Keppel DC REIT (SGX:AJBU) EBIT : S$202.8 Mil (TTM As of Dec. 2023)

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What is Keppel DC REIT EBIT?

Keppel DC REIT's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was S$90.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was S$202.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Keppel DC REIT's annualized ROC % for the quarter that ended in Dec. 2023 was 4.37%. Keppel DC REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7,357.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Keppel DC REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.61%.

Keppel DC REIT EBIT Historical Data

The historical data trend for Keppel DC REIT'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.

Keppel DC REIT EBIT Chart

Keppel DC REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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138.18

205.40

363.38

294.52

202.80

Keppel DC REIT Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial														255.05	116.11	178.40	112.54	90.26

Competitive Comparison of Keppel DC REIT's EBIT

For the REIT - Office subindustry, Keppel DC REIT'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.

Keppel DC REIT's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Keppel DC REIT's EV-to-EBIT falls into.

Keppel DC REIT 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 semi-annually data reported by the company within the most recent 12 months, which was S$202.8 Mil.

Keppel DC REIT (SGX:AJBU) EBIT Explanation

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

Keppel DC REIT'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	203.112 * ( 1 - 16.19% )	/	( (3908.274	+	3875.484)	/ 2 )
=	170.2281672	/	3891.879
=	4.37 %

where

	Invested Capital		(Q: Jun. 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	))
=	4060.427	-	64.873	-	( 139.714	-	max(0, 131.42	-	218.7	+	139.714	))
=	3908.274

	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	))
=	4006.551	-	70.249	-	( 149.733	-	max(0, 148.614	-	209.432	+	149.733	))
=	3875.484

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

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

Keppel DC REIT'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	180.518	/	( ( (0 + max(4.907, 0))	+	(0 + max(-19.925, 0)) )	/	2 )
=	180.518	/	( ( 4.907	+	0 )	/	2 )
=	180.518	/	2.4535
=	7,357.57 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(71.509	+	0	+	4.143)	-	(64.873	+	0	+	5.872)
=	4.907

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(53.868	+	0	+	2.344)	-	(70.249	+	0	+	5.888)
=	-19.925

When net working capital is negative, 0 is used.

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

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

Keppel DC REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	202.803	/	4398.282
	=	4.61 %

Keppel DC REIT EBIT Related Terms

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Keppel DC REIT (SGX:AJBU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Keppel DC REIT (SGX:AJBU) » Definitions » EBIT

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Traded in Other Exchanges

KPDCF:USA

Address

16 Collyer Quay, No. 07-01, Singapore, SGP, 049318

Website

https://www.keppeldcreit.com

Keppel DC REIT is a real estate investment trust that principally invests in real estate assets used primarily for data center purposes and assets necessary to support the digital economy. As of June 30, 2023, it held a SGD 3.7 billion portfolio of 23 properties across nine countries in Asia and Europe. Its properties are leased out as colocation, fully fitted and shell and core data centers. The trust is externally managed by Keppel DC REIT Management Pte. Ltd., and parent company Keppel Corporation Limited owns around a 20% stake in the trust.

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