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CapitaLand Investment (SGX:9CI) EBIT : S$1,075 Mil (TTM As of Dec. 2023)


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What is CapitaLand Investment EBIT?

CapitaLand Investment's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was S$388 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was S$1,075 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CapitaLand Investment's annualized ROC % for the quarter that ended in Dec. 2023 was 3.41%. CapitaLand Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 61.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CapitaLand Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.55%.

CapitaLand Investment EBIT Historical Data

The historical data trend for CapitaLand Investment'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.

CapitaLand Investment EBIT Chart

CapitaLand Investment Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
2,348.00 -182.00 2,309.00 1,841.00 1,075.00

CapitaLand Investment Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial 1,104.00 802.00 1,039.00 687.00 388.00

Competitive Comparison of CapitaLand Investment's EBIT

For the Real Estate Services subindustry, CapitaLand Investment'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.

CapitaLand Investment's EV-to-EBIT Distribution in the Real Estate Industry

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

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


CapitaLand Investment 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 S$1,075 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.

CapitaLand Investment  (SGX:9CI) EBIT Explanation

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

CapitaLand Investment'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 )
=-346 * ( 1 - 423.08% )/( (33508 + 32041)/ 2 )
=1117.8568/32774.5
=3.41 %

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))
=34947 - 1291 - ( 2663 - max(0, 3825 - 3973+2663))
=33508

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))
=34133 - 1189 - ( 2460 - max(0, 3544 - 4447+2460))
=32041

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:

CapitaLand Investment'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 )
=776/( ( (1211 + max(-1257, 0)) + (1312 + max(-786, 0)) )/ 2 )
=776/( ( 1211 + 1312 )/ 2 )
=776/1261.5
=61.51 %

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)
=(256 + 241 + 210) - (1291 + 0 + 673)
=-1257

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(283 + 197 + 938) - (1189 + 0 + 1015)
=-786

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:

CapitaLand Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1075/23600.939
=4.55 %

* 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.

CapitaLand Investment EBIT Related Terms

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CapitaLand Investment (SGX:9CI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CapitaLand Investment Ltd (SGX:9CI) » Definitions » EBIT
Comparable Companies
SGX:CY6U SGX:H30 SGX:OYY SGX:O10 SGX:5JK SGX:BTE SGX:CLN SGX:A30 SGX:5IC SGX:41O CSGP CBRE XMAD:CLNX BEKE TSE:8830 HKSE:01972 OSTO:AKEL D HKSE:01997 MIL:INW HKSE:01209
Traded in Other Exchanges
CLILF:USA 5NU:Germany
Address
168 Robinson Road, No.30-01 Capital Tower, Singapore, SGP, 068912
Website
https://www.capitalandinvest.com
CapitaLand Investment, or CLI, is a Singapore-headquartered real estate investment management company with SGD 133 billion in total asset under management. The company has two core business segments: real estate investment and fee income-related business. The majority of its earnings are derived from its real estate investment business where it invests in a portfolio of office, retail, lodging, logistics, business parks, and data center assets for rental income. The firm also derives fee income from lodging management and management of underlying assets in investment vehicles such as an unlisted fund or REIT on behalf of its capital partners.

CapitaLand Investment (SGX:9CI) Headlines

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