Circle Property (LSE:CRC) EBIT : £4.07 Mil (TTM As of Sep. 2022)

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What is Circle Property EBIT?

Circle Property's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2022 was £-1.70 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was £4.07 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Circle Property's annualized ROC % for the quarter that ended in Sep. 2022 was 2.56%. Circle Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -9.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Circle Property's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -20.71%.

Circle Property EBIT Historical Data

The historical data trend for Circle Property'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.

Circle Property EBIT Chart

Circle Property Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

EBIT

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15.07

16.59

6.76

-1.31

7.01

Circle Property Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
EBIT	Get a 7-Day Free Trial								0.04	-1.34	1.23	5.77	-1.70

Competitive Comparison of Circle Property's EBIT

For the Real Estate Services subindustry, Circle Property'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.

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

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

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

Circle Property 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 Sep. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was £4.07 Mil.

Circle Property (LSE:CRC) EBIT Explanation

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

Circle Property's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	2.296 * ( 1 - 22.93% )	/	( (79.267	+	59.04)	/ 2 )
=	1.7695272	/	69.1535
=	2.56 %

where

	Invested Capital		(Q: Mar. 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	))
=	105.638	-	1.068	-	( 25.303	-	max(0, 23.961	-	71.356	+	25.303	))
=	79.267

	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	))
=	80.428	-	0.496	-	( 20.892	-	max(0, 1.445	-	51.48	+	20.892	))
=	59.04

Note: The Operating Income data used here is two times the semi-annual (Sep. 2022) data.

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

Circle Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.402	/	( ( (0.125 + max(43.171, 0))	+	(0.116 + max(28.672, 0)) )	/	2 )
=	-3.402	/	( ( 43.296	+	28.788 )	/	2 )
=	-3.402	/	36.042
=	-9.44 %

where Working Capital is:

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.427	+	39.994	+	4.381)	-	(1.068	+	0	+	1.563)
=	43.171

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.258	+	20.329	+	8.504)	-	(0.496	+	0	+	0.923)
=	28.672

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	4.073	/	-19.664
	=	-20.71 %

Circle Property EBIT Related Terms

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Circle Property (LSE:CRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Circle Property PLC (LSE:CRC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Oak Group (Jersey) Ltd, Castle Street, 3rd Floor, IFC5, St Helier, JEY, JE2 3BY

Website

https://www.circleproperty.co.uk

Circle Property PLC is a property investment company. The company acquires provincial office properties where it can add value by undertaking lease renewals, rent reviews, lettings, and refurbishments. It generates revenue from Rental income. Some of the company's portfolio include Kents Hill Park, Somerset House, One Castlepark, 36 Great Charles Street, Aztec West Business Park, Northampton Business Park, and others. Geographically, it operates only in the United Kingdom.