Property For Industry (NZSE:PFI) EBIT : NZ$-12.6 Mil (TTM As of Jun. 2024)

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What is Property For Industry EBIT?

Property For Industry's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was NZ$40.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was NZ$-12.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Property For Industry's annualized ROC % for the quarter that ended in Jun. 2024 was 3.12%. Property For Industry's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 2,398.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Property For Industry's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -0.72%.

Property For Industry EBIT Historical Data

The historical data trend for Property For Industry'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.

Property For Industry EBIT Chart

Property For Industry Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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141.06

209.39

153.93

492.93

18.11

Property For Industry Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															46.88	-28.78	-16.87	-52.72	40.08

Competitive Comparison of Property For Industry's EBIT

For the REIT - Industrial subindustry, Property For Industry'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.

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

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

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

Property For Industry 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$-12.6 Mil.

Property For Industry (NZSE:PFI) EBIT Explanation

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

Property For Industry's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	82.286 * ( 1 - 16.86% )	/	( (2156.428	+	2227.824)	/ 2 )
=	68.4125804	/	2192.126
=	3.12 %

where

	Invested Capital		(Q: Dec. 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	))
=	2063.879	-	22.301	-	( 1.187	-	max(0, 126.582	-	11.732	+	1.187	))
=	2156.428

	Invested Capital		(Q: Jun. 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	))
=	2086.137	-	19.787	-	( 1.481	-	max(0, 171.036	-	9.562	+	1.481	))
=	2227.824

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

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

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

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	80.168	/	( ( (3.449 + max(-16.009, 0))	+	(3.235 + max(-12.947, 0)) )	/	2 )
=	80.168	/	( ( 3.449	+	3.235 )	/	2 )
=	80.168	/	3.342
=	2,398.80 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.702	+	0	+	5.871)	-	(22.301	+	0.772	+	3.509)
=	-16.009

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.642	+	0	+	3.447)	-	(19.787	+	0.159	+	1.09)
=	-12.947

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-12.638	/	1753.966
	=	-0.72 %

Property For Industry EBIT Related Terms

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Property For Industry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Property For Industry Ltd (NZSE:PFI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Galway Street, Level 4, Hayman Kronfeld Building, Auckland, NZL, 1010

Website

https://www.propertyforindustry.co.nz

Property For Industry Ltd is a New Zealand-based industrial property investment company. The company's portfolio is predominantly composed of industrial properties. The company's investment properties are solely located in New Zealand, with the majority in Auckland and the remaining in other New Zealand cities. Its tenants encompass large enterprises such as Fisher and Paykel Appliances, Fletcher Building Products, Brambles, and Cottonsoft among others. Rental and management fee income represents nearly all of its operating revenue.