RAM Essential Services Property Fund (ASX:REP) EBIT : A$-27.71 Mil (TTM As of Dec. 2023)

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What is RAM Essential Services Property Fund EBIT?

RAM Essential Services Property Fund's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-4.39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-27.71 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. RAM Essential Services Property Fund's annualized ROC % for the quarter that ended in Dec. 2023 was 3.68%. RAM Essential Services Property Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -15,252.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. RAM Essential Services Property Fund's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.71%.

RAM Essential Services Property Fund EBIT Historical Data

The historical data trend for RAM Essential Services Property Fund'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.

RAM Essential Services Property Fund EBIT Chart

RAM Essential Services Property Fund Annual Data

Trend

Jun22

Jun23

EBIT

65.64

-15.38

RAM Essential Services Property Fund Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	28.54	37.11	7.94	-23.32	-4.39

Competitive Comparison of RAM Essential Services Property Fund's EBIT

For the Asset Management subindustry, RAM Essential Services Property Fund'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.

RAM Essential Services Property Fund's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RAM Essential Services Property Fund's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where RAM Essential Services Property Fund's EV-to-EBIT falls into.

RAM Essential Services Property Fund 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$-27.71 Mil.

RAM Essential Services Property Fund (ASX:REP) EBIT Explanation

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

RAM Essential Services Property Fund'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 )
=	29.258 * ( 1 - 0% )	/	( (815.369	+	773.276)	/ 2 )
=	29.258	/	794.3225
=	3.68 %

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	))
=	816.831	-	11.602	-	( 11.952	-	max(0, 33.821	-	23.681	+	11.952	))
=	815.369

	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	))
=	781.498	-	13.209	-	( 18.51	-	max(0, 36.751	-	31.764	+	18.51	))
=	773.276

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:

RAM Essential Services Property Fund'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 )
=	-8.77	/	( ( (0 + max(0.07, 0))	+	(0 + max(0.045000000000005, 0)) )	/	2 )
=	-8.77	/	( ( 0.07	+	0.045000000000005 )	/	2 )
=	-8.77	/	0.057500000000002
=	-15,252.17 %

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)
=	(6.633	+	0	+	5.039)	-	(11.602	+	1.293	+	-1.293)
=	0.07

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.203	+	0	+	10.051)	-	(13.209	+	0	+	-7.105427357601E-15)
=	0.045000000000005

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:

RAM Essential Services Property Fund's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-27.708	/	588.709
	=	-4.71 %

RAM Essential Services Property Fund EBIT Related Terms

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RAM Essential Services Property Fund (ASX:REP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RAM Essential Services Property Fund (ASX:REP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Australia Square 264 George Street, Suite 3201, Level 32, Sydney, NSW, AUS, 2000

Website

https://www.ramgroup.com

RAM Essential Services Property Fund invests in high-quality Australian medical and essential retail real estate assets, leased to essential services tenants. Its objective is to provide investors with stable and secure income with the potential for both income and capital growth through exposure to high quality, defensive portfolio of assets with favourable sector trends.

RAM Essential Services Property Fund (ASX:REP) Headlines

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