CapitaLand Integrated Commercial Trust (SGX:C38U) EBIT : S$1,225 Mil (TTM As of Dec. 2023)

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What is CapitaLand Integrated Commercial Trust EBIT?

CapitaLand Integrated Commercial Trust's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was S$677 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was S$1,225 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CapitaLand Integrated Commercial Trust's annualized ROC % for the quarter that ended in Dec. 2023 was 4.01%. CapitaLand Integrated Commercial Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 27,268.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CapitaLand Integrated Commercial Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.43%.

CapitaLand Integrated Commercial Trust EBIT Historical Data

The historical data trend for CapitaLand Integrated Commercial Trust'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 Integrated Commercial Trust EBIT Chart

CapitaLand Integrated Commercial Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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812.99

480.13

1,284.33

963.91

1,224.96

CapitaLand Integrated Commercial Trust Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															847.55	520.18	443.73	548.22	676.74

Competitive Comparison of CapitaLand Integrated Commercial Trust's EBIT

For the REIT - Retail subindustry, CapitaLand Integrated Commercial Trust'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 Integrated Commercial Trust's EV-to-EBIT Distribution in the REITs Industry

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

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

CapitaLand Integrated Commercial Trust 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$1,225 Mil.

CapitaLand Integrated Commercial Trust (SGX:C38U) EBIT Explanation

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

CapitaLand Integrated Commercial Trust'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 )
=	1028.06 * ( 1 - 1.2% )	/	( (24945.329	+	25655.619)	/ 2 )
=	1015.72328	/	25300.474
=	4.01 %

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	))
=	24719.93	-	323.056	-	( 254.161	-	max(0, 857.519	-	309.064	+	254.161	))
=	24945.329

	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	))
=	24739.126	-	342.72	-	( 140.7	-	max(0, 1453.751	-	194.538	+	140.7	))
=	25655.619

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 Integrated Commercial Trust'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 )
=	1353.476	/	( ( (4.979 + max(-369.538, 0))	+	(4.948 + max(-414.073, 0)) )	/	2 )
=	1353.476	/	( ( 4.979	+	4.948 )	/	2 )
=	1353.476	/	4.9635
=	27,268.58 %

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)
=	(50.505	+	0	+	4.398)	-	(323.056	+	0	+	101.385)
=	-369.538

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(20.223	+	0	+	16.628)	-	(342.72	+	0	+	108.204)
=	-414.073

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 Integrated Commercial Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1224.961	/	22556.421
	=	5.43 %

CapitaLand Integrated Commercial Trust EBIT Related Terms

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CapitaLand Integrated Commercial Trust (SGX:C38U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CapitaLand Integrated Commercial Trust (SGX:C38U) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CPAMF:USA M3T:Germany

Address

168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912

Website

https://www.cict.com.sg

CapitaLand Integrated Commercial Trust was established following the merger between CapitaLand Mall Trust and CapitaLand Commercial Trust in October 2020. The trust has a diversified portfolio of 26 properties, which includes offices (mainly in the central business district), retail malls (includes urban and suburban malls), and integrated development. Most of its properties are located in Singapore, with assets in Germany and Australia making up less than 10% of its portfolio. The trust is externally managed by CapitaLand Integrated Commercial Trust Management; parent CapitaLand retains a 23% stake in CICT.

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