Nippon Prologis REIT (FRA:9NPA) EBIT : €162.0 Mil (TTM As of Nov. 2023)

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What is Nippon Prologis REIT EBIT?

Nippon Prologis REIT's earnings before interest and taxes (EBIT) for the six months ended in Nov. 2023 was €81.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2023 was €162.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nippon Prologis REIT's annualized ROC % for the quarter that ended in Nov. 2023 was 3.04%. Nippon Prologis REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 3.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nippon Prologis REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 2.64%.

Nippon Prologis REIT EBIT Historical Data

The historical data trend for Nippon Prologis 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.

Nippon Prologis REIT EBIT Chart

Nippon Prologis REIT Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov23

EBIT

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137.47

157.44

171.13

176.21

155.56

Nippon Prologis REIT Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	May23	Nov23
EBIT	Get a 7-Day Free Trial															84.79	89.81	86.52	80.50	81.53

Competitive Comparison of Nippon Prologis REIT's EBIT

For the REIT - Industrial subindustry, Nippon Prologis 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.

Nippon Prologis REIT's EV-to-EBIT Distribution in the REITs Industry

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

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

Nippon Prologis 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €162.0 Mil.

Nippon Prologis REIT (FRA:9NPA) EBIT Explanation

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

Nippon Prologis REIT's annualized ROC % for the quarter that ended in Nov. 2023 is calculated as:

	ROC % (Q: Nov. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: May. 2023 )	+	Invested Capital (Q: Nov. 2023 ))	/ count )
=	167.39 * ( 1 - 0.01% )	/	( (5558.021	+	5469.146)	/ 2 )
=	167.373261	/	5513.5835
=	3.04 %

where

	Invested Capital		(Q: May. 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	))
=	5612.409	-	16.329	-	( 166.698	-	max(0, 204.131	-	242.19	+	166.698	))
=	5558.021

	Invested Capital		(Q: Nov. 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	))
=	5439.951	-	22.016	-	( 160.672	-	max(0, 272.322	-	221.111	+	160.672	))
=	5469.146

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

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

Nippon Prologis REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Nov. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: May. 2023		Q: Nov. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	163.056	/	( ( (5357.896 + max(2.259, 0))	+	(5207.954 + max(-17.427, 0)) )	/	2 )
=	163.056	/	( ( 5360.155	+	5207.954 )	/	2 )
=	163.056	/	5284.0545
=	3.09 %

where Working Capital is:

	Working Capital		(Q: May. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.587	+	0	+	63.905)	-	(16.329	+	0	+	56.904)
=	2.259

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.994	+	0	+	49.445)	-	(22.016	+	0	+	55.85)
=	-17.427

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Nov. 2023 )
	=	162.029	/	6135.467
	=	2.64 %

Nippon Prologis REIT EBIT Related Terms

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Nippon Prologis REIT (FRA:9NPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Prologis REIT Inc (FRA:9NPA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

3283:Japan

Address

Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6421

Website

http://www.prologis-reit.co.jp

Nippon Prologis REIT Inc is a Japanese real estate investment trust primarily involved in owning, operating, and developing logistics facilities in Japan's major urban markets. The company's real estate portfolio is comprised mainly of large, multitenant warehouse facilities located near transportation hubs and population clusters. Nippon Prologis also operates a sizable number of build-to-suit facilities with similar physical specifications to its other buildings. The majority of the company's properties are located in the Greater Tokyo area, while a significant percentage are located in the Greater Osaka area as well. Nippon Prologis derives nearly all of its income from rental revenue. Its customers include a variety of logistics, distribution, transportation, and industrial companies.

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