AREIT Prop (JSE:APO) EBIT: R39.59 Mil (TTM As of Dec. 2022)


JSE:APO AREIT Prop Ltd JSE:APO
20 GF Score
Price R2.99
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What is AREIT Prop EBIT?

AREIT Prop JSE:APO 20 EBIT is R39.59 Mil as of Dec. 2022. GuruFocus rates JSE:APO with a GF Score™ of 20/100.

AREIT Prop's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was R-16.92 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was R39.59 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AREIT Prop's annualized ROC % for the quarter that ended in Dec. 2022 was 3.02%. AREIT Prop's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -1,403.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AREIT Prop's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 13.24%.

AREIT Prop  (JSE:APO) EBIT Explanation

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

AREIT Prop's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

ROC % (Q: Dec. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2022 ) + Invested Capital (Q: Dec. 2022 ))/ count )
=28.328 * ( 1 - 0% )/( (950.175 + 923.521)/ 2 )
=28.328/936.848
=3.02 %

where

Invested Capital(Q: Sep. 2022 )
=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))
=950.717 - 0.54 - ( 0.002 - max(0, 0.54 - 10.187+0.002))
=950.175

Invested Capital(Q: Dec. 2022 )
=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))
=923.955 - 0.433 - ( 0.001 - max(0, 0.433 - 10.037+0.001))
=923.521

Note: The Operating Income data used here is four times the quarterly (Dec. 2022) data.

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

AREIT Prop's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2022  Q: Dec. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-67.68/( ( (0 + max(9.645, 0)) + (0 + max(-0.375, 0)) )/ 2 )
=-67.68/( ( 9.645 + 0 )/ 2 )
=-67.68/4.8225
=-1,403.42 %

where Working Capital is:

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.185 + 0 + -1.7763568394003E-15) - (0.54 + 0 + 0)
=9.645

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.058000000000002) - (0.433 + 0 + 0)
=-0.375

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2022 )
=39.594/298.999
=13.24 %

* 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.

AREIT Prop EBIT Related Terms

AREIT Prop EBIT Historical Data

* Premium members only.

The historical data trend for AREIT Prop'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.

AREIT Prop EBIT Chart

AREIT Prop Annual Data
Trend Dec21 Dec22
EBIT
0.00 39.60

AREIT Prop Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22
EBIT 0.00 17.05 14.86 24.60 -16.92

JSE:APO vs VICI, WPC, STOR: EBIT Comparison

For the REIT - Diversified subindustry, AREIT Prop'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.

AREIT Prop EV-to-EBIT vs REITs Industry

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

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


JSE:APO
20GF Score
AREIT Prop Ltd JSE:APO
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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AREIT Prop 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was R39.59 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of R39.59 Mil mean?
AREIT Prop (JSE:APO) has a EBIT of R39.59 Mil as of Dec. 2022. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on AREIT Prop.
Is AREIT Prop's EBIT too high?
AREIT Prop's current EBIT is R39.59 Mil. Overall, AREIT Prop has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does AREIT Prop's EBIT compare to VICI and WPC?
AREIT Prop's EBIT of R39.59 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on AREIT Prop. AREIT Prop's current EBIT is R39.59 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AREIT Prop stock overvalued right now?
AREIT Prop (JSE:APO) has a current EBIT of R39.59 Mil. The current EBIT is R39.59 Mil. AREIT Prop's overall GF Score™ is 20/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For AREIT Prop (JSE:APO), the current EBIT is R39.59 Mil as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

AREIT Prop Business Description

Industry Real EstateREITs
Address South street, 5 Provident, Parow, Cape Town, ZAF
AREIT Prop Ltd is Investing in leasehold rights to earn fixed rentals. Its reportable operating segments are Cresta Grande Hotel, Fountains Hotel, Lady Hamilton property, and Head office.
20GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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