Fonciere Sepric (XPAR:SPRIC) EBIT : €8.35 Mil (TTM As of Dec. 2014)

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What is Fonciere Sepric EBIT?

Fonciere Sepric's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2014 was €8.35 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2014 was €8.35 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fonciere Sepric's annualized ROC % for the quarter that ended in Dec. 2014 was 4.85%. Fonciere Sepric's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was 238,571.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fonciere Sepric's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was 5.38%.

Fonciere Sepric EBIT Historical Data

The historical data trend for Fonciere Sepric'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.

Fonciere Sepric EBIT Chart

Fonciere Sepric Annual Data

Trend

Dec08

Jun10

Jun11

Jun12

Dec14

EBIT

-10.55

9.04

22.15

13.92

8.35

Fonciere Sepric Semi-Annual Data
	Dec08	Jun10	Jun11	Jun12	Dec14
EBIT	-10.55	9.04	22.15	13.92	8.35

Competitive Comparison of Fonciere Sepric's EBIT

For the REIT - Diversified subindustry, Fonciere Sepric'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.

Fonciere Sepric's EV-to-EBIT Distribution in the REITs Industry

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

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

Fonciere Sepric 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2014 was €8.35 Mil.

Fonciere Sepric (XPAR:SPRIC) EBIT Explanation

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

Fonciere Sepric's annualized ROC % for the quarter that ended in Dec. 2014 is calculated as:

	ROC % (Q: Dec. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2012 )	+	Invested Capital (Q: Dec. 2014 ))	/ count )
=	10.207 * ( 1 - 0.58% )	/	( (239.006	+	179.161)	/ 2 )
=	10.1477994	/	209.0835
=	4.85 %

where

	Invested Capital		(Q: Jun. 2012 )
=	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	))
=	237.6	-	0	-	( 10.87	-	max(0, 18.6	-	17.194	+	10.87	))
=	239.006

	Invested Capital		(Q: Dec. 2014 )
=	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	))
=	177.847	-	5.201	-	( 4.173	-	max(0, 23.917	-	17.402	+	4.173	))
=	179.161

Note: The Operating Income data used here is one times the annual (Dec. 2014) data.

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

Fonciere Sepric's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2012		Q: Dec. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	8.35	/	( ( (0 + max(-4.115, 0))	+	(0.007 + max(-0.147, 0)) )	/	2 )
=	8.35	/	( ( 0	+	0.007 )	/	2 )
=	8.35	/	0.0035
=	238,571.43 %

where Working Capital is:

	Working Capital		(Q: Jun. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.325	+	0	+	5.999)	-	(0	+	0	+	10.439)
=	-4.115

	Working Capital		(Q: Dec. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.902	+	6.416	+	2.911)	-	(5.201	+	0	+	8.175)
=	-0.147

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2014) EBIT data.

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

Fonciere Sepric's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2014 )
	=	8.35	/	155.346
	=	5.38 %

Fonciere Sepric EBIT Related Terms

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Fonciere Sepric (XPAR:SPRIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fonciere Sepric SA (XPAR:SPRIC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.foncieresepric.com

Fonciere Sepric SA specializes in the promotion of commercial buildings on the outskirts of town, is the only listed property purely invested in business assets located in retail parks in commercial real estate in France and Switzerland.

Fonciere Sepric (XPAR:SPRIC) Headlines

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