Abacus Group (ASX:ABG) EBIT : A$-459.67 Mil (TTM As of Dec. 2023)

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What is Abacus Group EBIT?

Abacus Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-120.13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-459.67 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Abacus Group's annualized ROC % for the quarter that ended in Dec. 2023 was 1.38%. Abacus Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -24.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Abacus Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -25.49%.

Abacus Group EBIT Historical Data

The historical data trend for Abacus 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.

Abacus Group EBIT Chart

Abacus Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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237.34

125.07

408.51

586.19

-222.72

Abacus Group Semi-Annual Data
	Jun14	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															348.28	237.91	116.81	-339.54	-120.13

Competitive Comparison of Abacus Group's EBIT

For the REIT - Diversified subindustry, Abacus 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.

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

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

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

Abacus 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-459.67 Mil.

Abacus Group (ASX:ABG) EBIT Explanation

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

Abacus Group'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 )
=	54.184 * ( 1 - -3.07% )	/	( (5476.69	+	2596.619)	/ 2 )
=	55.8474488	/	4036.6545
=	1.38 %

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	))
=	5606.174	-	57.584	-	( 71.9	-	max(0, 1226.064	-	3225.292	+	71.9	))
=	5476.69

	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	))
=	2776.125	-	73.018	-	( 140.677	-	max(0, 84.713	-	191.201	+	140.677	))
=	2596.619

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:

Abacus Group'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 )
=	-240.268	/	( ( (0.458 + max(1927.328, 0))	+	(0.357 + max(-34.189, 0)) )	/	2 )
=	-240.268	/	( ( 1927.786	+	0.357 )	/	2 )
=	-240.268	/	964.0715
=	-24.92 %

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)
=	(46.637	+	0	+	3106.755)	-	(57.584	+	0	+	1168.48)
=	1927.328

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(34.056	+	0	+	16.468)	-	(73.018	+	0	+	11.695)
=	-34.189

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-459.669	/	1803.331
	=	-25.49 %

Abacus Group EBIT Related Terms

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Abacus Group (ASX:ABG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Group (ASX:ABG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

EZO1:Germany

Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusproperty.com.au

Abacus Group is primarily focused on storage and office property, with minor interests in other subsectors such as retail property. Its storage business remains an active acquirer and developer of property. Management separated the storage business in mid-2023. We don't view the separation as creating value in itself, however, we view it as a potential catalyst that could prompt the market to recognize latent value in Abacus' assets. However, it will likely take time for the market to get familiar with the two Abacus vehicles and its new structure.