Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) EBIT : R$18.34 Mil (TTM As of Jun. 2024)

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What is Fundo DE Investimento Imobiliario Votorantim Shopping EBIT?

Fundo DE Investimento Imobiliario Votorantim Shopping's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was R$18.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was R$18.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fundo DE Investimento Imobiliario Votorantim Shopping's annualized ROC % for the quarter that ended in Jun. 2024 was 8.61%. Fundo DE Investimento Imobiliario Votorantim Shopping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 650.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fundo DE Investimento Imobiliario Votorantim Shopping's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 13.77%.

Fundo DE Investimento Imobiliario Votorantim Shopping EBIT Historical Data

The historical data trend for Fundo DE Investimento Imobiliario Votorantim Shopping'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 DE Investimento Imobiliario Votorantim Shopping EBIT Chart

Fundo DE Investimento Imobiliario Votorantim Shopping Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

8.50

8.79

17.65

16.05

Fundo DE Investimento Imobiliario Votorantim Shopping Semi-Annual Data
	Jun19	Jun20	Jun21	Jun22	Jun23	Jun24
EBIT	Get a 7-Day Free Trial			8.50	8.79	17.65	16.05	18.34

Competitive Comparison of Fundo DE Investimento Imobiliario Votorantim Shopping's EBIT

For the REIT - Retail subindustry, Fundo DE Investimento Imobiliario Votorantim Shopping'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 DE Investimento Imobiliario Votorantim Shopping's EV-to-EBIT Distribution in the REITs Industry

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

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

Fundo DE Investimento Imobiliario Votorantim Shopping 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$18.34 Mil.

Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) EBIT Explanation

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

Fundo DE Investimento Imobiliario Votorantim Shopping'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 )
=	18.341 * ( 1 - 0% )	/	( (210.23	+	215.75)	/ 2 )
=	18.341	/	212.99
=	8.61 %

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	))
=	214.73	-	1.802	-	( 2.698	-	max(0, 3.354	-	7.77	+	2.698	))
=	210.23

	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	))
=	219.325	-	1.588	-	( 1.987	-	max(0, 1.74	-	7.713	+	1.987	))
=	215.75

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

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

Fundo DE Investimento Imobiliario Votorantim Shopping'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 )
=	18.341	/	( ( (0 + max(1.685, 0))	+	(0 + max(3.951, 0)) )	/	2 )
=	18.341	/	( ( 1.685	+	3.951 )	/	2 )
=	18.341	/	2.818
=	650.85 %

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)
=	(5.039	+	0	+	0)	-	(1.802	+	0	+	1.552)
=	1.685

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.691	+	0	+	0)	-	(1.588	+	0	+	0.152)
=	3.951

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	18.341	/	133.239
	=	13.77 %

Fundo DE Investimento Imobiliario Votorantim Shopping EBIT Related Terms

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Fundo DE Investimento Imobiliario Votorantim Shopping Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida das Nacoes Unidas, n 14.171, Torre A, 11 Andar, Vila Gertrudes, Sao Paulo, SP, BRA, 04794-000

Website

https://www.votorantimshopping.bv.com.br

Fundo DE Investimento Imobiliario Votorantim Shopping is a real estate fund. Its investments are mainly based on investments in real estate developments in shopping malls.

Fundo DE Investimento Imobiliario Votorantim Shopping Headlines

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