Equity Commonwealth (Equity Commonwealth) EBIT : $-20.84 Mil (TTM As of Dec. 2023)

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What is Equity Commonwealth EBIT?

Equity Commonwealth's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-3.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-20.84 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Equity Commonwealth's annualized ROC % for the quarter that ended in Dec. 2023 was -4.91%. Equity Commonwealth'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. Equity Commonwealth's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.60%.

Equity Commonwealth EBIT Historical Data

The historical data trend for Equity Commonwealth'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.

Equity Commonwealth EBIT Chart

Equity Commonwealth Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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503.06

452.96

-23.11

-9.23

-21.36

Equity Commonwealth Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-4.55	-10.72	-3.01	-3.08	-4.02

Competitive Comparison of Equity Commonwealth's EBIT

For the REIT - Office subindustry, Equity Commonwealth'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.

Equity Commonwealth's EV-to-EBIT Distribution in the REITs Industry

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

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

Equity Commonwealth 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 quarterly data reported by the company within the most recent 12 months, which was $-20.84 Mil.

Equity Commonwealth (NYSE:EQCpD.PFD) EBIT Explanation

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

Equity Commonwealth'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-12.336 * ( 1 - -0.15% )	/	( (252.957	+	250.759)	/ 2 )
=	-12.354504	/	251.858
=	-4.91 %

where

	Invested Capital		(Q: Sep. 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	))
=	2393.786	-	29.417	-	( 2127.788	-	max(0, 31.55	-	2142.962	+	2127.788	))
=	252.957

	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	))
=	2425.041	-	32.938	-	( 2160.535	-	max(0, 34.928	-	2176.272	+	2160.535	))
=	250.759

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Equity Commonwealth'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-12.336	/	( ( (0 + max(-16.376, 0))	+	(0 + max(-19.191, 0)) )	/	2 )
=	-12.336	/	( ( 0	+	0 )	/	2 )
=	-12.336	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.174	+	0	+	0)	-	(29.417	+	2.133	+	0)
=	-16.376

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.737	+	0	+	0)	-	(32.938	+	1.99	+	-7.105427357601E-15)
=	-19.191

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Equity Commonwealth's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-20.835	/	3446.045
	=	-0.60 %

Equity Commonwealth EBIT Related Terms

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Equity Commonwealth (Equity Commonwealth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equity Commonwealth (NYSE:EQCpD.PFD) » Definitions » EBIT

Comparable Companies

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EQC:USA

Address

Two North Riverside Plaza, Suite 2100, Chicago, IL, USA, 60606

Website

https://www.eqcre.com

Equity Commonwealth is a real estate investment trust engaged in the acquisition, ownership, and operation of primarily office buildings located throughout the United States. The vast majority of the company's real estate portfolio comprises office assets. These properties are fairly evenly dispersed between many of America's major urban markets, notably Washington, Austin, and Denver. Equity Commonwealth derives the vast majority of its income in the form of rental revenue from tenants occupying its offices. The company's largest tenants in terms of revenue generation include a variety of hiking, household goods, publishing, and financial firms.