Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios (BSP:DVFF11) EBIT : R$ Mil (TTM As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios EBIT?

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was R$9.75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's annualized ROC % for the quarter that ended in Dec. 2023 was 69.69%. Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

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

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios EBIT Historical Data

The historical data trend for Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios'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.

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios EBIT Chart

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

4.25

10.29

9.75

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios Semi-Annual Data
	Dec21	Dec22	Dec23
EBIT	4.25	10.29	9.75

Competitive Comparison of Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's EBIT

For the REIT - Diversified subindustry, Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios'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.

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's EV-to-EBIT falls into.

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios 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 R$ Mil.

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios (BSP:DVFF11) EBIT Explanation

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

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios'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 )
=	9.752 * ( 1 - 1.52% )	/	( (16.607	+	10.954)	/ 2 )
=	9.6037696	/	13.7805
=	69.69 %

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	))
=	101.946	-	1.613	-	( 85.377	-	max(0, 1.651	-	85.377	+	85.377	))
=	16.607

	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	))
=	104.103	-	0.957	-	( 93.149	-	max(0, 0.957	-	93.149	+	93.149	))
=	10.954

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

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

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios'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 )
=	9.752	/	( ( (0 + max(-1.651, 0))	+	(0 + max(-0.957, 0)) )	/	2 )
=	9.752	/	( ( 0	+	0 )	/	2 )
=	9.752	/	0
=	%

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	+	0	+	0)	-	(1.613	+	0	+	0.038)
=	-1.651

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.957	+	0	+	0)
=	-0.957

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:

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=		/	-26.431
	=	%

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios EBIT Related Terms

Thank you for viewing the detailed overview of Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios (BSP:DVFF11) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Fidencio Ramos, 195 - Cj 44, Vila Olimpia, Sao Paulo, SP, BRA, CEP 04551-010

Website

https://www.devantasset.com.br

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios is an independent manager specialized in the management of private credit assets, mainly structured credit and real estate.

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios Headlines

No Headlines