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Argosy Property (NZSE:ARG) EBIT : NZ$47.7 Mil (TTM As of Sep. 2024)


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What is Argosy Property EBIT?

Argosy Property's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was NZ$60.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was NZ$47.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Argosy Property's annualized ROC % for the quarter that ended in Sep. 2024 was 4.34%. Argosy Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 464.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Argosy Property's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.86%.


Argosy Property EBIT Historical Data

The historical data trend for Argosy 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.

Argosy Property EBIT Chart

Argosy Property Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 144.65 274.85 264.82 -36.53 -8.84

Argosy Property Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.47 -69.00 3.58 -12.42 60.16

Competitive Comparison of Argosy Property's EBIT

For the REIT - Diversified subindustry, Argosy 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.


Argosy Property's EV-to-EBIT Distribution in the REITs Industry

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

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



Argosy 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$47.7 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.


Argosy Property  (NZSE:ARG) EBIT Explanation

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

Argosy Property's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=105.58 * ( 1 - 15.15% )/( (2052.711 + 2076.006)/ 2 )
=89.58463/2064.3585
=4.34 %

where

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

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

Argosy Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=120.312/( ( (0.283 + max(28.106, 0)) + (0 + max(23.418, 0)) )/ 2 )
=120.312/( ( 28.389 + 23.418 )/ 2 )
=120.312/25.9035
=464.46 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.717 + 0 + 46.268) - (14.447 + 1.377 + 4.055)
=28.106

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.429 + 0 + 39.311) - (12.125 + 2.537 + 2.66)
=23.418

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=47.733/1666.251
=2.86 %

* 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.


Argosy Property EBIT Related Terms

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Argosy Property Business Description

Traded in Other Exchanges
N/A
Address
Victoria Street West, P.O. Box 90214, 39 Market Place, Auckland, NTL, NZL, 1142
Argosy Property Ltd's business activity is to invest in and actively manage properties, including Industrial, Office and Large Format Retail properties, predominantly in Auckland and New Zealand. The company's portfolio is centred on the Auckland and Wellington markets and is diversified by industrial, office and Large format retail property segments. The company's industrial portfolio includes logistics warehouses, distribution centers, and other corporate or owner-operated businesses. Its office portfolio consists of house government departments and both local and international businesses. Its retail portfolio contains retail stores in large format, convenience centers, and entertainment venues.

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