Precinct Properties NZ & Precinct Properties Investments (Precinct Properties NZ & Precinct Properties Investments) EBIT : $-70.1 Mil (TTM As of Dec. 2023)

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What is Precinct Properties NZ & Precinct Properties Investments EBIT?

Precinct Properties NZ & Precinct Properties Investments's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $23.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-70.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Precinct Properties NZ & Precinct Properties Investments's annualized ROC % for the quarter that ended in Dec. 2023 was 3.06%. Precinct Properties NZ & Precinct Properties Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Precinct Properties NZ & Precinct Properties Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.47%.

Precinct Properties NZ & Precinct Properties Investments EBIT Historical Data

The historical data trend for Precinct Properties NZ & Precinct Properties Investments'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.

Precinct Properties NZ & Precinct Properties Investments EBIT Chart

Precinct Properties NZ & Precinct Properties Investments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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133.86

27.40

123.10

97.33

-82.15

Precinct Properties NZ & Precinct Properties Investments 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															41.18	58.77	11.44	-93.19	23.09

Competitive Comparison of Precinct Properties NZ & Precinct Properties Investments's EBIT

For the REIT - Diversified subindustry, Precinct Properties NZ & Precinct Properties Investments'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.

Precinct Properties NZ & Precinct Properties Investments's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Precinct Properties NZ & Precinct Properties Investments's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Precinct Properties NZ & Precinct Properties Investments's EV-to-EBIT falls into.

Precinct Properties NZ & Precinct Properties Investments 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 $-70.1 Mil.

Precinct Properties NZ & Precinct Properties Investments (OTCPK:AOTUF) EBIT Explanation

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

Precinct Properties NZ & Precinct Properties Investments'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 )
=	78.034 * ( 1 - 13.56% )	/	( (2222.209	+	2189.048)	/ 2 )
=	67.4525896	/	2205.6285
=	3.06 %

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	))
=	2234.847	-	2.454	-	( 10.184	-	max(0, 51.411	-	182.515	+	10.184	))
=	2222.209

	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	))
=	2162.85	-	26.633	-	( 12.446	-	max(0, 93.777	-	40.946	+	12.446	))
=	2189.048

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:

Precinct Properties NZ & Precinct Properties Investments'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 )
=	46.172	/	( ( (44.601 + max(123.803, 0))	+	(325.513 + max(0.12399999999998, 0)) )	/	2 )
=	46.172	/	( ( 168.404	+	325.637 )	/	2 )
=	46.172	/	247.0205
=	18.69 %

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)
=	(21.84	+	0	+	150.491)	-	(2.454	+	0	+	46.074)
=	123.803

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(21.157	+	0	+	7.343)	-	(26.633	+	0.249	+	1.494)
=	0.12399999999998

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:

Precinct Properties NZ & Precinct Properties Investments's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-70.104	/	2021.893
	=	-3.47 %

Precinct Properties NZ & Precinct Properties Investments EBIT Related Terms

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Precinct Properties NZ & Precinct Properties Investments (Precinct Properties NZ & Precinct Properties Investments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Precinct Properties NZ Ltd & Precinct Properties Investments Ltd (OTCPK:AOTUF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PCT:New Zealand

Address

188 Quay Street, Level 12, Auckland, NZL, 1010

Website

https://www.precinct.co.nz

Precinct Properties NZ Ltd & Precinct Properties Investments Ltd invests predominantly in prime office properties in the central business districts of New Zealand. The company's operating segment includes Investment properties, Hospitality, and Flexible space. It generates maximum revenue from the Investment properties segment. Some of its properties include ANZ Centre; 10 Madden Street; Mason Brothers; PwC Tower at Commercial Bay and others.