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Duke Realty's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $123 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $1,055 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Duke Realty's annualized ROC % for the quarter that ended in Jun. 2022 was 3.45%. Duke Realty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 153.88%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Duke Realty's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 4.71%.
The historical data trend for Duke Realty'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.
Duke Realty Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
EBIT | Get a 7-Day Free Trial | 377.24 | 477.20 | 530.64 | 390.98 | 965.01 |
Duke Realty Quarterly Data | ||||||||||||||||||||
Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | |
EBIT | Get a 7-Day Free Trial | 202.40 | 526.15 | 128.57 | 277.81 | 122.92 |
For the REIT - Industrial subindustry, Duke Realty'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.
For the REITs industry and Real Estate sector, Duke Realty's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Duke Realty's EV-to-EBIT falls into.
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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,055 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.
Duke Realty (NYSE:DRE) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Duke Realty's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:
ROC % (Q: Jun. 2022 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Mar. 2022 ) | + | Invested Capital (Q: Jun. 2022 )) | / count ) |
= | 364.468 * ( 1 - 0.47% ) | / | ( (10376.262 | + | 10680.165) | / 2 ) |
= | 362.7550004 | / | 10528.2135 | |||
= | 3.45 % |
where
Invested Capital | (Q: Mar. 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 | )) |
= | 10587.409 | - | 201.987 | - | ( 9.16 | - | max(0, 201.987 | - | 576.374 | + | 9.16 | )) |
= | 10376.262 |
Invested Capital | (Q: Jun. 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 | )) |
= | 10958.282 | - | 233.922 | - | ( 44.195 | - | max(0, 233.922 | - | 624.712 | + | 44.195 | )) |
= | 10680.165 |
Note: The Operating Income data used here is four times the quarterly (Jun. 2022) data.
2. Joel Greenblatt's definition of Return on Capital:
Duke Realty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:
ROC (Joel Greenblatt) % | (Q: Jun. 2022 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Mar. 2022 | Q: Jun. 2022 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 491.66 | / | ( ( (0 + max(328.06, 0)) | + | (0 + max(310.944, 0)) ) | / | 2 ) |
= | 491.66 | / | ( ( 328.06 | + | 310.944 ) | / | 2 ) |
= | 491.66 | / | 319.502 | ||||
= | 153.88 % |
where Working Capital is:
Working Capital | (Q: Mar. 2022 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (198.62 | + | 0 | + | 331.427) | - | (201.987 | + | 0 | + | 0) |
= | 328.06 |
Working Capital | (Q: Jun. 2022 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (207.682 | + | 0 | + | 337.184) | - | (233.922 | + | 0 | + | 0) |
= | 310.944 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Duke Realty's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Jun. 2022 ) |
= | 1055.436 | / | 22401.134 | |
= | 4.71 % |
* 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.
Thank you for viewing the detailed overview of Duke Realty's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven W Schnur | officer: EVP, Chief Operating Officer | 600 E. 96TH ST, STE 100, INDIANAPOLIS IN 46240 |
Mark A Denien | officer: EVP & CFO | 600 E 96TH ST, #100, INDIANAPOLIS IN 46240 |
Scott P Anderson | director | 1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120 |
Chris T. Sultemeier | director | 1650 JOHN KING BLVD, #3602, ROCKWALL TX 75032 |
John Case | director | 600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025 |
Michael E Szymanczyk | director | DOMINION RESOURCES, INC., 100 TREDEGAR STREET, RICHMOND VA 23219 |
Warren M Thompson | director | 4951 LAKE BROOK DRIVE, SUITE 500, GLEN ALLEN VA 23060 |
Melanie R Sabelhaus | director | 227 GREENSPRING VALLEY DRIVE, OWINGS MILLS MD 21117 |
Lynn C Thurber | director | JONES LANG LASALLE INCORPORTED, 200 E RANDOLPH DR, CHICAGO IL 60601 |
Scott Peter M Iii | director | P O BOX 1551, RALEIGH NC 27601 |
Tamara D Fischer | director | 5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111 |
James B. Connor | director, officer: President and CEO | 600 E 96TH ST, #100, INDIANAPOLIS IN 46240 |
Ann C. Dee | officer: EVP,General Counsel & Corp Sec | 600 E 96TH ST, #100, INDIANAPOLIS IN 46240 |
Nicholas C. Anthony | officer: EVP, Chief Investment Officer | 600 E 96TH STREET, SUITE 100, INDIANAPOLIS IN 46240 |
Kelly T Killingsworth | director | 2430 SW 75TH TERRACE, PORTLAND OR 97225 |
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