CapitaLand (LSE:C31) EBIT : S$1,726 Mil (TTM As of Jun. 2021)

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What is CapitaLand EBIT?

CapitaLand's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2021 was S$2,166 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2021 was S$1,726 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CapitaLand's annualized ROC % for the quarter that ended in Jun. 2021 was 3.92%. CapitaLand's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 180.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CapitaLand's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 14.59%.

CapitaLand EBIT Historical Data

The historical data trend for CapitaLand'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.

CapitaLand EBIT Chart

CapitaLand Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

EBIT

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2,359.18

3,302.14

4,125.27

5,058.85

157.13

CapitaLand Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
EBIT	Get a 7-Day Free Trial															2,060.97	2,997.88	596.83	-439.70	2,165.74

Competitive Comparison of CapitaLand's EBIT

For the Real Estate - Development subindustry, CapitaLand'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.

CapitaLand's EV-to-EBIT Distribution in the Real Estate Industry

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

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

CapitaLand 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 Jun. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$1,726 Mil.

CapitaLand (LSE:C31) EBIT Explanation

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

CapitaLand's annualized ROC % for the quarter that ended in Jun. 2021 is calculated as:

	ROC % (Q: Jun. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2020 )	+	Invested Capital (Q: Jun. 2021 ))	/ count )
=	3540.266 * ( 1 - 20.96% )	/	( (73252.054	+	69658.191)	/ 2 )
=	2798.2262464	/	71455.1225
=	3.92 %

where

	Invested Capital		(Q: Dec. 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	))
=	84369.878	-	5464.976	-	( 9088.836	-	max(0, 13738.885	-	19391.733	+	9088.836	))
=	73252.054

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	82678.249	-	7590.102	-	( 7844.684	-	max(0, 11432.148	-	16862.104	+	7844.684	))
=	69658.191

Note: The Operating Income data used here is two times the semi-annual (Jun. 2021) data.

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

CapitaLand's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2020		Q: Jun. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	4331.48	/	( ( (1435.084 + max(1501.301, 0))	+	(1430.487 + max(434.116, 0)) )	/	2 )
=	4331.48	/	( ( 2936.385	+	1864.603 )	/	2 )
=	4331.48	/	2400.494
=	180.44 %

where Working Capital is:

	Working Capital		(Q: Dec. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(373.259	+	6778.21	+	3151.428)	-	(5464.976	+	0	+	3336.62)
=	1501.301

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(425.936	+	6627.143	+	1964.341)	-	(7590.102	+	0	+	993.202)
=	434.116

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2021 )
	=	1726.042	/	11830.288
	=	14.59 %

CapitaLand EBIT Related Terms

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CapitaLand (LSE:C31) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CapitaLand Ltd (LSE:C31) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912

Website

http://www.capitaland.com

CapitaLand is a Singapore-headquartered real estate conglomerate, with operations in 30 countries. Its operation covers all phases of the real estate value chain, including design, development, and active asset management. Its property portfolio consists of retail, office, and business parks, and logistics. The lodging business include service residence and multifamily homes. The properties are held either at the CapitaLand level, or in listed REITs. The company holds large minority stakes in its listed entities and retains management rights over the trusts. The company's fund management business also include private funds. The listed REITs provide steady, recurring income in dividends and fee income.

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