CapitaLand Ascendas REIT (CapitaLand Ascendas REIT) EBIT : $314 Mil (TTM As of Dec. 2023)

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What is CapitaLand Ascendas REIT EBIT?

CapitaLand Ascendas REIT's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $-65 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $314 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CapitaLand Ascendas REIT's annualized ROC % for the quarter that ended in Dec. 2023 was 4.29%. CapitaLand Ascendas REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -27.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CapitaLand Ascendas REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.22%.

CapitaLand Ascendas REIT EBIT Historical Data

The historical data trend for CapitaLand Ascendas REIT's EBIT 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 Ascendas REIT EBIT Chart

CapitaLand Ascendas REIT Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

EBIT

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472.88

491.25

882.91

759.92

317.22

CapitaLand Ascendas REIT Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															555.95	373.20	380.23	379.35	-65.39

Competitive Comparison of CapitaLand Ascendas REIT's EBIT

For the REIT - Industrial subindustry, CapitaLand Ascendas REIT's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 Ascendas REIT's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CapitaLand Ascendas REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CapitaLand Ascendas REIT's EV-to-EBIT falls into.

CapitaLand Ascendas REIT EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $314 Mil.

CapitaLand Ascendas REIT (OTCPK:ACDSF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

CapitaLand Ascendas REIT's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	695.616 * ( 1 - 11.88% )	/	( (14291.721	+	14317.434)	/ 2 )
=	612.9768192	/	14304.5775
=	4.29 %

where

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	13670.108	-	291.16	-	( 158.653	-	max(0, 1147.826	-	235.053	+	158.653	))
=	14291.721

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	13715.022	-	317.951	-	( 166.338	-	max(0, 1203.521	-	283.158	+	166.338	))
=	14317.434

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

CapitaLand Ascendas REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated 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 )
=	-130.778	/	( ( (478.349 + max(-320.474, 0))	+	(485.19 + max(-265.84, 0)) )	/	2 )
=	-130.778	/	( ( 478.349	+	485.19 )	/	2 )
=	-130.778	/	481.7695
=	-27.15 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(64.908	+	0	+	11.492)	-	(291.16	+	0	+	105.714)
=	-320.474

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(66.32	+	46.867	+	3.633)	-	(317.951	+	0	+	64.709)
=	-265.84

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

CapitaLand Ascendas REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	313.964	/	14121.651
	=	2.22 %

CapitaLand Ascendas REIT EBIT Related Terms

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CapitaLand Ascendas REIT (CapitaLand Ascendas REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CapitaLand Ascendas REIT (OTCPK:ACDSF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

A17U:Singapore S3Z:Germany

Address

168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912

Website

https://www.capitaland-ascendasreit.com

CapitaLand Ascendas REIT is a real estate investment trust focusing on the industrial and business space. As of Dec. 31, 2022, it held a SGD 16.4 billion portfolio of 220 properties across Singapore, Australia, Europe, and the U.S. The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. The trust is externally managed by Ascendas Funds Management, a subsidiary of CapitaLand Investment, which owns an 18% stake in the trust.

CapitaLand Ascendas REIT (CapitaLand Ascendas REIT) Headlines

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