GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Gafisa SA (OTCPK:GFASY) » Definitions » EBIT

GFASY (Gafisa) EBIT : $30.4 Mil (TTM As of Sep. 2024)


View and export this data going back to 2007. Start your Free Trial

What is Gafisa EBIT?

Gafisa's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-3.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $30.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gafisa's annualized ROC % for the quarter that ended in Sep. 2024 was -4.48%. Gafisa's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -4.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gafisa's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 11.02%.


Gafisa EBIT Historical Data

The historical data trend for Gafisa'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.

Gafisa EBIT Chart

Gafisa Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 -0.74 38.18 2.57 -2.80

Gafisa Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.69 14.39 9.87 9.88 -3.69

Competitive Comparison of Gafisa's EBIT

For the Residential Construction subindustry, Gafisa'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.


Gafisa's EV-to-EBIT Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Gafisa's EV-to-EBIT distribution charts can be found below:

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



Gafisa 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $30.4 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.


Gafisa  (OTCPK:GFASY) EBIT Explanation

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

Gafisa's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-33.292 * ( 1 - -17.49% )/( (879.804 + 865.337)/ 2 )
=-39.1147708/872.5705
=-4.48 %

where

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))
=926.495 - 27.442 - ( 19.249 - max(0, 356.619 - 586.507+19.249))
=879.804

Invested Capital(Q: Sep. 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))
=909.363 - 26.581 - ( 17.445 - max(0, 347.777 - 578.011+17.445))
=865.337

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Gafisa's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-14.776/( ( (2.746 + max(350.309, 0)) + (2.783 + max(347.083, 0)) )/ 2 )
=-14.776/( ( 353.055 + 349.866 )/ 2 )
=-14.776/351.4605
=-4.20 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(80.619 + 313.006 + 100.659) - (27.442 + 0 + 116.533)
=350.309

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(96.741 + 288.602 + 103.735) - (26.581 + 0 + 115.414)
=347.083

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=30.447/276.204
=11.02 %

* 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.


Gafisa EBIT Related Terms

Thank you for viewing the detailed overview of Gafisa's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Gafisa Business Description

Traded in Other Exchanges
Address
Avenida Presidente Juscelino Kubitschek, No. 1830, Block 2, 3rd Floor, Sao Paulo, SP, BRA, 04543-900
Gafisa SA is a Brazilian company that is engaged in the real estate development of residential units on behalf of third parties. It provides civil construction and civil engineering services, develops and implements marketing strategies related to its own and third-party real estate ventures, and invests in other companies that share similar objectives. The company operates in Sao Paulo and its metropolitan area.

Gafisa Headlines

From GuruFocus

A Major Gafisa

By Barel Karsan Barel Karsan 08-30-2013

Sam Zell Touts Investment in Brazil

By matsandalex matsandalex 11-22-2011

Weekly Guru Bargains Highlights: GFA, NYX, BRCD, EMN, TK

By gurufocus gurufocus 09-18-2011

GAFISA S.A. - MATERIAL FACT

By PRNewswire PRNewswire 03-18-2023