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Afine Investments (JSE:ANI) EBIT : R82.43 Mil (TTM As of Aug. 2024)


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What is Afine Investments EBIT?

Afine Investments's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2024 was R21.93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2024 was R82.43 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Afine Investments's annualized ROC % for the quarter that ended in Aug. 2024 was 10.03%. Afine Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Afine Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 21.68%.

Afine Investments EBIT Historical Data

The historical data trend for Afine Investments'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.

Afine Investments EBIT Chart

Afine Investments Annual Data
Trend Feb21 Feb22 Feb23 Feb24
EBIT
- 214.69 34.90 80.80

Afine Investments Semi-Annual Data
Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
EBIT Get a 7-Day Free Trial 22.99 11.91 20.30 60.50 21.93

Competitive Comparison of Afine Investments's EBIT

For the REIT - Specialty subindustry, Afine Investments'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.

Afine Investments's EV-to-EBIT Distribution in the REITs Industry

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

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


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Afine Investments 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 Aug. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R82.43 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.

Afine Investments  (JSE:ANI) EBIT Explanation

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

Afine Investments's annualized ROC % for the quarter that ended in Aug. 2024 is calculated as:

ROC % (Q: Aug. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2024 ) + Invested Capital (Q: Aug. 2024 ))/ count )
=41.268 * ( 1 - 0% )/( (415.755 + 406.981)/ 2 )
=41.268/411.368
=10.03 %

where

Invested Capital(Q: Feb. 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))
=408.194 - 0.798 - ( 10.213 - max(0, 18.687 - 10.328+10.213))
=415.755

Invested Capital(Q: Aug. 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))
=410.912 - 4.249 - ( 10.863 - max(0, 13.365 - 13.047+10.863))
=406.981

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

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

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

ROC (Joel Greenblatt) %(Q: Aug. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2024  Q: Aug. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=43.864/( ( (0 + max(-2.5, 0)) + (0 + max(-2.142, 0)) )/ 2 )
=43.864/( ( 0 + 0 )/ 2 )
=43.864/0
= %

where Working Capital is:

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.088 + 0 + 0.027000000000001) - (0.798 + 0 + 1.817)
=-2.5

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.184 + 0 + 0) - (4.249 + 0 + 0.077)
=-2.142

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Aug. 2024 )
=82.431/380.268
=21.68 %

* 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.

Afine Investments EBIT Related Terms

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Afine Investments Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Afine Investments Ltd (JSE:ANI) » Definitions » EBIT
Comparable Companies
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Traded in Other Exchanges
N/A
Address
Unit 4602, Greenways, Strand, Western Cape, ZAF, 7140
Website
https://www.afineinvestments.com
Afine Investments Ltd is a specialized commercial real estate. It holds a portfolio of income-generating immovable properties focused mainly on the petroleum sector. geographically company operates in Gauteng and North-West, Mpumalanga, and Western Cape Segment. Out of these geographical segments, the majority of revenue is generated from Gauteng and North-West.

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