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Swire Properties EBIT

: $822 Mil (TTM As of Dec. 2020)
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Swire Properties's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2020 was $578 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2020 was $822 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Swire Properties's annualized ROC % for the quarter that ended in Dec. 2020 was 1.84%. Swire Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was 121.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Swire Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was 4.50%.


Swire Properties EBIT Historical Data

* 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.

Swire Properties Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,394.89 4,690.64 4,006.83 2,055.22 821.73

Swire Properties Semi-Annual Data
Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,148.55 1,342.70 708.82 244.13 577.66

Swire Properties 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 semi-annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2020 was $822 Mil.

* 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.


Swire Properties  (OTCPK:SWPFF) EBIT Explanation

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

Swire Properties's annualized ROC % for the quarter that ended in Dec. 2020 is calculated as:

ROC % (Q: Dec. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2020 ) + Invested Capital (Q: Dec. 2020 ))/ count )
=1021.6850062565 * ( 1 - 26.66% )/( (40985.535670507 + 40418.994053071)/ 2 )
=749.30378358854/40702.264861789
=1.84 %

where

Invested Capital(Q: Jun. 2020 )
=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))
=42755.835408575 - 784.50600637411 - ( 1449.9167752674 - max(0, 1430.0460639218 - 2415.8397956155+1449.9167752674))
=40985.535670507

Invested Capital(Q: Dec. 2020 )
=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))
=43523.136263368 - 864.30423509075 - ( 2738.941420813 - max(0, 1365.2136895471 - 3605.0516647532+2738.941420813))
=40418.994053071

Note: The Operating Income data used here is two times the semi-annual (Dec. 2020) data.

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

Swire Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2020  Q: Dec. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1155.3296611153/( ( (924.76226113211 + max(-34.06407659256, 0)) + (983.37181852191 + max(-243.16619151434, 0)) )/ 2 )
=1155.3296611153/( ( 924.76226113211 + 983.37181852191 )/ 2 )
=1155.3296611153/954.06703982701
=121.10 %

where Working Capital is:

Working Capital(Q: Jun. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(43.99943226539 + 466.57462484355 + 455.34896323918) - (784.50600637411 + 0 + 215.48109056657)
=-34.06407659256

Working Capital(Q: Dec. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(53.019259794373 + 465.69228189218 + 347.39870225364) - (864.30423509075 + 0 + 244.97220036378)
=-243.16619151434

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2020) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2020 )
=821.73402649673/18270.309
=4.50 %

* 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.


Swire Properties EBIT Related Terms


Swire Properties EBIT Headlines

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