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Exemplar REITail (JSE:EXP) EBIT : R1,076 Mil (TTM As of Feb. 2024)


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What is Exemplar REITail EBIT?

Exemplar REITail's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2024 was R524 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was R1,076 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Exemplar REITail's annualized ROC % for the quarter that ended in Feb. 2024 was 8.31%. Exemplar REITail's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 422.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Exemplar REITail's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 28.15%.


Exemplar REITail EBIT Historical Data

The historical data trend for Exemplar REITail'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.

Exemplar REITail EBIT Chart

Exemplar REITail Annual Data
Trend Feb15 Feb16 Feb17 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
EBIT
Get a 7-Day Free Trial Premium Member Only 557.83 406.31 1,166.60 1,277.88 1,075.59

Exemplar REITail Semi-Annual Data
Feb15 Feb16 Feb17 Aug17 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 878.27 460.62 817.25 551.83 523.76

Competitive Comparison of Exemplar REITail's EBIT

For the REIT - Retail subindustry, Exemplar REITail'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.


Exemplar REITail's EV-to-EBIT Distribution in the REITs Industry

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

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



Exemplar REITail 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R1,076 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.


Exemplar REITail  (JSE:EXP) EBIT Explanation

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

Exemplar REITail's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

ROC % (Q: Feb. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2023 ) + Invested Capital (Q: Feb. 2024 ))/ count )
=771.798 * ( 1 - 1.84% )/( (8965.064 + 9277.356)/ 2 )
=757.5969168/9121.21
=8.31 %

where

Invested Capital(Q: Aug. 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))
=8741.957 - 234.368 - ( 52.988 - max(0, 672.127 - 214.652+52.988))
=8965.064

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))
=8960.073 - 53.578 - ( 36.961 - max(0, 521.132 - 150.271+36.961))
=9277.356

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

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

Exemplar REITail's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2023  Q: Feb. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1047.516/( ( (219.425 + max(-559.294, 0)) + (276.67 + max(-159.698, 0)) )/ 2 )
=1047.516/( ( 219.425 + 276.67 )/ 2 )
=1047.516/248.0475
=422.30 %

where Working Capital is:

Working Capital(Q: Aug. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(82.242 + 0 + 27.832) - (234.368 + 0 + 435)
=-559.294

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(37.66 + 0 + 34.617) - (53.578 + 0 + 178.397)
=-159.698

When net working capital is negative, 0 is used.

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

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

Exemplar REITail's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2024 )
=1075.586/3820.642
=28.15 %

* 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.


Exemplar REITail EBIT Related Terms

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Exemplar REITail (JSE:EXP) Business Description

Traded in Other Exchanges
N/A
Address
Corner Lyttelton Road and Leyden Avenue, Clubview, Centurion, Sokatami Estate, Pretoria, ZAF, 0157
Exemplar REITail Ltd is a real estate investment trust which develops, owns, and manages township and rural retail real estate. The company is the only fund in the country focused purely on retail in under-serviced areas that offers stakeholders a unique investment opportunity.