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Braemar Hotels & Resorts (Braemar Hotels & Resorts) EBIT : $67.9 Mil (TTM As of Mar. 2024)


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What is Braemar Hotels & Resorts EBIT?

Braemar Hotels & Resorts's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $43.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $67.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Braemar Hotels & Resorts's annualized ROC % for the quarter that ended in Mar. 2024 was 7.82%. Braemar Hotels & Resorts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 221.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Braemar Hotels & Resorts's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.72%.


Braemar Hotels & Resorts EBIT Historical Data

The historical data trend for Braemar Hotels & Resorts'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.

Braemar Hotels & Resorts EBIT Chart

Braemar Hotels & Resorts Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.47 -83.98 -0.69 75.56 66.28

Braemar Hotels & Resorts Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT 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 41.81 20.39 -0.50 4.58 43.43

Competitive Comparison of Braemar Hotels & Resorts's EBIT

For the REIT - Hotel & Motel subindustry, Braemar Hotels & Resorts'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.


Braemar Hotels & Resorts's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Braemar Hotels & Resorts's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Braemar Hotels & Resorts's EV-to-EBIT falls into.



Braemar Hotels & Resorts 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $67.9 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.


Braemar Hotels & Resorts  (NYSE:BHR) EBIT Explanation

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

Braemar Hotels & Resorts's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=169.868 * ( 1 - 8.57% )/( (1988.442 + 1984.401)/ 2 )
=155.3103124/1986.4215
=7.82 %

where

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))
=2226.824 - 162.707 - ( 85.599 - max(0, 162.707 - 238.382+85.599))
=1988.442

Invested Capital(Q: Mar. 2024 )
=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))
=2281.432 - 159.98 - ( 137.051 - max(0, 159.98 - 300.149+137.051))
=1984.401

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Braemar Hotels & Resorts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated 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 )
=173.7/( ( (78.383 + max(-27.663, 0)) + (78.117 + max(-20.659, 0)) )/ 2 )
=173.7/( ( 78.383 + 78.117 )/ 2 )
=173.7/78.25
=221.98 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(39.199 + 5.003 + 90.842) - (162.707 + 0 + 0)
=-27.663

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.001 + 4.681 + 93.639) - (159.98 + 0 + 0)
=-20.659

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Braemar Hotels & Resorts's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=67.899/1825.700
=3.72 %

* 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.


Braemar Hotels & Resorts EBIT Related Terms

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Braemar Hotels & Resorts (Braemar Hotels & Resorts) Business Description

Traded in Other Exchanges
Address
14185 Dallas Parkway, Suite 1200, Dallas, TX, USA, 75254
Braemar Hotels & Resorts Inc is a real estate investment trust company that invests in high revenue per available room, or RevPAR, luxury, upper-upscale and upscale hotels in gateway and resort locations. The firm operates in various U.S. states such as California, Texas, Washington, Philadelphia, Florida, and Illinois as well as Washington, D.C. and St. Thomas, U.S. Virgin Islands. The company operates through its direct hotel investment segment. Its revenue streams include rooms, food and beverage, and other. The firm's hotels operate under various brands, such as Marriott, Hilton, Courtyard, and Renaissance, among others.
Executives
Abteen Vaziri director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Richard J Stockton officer: Chief Executive Officer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Montgomery J Bennett director, officer: Chief Executive Officer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Mary Candace Evans director 11407 WEST RICKS CIRCLE, DALLAS TX 75230
Rebeca M Johnson director 14185 DALLAS PARKWAY, SUITE 1200, DALLAS TX 75240
Curtis B Mcwilliams director 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801
Alex Rose officer: Exec. VP, GC and Secretary 14185 DALLAS PARKWAY, SUITE 1200, DALLAS TX 75254
Deric S Eubanks officer: CFO and Treasurer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Stefani D Carter director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Mark Nunneley officer: Chief Accounting Officer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Robert G. Haiman officer: Exec. VP, GC and Secretary 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Jeremy Welter officer: EVP-Asset Management 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Darrouzet Sarah Zubiate director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Daniel B. Silvers director 1199 PARK AVENUE #17A, NEW YORK NY 10128
Lawrence A Cunningham director 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060