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Abacus Storage King (ASX:ASK) EBIT : A$13.35 Mil (TTM As of Dec. 2023)


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What is Abacus Storage King EBIT?

Abacus Storage King's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$13.35 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$13.35 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Abacus Storage King's annualized ROC % for the quarter that ended in Dec. 2023 was -0.75%. Abacus Storage King's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 98.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Abacus Storage King's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.53%.

Abacus Storage King EBIT Historical Data

The historical data trend for Abacus Storage King'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.

Abacus Storage King EBIT Chart

Abacus Storage King Annual Data
Trend Jun21 Jun22
EBIT
44.69 65.37

Abacus Storage King Semi-Annual Data
Jun21 Jun22 Dec22 Dec23
EBIT - - 17.56 13.35

Competitive Comparison of Abacus Storage King's EBIT

For the REIT - Industrial subindustry, Abacus Storage King'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.

Abacus Storage King's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Abacus Storage King's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Abacus Storage King's EV-to-EBIT falls into.


Abacus Storage King 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 A$13.35 Mil.

* 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.

Abacus Storage King  (ASX:ASK) EBIT Explanation

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

Abacus Storage King'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: Dec. 2022 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=87.056 * ( 1 - 125.24% )/( (2826.3 + 3004.38)/ 2 )
=-21.9729344/2915.34
=-0.75 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=2997.5 - 148.2 - ( 147.1 - max(0, 152.5 - 175.5+147.1))
=2826.3

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))
=3106.947 - 67.289 - ( 70.496 - max(0, 72.051 - 107.329+70.496))
=3004.38

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:

Abacus Storage King'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: Dec. 2022  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=26.7/( ( (23.3 + max(-124.1, 0)) + (30.964 + max(-34.173, 0)) )/ 2 )
=26.7/( ( 23.3 + 30.964 )/ 2 )
=26.7/27.132
=98.41 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(22.5 + 0 + 5.9) - (148.2 + 0.9 + 3.4)
=-124.1

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.984 + 0 + 15.849) - (67.289 + 0 + 3.717)
=-34.173

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:

Abacus Storage King's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=13.35/2499.467
=0.53 %

* 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.

Abacus Storage King EBIT Related Terms

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Abacus Storage King (ASX:ASK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Storage King (ASX:ASK) » Definitions » EBIT
Comparable Companies
ASX:CIP ASX:BWP ASX:DXI PLD PSA EXR LSE:SGRO REXR SGX:A17U EGP CUBE COLD STAG FR SGX:M44U ASX:NSR XBRU:WDP TRNO TSE:3281 SGX:ME8U
Traded in Other Exchanges
N/A
Address
77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000
Website
https://www.abacusgroup.com.au
Abacus Storage King REIT is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.

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