Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) EBIT : ₺13,026 Mil (TTM As of Dec. 2023)

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What is Torunlar Gayrimenkul Yatirim Ortakligi AS EBIT?

Torunlar Gayrimenkul Yatirim Ortakligi AS's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₺11,211 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₺13,026 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Torunlar Gayrimenkul Yatirim Ortakligi AS's annualized ROC % for the quarter that ended in Dec. 2023 was 9.32%. Torunlar Gayrimenkul Yatirim Ortakligi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 906.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Torunlar Gayrimenkul Yatirim Ortakligi AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 28.96%.

Torunlar Gayrimenkul Yatirim Ortakligi AS EBIT Historical Data

The historical data trend for Torunlar Gayrimenkul Yatirim Ortakligi AS'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.

Torunlar Gayrimenkul Yatirim Ortakligi AS EBIT Chart

Torunlar Gayrimenkul Yatirim Ortakligi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,347.36

824.01

5,867.95

17,471.15

13,715.04

Torunlar Gayrimenkul Yatirim Ortakligi AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															470.18	16,390.21	792.66	1,022.14	11,211.37

Competitive Comparison of Torunlar Gayrimenkul Yatirim Ortakligi AS's EBIT

For the REIT - Retail subindustry, Torunlar Gayrimenkul Yatirim Ortakligi AS'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.

Torunlar Gayrimenkul Yatirim Ortakligi AS's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Torunlar Gayrimenkul Yatirim Ortakligi AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Torunlar Gayrimenkul Yatirim Ortakligi AS's EV-to-EBIT falls into.

Torunlar Gayrimenkul Yatirim Ortakligi AS 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 ₺13,026 Mil.

Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) EBIT Explanation

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

Torunlar Gayrimenkul Yatirim Ortakligi AS'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 )
=	5432.628 * ( 1 - -0% )	/	( (39813.16	+	76769.165)	/ 2 )
=	5432.628	/	58291.1625
=	9.32 %

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	))
=	42753.721	-	268.584	-	( 3192.586	-	max(0, 2442.104	-	5114.081	+	3192.586	))
=	39813.16

	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	))
=	80591.755	-	465.313	-	( 3357.277	-	max(0, 2382.309	-	7928.266	+	3357.277	))
=	76769.165

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

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

Torunlar Gayrimenkul Yatirim Ortakligi AS'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 )
=	44845.46	/	( ( (1521.908 + max(1346.659, 0))	+	(3190.086 + max(3832.711, 0)) )	/	2 )
=	44845.46	/	( ( 2868.567	+	7022.797 )	/	2 )
=	44845.46	/	4945.682
=	906.76 %

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)
=	(704.129	+	459.147	+	746.094)	-	(268.584	+	0	+	294.127)
=	1346.659

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1393.523	+	2806.54	+	354.257)	-	(465.313	+	0	+	256.296)
=	3832.711

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:

Torunlar Gayrimenkul Yatirim Ortakligi AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	13026.169	/	44987.187
	=	28.96 %

Torunlar Gayrimenkul Yatirim Ortakligi AS EBIT Related Terms

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Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rüzgarl?bahçe Neighborhood Özalp Exit No: 4, Beykoz, Istanbul, TUR, 34805

Website

http://www.torunlargyo.com.tr

Torunlar Gayrimenkul Yatirim Ortakligi AS is engaged in developing and constructing large, comprehensive, and best-in-class shopping malls in most of the cities in Turkey, and asset management. Torunlar's activities include all stages of project development and management including sourcing, land acquisition, project finance, obtaining permissions, project design, construction audits, and inspections, in addition to sales and marketing. The company generates most of its revenues from the rental income and from the sale of residential and commercial properties.

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