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Jernigan Capital's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2020 was $-2.44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2020 was $-42.50 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jernigan Capital's annualized ROC % for the quarter that ended in Sep. 2020 was 0.04%. Jernigan Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -7,378.79%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield.
The historical data trend for Jernigan Capital'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.
Jernigan Capital Annual Data | |||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||
EBIT | Get a 7-Day Free Trial | -2.94 | 16.58 | 15.61 | 56.52 | 52.91 |
Jernigan Capital Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
EBIT | Get a 7-Day Free Trial |
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13.50 | 9.43 | -51.57 | 2.07 | -2.44 |
For the REIT - Industrial subindustry, Jernigan Capital'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.
For the REITs industry and Real Estate sector, Jernigan Capital's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Jernigan Capital's EV-to-EBIT falls into.
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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-42.50 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.
Jernigan Capital (NYSE:JCAPpB.PFD) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Jernigan Capital's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:
ROC % (Q: Sep. 2020 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2020 ) | + | Invested Capital (Q: Sep. 2020 )) | / count ) |
= | 0.364 * ( 1 - 0% ) | / | ( (846.26 | + | 842.144) | / 2 ) |
= | 0.364 | / | 844.202 | |||
= | 0.04 % |
where
Invested Capital | (Q: Jun. 2020 ) | |||||||||||
= | 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 | )) |
= | 872.172 | - | 21.756 | - | ( 15.459 | - | max(0, 21.756 | - | 25.912 | + | 15.459 | )) |
= | 846.26 |
Invested Capital | (Q: Sep. 2020 ) | |||||||||||
= | 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 | )) |
= | 874.284 | - | 18.697 | - | ( 22.183 | - | max(0, 18.697 | - | 32.14 | + | 22.183 | )) |
= | 842.144 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2020) data.
2. Joel Greenblatt's definition of Return on Capital:
Jernigan Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2020 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2020 | Q: Sep. 2020 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -9.74 | / | ( ( (0.137 + max(-11.519, 0)) | + | (0.127 + max(-9.59, 0)) ) | / | 2 ) |
= | -9.74 | / | ( ( 0.137 | + | 0.127 ) | / | 2 ) |
= | -9.74 | / | 0.132 | ||||
= | -7,378.79 % |
where Working Capital is:
Working Capital | (Q: Jun. 2020 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0 | + | 10.237) | - | (21.756 | + | 0 | + | 0) |
= | -11.519 |
Working Capital | (Q: Sep. 2020 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0 | + | 9.107) | - | (18.697 | + | 0 | + | 0) |
= | -9.59 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Jernigan Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Sep. 2020 ) |
= | -42.501 | / | 0.000 | |
= | % |
* 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.
Thank you for viewing the detailed overview of Jernigan Capital's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
David Corak | officer: SVP, Corporate Finance | 6410 POPLAR AVE, SUITE 650, MEMPHIS TN 38119 |
Rebecca L Owen | director | 1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006 |
Randy L Churchey | director | 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120 |
Jonathan L Perry | officer: EVP, Chief Investment Officer | 5 OLD LANCASTER ROAD, MALVERN PA 19355 |
Kelly P Luttrell | officer: SVP, CFO and Treasurer | 1395 BRICKELL AVENUE, MIAMI FL 33131 |
James D Dondero | director | 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201 |
Dean Jernigan | director, officer: Chairman and CEO | C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031 |
John A Good | director, officer: President and COO | C/O JERNIGAN CAPITAL, INC., 1395 BRICKELL AVENUE, MIAMI FL 33131 |
William C. Drummond | officer: SVP, CFO and Treasurer | 1395 BRICKELL AVENUE, MIAMI FL 33131 |
Harry J. Thie | director | 1395 BRICKELL AVENUE, MIAMI FL 33131 |
Howard A Silver | director | 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120 |
Mark O. Decker | director | 1395 BRICKELL AVENUE, MIAMI FL 33131 |
Sam J. Jenkins | director | 1395 BRICKELL AVENUE, MIAMI FL 33131 |
Gregory W. Ward | officer: CFO, Secretary and Treasurer | 1395 BRICKELL AVENUE, MIAMI FL 33131 |
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