Shurgard Self-Storage (XBRU:SHUR) EBIT : €504.4 Mil (TTM As of Dec. 2023)

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What is Shurgard Self-Storage EBIT?

Shurgard Self-Storage's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €283.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €504.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shurgard Self-Storage's annualized ROC % for the quarter that ended in Dec. 2023 was 3.58%. Shurgard Self-Storage's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 23,336.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shurgard Self-Storage's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.68%.

Shurgard Self-Storage EBIT Historical Data

The historical data trend for Shurgard Self-Storage'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.

Shurgard Self-Storage EBIT Chart

Shurgard Self-Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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225.39

418.13

644.71

783.16

504.37

Shurgard Self-Storage Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial											415.21	490.56	292.60	221.18	283.18

Competitive Comparison of Shurgard Self-Storage's EBIT

For the Real Estate Services subindustry, Shurgard Self-Storage'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.

Shurgard Self-Storage's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Shurgard Self-Storage's EV-to-EBIT falls into.

Shurgard Self-Storage 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 €504.4 Mil.

Shurgard Self-Storage (XBRU:SHUR) EBIT Explanation

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

Shurgard Self-Storage'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 )
=	221.414 * ( 1 - 19.41% )	/	( (4772.379	+	5205.858)	/ 2 )
=	178.4375426	/	4989.1185
=	3.58 %

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	))
=	4830.934	-	94.614	-	( 57.192	-	max(0, 140.856	-	104.797	+	57.192	))
=	4772.379

	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	))
=	5353.877	-	78.008	-	( 258.118	-	max(0, 228.089	-	298.1	+	258.118	))
=	5205.858

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:

Shurgard Self-Storage'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 )
=	566.368	/	( ( (2.372 + max(-89.037, 0))	+	(2.482 + max(-83.73, 0)) )	/	2 )
=	566.368	/	( ( 2.372	+	2.482 )	/	2 )
=	566.368	/	2.427
=	23,336.14 %

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)
=	(19.054	+	0	+	28.551)	-	(94.614	+	0	+	42.028)
=	-89.037

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19.73	+	0	+	20.252)	-	(78.008	+	0	+	45.704)
=	-83.73

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:

Shurgard Self-Storage's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	504.367	/	4319.747
	=	11.68 %

Shurgard Self-Storage EBIT Related Terms

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Shurgard Self-Storage (XBRU:SHUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shurgard Self-Storage SA (XBRU:SHUR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SSSAF:USA SHURb:UK

Address

11 Rue De l'Industrie, Windhof, Luxembourg, LUX, L-8399

Website

https://www.shurgard.eu

Shurgard Self-Storage SA Formerly Shurgard Self Storage Ltd is an owner and operator of self-storage centers. The company has two reportable segments namely Same Stores and Non-Same Stores. It generates maximum revenue from the Same Stores segment. Geographically, the company derives the majority revenue from France and also has a presence in the Netherlands, UK, Sweden, Belgium, Germany, and Denmark among others.

Shurgard Self-Storage (XBRU:SHUR) Headlines

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