Retail Estates (XBRU:RET) EBIT : €173.7 Mil (TTM As of Sep. 2023)

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What is Retail Estates EBIT?

Retail Estates's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was €96.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was €173.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Retail Estates's annualized ROC % for the quarter that ended in Sep. 2023 was 5.31%. Retail Estates's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 3,041.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Retail Estates's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 9.70%.

Retail Estates EBIT Historical Data

The historical data trend for Retail Estates'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.

Retail Estates EBIT Chart

Retail Estates Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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74.42

80.42

84.43

153.66

194.27

Retail Estates Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															55.38	98.28	117.23	77.04	96.64

Competitive Comparison of Retail Estates's EBIT

For the REIT - Retail subindustry, Retail Estates'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.

Retail Estates's EV-to-EBIT Distribution in the REITs Industry

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

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

Retail Estates 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €173.7 Mil.

Retail Estates (XBRU:RET) EBIT Explanation

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

Retail Estates's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	109.088 * ( 1 - -0.26% )	/	( (2051.946	+	2070.522)	/ 2 )
=	109.3716288	/	2061.234
=	5.31 %

where

	Invested Capital		(Q: Mar. 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	))
=	1993.365	-	7.779	-	( 4.128	-	max(0, 95.379	-	29.019	+	4.128	))
=	2051.946

	Invested Capital		(Q: Sep. 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	))
=	2049.641	-	17.777	-	( 4.357	-	max(0, 77.838	-	39.18	+	4.357	))
=	2070.522

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

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

Retail Estates's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	193.282	/	( ( (6.339 + max(-20.214, 0))	+	(6.37 + max(-8.748, 0)) )	/	2 )
=	193.282	/	( ( 6.339	+	6.37 )	/	2 )
=	193.282	/	6.3545
=	3,041.66 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.442	+	0.057	+	12.202)	-	(7.779	+	0	+	36.136)
=	-20.214

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(21.891	+	0	+	9.285)	-	(17.777	+	0	+	22.147)
=	-8.748

When net working capital is negative, 0 is used.

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

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

Retail Estates's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	173.68	/	1790.671
	=	9.70 %

Retail Estates EBIT Related Terms

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Retail Estates (XBRU:RET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Retail Estates SA (XBRU:RET) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

0FSO:UK R6N:Germany

Address

Industrielaan 6, Ternat, BEL, B-1740

Website

https://www.retailestates.com

Retail Estates SA is a real estate investment trust that invests mainly in retail properties located on the periphery of residential areas or along access roads to urban centers, mainly in the Flemish and Wallonia Regions of Belgium. The company buys these properties from third parties or builds and markets retail buildings for its account. It rents its properties in a structural state, with the furnishings, fittings, and maintenance left to the discretion of the tenants. Geographically, it derives a majority of its revenue in the form of rental income from Belgium.

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