Stride Property (NZSE:SPG) EBIT : NZ$40.6 Mil (TTM As of Sep. 2024)

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What is Stride Property EBIT?

Stride Property's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was NZ$34.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was NZ$40.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Stride Property's annualized ROC % for the quarter that ended in Sep. 2024 was 3.45%. Stride Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 87.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Stride Property's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 1.61%.

Stride Property EBIT Historical Data

The historical data trend for Stride 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.

Stride Property EBIT Chart

Stride Property Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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43.49

153.01

139.27

-93.38

-32.83

Stride 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															-41.31	-52.07	-39.35	6.52	34.08

Competitive Comparison of Stride Property's EBIT

For the Real Estate Services subindustry, Stride 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.

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

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

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

Stride 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$40.6 Mil.

Stride Property (NZSE:SPG) EBIT Explanation

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

Stride 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 )
=	66.008 * ( 1 - 25.21% )	/	( (1434.584	+	1426.624)	/ 2 )
=	49.3673832	/	1430.604
=	3.45 %

where

	Invested Capital		(Q: Mar. 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	))
=	1458.543	-	16.096	-	( 14.762	-	max(0, 17.858	-	25.721	+	14.762	))
=	1434.584

	Invested Capital		(Q: Sep. 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	))
=	1448.797	-	10.329	-	( 11.844	-	max(0, 52.382	-	163.019	+	11.844	))
=	1426.624

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:

Stride 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 )
=	68.154	/	( ( (9.058 + max(-7.323, 0))	+	(9.001 + max(137.435, 0)) )	/	2 )
=	68.154	/	( ( 9.058	+	146.436 )	/	2 )
=	68.154	/	77.747
=	87.66 %

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)
=	(3.817	+	0	+	6.711)	-	(16.096	+	1.755	+	0)
=	-7.323

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.798	+	0	+	148.377)	-	(10.329	+	3.411	+	-7.105427357601E-15)
=	137.435

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	40.597	/	2516.394
	=	1.61 %

Stride Property EBIT Related Terms

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Stride Property Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

34 Shortland Street, Level 12, Louise Hill, Auckland, NTL, NZL, 1010

Website

https://www.strideproperty.co.nz

Stride Property Ltd is a real estate company that owns and manages investment properties in New Zealand. Most of the properties are located in Auckland, followed by Wellington, Northern Regional, and South Island. Stride's portfolio consists of commercial office, retail, and industrial property, as well as land. Retail properties deliver the majority of contract rental revenue, followed by office and industrial properties. The company's major tenants include general distributors, large retailers, banks, the New Zealand government, and industrial companies.