Altarea SCA (Altarea SCA) EBIT : $-234 Mil (TTM As of Jun. 2023)

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What is Altarea SCA EBIT?

Altarea SCA's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was $33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-234 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Altarea SCA's annualized ROC % for the quarter that ended in Jun. 2023 was -15.51%. Altarea SCA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 18.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Altarea SCA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -5.11%.

Altarea SCA EBIT Historical Data

The historical data trend for Altarea SCA'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.

Altarea SCA EBIT Chart

Altarea SCA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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359.22

-504.62

379.21

577.01

-233.48

Altarea SCA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															218.19	330.13	246.19	32.61	-266.30

Competitive Comparison of Altarea SCA's EBIT

For the REIT - Residential subindustry, Altarea SCA'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.

Altarea SCA's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Altarea SCA's EV-to-EBIT falls into.

Altarea SCA 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-234 Mil.

Altarea SCA (OTCPK:ATRRF) EBIT Explanation

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

Altarea SCA's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	154.712 * ( 1 - 796.38% )	/	( (6942.585	+	6952.329)	/ 2 )
=	-1077.3834256	/	6947.457
=	-15.51 %

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	))
=	9626.801	-	1675.424	-	( 1008.792	-	max(0, 2665.36	-	4224.258	+	1008.792	))
=	6942.585

	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	))
=	9581.473	-	1951.896	-	( 677.248	-	max(0, 2829.577	-	4042.795	+	677.248	))
=	6952.329

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

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

Altarea SCA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	65.222	/	( ( (157.097 + max(177.861, 0))	+	(165.222 + max(199.241, 0)) )	/	2 )
=	65.222	/	( ( 334.958	+	364.463 )	/	2 )
=	65.222	/	349.7105
=	18.65 %

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)
=	(367.797	+	1228.072	+	670.233)	-	(1675.424	+	0	+	412.817)
=	177.861

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(382.665	+	1457.963	+	734.561)	-	(1951.896	+	0	+	424.052)
=	199.241

When net working capital is negative, 0 is used.

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

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

Altarea SCA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-233.692	/	4574.856
	=	-5.11 %

Altarea SCA EBIT Related Terms

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Altarea SCA (Altarea SCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Altarea SCA (OTCPK:ATRRF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ALTAp:UK ALTA:France XAL:Germany XAL:Germany

Address

8 avenue Delcasse, Paris, FRA, 75008

Website

https://www.altarea.com

Altarea SCA is a real estate investment trust primarily engaged in the acquisition, development, and management of properties throughout Western and Southern Europe. The company's real estate portfolio is composed of residential, retail, office, and mixed-use spaces. Altarea derives the majority of its revenue from rental income related to the leasing of its real estate assets. The company's entry-level and midrange residential apartment properties generate most of this income. In terms of geography, the vast majority of Altarea's revenue comes from its holdings in France's major urban areas, such as the Greater Paris region.

Altarea SCA (Altarea SCA) Headlines

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