Correa Ribeiro Comercio e Industria (BSP:CORR3) EBIT : R$9.85 Mil (TTM As of Sep. 2023)

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What is Correa Ribeiro Comercio e Industria EBIT?

Correa Ribeiro Comercio e Industria's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was R$-0.64 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was R$9.85 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Correa Ribeiro Comercio e Industria's annualized ROC % for the quarter that ended in Sep. 2023 was -75.36%. Correa Ribeiro Comercio e Industria's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -841.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Correa Ribeiro Comercio e Industria's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -94.25%.

Correa Ribeiro Comercio e Industria EBIT Historical Data

The historical data trend for Correa Ribeiro Comercio e Industria'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.

Correa Ribeiro Comercio e Industria EBIT Chart

Correa Ribeiro Comercio e Industria Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-5.26

-1.41

6.04

-1.56

12.06

Correa Ribeiro Comercio e Industria Quarterly Data
	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-0.50	11.79	-0.74	-0.56	-0.64

Competitive Comparison of Correa Ribeiro Comercio e Industria's EBIT

For the Real Estate Services subindustry, Correa Ribeiro Comercio e Industria'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.

Correa Ribeiro Comercio e Industria's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Correa Ribeiro Comercio e Industria's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Correa Ribeiro Comercio e Industria's EV-to-EBIT falls into.

Correa Ribeiro Comercio e Industria 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was R$9.85 Mil.

Correa Ribeiro Comercio e Industria (BSP:CORR3) EBIT Explanation

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

Correa Ribeiro Comercio e Industria's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-3.068 * ( 1 - -6.6% )	/	( (4.245	+	4.435)	/ 2 )
=	-3.270488	/	4.34
=	-75.36 %

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	))
=	16.742	-	2.541	-	( 12.547	-	max(0, 2.784	-	12.74	+	12.547	))
=	4.245

	Invested Capital		(Q: Sep. 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	))
=	16.138	-	2.419	-	( 12.014	-	max(0, 2.858	-	12.142	+	12.014	))
=	4.435

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

Correa Ribeiro Comercio e Industria's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.54	/	( ( (0.308 + max(-2.591, 0))	+	(0.296 + max(-2.73, 0)) )	/	2 )
=	-2.54	/	( ( 0.308	+	0.296 )	/	2 )
=	-2.54	/	0.302
=	-841.06 %

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)
=	(0.161	+	0.031	+	0.00099999999999945)	-	(2.541	+	0	+	0.243)
=	-2.591

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.086	+	0	+	0.042)	-	(2.419	+	0	+	0.439)
=	-2.73

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

Correa Ribeiro Comercio e Industria's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	9.852	/	-10.453
	=	-94.25 %

Correa Ribeiro Comercio e Industria EBIT Related Terms

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Correa Ribeiro Comercio e Industria (BSP:CORR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Correa Ribeiro SA Comercio e Industria (BSP:CORR3) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av Centenario 2411, Sala 1105, Salvador, BA, BRA, 40155151

Website

Correa Ribeiro SA Comercio e Industria, together with its subsidiaries, engages in the administration, sale and leasing of residential properties.

Correa Ribeiro Comercio e Industria (BSP:CORR3) Headlines

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