Gadsden Properties (FRA:LA9N) EBIT : €-3.81 Mil (TTM As of Jun. 2019)

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What is Gadsden Properties EBIT?

Gadsden Properties's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2019 was €-1.80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2019 was €-3.81 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gadsden Properties's annualized ROC % for the quarter that ended in Jun. 2019 was -9.07%. Gadsden Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was -104.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gadsden Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was -619.51%.

Gadsden Properties EBIT Historical Data

The historical data trend for Gadsden Properties'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.

Gadsden Properties EBIT Chart

Gadsden Properties Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

EBIT

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-17.20

-17.21

-9.14

-3.40

Gadsden Properties Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
EBIT	Get a 7-Day Free Trial															1.41	-0.66	-0.84	-0.50	-1.80

Competitive Comparison of Gadsden Properties's EBIT

For the REIT - Diversified subindustry, Gadsden Properties'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.

Gadsden Properties's EV-to-EBIT Distribution in the REITs Industry

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

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

Gadsden Properties 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was €-3.81 Mil.

Gadsden Properties (FRA:LA9N) EBIT Explanation

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

Gadsden Properties's annualized ROC % for the quarter that ended in Jun. 2019 is calculated as:

	ROC % (Q: Jun. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2019 )	+	Invested Capital (Q: Jun. 2019 ))	/ count )
=	-7.212 * ( 1 - 0% )	/	( (3.212	+	155.801)	/ 2 )
=	-7.212	/	79.5065
=	-9.07 %

where

	Invested Capital		(Q: Mar. 2019 )
=	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	))
=	3.691	-	3.289	-	( 0.812	-	max(0, 3.845	-	1.035	+	0.812	))
=	3.212

	Invested Capital		(Q: Jun. 2019 )
=	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	))
=	118.868	-	9.392	-	( 0.072	-	max(0, 46.713	-	0.388	+	0.072	))
=	155.801

Note: The Operating Income data used here is four times the quarterly (Jun. 2019) data.

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

Gadsden Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2019 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2019		Q: Jun. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-7.212	/	( ( (0 + max(-3.174, 0))	+	(13.779 + max(-11.419, 0)) )	/	2 )
=	-7.212	/	( ( 0	+	13.779 )	/	2 )
=	-7.212	/	6.8895
=	-104.68 %

where Working Capital is:

	Working Capital		(Q: Mar. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.223)	-	(3.289	+	0	+	0.108)
=	-3.174

	Working Capital		(Q: Jun. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.316)	-	(9.392	+	0	+	2.343)
=	-11.419

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2019) EBIT data.

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

Gadsden Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2019 )
	=	-3.81	/	0.615
	=	-619.51 %

Gadsden Properties EBIT Related Terms

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Gadsden Properties (FRA:LA9N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gadsden Properties Inc (FRA:LA9N) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

15150 North Hayden Road, Suite 235, Scottsdale, AZ, USA, 85260

Website

https://www.gadsdenreit.com

Gadsden Properties Inc is the United States-based real estate investment trust company. It is focused on real estate development and asset management, concentrating on investments in, and the management and development of, income-producing real estate assets. It intends to target assets in secondary and tertiary markets with assets that require minimal capital expenditures. The company is focused on retail and mixed-use properties in secondary and tertiary markets across the United States.

Gadsden Properties (FRA:LA9N) Headlines

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