AX Real Estate (MAL:AXR) EBIT : €-0.70 Mil (TTM As of Oct. 2023)

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What is AX Real Estate EBIT?

AX Real Estate's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2023 was €-4.01 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was €-0.70 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AX Real Estate's annualized ROC % for the quarter that ended in Oct. 2023 was -1.60%. AX Real Estate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -4.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AX Real Estate's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -0.44%.

AX Real Estate EBIT Historical Data

The historical data trend for AX Real Estate'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.

AX Real Estate EBIT Chart

AX Real Estate Annual Data

Trend

Oct21

Oct22

Oct23

EBIT

5.48

2.89

-0.70

AX Real Estate Semi-Annual Data
	Oct21	Apr22	Oct22	Apr23	Oct23
EBIT	-	3.37	-0.48	3.31	-4.01

Competitive Comparison of AX Real Estate's EBIT

For the Real Estate - Diversified subindustry, AX Real Estate'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.

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

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

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

AX Real Estate 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.70 Mil.

AX Real Estate (MAL:AXR) EBIT Explanation

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

AX Real Estate's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	-9.59 * ( 1 - 38.2% )	/	( (290.957	+	450.313)	/ 2 )
=	-5.92662	/	370.635
=	-1.60 %

where

	Invested Capital		(Q: Apr. 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	))
=	294.108	-	6.495	-	( 4.535	-	max(0, 17.23	-	13.886	+	4.535	))
=	290.957

	Invested Capital		(Q: Oct. 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	))
=	474.028	-	29.469	-	( 10.657	-	max(0, 83.621	-	77.867	+	10.657	))
=	450.313

Note: The Operating Income data used here is two times the semi-annual (Oct. 2023) data.

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

AX Real Estate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-8.02	/	( ( (0 + max(-4.383, 0))	+	(324.394 + max(30.89, 0)) )	/	2 )
=	-8.02	/	( ( 0	+	355.284 )	/	2 )
=	-8.02	/	177.642
=	-4.51 %

where Working Capital is:

	Working Capital		(Q: Apr. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.913	+	0.438	+	-1.7763568394003E-15)	-	(6.495	+	0	+	7.239)
=	-4.383

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.883	+	49.102	+	5.374)	-	(29.469	+	0	+	-1.4210854715202E-14)
=	30.89

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Oct. 2023) EBIT data.

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

AX Real Estate's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	-0.703	/	159.056
	=	-0.44 %

AX Real Estate EBIT Related Terms

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AX Real Estate (MAL:AXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AX Real Estate PLC (MAL:AXR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

AX Business Centre, Triq Id-Difiza Civili, Mosta, MLT, MST 1741

Website

https://www.axrealestate.mt

AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. The company's portfolio includes warehouses, an office block at Hardrocks Industrial Park, as well as an office block at Falcon House. On the other hand, its subsidiaries own a range of properties and developments, such as the Suncrest Hotels, the Royal Hotels, St. John's Boutique Hotel and Palazzo Merkanti Leisure, as well as Central Leisure Developments, Simblija Developments, Heritage Developments and Skyline Developments.