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Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios (BSP:RECR11) EBIT : R$300.3 Mil (TTM As of Dec. 2023)


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What is Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios EBIT?

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was R$300.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was R$300.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's annualized ROC % for the quarter that ended in Dec. 2023 was 12.38%. Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 714.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.29%.


Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios EBIT Historical Data

The historical data trend for Fundo Investimento Imobiliario FII REC Recebiveis 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 Investimento Imobiliario FII REC Recebiveis Imobiliarios EBIT Chart

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 28.51 96.95 229.34 305.13 300.26

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT Get a 7-Day Free Trial 28.51 96.95 229.34 305.13 300.26

Competitive Comparison of Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's EBIT

For the REIT - Diversified subindustry, Fundo Investimento Imobiliario FII REC Recebiveis 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 Investimento Imobiliario FII REC Recebiveis Imobiliarios's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's EV-to-EBIT falls into.


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Fundo Investimento Imobiliario FII REC Recebiveis 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$300.3 Mil.

* 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.


Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios  (BSP:RECR11) EBIT Explanation

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

Fundo Investimento Imobiliario FII REC Recebiveis 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 )
=300.264 * ( 1 - 0% )/( (2493.438 + 2355.624)/ 2 )
=300.264/2424.531
=12.38 %

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))
=2645.066 - 0.398 - ( 151.23 - max(0, 27.111 - 262.404+151.23))
=2493.438

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))
=2565.554 - 1.006 - ( 229.298 - max(0, 23.155 - 232.079+229.298))
=2355.624

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 Investimento Imobiliario FII REC Recebiveis 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 )
=300.264/( ( (0 + max(84.063, 0)) + (0 + max(-20.374, 0)) )/ 2 )
=300.264/( ( 84.063 + 0 )/ 2 )
=300.264/42.0315
=714.38 %

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)
=(13.951 + 0 + 97.223) - (0.398 + 0 + 26.713)
=84.063

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.781 + 0 + 0) - (1.006 + 0 + 22.149)
=-20.374

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 Investimento Imobiliario FII REC Recebiveis Imobiliarios's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=300.264/1964.301
=15.29 %

* 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.


Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios EBIT Related Terms

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Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Business Description

Traded in Other Exchanges
N/A
Address
Rua Iguatemi, 151, 19th floor, Itaim Bibi, Sao Paulo, SP, BRA, 01451-011
Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios is an investment company. The purpose of the Fund is to invest in real estate projects, through the acquisition of assets, or rights related thereto, subject to the other requirements and investment policy provisions.

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