Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) EBIT : R$243.1 Mil (TTM As of Dec. 2023)

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What is Hedge Brasil Shopping Fundo DE Investimento Imobiliario EBIT?

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was R$243.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was R$243.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hedge Brasil Shopping Fundo DE Investimento Imobiliario's annualized ROC % for the quarter that ended in Dec. 2023 was 9.61%. Hedge Brasil Shopping Fundo DE Investimento Imobiliario'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. Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.58%.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario EBIT Historical Data

The historical data trend for Hedge Brasil Shopping Fundo DE 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.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario EBIT Chart

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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185.18

-85.64

55.02

167.54

243.09

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
EBIT	Get a 7-Day Free Trial											185.18	-85.64	55.02	167.54	243.09

Competitive Comparison of Hedge Brasil Shopping Fundo DE Investimento Imobiliario's EBIT

For the REIT - Retail subindustry, Hedge Brasil Shopping Fundo DE 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.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Hedge Brasil Shopping Fundo DE Investimento Imobiliario's EV-to-EBIT falls into.

Hedge Brasil Shopping Fundo DE 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 Dec. 2023 was R$243.1 Mil.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) EBIT Explanation

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

Hedge Brasil Shopping Fundo DE Investimento Imobiliario'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 )
=	243.089 * ( 1 - 0% )	/	( (2189.982	+	2871.658)	/ 2 )
=	243.089	/	2530.82
=	9.61 %

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	))
=	2243.411	-	10.222	-	( 47.98	-	max(0, 24.222	-	67.429	+	47.98	))
=	2189.982

	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	))
=	3269.122	-	258.33	-	( 414.14	-	max(0, 321.936	-	461.07	+	414.14	))
=	2871.658

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

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

Hedge Brasil Shopping Fundo DE Investimento Imobiliario'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 )
=	243.089	/	( ( (0 + max(-5.745, 0))	+	(0 + max(-275.574, 0)) )	/	2 )
=	243.089	/	( ( 0	+	0 )	/	2 )
=	243.089	/	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)
=	(18.476	+	10.297	+	-10.296)	-	(10.222	+	0	+	14)
=	-5.745

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(29.112	+	0	+	17.25)	-	(258.33	+	0	+	63.606)
=	-275.574

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:

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	243.089	/	1931.962
	=	12.58 %

Hedge Brasil Shopping Fundo DE Investimento Imobiliario EBIT Related Terms

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Hedge Brasil Shopping Fundo DE Investimento Imobiliario Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue Brigadeiro Faria, 3600 - 11th floor, Sao Paulo, SP, BRA, 4538132

Website

https://www.cshg.com.br

Hedge Brasil Shopping Fundo DE Investimento Imobiliario is a Brazilian real estate investment fund with objective to obtain capital appreciation by acquisition of interests in shopping centers. The objective of the Fund is the acquisition for commercial exploitation of commercial real estate projects, which are duly built or are subject to renovations, improvements or expansions, through the acquisition of portions and/or the entirety of real estate projects, directly or indirectly, through the assets provided for in the Regulation, for subsequent sale, rental or leasing, including assets and rights related to them.

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