Merlin Properties SOCIMI (Merlin Properties SOCIMI) EBIT : $30.5 Mil (TTM As of Dec. 2023)

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What is Merlin Properties SOCIMI EBIT?

Merlin Properties SOCIMI's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-255.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $30.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Merlin Properties SOCIMI's annualized ROC % for the quarter that ended in Dec. 2023 was 2.91%. Merlin Properties SOCIMI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -13,835.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Merlin Properties SOCIMI's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.31%.

Merlin Properties SOCIMI EBIT Historical Data

The historical data trend for Merlin Properties SOCIMI'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.

Merlin Properties SOCIMI EBIT Chart

Merlin Properties SOCIMI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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778.63

233.18

583.26

160.53

37.65

Merlin Properties SOCIMI 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															-96.17	93.75	-81.37	273.37	-255.26

Competitive Comparison of Merlin Properties SOCIMI's EBIT

For the REIT - Office subindustry, Merlin Properties SOCIMI'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.

Merlin Properties SOCIMI's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Merlin Properties SOCIMI's EV-to-EBIT falls into.

Merlin Properties SOCIMI 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 $30.5 Mil.

Merlin Properties SOCIMI (OTCPK:MRPRF) EBIT Explanation

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

Merlin Properties SOCIMI'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 )
=	372.768 * ( 1 - 2.37% )	/	( (12430.642	+	12577.402)	/ 2 )
=	363.9333984	/	12504.022
=	2.91 %

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	))
=	12857.955	-	124.495	-	( 383.961	-	max(0, 206.139	-	508.957	+	383.961	))
=	12430.642

	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	))
=	13157.482	-	159.913	-	( 502.126	-	max(0, 234.103	-	654.27	+	502.126	))
=	12577.402

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

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

Merlin Properties SOCIMI'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 )
=	-1021.052	/	( ( (6.972 + max(-101.122, 0))	+	(7.788 + max(-77.508, 0)) )	/	2 )
=	-1021.052	/	( ( 6.972	+	7.788 )	/	2 )
=	-1021.052	/	7.38
=	-13,835.39 %

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)
=	(56.367	+	0	+	-0.0010000000000332)	-	(124.495	+	0	+	32.993)
=	-101.122

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(44.762	+	55.59	+	28.033)	-	(159.913	+	0	+	45.98)
=	-77.508

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:

Merlin Properties SOCIMI's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	30.481	/	9794.694
	=	0.31 %

Merlin Properties SOCIMI EBIT Related Terms

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Merlin Properties SOCIMI (Merlin Properties SOCIMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Merlin Properties SOCIMI SA (OTCPK:MRPRF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

MRL:Portugal MRLe:UK 0QVM:UK MRL:Spain MEQA:Germany

Address

Paseo de la Castellana 257, Madrid, ESP, 28046

Website

https://www.merlinproperties.com

Merlin Properties SOCIMI SA is a Spain-based company engaged in the operation of the real estate investment trust. The main activity of the company is the acquisition, active management, operation and selective rotation of quality commercial real estate assets in the "Core" and "Core-Plus" investment segments, mainly in Spain and, to a lesser extent, in Portugal. Its segments are based on the type of assets namely Office buildings, Net lease, Shopping centers, Logistics assets, and others. The company generates the maximum revenue from the Office buildings segment.

Merlin Properties SOCIMI (Merlin Properties SOCIMI) Headlines

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