WPGHQ.PFD (Washington Prime Group) EBIT : $-155.30 Mil (TTM As of Jun. 2021)

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What is Washington Prime Group EBIT?

Washington Prime Group's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2021 was $-50.36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2021 was $-155.30 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Washington Prime Group's annualized ROC % for the quarter that ended in Jun. 2021 was 1.25%. Washington Prime Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Washington Prime Group EBIT Historical Data

The historical data trend for Washington Prime Group'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.

Washington Prime Group EBIT Chart

Washington Prime Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

EBIT

Get a 7-Day Free Trial

215.87

361.55

252.17

157.44

-106.17

Washington Prime Group Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
EBIT	Get a 7-Day Free Trial															-55.38	-8.18	-88.19	-8.56	-50.36

Competitive Comparison of Washington Prime Group's EBIT

For the REIT - Retail subindustry, Washington Prime Group'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.

Washington Prime Group's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Washington Prime Group's EV-to-EBIT falls into.

Washington Prime Group 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-155.30 Mil.

Washington Prime Group (OTCPK:WPGHQ.PFD) EBIT Explanation

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

Washington Prime Group's annualized ROC % for the quarter that ended in Jun. 2021 is calculated as:

	ROC % (Q: Jun. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2021 )	+	Invested Capital (Q: Jun. 2021 ))	/ count )
=	51.924 * ( 1 - -0.53% )	/	( (4510.023	+	3842.745)	/ 2 )
=	52.1991972	/	4176.384
=	1.25 %

where

	Invested Capital		(Q: Mar. 2021 )
=	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	))
=	4028.916	-	249.068	-	( 57.074	-	max(0, 889.81	-	159.635	+	57.074	))
=	4510.023

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	4031.493	-	145.875	-	( 91.318	-	max(0, 145.875	-	188.748	+	91.318	))
=	3842.745

Note: The Operating Income data used here is four times the quarterly (Jun. 2021) data.

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

Washington Prime Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2021		Q: Jun. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-201.436	/	( ( (0 + max(-146.507, 0))	+	(0 + max(-48.445, 0)) )	/	2 )
=	-201.436	/	( ( 0	+	0 )	/	2 )
=	-201.436	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(102.561	+	0	+	0)	-	(249.068	+	0	+	0)
=	-146.507

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(97.43	+	0	+	0)	-	(145.875	+	0	+	0)
=	-48.445

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

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

Washington Prime Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2021 )
	=	-155.296	/	0.000
	=	%

Washington Prime Group EBIT Related Terms

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Washington Prime Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Washington Prime Group Inc (OTCPK:WPGHQ.PFD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 East Broad Street, Columbus, OH, USA, 43215

Website

http://www.washingtonprime.com

Washington Prime Group Inc is a self-managed real estate investment trust that invests in, manages, and develops retail properties. The company's portfolio consists of community shopping centres and malls across the United States, with most properties located in Texas, Ohio, Indiana, Illinois, and Florida. It generates the majority of revenue from leasing properties to tenants, which include department stores, restaurants, homeware and furniture stores, entertainment venues, general retailers, and cosmetic stores.