Mapletree Pan Asia Commercial Trust (SGX:N2IU) EBIT : S$606.6 Mil (TTM As of Dec. 2023)

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What is Mapletree Pan Asia Commercial Trust EBIT?

Mapletree Pan Asia Commercial Trust's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was S$171.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was S$606.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mapletree Pan Asia Commercial Trust's annualized ROC % for the quarter that ended in Dec. 2023 was 3.75%. Mapletree Pan Asia Commercial Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 40,936.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mapletree Pan Asia Commercial Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.62%.

Mapletree Pan Asia Commercial Trust EBIT Historical Data

The historical data trend for Mapletree Pan Asia 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.

Mapletree Pan Asia Commercial Trust EBIT Chart

Mapletree Pan Asia Commercial Trust Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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649.52

619.43

127.76

401.09

673.08

Mapletree Pan Asia Commercial Trust Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															170.00	91.42	169.97	173.44	171.78

Competitive Comparison of Mapletree Pan Asia Commercial Trust's EBIT

For the REIT - Office subindustry, Mapletree Pan Asia 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.

Mapletree Pan Asia Commercial Trust's EV-to-EBIT Distribution in the REITs Industry

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

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

Mapletree Pan Asia 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 quarterly data reported by the company within the most recent 12 months, which was S$606.6 Mil.

Mapletree Pan Asia Commercial Trust (SGX:N2IU) EBIT Explanation

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

Mapletree Pan Asia 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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	676.392 * ( 1 - 3.95% )	/	( (17226.044	+	17380.937)	/ 2 )
=	649.674516	/	17303.4905
=	3.75 %

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	))
=	16660.303	-	225.042	-	( 164.95	-	max(0, 1005.679	-	214.896	+	164.95	))
=	17226.044

	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	))
=	16572.202	-	217.89	-	( 160.987	-	max(0, 1232.74	-	206.115	+	160.987	))
=	17380.937

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 Pan Asia 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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	687.12	/	( ( (1.812 + max(-175.822, 0))	+	(1.545 + max(-177.998, 0)) )	/	2 )
=	687.12	/	( ( 1.812	+	1.545 )	/	2 )
=	687.12	/	1.6785
=	40,936.55 %

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)
=	(15.533	+	0.42	+	33.993)	-	(225.042	+	0	+	0.726)
=	-175.822

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14.88	+	0.427	+	29.821)	-	(217.89	+	0	+	5.2360000000001)
=	-177.998

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	606.605	/	13135.155
	=	4.62 %

Mapletree Pan Asia Commercial Trust EBIT Related Terms

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Mapletree Pan Asia Commercial Trust (SGX:N2IU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mapletree Pan Asia Commercial Trust (SGX:N2IU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

MPCMF:USA BI0:Germany

Address

10-80 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438

Website

https://www.mapletreepact.com

Mapletree Pan Asia Commercial Trust was established in July 2022 as a result of the merger between Mapletree Commercial Trust and Mapletree North Asia Commercial Trust. The trust has a diversified portfolio of 18 properties, which includes business parks, offices and retail malls across Singapore, Hong Kong, China, Japan, and South Korea. The trust is externally managed by MPACT Management, a subsidiary of its sponsor, which owns around a 56% stake in the trust.

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