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Adgar Investments & Development (XTAE:ADGR) EBIT : ₪316.6 Mil (TTM As of Dec. 2023)


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What is Adgar Investments & Development EBIT?

Adgar Investments & Development's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₪182.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₪316.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Adgar Investments & Development's annualized ROC % for the quarter that ended in Dec. 2023 was 4.01%. Adgar Investments & Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4,276.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Adgar Investments & Development's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.55%.


Adgar Investments & Development EBIT Historical Data

The historical data trend for Adgar Investments & Development'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.

Adgar Investments & Development EBIT Chart

Adgar Investments & Development Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 173.95 177.41 426.64 209.90 316.57

Adgar Investments & Development Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.05 53.31 27.58 53.13 182.55

Competitive Comparison of Adgar Investments & Development's EBIT

For the Real Estate Services subindustry, Adgar Investments & Development'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.


Adgar Investments & Development's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Adgar Investments & Development's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Adgar Investments & Development's EV-to-EBIT falls into.



Adgar Investments & Development 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 quarterly data reported by the company within the most recent 12 months, which was ₪316.6 Mil.

* 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.


Adgar Investments & Development  (XTAE:ADGR) EBIT Explanation

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

Adgar Investments & Development'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=332.884 * ( 1 - 25.37% )/( (6199.232 + 6202.517)/ 2 )
=248.4313292/6200.8745
=4.01 %

where

Invested Capital(Q: Sep. 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))
=5607.533 - 115.156 - ( 302.173 - max(0, 1124.283 - 417.428+302.173))
=6199.232

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))
=5654.649 - 71.137 - ( 252.412 - max(0, 1005.141 - 386.136+252.412))
=6202.517

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Adgar Investments & Development'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=730.188/( ( (16.267 + max(-105.241, 0)) + (17.883 + max(-60.993, 0)) )/ 2 )
=730.188/( ( 16.267 + 17.883 )/ 2 )
=730.188/17.075
=4,276.36 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.49 + 0 + 65.136) - (115.156 + 0 + 71.711)
=-105.241

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.702 + 0 + 64.97) - (71.137 + 0 + 71.528)
=-60.993

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Adgar Investments & Development's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=316.565/4195.552
=7.55 %

* 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.


Adgar Investments & Development EBIT Related Terms

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Adgar Investments & Development (XTAE:ADGR) Business Description

Traded in Other Exchanges
N/A
Address
35 Efal Street, Petach Tikva, ISR, 49511
Adgar Investments & Development Ltd is a real estate company. It operates in the income-producing real estate market. The company holds investment properties, mainly for use as office premises in Israel and abroad. It also develops and manages construction projects. The company operates in Israel, Canada, Poland, and Belgium.

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