Charter Hall Retail REIT (ASX:CQR) EBIT : A$-80.8 Mil (TTM As of Dec. 2023)

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What is Charter Hall Retail REIT EBIT?

Charter Hall Retail REIT's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-15.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-80.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Charter Hall Retail REIT's annualized ROC % for the quarter that ended in Dec. 2023 was 3.18%. Charter Hall Retail REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -31.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Charter Hall Retail REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.59%.

Charter Hall Retail REIT EBIT Historical Data

The historical data trend for Charter Hall Retail REIT'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.

Charter Hall Retail REIT EBIT Chart

Charter Hall Retail REIT Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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85.50

71.50

315.10

691.20

76.60

Charter Hall Retail REIT 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															381.30	309.90	142.30	-65.70	-15.10

Competitive Comparison of Charter Hall Retail REIT's EBIT

For the REIT - Retail subindustry, Charter Hall Retail REIT'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.

Charter Hall Retail REIT's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Charter Hall Retail REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Charter Hall Retail REIT's EV-to-EBIT falls into.

Charter Hall Retail REIT 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 A$-80.8 Mil.

Charter Hall Retail REIT (ASX:CQR) EBIT Explanation

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

Charter Hall Retail REIT'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 )
=	126.2 * ( 1 - 0% )	/	( (4031.8	+	3911.5)	/ 2 )
=	126.2	/	3971.65
=	3.18 %

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	))
=	4099.5	-	120	-	( 22.4	-	max(0, 120.3	-	68	+	22.4	))
=	4031.8

	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	))
=	3977.4	-	49.6	-	( 16.3	-	max(0, 132.1	-	342.5	+	16.3	))
=	3911.5

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:

Charter Hall Retail REIT'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 )
=	-30.2	/	( ( (0 + max(-95.8, 0))	+	(0 + max(194.1, 0)) )	/	2 )
=	-30.2	/	( ( 0	+	194.1 )	/	2 )
=	-30.2	/	97.05
=	-31.12 %

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)
=	(2.9	+	0	+	21.6)	-	(120	+	0	+	0.3)
=	-95.8

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(21.8	+	0	+	304.4)	-	(49.6	+	0	+	82.5)
=	194.1

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:

Charter Hall Retail REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-80.8	/	3117.531
	=	-2.59 %

Charter Hall Retail REIT EBIT Related Terms

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Charter Hall Retail REIT (ASX:CQR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Charter Hall Retail REIT (ASX:CQR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

MQV:Germany

Address

No. 1 Martin Place, Level 20, Sydney, NSW, AUS, 2000

Website

https://www.charterhall.com.au

Charter Hall Retail Retail REIT owns and manages a portfolio of convenience focused retail properties, including neighbourhood and subregional shopping centres, service stations, and some retail logistics properties. The REIT is managed by Charter Hall, a listed, diversified fund manager and developer, which owns a minority stake in Charter Hall Retail REIT and frequently partners with it on acquisitions and developments. More than half of rental income comes from major tenants Woolworths, Coles, Wesfarmers, Ampol, and BP (the latter two occupy service station assets). The portfolio is more seasoned than some convenience rivals, with approximately 80% of supermarket tenants at or near thresholds for paying turnover-linked rent.

Charter Hall Retail REIT (ASX:CQR) Headlines

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