Cyrela Brazil Realty Empreend e Part (BSP:CYRE3) EBIT : R$2,254 Mil (TTM As of Sep. 2024)

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What is Cyrela Brazil Realty Empreend e Part EBIT?

Cyrela Brazil Realty Empreend e Part's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was R$711 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was R$2,254 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cyrela Brazil Realty Empreend e Part's annualized ROC % for the quarter that ended in Sep. 2024 was 8.46%. Cyrela Brazil Realty Empreend e Part's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 51.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cyrela Brazil Realty Empreend e Part's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 24.52%.

Cyrela Brazil Realty Empreend e Part EBIT Historical Data

The historical data trend for Cyrela Brazil Realty Empreend e Part'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.

Cyrela Brazil Realty Empreend e Part EBIT Chart

Cyrela Brazil Realty Empreend e Part Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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744.52

2,369.49

1,254.45

1,393.58

1,717.49

Cyrela Brazil Realty Empreend e Part Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															453.75	447.36	479.29	616.07	711.24

Competitive Comparison of Cyrela Brazil Realty Empreend e Part's EBIT

For the Residential Construction subindustry, Cyrela Brazil Realty Empreend e Part'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.

Cyrela Brazil Realty Empreend e Part's EV-to-EBIT Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Cyrela Brazil Realty Empreend e Part's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cyrela Brazil Realty Empreend e Part's EV-to-EBIT falls into.

Cyrela Brazil Realty Empreend e Part 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$2,254 Mil.

Cyrela Brazil Realty Empreend e Part (BSP:CYRE3) EBIT Explanation

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

Cyrela Brazil Realty Empreend e Part's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	1363.904 * ( 1 - 8.72% )	/	( (14286.524	+	15148.698)	/ 2 )
=	1244.9715712	/	14717.611
=	8.46 %

where

	Invested Capital		(Q: Jun. 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	))
=	18260.036	-	1174.615	-	( 2798.897	-	max(0, 3043.275	-	9966.644	+	2798.897	))
=	14286.524

	Invested Capital		(Q: Sep. 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	))
=	19574.005	-	1383.457	-	( 3041.85	-	max(0, 3213.708	-	11094.503	+	3041.85	))
=	15148.698

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

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

Cyrela Brazil Realty Empreend e Part's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2844.94	/	( ( (116.027 + max(5019.38, 0))	+	(128.888 + max(5710.304, 0)) )	/	2 )
=	2844.94	/	( ( 5135.407	+	5839.192 )	/	2 )
=	2844.94	/	5487.2995
=	51.85 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3150.67	+	3467.659	+	549.418)	-	(1174.615	+	0	+	973.752)
=	5019.38

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3351.383	+	4148.898	+	552.372)	-	(1383.457	+	0	+	958.892)
=	5710.304

When net working capital is negative, 0 is used.

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

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

Cyrela Brazil Realty Empreend e Part's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	2253.948	/	9191.792
	=	24.52 %

Cyrela Brazil Realty Empreend e Part EBIT Related Terms

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Cyrela Brazil Realty Empreend e Part Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Cyrela Brazil Realty SA Empreend e Part (BSP:CYRE3) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CYRBY:USA

Address

Rua do Rocio, 109, 2nd Floor, Room 01, Sao Paulo, SP, BRA, 04552-000

Website

https://www.cyrela.com.br

Cyrela Brazil Realty SA Empreend e Part is a Brazilian construction company engaged in the development and construction of residential properties, individually or together with other entities. The company has four operating segments; the Cyrela segment includes real estate projects classified by the Launch Committee as high-end and luxury, both of the Parent and joint ventures, the Living segment includes real estate projects classified by the Launch Committee as Living, both of the Parent and joint ventures, MCMV segment includes real estate projects defined by the Launch Committee as Minha Casa, Minha Vida, both of the Parent and joint ventures and Other segment include land subdivision and service rendering activities.

Cyrela Brazil Realty Empreend e Part Headlines

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