Corpfin Capital Prime Retail III (XMAD:PR3) EBIT : €0.21 Mil (TTM As of Jun. 2023)

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What is Corpfin Capital Prime Retail III EBIT?

Corpfin Capital Prime Retail III's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €-0.15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €0.21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Corpfin Capital Prime Retail III's annualized ROC % for the quarter that ended in Jun. 2023 was -2.46%. Corpfin Capital Prime Retail III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Corpfin Capital Prime Retail III's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 3.52%.

Corpfin Capital Prime Retail III EBIT Historical Data

The historical data trend for Corpfin Capital Prime Retail III'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.

Corpfin Capital Prime Retail III EBIT Chart

Corpfin Capital Prime Retail III Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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4.58

2.89

1.75

2.21

1.13

Corpfin Capital Prime Retail III Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial												2.46	-0.25	0.77	0.36	-0.15

Competitive Comparison of Corpfin Capital Prime Retail III's EBIT

For the REIT - Diversified subindustry, Corpfin Capital Prime Retail III'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.

Corpfin Capital Prime Retail III's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Corpfin Capital Prime Retail III's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Corpfin Capital Prime Retail III's EV-to-EBIT falls into.

Corpfin Capital Prime Retail III 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.21 Mil.

Corpfin Capital Prime Retail III (XMAD:PR3) EBIT Explanation

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

Corpfin Capital Prime Retail III's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-0.148 * ( 1 - 0% )	/	( (7.677	+	4.351)	/ 2 )
=	-0.148	/	6.014
=	-2.46 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	7.748	-	0.052	-	( 0.182	-	max(0, 0.195	-	0.214	+	0.182	))
=	7.677

	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	))
=	4.428	-	0.044	-	( 0.207	-	max(0, 0.207	-	0.24	+	0.207	))
=	4.351

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Corpfin Capital Prime Retail III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.308	/	( ( (0 + max(-0.058, 0))	+	(0 + max(-0.041, 0)) )	/	2 )
=	-0.308	/	( ( 0	+	0 )	/	2 )
=	-0.308	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.02)	-	(0.052	+	0	+	0.026)
=	-0.058

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.029)	-	(0.044	+	0	+	0.026)
=	-0.041

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Corpfin Capital Prime Retail III's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	0.209	/	5.933
	=	3.52 %

Corpfin Capital Prime Retail III EBIT Related Terms

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Corpfin Capital Prime Retail III (XMAD:PR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Corpfin Capital Prime Retail III SA (XMAD:PR3) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Serrano 57, 5th Floor, Madrid, ESP, 28006

Website

http://www.corpfincapitalprimeretailiiisocimi.com

Corpfin Capital Prime Retail III SA is a real estate investment trust. The company's main activity is the acquisition and promotion of prime retail assets in the main cities of Spain for its future development, lease and divestment.

Corpfin Capital Prime Retail III (XMAD:PR3) Headlines

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