Alliances Developpement Immobilier (CAS:ADI) EBIT : MAD350 Mil (TTM As of Jun. 2023)

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What is Alliances Developpement Immobilier EBIT?

Alliances Developpement Immobilier's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was MAD191 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was MAD350 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alliances Developpement Immobilier's annualized ROC % for the quarter that ended in Jun. 2023 was 4.27%. Alliances Developpement Immobilier's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 9.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Alliances Developpement Immobilier's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 5.03%.

Alliances Developpement Immobilier EBIT Historical Data

The historical data trend for Alliances Developpement Immobilier'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.

Alliances Developpement Immobilier EBIT Chart

Alliances Developpement Immobilier Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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550.17

183.14

-272.72

261.29

319.34

Alliances Developpement Immobilier Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Jun15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															145.85	115.44	160.20	159.14	190.83

Competitive Comparison of Alliances Developpement Immobilier's EBIT

For the Real Estate Services subindustry, Alliances Developpement Immobilier'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.

Alliances Developpement Immobilier's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Alliances Developpement Immobilier's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Alliances Developpement Immobilier's EV-to-EBIT falls into.

Alliances Developpement Immobilier 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was MAD350 Mil.

Alliances Developpement Immobilier (CAS:ADI) EBIT Explanation

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

Alliances Developpement Immobilier's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	460.674 * ( 1 - 12.94% )	/	( (9577.171	+	9221.065)	/ 2 )
=	401.0627844	/	9399.118
=	4.27 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	12818.067	-	2959.482	-	( 281.414	-	max(0, 5950.29	-	11472.364	+	281.414	))
=	9577.171

	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	))
=	12042.86	-	2681.299	-	( 140.496	-	max(0, 5343.399	-	10637.928	+	140.496	))
=	9221.065

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Alliances Developpement Immobilier's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	381.658	/	( ( (650.367 + max(3383.49, 0))	+	(656.558 + max(3300.348, 0)) )	/	2 )
=	381.658	/	( ( 4033.857	+	3956.906 )	/	2 )
=	381.658	/	3995.3815
=	9.55 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3162.959	+	6170.433	+	0.38799999999901)	-	(2959.482	+	0	+	2990.808)
=	3383.49

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2710.043	+	5933.277	+	0.42699999999968)	-	(2681.299	+	0	+	2662.1)
=	3300.348

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

Alliances Developpement Immobilier's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	349.973	/	6958.677
	=	5.03 %

Alliances Developpement Immobilier EBIT Related Terms

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Alliances Developpement Immobilier (CAS:ADI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Alliances Developpement Immobilier SA (CAS:ADI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

16, Rue Ali Abderrazak, Casablanca, MAR

Website

http://www.alliances.co.ma

Alliances Developpement Immobilier SA provides real estate services. Its business activities include development, building, marketing and managing of commercial and residential assets as well as tourist property.