STORE Capital (STORE Capital) EBIT : $494.5 Mil (TTM As of Sep. 2022)

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What is STORE Capital EBIT?

STORE Capital's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $115.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $494.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. STORE Capital's annualized ROC % for the quarter that ended in Sep. 2022 was 5.28%. STORE Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 1,420.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. STORE Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 3.55%.

STORE Capital EBIT Historical Data

The historical data trend for STORE Capital'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.

STORE Capital EBIT Chart

STORE Capital Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

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282.97

346.67

444.06

374.08

430.02

STORE Capital Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial															116.77	116.63	129.07	133.66	115.11

Competitive Comparison of STORE Capital's EBIT

For the REIT - Diversified subindustry, STORE Capital'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.

STORE Capital's EV-to-EBIT Distribution in the REITs Industry

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

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

STORE Capital 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $494.5 Mil.

STORE Capital (NYSE:STOR) EBIT Explanation

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

STORE Capital's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	535.136 * ( 1 - 0.26% )	/	( (10046.369	+	10183.325)	/ 2 )
=	533.7446464	/	10114.847
=	5.28 %

where

	Invested Capital		(Q: Jun. 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	))
=	10326.492	-	249.268	-	( 30.855	-	max(0, 294.268	-	764.22	+	30.855	))
=	10046.369

	Invested Capital		(Q: Sep. 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	))
=	10505.981	-	275.677	-	( 46.979	-	max(0, 498.677	-	768.188	+	46.979	))
=	10183.325

Note: The Operating Income data used here is four times the quarterly (Sep. 2022) data.

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

STORE Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	460.452	/	( ( (32.601 + max(-226.089, 0))	+	(32.239 + max(-275.677, 0)) )	/	2 )
=	460.452	/	( ( 32.601	+	32.239 )	/	2 )
=	460.452	/	32.42
=	1,420.27 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	23.179)	-	(249.268	+	0	+	-5.6843418860808E-14)
=	-226.089

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(275.677	+	0	+	0)
=	-275.677

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

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

STORE Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	494.468	/	13944.224
	=	3.55 %

STORE Capital EBIT Related Terms

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STORE Capital (STORE Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » STORE Capital Corp (NYSE:STOR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

8377 East Hartford Drive, Suite 100, Scottsdale, AZ, USA, 85255

Website

https://www.storecapital.com

STORE Capital Corp is a real estate investment trust involved in the acquisition and management of single tenant operation real estate, or STORE, properties across the U.S. STORE Capital primarily leases facilities at which a company operates its business and generates sales to middle-market and large businesses through long-term agreements. Most of STORE's revenue comes from its service sector customers, which include, notably, restaurants, movie theaters, health clubs, early childhood education centers, and furniture stores. A sizable percentage of STORE's total real estate portfolio is comprised of the restaurant and industrial locations. Specifically, properties in Texas, Illinois, and Georgia make up a large amount of STORE's investments as well.

Executives

Ashley A. Dembowski	officer: SVP - Chief Accounting Officer	8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
David Alexander Mcelyea	officer: EVP Data Analytics	8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
David Michael Edwards	director	8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Lori Markson	officer: EVP - Portfolio Operations	8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Jawad A Ahsan	director	17800 N 85TH ST, SCOTTSDALE AZ 85255
Sherry L Rexroad	officer: CFO, EVP and Treasurer	2 BAYBERRY CIRCLE, AMBLER PA 19002
Joseph M Donovan	director	2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Tyler Maertz	officer: EVP - Acquisitions	8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Craig Barnett	officer: EVP-Underwriting Portfolio Mgt	8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Catherine F. Long	officer: CFO, EVP and Treasurer	8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Tawn Kelley	director	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Christopher H Volk	director, officer: President and CEO	8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
William Franklin Hipp	director	8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Chad Allen Freed	officer: EVP GC CCO & Sec.	8377 E. HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Mary Fedewa	officer: EVP - Acquisitions	8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255