PAX Anlage AG (LTS:0QQS) EBIT : CHF1.24 Mil (TTM As of Jun. 2017)

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What is PAX Anlage AG EBIT?

PAX Anlage AG's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2017 was CHF-13.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2017 was CHF1.24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PAX Anlage AG's annualized ROC % for the quarter that ended in Jun. 2017 was -5.55%. PAX Anlage AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was -14.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PAX Anlage AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was 0.42%.

PAX Anlage AG EBIT Historical Data

The historical data trend for PAX Anlage 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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PAX Anlage AG EBIT Chart

PAX Anlage AG Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

EBIT

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40.64

43.33

26.62

18.06

16.17

PAX Anlage AG Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17
EBIT	Get a 7-Day Free Trial											20.50	-2.44	1.59	14.58	-13.34

Competitive Comparison of PAX Anlage AG's EBIT

For the Real Estate Services subindustry, PAX Anlage 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.

PAX Anlage AG's EV-to-EBIT Distribution in the Real Estate Industry

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

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

PAX Anlage 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 Jun. 2017 adds up the semi-annually data reported by the company within the most recent 12 months, which was CHF1.24 Mil.

PAX Anlage AG (LTS:0QQS) EBIT Explanation

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

PAX Anlage AG'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: Dec. 2016 )	+	Invested Capital (Q: Jun. 2017 ))	/ count )
=	-26.674 * ( 1 - 19.51% )	/	( (431.471	+	342.414)	/ 2 )
=	-21.4699026	/	386.9425
=	-5.55 %

where

	Invested Capital		(Q: Dec. 2016 )
=	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	))
=	503.846	-	2.607	-	( 69.768	-	max(0, 141.073	-	317.44	+	69.768	))
=	431.471

	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	))
=	434.973	-	1.473	-	( 91.086	-	max(0, 99.527	-	273.846	+	91.086	))
=	342.414

Note: The Operating Income data used here is two times the semi-annual (Jun. 2017) data.

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

PAX Anlage AG'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: Dec. 2016		Q: Jun. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-26.674	/	( ( (0.06 + max(220.869, 0))	+	(0.048 + max(159.503, 0)) )	/	2 )
=	-26.674	/	( ( 220.929	+	159.551 )	/	2 )
=	-26.674	/	190.24
=	-14.02 %

where Working Capital is:

	Working Capital		(Q: Dec. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.589	+	0	+	247.083)	-	(2.607	+	0	+	24.196)
=	220.869

	Working Capital		(Q: Jun. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.098	+	0	+	182.662)	-	(1.473	+	0	+	21.784)
=	159.503

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2017) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2017 )
	=	1.24	/	292.500
	=	0.42 %

PAX Anlage AG EBIT Related Terms

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PAX Anlage AG (LTS:0QQS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PAX Anlage AG (LTS:0QQS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.pax.ch

Pax-Anlage AG is mainly engaged in the real estate operations. The Company specializes in the construction and sale of residential property, being mostly tenement blocks; but also invests in capital, financial services, trusts and other sectors.

PAX Anlage AG (LTS:0QQS) Headlines

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