Mapletree Logistics Trust (SGX:M44U) EBIT : S$785.9 Mil (TTM As of Dec. 2023)

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What is Mapletree Logistics Trust EBIT?

Mapletree Logistics Trust's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was S$122.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was S$785.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mapletree Logistics Trust's annualized ROC % for the quarter that ended in Dec. 2023 was 2.98%. Mapletree Logistics Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mapletree Logistics Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.64%.

Mapletree Logistics Trust EBIT Historical Data

The historical data trend for Mapletree Logistics 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.

Mapletree Logistics Trust EBIT Chart

Mapletree Logistics Trust Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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568.99

525.12

647.52

1,092.26

785.96

Mapletree Logistics Trust 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															127.15	366.81	135.79	161.18	122.15

Competitive Comparison of Mapletree Logistics Trust's EBIT

For the REIT - Industrial subindustry, Mapletree Logistics 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.

Mapletree Logistics Trust's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Mapletree Logistics Trust's EV-to-EBIT falls into.

Mapletree Logistics 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 quarterly data reported by the company within the most recent 12 months, which was S$785.9 Mil.

Mapletree Logistics Trust (SGX:M44U) EBIT Explanation

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

Mapletree Logistics 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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	526.112 * ( 1 - 19.25% )	/	( (14350.823	+	14123.247)	/ 2 )
=	424.83544	/	14237.035
=	2.98 %

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	))
=	14031.983	-	104.84	-	( 303.498	-	max(0, 893.81	-	470.13	+	303.498	))
=	14350.823

	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	))
=	13903.92	-	98.595	-	( 317.659	-	max(0, 801.343	-	483.421	+	317.659	))
=	14123.247

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

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

Mapletree Logistics 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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	488.612	/	( ( (0 + max(-243.019, 0))	+	(0 + max(-199.432, 0)) )	/	2 )
=	488.612	/	( ( 0	+	0 )	/	2 )
=	488.612	/	0
=	%

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)
=	(15.766	+	0	+	75.288)	-	(104.84	+	0	+	229.233)
=	-243.019

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(16.519	+	0	+	113.779)	-	(98.595	+	0	+	231.135)
=	-199.432

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	785.938	/	11838.643
	=	6.64 %

Mapletree Logistics Trust EBIT Related Terms

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Mapletree Logistics Trust (SGX:M44U) Business Description

Industry

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MAPGF:USA

Address

10 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438

Website

https://www.mapletreelogisticstrust.com

Mapletree Logistics Trust is a real estate investment trust focusing on logistics properties. As of March 31, 2023, the trust had a SGD 12.8 billion portfolio of 185 properties, spread across Singapore, Hong Kong, Japan, China, South Korea, Australia, Malaysia, Vietnam, and India. The trust is externally managed by Mapletree Logistics Trust Management Ltd, a subsidiary of Mapletree Investments Pte Ltd, which owns around a 32% stake in the trust.

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