Capital Realty III Investors Partnership (Capital Realty III Investors Partnership) EBIT : $3.16 Mil (TTM As of Dec. 2012)

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What is Capital Realty III Investors Partnership EBIT?

Capital Realty III Investors Partnership's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2012 was $3.16 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2012 was $3.16 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Capital Realty III Investors Partnership's annualized ROC % for the quarter that ended in Dec. 2012 was 70,266.67%. Capital Realty III Investors Partnership's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was 105,400.00%.

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

Capital Realty III Investors Partnership EBIT Historical Data

The historical data trend for Capital Realty III Investors Partnership'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.

Capital Realty III Investors Partnership EBIT Chart

Capital Realty III Investors Partnership Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

EBIT

-0.47

-0.66

-0.49

-0.45

3.16

Capital Realty III Investors Partnership Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12
EBIT	-0.47	-0.66	-0.49	-0.45	3.16

Competitive Comparison of Capital Realty III Investors Partnership's EBIT

For the Real Estate Services subindustry, Capital Realty III Investors Partnership'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.

Capital Realty III Investors Partnership's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Capital Realty III Investors Partnership's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Capital Realty III Investors Partnership's EV-to-EBIT falls into.

Capital Realty III Investors Partnership 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. 2012 was $3.16 Mil.

Capital Realty III Investors Partnership (OTCPK:XXGGD) EBIT Explanation

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

Capital Realty III Investors Partnership's annualized ROC % for the quarter that ended in Dec. 2012 is calculated as:

	ROC % (Q: Dec. 2012 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2011 )	+	Invested Capital (Q: Dec. 2012 ))	/ count )
=	3.162 * ( 1 - 0% )	/	( (0.0070000000000006	+	0.0019999999999998)	/ 2 )
=	3.162	/	0.0045000000000002
=	70,266.67 %

where

	Invested Capital		(Q: Dec. 2011 )
=	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	))
=	5.243	-	0.218	-	( 5.236	-	max(0, 0.218	-	5.236	+	5.236	))
=	0.0070000000000006

	Invested Capital		(Q: Dec. 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	))
=	4.664	-	0.19	-	( 4.662	-	max(0, 0.19	-	4.662	+	4.662	))
=	0.0019999999999998

Note: The Operating Income data used here is one times the annual (Dec. 2012) data.

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

Capital Realty III Investors Partnership's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2012 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2011		Q: Dec. 2012
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3.162	/	( ( (0.004 + max(-0.218, 0))	+	(0.002 + max(-0.19, 0)) )	/	2 )
=	3.162	/	( ( 0.004	+	0.002 )	/	2 )
=	3.162	/	0.003
=	105,400.00 %

where Working Capital is:

	Working Capital		(Q: Dec. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.218	+	0	+	0)
=	-0.218

	Working Capital		(Q: Dec. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.19	+	0	+	0)
=	-0.19

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2012) EBIT data.

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

Capital Realty III Investors Partnership's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2012 )
	=	3.162	/	0.000
	=	%

Capital Realty III Investors Partnership EBIT Related Terms

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Capital Realty III Investors Partnership (Capital Realty III Investors Partnership) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Capital Realty III Investors Ltd Partnership (OTCPK:XXGGD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.crillc.com

Capital Realty III Investors Ltd Partnership is a limited partnership which was formed under the Maryland Revised Uniform Limited Partnership Act on June 27, 1983. The General Partners of the Partnership are C.R.I., Inc. ('CRI'), which is the Managing General Partner and current and former shareholders of CRI. The Partnership was formed to invest in real estate, which is the Partnership's principal business activity, by acquiring and holding limited partner interests in limited partnerships ('Local Partnerships'). As a result of its investment in the Local Partnerships, the Partnership became the principal limited partner in 31 Local Partnerships. In another six Local Partnerships, the Partnership invested as a limited partner in intermediary partnerships which, in turn, invested as general partners in the Local Partnerships.

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