BWP Trust (BWP Trust) EBIT : $-1.4 Mil (TTM As of Dec. 2023)

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What is BWP Trust EBIT?

BWP Trust's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $42.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BWP Trust's annualized ROC % for the quarter that ended in Dec. 2023 was 4.57%. BWP Trust'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. BWP Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.07%.

BWP Trust EBIT Historical Data

The historical data trend for BWP Trust'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.

BWP Trust EBIT Chart

BWP Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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131.22

156.08

212.64

351.66

35.85

BWP Trust Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															254.48	101.65	80.36	-44.08	42.67

Competitive Comparison of BWP Trust's EBIT

For the REIT - Industrial subindustry, BWP Trust'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.

BWP Trust's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, BWP Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where BWP Trust's EV-to-EBIT falls into.

BWP Trust 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1.4 Mil.

BWP Trust (OTCPK:BUNNF) EBIT Explanation

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

BWP Trust'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	90.776 * ( 1 - 0% )	/	( (1971.101	+	1997.977)	/ 2 )
=	90.776	/	1984.539
=	4.57 %

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	))
=	1986.706	-	57.61	-	( 11.297	-	max(0, 57.61	-	15.605	+	11.297	))
=	1971.101

	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	))
=	2006.521	-	16.947	-	( 12.635	-	max(0, 55.731	-	47.328	+	12.635	))
=	1997.977

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

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

BWP Trust'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	85.344	/	( ( (0 + max(-53.931, 0))	+	(0 + max(-21.038, 0)) )	/	2 )
=	85.344	/	( ( 0	+	0 )	/	2 )
=	85.344	/	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)
=	(0.872	+	0	+	2.807)	-	(57.61	+	0	+	0)
=	-53.931

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.037	+	0	+	30.656)	-	(16.947	+	0	+	38.784)
=	-21.038

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

BWP Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.408	/	2079.602
	=	-0.07 %

BWP Trust EBIT Related Terms

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BWP Trust (BWP Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » BWP Trust (OTCPK:BUNNF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

BWP:Australia

Address

123 St Georges Terrace, Level 14, Brookfield Place Tower 2, Perth, WA, AUS, 6000

Website

https://www.bwptrust.com.au

BWP Trust is an Australian REIT focused on owing warehouse/bulky goods retailing properties with relatively large sites and high visibility and access to arterial roads. The portfolio of properties it owns are diversified across most Australian states and are on long-term leases to Australia's dominant home improvement chain: Bunnings Group. Bunnings is a wholly owned subsidiary of Wesfarmers. Wesfarmers is a wide-moat, top 10 ASX-listed company by market capitalisation. BWP Trust is also externally managed by a wholly owned subsidiary of Wesfarmers and Wesfarmers also owns 24% of the units in the trust.

BWP Trust (BWP Trust) Headlines

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