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Noval Property Real Estate Investment Co (ATH:NOVAL) EBIT : € Mil (TTM As of Dec. 2023)


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What is Noval Property Real Estate Investment Co EBIT?

Noval Property Real Estate Investment Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €75.84 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Noval Property Real Estate Investment Co's annualized ROC % for the quarter that ended in Dec. 2023 was 3.01%. Noval Property Real Estate Investment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2,192.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Noval Property Real Estate Investment Co EBIT Historical Data

The historical data trend for Noval Property Real Estate Investment Co'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.

Noval Property Real Estate Investment Co EBIT Chart

Noval Property Real Estate Investment Co Annual Data
Trend Dec21 Dec22 Dec23
EBIT
39.63 32.85 75.84

Noval Property Real Estate Investment Co Semi-Annual Data
Dec21 Dec22 Dec23
EBIT 39.63 32.85 75.84

Competitive Comparison of Noval Property Real Estate Investment Co's EBIT

For the Real Estate - Diversified subindustry, Noval Property Real Estate Investment Co'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.

Noval Property Real Estate Investment Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Noval Property Real Estate Investment Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Noval Property Real Estate Investment Co's EV-to-EBIT falls into.


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Noval Property Real Estate Investment Co 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was € Mil.

* 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.

Noval Property Real Estate Investment Co  (ATH:NOVAL) EBIT Explanation

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

Noval Property Real Estate Investment Co'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: Dec. 2022 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=17.614 * ( 1 - 4.23% )/( (517.46 + 603.595)/ 2 )
=16.8689278/560.5275
=3.01 %

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))
=597.347 - 4.304 - ( 88.316 - max(0, 18.061 - 93.644+88.316))
=517.46

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))
=670.238 - 9.703 - ( 74.578 - max(0, 25.994 - 82.934+74.578))
=603.595

Note: The Operating Income data used here is one times the annual (Dec. 2023) data.

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

Noval Property Real Estate Investment Co'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: Dec. 2022  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=75.839/( ( (3.332 + max(-5.586, 0)) + (3.585 + max(-9.903, 0)) )/ 2 )
=75.839/( ( 3.332 + 3.585 )/ 2 )
=75.839/3.4585
=2,192.83 %

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)
=(0.614 + 0 + 1.072) - (4.304 + 0 + 2.968)
=-5.586

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.612 + 0 + 3.962) - (9.703 + 0 + 4.774)
=-9.903

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

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

Noval Property Real Estate Investment Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=/435.892
= %

* 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.

Noval Property Real Estate Investment Co EBIT Related Terms

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Noval Property Real Estate Investment Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Noval Property Real Estate Investment Co (ATH:NOVAL) » Definitions » EBIT
Comparable Companies
ATH:DIMAND ATH:PREMIA ATH:ORILINA ATH:ASTAK ATH:MIG ATH:KEKR ATH:LAMDA ASX:GMG TSE:8801 TSE:8802 HKSE:00012 PHS:SMPH SHSE:600415 XSWX:SPSN OSTO:BALD B TSE:1878 BOM:503100 BKK:CPN BOM:533274 SHSE:600515
Traded in Other Exchanges
N/A
Address
Leof. Mesogeion 2-4, Athens, GRC, 115 27
Website
Noval Property Real Estate Investment Co is a well-diversified Real Estate Investment Company that aims to offer investors capital growth potential and attractive dividend yield. It has been sourcing, evaluating and acquiring attractive investment opportunities primarily in the Greek real estate market, employing both core and value-add strategies in addition to development projects.

Noval Property Real Estate Investment Co Headlines

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