Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) EBIT : R$ Mil (TTM As of Dec. 2022)

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What is Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario EBIT?

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was R$0.00 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's annualized ROC % for the quarter that ended in Dec. 2022 was 0.00%. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 0.00%.

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

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario EBIT Historical Data

The historical data trend for Tishman Speyer Rendaorativa 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.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario EBIT Chart

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

31.32

32.32

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Quarterly Data
	Dec21	Dec22	Dec23
EBIT	-	-	-

Competitive Comparison of Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's EBIT

For the REIT - Diversified subindustry, Tishman Speyer Rendaorativa 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.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's EV-to-EBIT falls into.

Tishman Speyer Rendaorativa 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.

EBIT for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was R$ Mil.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) EBIT Explanation

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

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	0 * ( 1 - % )	/	( (345.181	+	366.193)	/ 2 )
=	0	/	355.687
=	0.00 %

where

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	234.817	-	1.164	-	( 3.123	-	max(0, 116.345	-	4.817	+	3.123	))
=	345.181

	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	))
=	246.651	-	1.365	-	( 3.722	-	max(0, 126.558	-	5.651	+	3.722	))
=	366.193

Note: The Operating Income data used here is four times the quarterly (Dec. 2022) data.

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

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0	/	( ( (0 + max(0.53, 0))	+	(0 + max(0.56399999999999, 0)) )	/	2 )
=	0	/	( ( 0.53	+	0.56399999999999 )	/	2 )
=	0	/	0.54699999999999
=	0.00 %

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.694	+	0	+	0)	-	(1.164	+	0	+	0)
=	0.53

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.929	+	0	+	0)	-	(1.365	+	0	+	1.4210854715202E-14)
=	0.56399999999999

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

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

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=		/	249.357
	=	%

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario EBIT Related Terms

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Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tishman Speyer Renda Corporativa Fundo DE Investimento Imobiliario (BSP:TSER11) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Tishman Speyer Renda Corporativa Fundo DE Investimento Imobiliario acquires, repositions, develops, and operates office, retail, and residential projects. The company focuses on prime assets located in the central business districts of major metropolitan areas in the United States, Europe, Brazil, China, and India.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) Headlines

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