C/O LIGHTSTONE VALUE PLUS REIT, INC., 326 THIRD STREET, LAKEWOOD NJ 08701

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