UNITE Group (FRA:U1B) EBIT : €156.5 Mil (TTM As of Dec. 2023)

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What is UNITE Group EBIT?

UNITE Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €-0.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €156.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. UNITE Group's annualized ROC % for the quarter that ended in Dec. 2023 was 1.73%. UNITE Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -16.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. UNITE Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.55%.

UNITE Group EBIT Historical Data

The historical data trend for UNITE Group'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.

UNITE Group EBIT Chart

UNITE Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-80.45

-71.93

459.09

452.57

155.89

UNITE Group 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															278.92	409.39	48.52	156.86	-0.35

Competitive Comparison of UNITE Group's EBIT

For the REIT - Diversified subindustry, UNITE Group'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.

UNITE Group's EV-to-EBIT Distribution in the REITs Industry

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

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

UNITE Group 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 €156.5 Mil.

UNITE Group (FRA:U1B) EBIT Explanation

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

UNITE Group'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	129.308 * ( 1 - 14.59% )	/	( (6230.018	+	6537.978)	/ 2 )
=	110.4419628	/	6383.998
=	1.73 %

where

	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	))
=	6388.512	-	237.742	-	( 76.334	-	max(0, 274.686	-	195.438	+	76.334	))
=	6230.018

	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	))
=	6350.399	-	154.845	-	( 42.252	-	max(0, 600.345	-	257.921	+	42.252	))
=	6537.978

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:

UNITE Group'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.696	/	( ( (2.564 + max(-149.988, 0))	+	(5.92 + max(-144.632, 0)) )	/	2 )
=	-0.696	/	( ( 2.564	+	5.92 )	/	2 )
=	-0.696	/	4.242
=	-16.41 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(98.826	+	20.278	+	0)	-	(237.742	+	0	+	31.35)
=	-149.988

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(40.394	+	30.412	+	31.108)	-	(154.845	+	0	+	91.701)
=	-144.632

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:

UNITE Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	156.515	/	6127.990
	=	2.55 %

UNITE Group EBIT Related Terms

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UNITE Group (FRA:U1B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UNITE Group PLC (FRA:U1B) » Definitions » EBIT

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UTGPF:USA UTGl:UK UTG:UK

Address

South Quay House, Temple Back, Bristol, GBR, BS1 6FL

Website

https://www.unite-group.co.uk

UNITE Group PLC develops and operates student housing. It has nearly 150 properties in the United Kingdom that can accommodate almost 50,000 students. Nearly 20% of its rental capacity is in London. The company rents rooms both directly to students and through partnerships with more than 50 universities. Properties often have communal kitchens and other common rooms. Rental income typically provides a portion of the company's revenue. The company also generates revenue from management and development fees and from property sales.

UNITE Group (FRA:U1B) Headlines

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