SF Real Estate Investment Trust (HKSE:02191) EBIT : HK$214.9 Mil (TTM As of Jun. 2024)

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What is SF Real Estate Investment Trust EBIT?

SF Real Estate Investment Trust's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$66.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$214.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SF Real Estate Investment Trust's annualized ROC % for the quarter that ended in Jun. 2024 was 5.17%. SF Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 1,005.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SF Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 4.43%.

SF Real Estate Investment Trust EBIT Historical Data

The historical data trend for SF Real Estate Investment 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.

SF Real Estate Investment Trust EBIT Chart

SF Real Estate Investment Trust Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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286.08

160.75

243.17

616.49

386.43

SF Real Estate Investment Trust Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial				355.37	261.12	238.23	148.20	66.67

Competitive Comparison of SF Real Estate Investment Trust's EBIT

For the REIT - Industrial subindustry, SF Real Estate Investment 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.

SF Real Estate Investment Trust's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where SF Real Estate Investment Trust's EV-to-EBIT falls into.

SF Real Estate Investment 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$214.9 Mil.

SF Real Estate Investment Trust (HKSE:02191) EBIT Explanation

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

SF Real Estate Investment Trust'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: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	330.642 * ( 1 - -16.37% )	/	( (7521.368	+	7363.929)	/ 2 )
=	384.7680954	/	7442.6485
=	5.17 %

where

	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	))
=	7692.288	-	122.472	-	( 190.247	-	max(0, 208.22	-	256.668	+	190.247	))
=	7521.368

	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	))
=	7532.299	-	131.061	-	( 164.99	-	max(0, 194.809	-	232.118	+	164.99	))
=	7363.929

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

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

SF Real Estate Investment Trust'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: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	133.346	/	( ( (13.761 + max(-95.311, 0))	+	(12.775 + max(-106.409, 0)) )	/	2 )
=	133.346	/	( ( 13.761	+	12.775 )	/	2 )
=	133.346	/	13.268
=	1,005.02 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9.98	+	0	+	55.465)	-	(122.472	+	0	+	38.284)
=	-95.311

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.127	+	0	+	39.859)	-	(131.061	+	0	+	17.334)
=	-106.409

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

SF Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	214.874	/	4855.127
	=	4.43 %

SF Real Estate Investment Trust EBIT Related Terms

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SF Real Estate Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SF Real Estate Investment Trust (HKSE:02191) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

8ET:Germany

Address

111 Leighton Road, Room 2002, 20th Floor, Lee Garden Six, Causeway Bay, Hong Kong, HKG

Website

https://www.sf-reit.com

SF Real Estate Investment Trust is a real estate investment trust. The company's initial portfolio comprises three properties located in Hong Kong, Foshan, and Wuhu, all of which are modern logistics properties and comprise distribution centers equipped with automatic sorting and supply chain support facilities, is strategically located within the key logistics hubs and near major airports, seaports, railways, express highways and transportation hubs in Hong Kong and the PRC. It derives revenue from rental income and management service income.

Executives

Wang Wei	2201 Interest of corporation controlled by you
Shen Zhen Ming De Kong Gu Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Shun Feng Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
China Orient Asset Management (international) Holding Limited	2201 Interest of corporation controlled by you
Ci Investments Inc.	2102 Investment manager
Sf Fengtai Industrial Park Holdings Limited	2101 Beneficial owner
Sf Holding Limited	2201 Interest of corporation controlled by you
Sunny Sail Holding Limited	2201 Interest of corporation controlled by you
Shen Zhen Shun Feng Tai Sen Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

SF Real Estate Investment Trust Headlines

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