Sotherly Hotels (Sotherly Hotels) EBIT : $21.1 Mil (TTM As of Dec. 2023)

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What is Sotherly Hotels EBIT?

Sotherly Hotels's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $4.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $21.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sotherly Hotels's annualized ROC % for the quarter that ended in Dec. 2023 was 4.54%. Sotherly Hotels's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sotherly Hotels's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.46%.

Sotherly Hotels EBIT Historical Data

The historical data trend for Sotherly Hotels'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.

Sotherly Hotels EBIT Chart

Sotherly Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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20.69

-30.35

-5.83

54.26

21.09

Sotherly Hotels Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															10.17	5.52	9.56	2.05	3.97

Competitive Comparison of Sotherly Hotels's EBIT

For the REIT - Hotel & Motel subindustry, Sotherly Hotels'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.

Sotherly Hotels's EV-to-EBIT Distribution in the REITs Industry

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

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

Sotherly Hotels 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 quarterly data reported by the company within the most recent 12 months, which was $21.1 Mil.

Sotherly Hotels (NAS:SOHO) EBIT Explanation

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

Sotherly Hotels'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	15.792 * ( 1 - -2.39% )	/	( (357.027	+	354.919)	/ 2 )
=	16.1694288	/	355.973
=	4.54 %

where

	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	))
=	400.762	-	28.046	-	( 19.199	-	max(0, 28.046	-	43.735	+	19.199	))
=	357.027

	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	))
=	393.443	-	25.404	-	( 17.102	-	max(0, 25.404	-	38.524	+	17.102	))
=	354.919

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Sotherly Hotels'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	15.872	/	( ( (0 + max(-3.51, 0))	+	(0 + max(-3.982, 0)) )	/	2 )
=	15.872	/	( ( 0	+	0 )	/	2 )
=	15.872	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.777	+	9.554	+	10.205)	-	(28.046	+	0	+	0)
=	-3.51

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.946	+	6.342	+	9.134)	-	(25.404	+	0	+	0)
=	-3.982

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Sotherly Hotels's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	21.093	/	326.484
	=	6.46 %

Sotherly Hotels EBIT Related Terms

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Sotherly Hotels (Sotherly Hotels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sotherly Hotels Inc (NAS:SOHO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SOHON.PFD:USA SOHOO.PFD:USA SOHOB.PFD:USA MCL:Germany

Address

306 South Henry Street, Suite 100, Williamsburg, VA, USA, 23185

Website

https://www.sotherlyhotels.com

Sotherly Hotels Inc is engaged in Hotel operations. The company is a self-managed and self-administered lodging real estate investment trust that was formed to own, acquire, renovate, and reposition full-service, upscale, and upper-upscale hotel properties located in primary markets in the mid-Atlantic and southern United States. It generates revenue through the rooms, food, beverage, and other services. Geographically, the group has its presence in the regions of Florida, Georgia, Indiana, Maryland, North Carolina, Pennsylvania, Texas, and Virginia.

Executives

Andrew Sims	director, officer: Chief Executive Officer	410 W. FRANCIS STREET, WILLIAMSBURG VA 23185
Scott M Kucinski	officer: EVP & Chief Operating Officer	306 S. HENRY STREET, SUITE 100, WILLIAMSBURG VA 23185
David R Folsom	officer: Chief Operating Officer	410 W. FRANCIS STREET, WILLIAMSBURG VA 23185
Maria L Caldwell	director	410 W FRANCIS ST, WILLIAMSBURG VA 23185
Gibson George S Iv	director	410 W FRANCIS ST, WILLIAMSBURG VA 23185
Anthony E Domalski	officer: Chief Accounting Officer	6411 IVY LANE, SUITE 510, GREENBELT MD 20770
Herschel J Walker	director	410 W FRANCIS ST, WILLIAMSBURG VA 23185
Kim Sims	director	6411 IVY LANE, SUITE 510, GREENBELT MD 20770
Richmond Hill Investment Co., Lp	other: Member of Group Owning 10%	381 PARK AVENUE SOUTH, SUITE 1101, NEW YORK NY 10016
Richmond Hill Advisors, Llc	other: Member of Group Owning 10%	375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Essex Illiquid, Llc	10 percent owner, other: Member of Group Owning 10%	375 HUDSON STREET, NEW YORK NY 10014
Richmond Hill Capital Partners, Lp	other: Member of Group Owning 10%	375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Basil Maher	10 percent owner, other: Member of Group Owning 10%	C/O ESSEX EQUITY CAPITAL MANAGEMENT, LLC, 70 S. ORANGE AVENUE, SUITE 105, LIVINGSTON NJ 07039
M. Brian Maher	10 percent owner, other: Member of Group Owning 10%	C/O ESSEX EQUITY CAPITAL MANAGEMENT, LLC, 70 S. ORANGE AVENUE, SUITE 105, LIVINGSTON NJ 07039
Richmond Hill Investments, Llc	10 percent owner, other: Member of Group Owning 10%	381 PARK AVENUE SOUTH, SUITE 1101, NEW YORK NY 10016