BA Airport Leasehold REIT (BKK:BAREIT) EBIT : ฿1,371 Mil (TTM As of Mar. 2024)

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What is BA Airport Leasehold REIT EBIT?

BA Airport Leasehold REIT's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ฿274 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ฿1,371 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BA Airport Leasehold REIT's annualized ROC % for the quarter that ended in Mar. 2024 was 7.61%. BA Airport Leasehold REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BA Airport Leasehold REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.07%.

BA Airport Leasehold REIT EBIT Historical Data

The historical data trend for BA Airport Leasehold 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.

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BA Airport Leasehold REIT EBIT Chart

BA Airport Leasehold REIT Annual Data

Trend

Dec22

Dec23

EBIT

1,091.71

BA Airport Leasehold REIT Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial			-4.48	273.63	268.89	553.68	274.36

Competitive Comparison of BA Airport Leasehold REIT's EBIT

For the REIT - Specialty subindustry, BA Airport Leasehold 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.

BA Airport Leasehold REIT's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, BA Airport Leasehold REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where BA Airport Leasehold REIT's EV-to-EBIT falls into.

BA Airport Leasehold 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿1,371 Mil.

BA Airport Leasehold REIT (BKK:BAREIT) EBIT Explanation

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

BA Airport Leasehold REIT's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	1088.836 * ( 1 - 0% )	/	( (14316.386	+	14317.96)	/ 2 )
=	1088.836	/	14317.173
=	7.61 %

where

	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	))
=	14529.708	-	11.467	-	( 201.855	-	max(0, 11.467	-	299.806	+	201.855	))
=	14316.386

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	14550.305	-	19.942	-	( 212.403	-	max(0, 19.942	-	317.207	+	212.403	))
=	14317.96

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

BA Airport Leasehold REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1097.452	/	( ( (0 + max(-6.182, 0))	+	(0 + max(-10.765, 0)) )	/	2 )
=	1097.452	/	( ( 0	+	0 )	/	2 )
=	1097.452	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.681	+	0	+	0.60399999999998)	-	(11.467	+	0	+	0)
=	-6.182

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.681	+	0	+	4.496)	-	(19.942	+	0	+	0)
=	-10.765

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

BA Airport Leasehold REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1370.56	/	13607.274
	=	10.07 %

BA Airport Leasehold REIT EBIT Related Terms

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BA Airport Leasehold REIT (BKK:BAREIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » BA Airport Leasehold REIT (BKK:BAREIT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Moo 14, Vibhavadi-Rangsit Road, Chomphon Sub-district, Chatuchak District, Bangkok, THA

Website

https://www.bareit.co.th

BA Airport Leasehold REIT invests in the leasehold rights over parts of land, buildings and component parts used for the operation of Samui Airport Project for a period of 25 years.

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