Kinea Securities Fundo DE Investimento Imobiliario - FII (BSP:KNSC11) EBIT : R$142.7 Mil (TTM As of Jun. 2024)

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What is Kinea Securities Fundo DE Investimento Imobiliario - FII EBIT?

Kinea Securities Fundo DE Investimento Imobiliario - FII's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was R$142.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was R$142.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kinea Securities Fundo DE Investimento Imobiliario - FII's annualized ROC % for the quarter that ended in Jun. 2024 was 145.18%. Kinea Securities Fundo DE Investimento Imobiliario - FII's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kinea Securities Fundo DE Investimento Imobiliario - FII's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -74.30%.

Kinea Securities Fundo DE Investimento Imobiliario - FII EBIT Historical Data

The historical data trend for Kinea Securities Fundo DE Investimento Imobiliario - FII'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.

Kinea Securities Fundo DE Investimento Imobiliario - FII EBIT Chart

Kinea Securities Fundo DE Investimento Imobiliario - FII Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

EBIT

128.61

148.78

142.65

Kinea Securities Fundo DE Investimento Imobiliario - FII Semi-Annual Data
	Jun21	Jun22	Jun23	Jun24
EBIT	-	128.61	148.78	142.65

Competitive Comparison of Kinea Securities Fundo DE Investimento Imobiliario - FII's EBIT

For the REIT - Residential subindustry, Kinea Securities Fundo DE Investimento Imobiliario - FII'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.

Kinea Securities Fundo DE Investimento Imobiliario - FII's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Kinea Securities Fundo DE Investimento Imobiliario - FII's EV-to-EBIT falls into.

Kinea Securities Fundo DE Investimento Imobiliario - FII 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 Jun. 2024 was R$142.7 Mil.

Kinea Securities Fundo DE Investimento Imobiliario - FII (BSP:KNSC11) EBIT Explanation

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

Kinea Securities Fundo DE Investimento Imobiliario - FII's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	142.651 * ( 1 - 0% )	/	( (122.999	+	73.513)	/ 2 )
=	142.651	/	98.256
=	145.18 %

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	))
=	1348.969	-	11.935	-	( 1348.935	-	max(0, 134.934	-	1348.969	+	1348.935	))
=	122.999

	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	))
=	1264.016	-	13.17	-	( 1259.082	-	max(0, 86.683	-	1264.016	+	1259.082	))
=	73.513

Note: The Operating Income data used here is one times the annual (Jun. 2024) data.

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

Kinea Securities Fundo DE Investimento Imobiliario - FII's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	142.651	/	( ( (0 + max(-134.9, 0))	+	(0 + max(-81.749, 0)) )	/	2 )
=	142.651	/	( ( 0	+	0 )	/	2 )
=	142.651	/	0
=	%

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	+	0	+	0.034000000000106)	-	(11.935	+	0	+	122.999)
=	-134.9

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	4.934)	-	(13.17	+	0	+	73.513)
=	-81.749

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Jun. 2024) EBIT data.

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

Kinea Securities Fundo DE Investimento Imobiliario - FII's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	142.651	/	-191.984
	=	-74.30 %

Kinea Securities Fundo DE Investimento Imobiliario - FII EBIT Related Terms

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Kinea Securities Fundo DE Investimento Imobiliario - FII Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Kinea Securities Fundo DE Investimento Imobiliario - FII (BSP:KNSC11) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

AV BRIGADEIRO FARIA LIMA, 3400, 10º Andar ITAIM BIBI, Sao Paulo, SP, BRA, 04538132

Website

https://www.kinea.com.br

Kinea Securities Fundo DE Investimento Imobiliario - FII is engaged in the management of long-term investments independently.

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