GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » FelCor Lodging Trust Inc (NYSE:FCH) » Definitions » EBIT

FelCor Lodging Trust (FelCor Lodging Trust) EBIT : $31.2 Mil (TTM As of Jun. 2017)


View and export this data going back to 1994. Start your Free Trial

What is FelCor Lodging Trust EBIT?

FelCor Lodging Trust's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2017 was $17.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2017 was $31.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FelCor Lodging Trust's annualized ROC % for the quarter that ended in Jun. 2017 was 7.66%. FelCor Lodging Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was 4.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FelCor Lodging Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was 3.09%.


FelCor Lodging Trust EBIT Historical Data

The historical data trend for FelCor Lodging Trust'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.

FelCor Lodging Trust EBIT Chart

FelCor Lodging Trust Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -65.76 16.02 67.85 79.71 78.18

FelCor Lodging Trust Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.46 8.61 20.20 -15.51 17.92

Competitive Comparison of FelCor Lodging Trust's EBIT

For the REIT - Hotel & Motel subindustry, FelCor Lodging Trust'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.


FelCor Lodging Trust's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where FelCor Lodging Trust's EV-to-EBIT falls into.



FelCor Lodging Trust 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 Jun. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $31.2 Mil.

* 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.


FelCor Lodging Trust  (NYSE:FCH) EBIT Explanation

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

FelCor Lodging Trust's annualized ROC % for the quarter that ended in Jun. 2017 is calculated as:

ROC % (Q: Jun. 2017 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2017 ) + Invested Capital (Q: Jun. 2017 ))/ count )
=71.672 * ( 1 - -67.07% )/( (1566.635 + 1557.771)/ 2 )
=119.7424104/1562.203
=7.66 %

where

Invested Capital(Q: Mar. 2017 )
=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))
=1680.165 - 138.358 - ( 50.235 - max(0, 138.358 - 113.53+50.235))
=1566.635

Invested Capital(Q: Jun. 2017 )
=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))
=1684.028 - 150.679 - ( 58.135 - max(0, 150.679 - 126.257+58.135))
=1557.771

Note: The Operating Income data used here is four times the quarterly (Jun. 2017) data.

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

FelCor Lodging Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2017 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2017  Q: Jun. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=71.672/( ( (1535.718 + max(-75.063, 0)) + (1448.346 + max(-82.557, 0)) )/ 2 )
=71.672/( ( 1535.718 + 1448.346 )/ 2 )
=71.672/1492.032
=4.80 %

where Working Capital is:

Working Capital(Q: Mar. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(40.976 + 0 + 22.319) - (138.358 + 0 + 0)
=-75.063

Working Capital(Q: Jun. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(43.923 + 0 + 24.199) - (150.679 + 0 + 0)
=-82.557

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2017) EBIT data.

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

FelCor Lodging Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2017 )
=31.21/1010.480
=3.09 %

* 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.


FelCor Lodging Trust EBIT Related Terms

Thank you for viewing the detailed overview of FelCor Lodging Trust's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


FelCor Lodging Trust (FelCor Lodging Trust) Business Description

Traded in Other Exchanges
N/A
Address
FelCor Lodging Trust Inc. is a U.S.-based real estate investment trust that invests in upper-upscale, upscale, upper-midscale and independent hotel resort markets located in the U.S. and Canada. Through its subsidiary, FelCor Lodging Limited Partnership, or FelCor LP, the company holds ownership interests in the hotels in its portfolio. The firm operates through a single segment because of the similar economic characteristics of its hotels. The majority of the company's revenue is derived from its California properties. The firm's revenue streams include Room, Food and beverage, and Other operating departments revenue. Room comprises the majority of total revenue. FelCor's hotels operate under major brands, including Hilton, Marriott, Renaissance, Sheraton, Westin, and Holiday Inn.
Executives
Steven R Goldman director, officer: CEO 777 WESTCHESTER AVENUE, C/O STARWOOD HOTELS & RESORTS WORLDWIDE, WHITEPLAIN NY 10604
Patricia L Gibson director 545 E JOHN CARPENTER FREEWAY, SUITE 1300, IRVING TX 75062
Michael C. Hughes officer: EVP, Chief Financial Officer 545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062
Christopher J Hartung director 545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062
Glenn A Carlin director 545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062
Mark D Rozells director 545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062
Thomas C Hendrick officer: EVP, Chief Investment Officer 18716 WAINSBOROUGH LANE, DALLAS TX 75287
Troy A Pentecost officer: President, COO 545 EAST JOHN CARPENTER FREEWAY, SUITE 1300, IRVING TX 75062
Dana Hamilton director C/O ARCHSTONE-SMITH TRUST, 9200 E. PANORAMA CIRCLE, SUITE 400, ENGLEWOOD CO 80112
Robert F Cotter director C/O FELCOR LODGING TRUST INCORPORATED, 545 E. JOHN CARPENTER FREEWAY, #1300, IRVING TX 75062
Lutz Robert H Jr director
Corcoran Thomas J Jr director, officer: Chairman 545 E JOHN CARPENTER, STE 1300, IRVING TX 75062
Jeffrey D Symes officer: SVP, Chief Accounting Officer 545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062
Ledsinger Charles A Jr director 545 E JOHN CARPENTER FRWY #1300, IRVING TX 75062
Jonathan H Yellen officer: EVP, GC & Secretary COMMONWEALTH HALL AT OLD PARKLAND, 3899 MAPLE AVENUE, SUITE 410, DALLAS TX 75219

FelCor Lodging Trust (FelCor Lodging Trust) Headlines