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Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario (BSP:ALZR11) EBIT : R$127.8 Mil (TTM As of Jun. 2023)


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What is Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario EBIT?

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was R$127.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was R$127.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's annualized ROC % for the quarter that ended in Jun. 2023 was 12.28%. Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 19.76%.

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario EBIT Historical Data

The historical data trend for Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario'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.

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario EBIT Chart

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22
EBIT
3.02 7.74 28.60 50.42 57.67

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario Semi-Annual Data
Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT Get a 7-Day Free Trial 7.74 28.60 50.42 57.67 127.83

Competitive Comparison of Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's EBIT

For the Real Estate Services subindustry, Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario'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.

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's EV-to-EBIT falls into.


Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario 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 Jun. 2023 was R$127.8 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.

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario  (BSP:ALZR11) EBIT Explanation

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

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2022 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=94.248 * ( 1 - 2.54% )/( (802.209 + 694.012)/ 2 )
=91.8541008/748.1105
=12.28 %

where

Invested Capital(Q: Jun. 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))
=906.468 - 4.651 - ( 102.849 - max(0, 15.782 - 115.39+102.849))
=802.209

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))
=1238.498 - 7.24 - ( 577.171 - max(0, 53.875 - 591.121+577.171))
=694.012

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

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

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2022  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=127.834/( ( (0 + max(-10.654, 0)) + (0 + max(-35.931, 0)) )/ 2 )
=127.834/( ( 0 + 0 )/ 2 )
=127.834/0
= %

where Working Capital is:

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.529 + 0 + 0.503) - (4.651 + 0 + 11.035)
=-10.654

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.306 + 0 + 1.0039999999999) - (7.24 + 0 + 34.001)
=-35.931

When net working capital is negative, 0 is used.

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

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

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=127.834/647.031
=19.76 %

* 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.

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario EBIT Related Terms

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Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario (BSP:ALZR11) » Definitions » EBIT
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Traded in Other Exchanges
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Address
Rua Tabapua No. 1.227-Conj. 202, Itaim Bibi, Sau Paulo, SP, BRA, 04534-003
Website
https://www.alzr11.alianza.com.br
Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliariois a real estate investment company in Brazil. The company focuses on structured projects, such as Built-To-Suit and Sale and Leaseback. It offers property development for leases in the logistics, residential and office segments. The company is also engaged in an asset management business of premium real estate investments, such as FIIs, private equity real estate vehicles, CMBS and RMBS.

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