Patria Renda Urbana - Fundo De Investimento Imobiliario Resp (BSP:HGRU11) EBIT : R$181.7 Mil (TTM As of Dec. 2023)

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What is Patria Renda Urbana - Fundo De Investimento Imobiliario Resp EBIT?

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was R$181.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was R$181.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's annualized ROC % for the quarter that ended in Dec. 2023 was 8.20%. Patria Renda Urbana - Fundo De Investimento Imobiliario Resp'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. Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.36%.

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp EBIT Historical Data

The historical data trend for Patria Renda Urbana - Fundo De Investimento Imobiliario Resp'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.

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp EBIT Chart

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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17.54

93.52

161.47

181.92

181.75

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
EBIT	Get a 7-Day Free Trial			17.54	93.52	161.47	181.92	181.75

Competitive Comparison of Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's EBIT

For the REIT - Diversified subindustry, Patria Renda Urbana - Fundo De Investimento Imobiliario Resp'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.

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's EV-to-EBIT falls into.

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Patria Renda Urbana - Fundo De Investimento Imobiliario Resp 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$181.7 Mil.

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp (BSP:HGRU11) EBIT Explanation

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

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp'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 )
=	181.745 * ( 1 - 0% )	/	( (2434.817	+	1999.224)	/ 2 )
=	181.745	/	2217.0205
=	8.20 %

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	))
=	2505.554	-	69.793	-	( 67.527	-	max(0, 90.778	-	91.722	+	67.527	))
=	2434.817

	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	))
=	2580.897	-	103.246	-	( 582.898	-	max(0, 124.005	-	602.432	+	582.898	))
=	1999.224

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

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

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp'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 )
=	181.745	/	( ( (0 + max(-90.778, 0))	+	(0 + max(-124.005, 0)) )	/	2 )
=	181.745	/	( ( 0	+	0 )	/	2 )
=	181.745	/	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	+	-1.4210854715202E-14)	-	(69.793	+	0	+	20.985)
=	-90.778

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(103.246	+	0	+	20.759)
=	-124.005

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:

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	181.745	/	1599.618
	=	11.36 %

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp EBIT Related Terms

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Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Ltd (BSP:HGRU11) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Leopoldo Couto de Magalhaes Jr. Street, 700, 11th Floor- Itaim Bibi, Sao Paulo, SP, BRA, 04542-000

Website

https://www.credit-suisse.com

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Ltd formerly Credit Suisse Hedging-Griffo CV SA was established on April 27, 2018 in the form of a closed condominium. The purpose of the Fund is the exploitation of urban real estate projects for institutional and commercial use, which potentially generate income through disposal, leasing or leasing, if they meet the classification criteria and the Fund's investment policy, provided that the Fund will prioritize the acquisition of institutional or commercial real estate projects that are not corporate buildings, shopping malls or those in the logistics area".

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