GWB Immobilien AG (STU:G7B) EBIT : €-1.40 Mil (TTM As of Sep. 2011)

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What is GWB Immobilien AG EBIT?

GWB Immobilien AG's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2011 was €-0.44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2011 was €-1.40 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GWB Immobilien AG's annualized ROC % for the quarter that ended in Sep. 2011 was -12.39%. GWB Immobilien AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2011 was -6.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GWB Immobilien AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2011 was -425.45%.

GWB Immobilien AG EBIT Historical Data

The historical data trend for GWB Immobilien AG'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.

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GWB Immobilien AG EBIT Chart

GWB Immobilien AG Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

EBIT

40.86

7.35

8.01

-0.77

-0.33

GWB Immobilien AG Quarterly Data
	Dec07	Jun08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
EBIT	Get a 7-Day Free Trial									0.88	-2.73	0.87	0.90	-0.44

Competitive Comparison of GWB Immobilien AG's EBIT

For the Real Estate - Development subindustry, GWB Immobilien AG'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.

GWB Immobilien AG's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, GWB Immobilien AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where GWB Immobilien AG's EV-to-EBIT falls into.

GWB Immobilien AG 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 Sep. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1.40 Mil.

GWB Immobilien AG (STU:G7B) EBIT Explanation

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

GWB Immobilien AG's annualized ROC % for the quarter that ended in Sep. 2011 is calculated as:

	ROC % (Q: Sep. 2011 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2011 )	+	Invested Capital (Q: Sep. 2011 ))	/ count )
=	-17.992 * ( 1 - -2.97% )	/	( (145.998	+	153.025)	/ 2 )
=	-18.5263624	/	149.5115
=	-12.39 %

where

	Invested Capital		(Q: Jun. 2011 )
=	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	))
=	131.451	-	7.315	-	( 0.229	-	max(0, 60.301	-	38.439	+	0.229	))
=	145.998

	Invested Capital		(Q: Sep. 2011 )
=	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	))
=	133.427	-	3.78	-	( 0.201	-	max(0, 64.222	-	40.844	+	0.201	))
=	153.025

Note: The Operating Income data used here is four times the quarterly (Sep. 2011) data.

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

GWB Immobilien AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2011 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2011 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2011		Q: Sep. 2011
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.776	/	( ( (0.114 + max(27.935, 0))	+	(0.127 + max(28.286, 0)) )	/	2 )
=	-1.776	/	( ( 28.049	+	28.413 )	/	2 )
=	-1.776	/	28.231
=	-6.29 %

where Working Capital is:

	Working Capital		(Q: Jun. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.484	+	36.953	+	0.773)	-	(7.315	+	0	+	2.96)
=	27.935

	Working Capital		(Q: Sep. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.549	+	39.794	+	0.3)	-	(3.78	+	0	+	8.577)
=	28.286

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2011) EBIT data.

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

GWB Immobilien AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2011 )
	=	-1.404	/	0.330
	=	-425.45 %

GWB Immobilien AG EBIT Related Terms

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GWB Immobilien AG (STU:G7B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » GWB Immobilien AG (STU:G7B) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hauptstrasse 1 A, Siek bei Hamburg, DEU, 22962

Website

http://www.gwb-immobilien.de

The company focuses on the implementation of large retail properties as well as on the revitalization of existing shopping centers. The company offers an integrated solution, ranging from project development and construction to marketing and management.

GWB Immobilien AG (STU:G7B) Headlines

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