Owens Realty Mortgage (Owens Realty Mortgage) EBIT : $9.58 Mil (TTM As of Dec. 2018)

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What is Owens Realty Mortgage EBIT?

Owens Realty Mortgage's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2018 was $2.37 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2018 was $9.58 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Owens Realty Mortgage's annualized ROC % for the quarter that ended in Dec. 2018 was 0.95%. Owens Realty Mortgage's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was 65.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Owens Realty Mortgage's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was 5.19%.

Owens Realty Mortgage EBIT Historical Data

The historical data trend for Owens Realty Mortgage'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.

Owens Realty Mortgage EBIT Chart

Owens Realty Mortgage Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

EBIT

Get a 7-Day Free Trial

9.26

28.27

23.59

14.31

9.58

Owens Realty Mortgage Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
EBIT	Get a 7-Day Free Trial															-2.01	1.19	2.91	3.11	2.37

Competitive Comparison of Owens Realty Mortgage's EBIT

For the REIT - Office subindustry, Owens Realty Mortgage'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.

Owens Realty Mortgage's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Owens Realty Mortgage's EV-to-EBIT falls into.

Owens Realty Mortgage 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 Dec. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.58 Mil.

Owens Realty Mortgage (AMEX:ORM) EBIT Explanation

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

Owens Realty Mortgage's annualized ROC % for the quarter that ended in Dec. 2018 is calculated as:

	ROC % (Q: Dec. 2018 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2018 )	+	Invested Capital (Q: Dec. 2018 ))	/ count )
=	2.208 * ( 1 - 11.73% )	/	( (210.016	+	199.644)	/ 2 )
=	1.9490016	/	204.83
=	0.95 %

where

	Invested Capital		(Q: Sep. 2018 )
=	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	))
=	231.261	-	3.283	-	( 20.162	-	max(0, 3.283	-	21.245	+	20.162	))
=	210.016

	Invested Capital		(Q: Dec. 2018 )
=	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	))
=	209.07	-	4.912	-	( 4.514	-	max(0, 4.912	-	180.917	+	4.514	))
=	199.644

Note: The Operating Income data used here is four times the quarterly (Dec. 2018) data.

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

Owens Realty Mortgage's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2018 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2018		Q: Dec. 2018
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	9.484	/	( ( (0 + max(-3.283, 0))	+	(0 + max(29.182, 0)) )	/	2 )
=	9.484	/	( ( 0	+	29.182 )	/	2 )
=	9.484	/	14.591
=	65.00 %

where Working Capital is:

	Working Capital		(Q: Sep. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	3.5527136788005E-15)	-	(3.283	+	0	+	0)
=	-3.283

	Working Capital		(Q: Dec. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	34.094)	-	(4.912	+	0	+	0)
=	29.182

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2018) EBIT data.

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

Owens Realty Mortgage's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2018 )
	=	9.583	/	184.500
	=	5.19 %

Owens Realty Mortgage EBIT Related Terms

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Owens Realty Mortgage (Owens Realty Mortgage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Owens Realty Mortgage Inc (AMEX:ORM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2221 Olympic Boulevard, Walnut Creek, CA, USA, 94595

Website

http://www.owensmortgage.com

Owens Realty Mortgage Inc is a US-based specialty finance company which focuses on the origination, investment, and management of commercial real estate loans primarily in the Western U.S. It is engaged in providing customized, short-term loans to small and middle-market investors and developers. The company also holds investments in real estate properties with the objective of providing investors with attractive current income and long-term shareholder value. It has three reportable business segments namely Commercial, Residential, and Land. The company is managed and advised by Owens Financial Group, Inc. Owens primary sources of revenue are interest income earned on loan investment portfolio and revenues which are generated from its operating real estate assets.

Executives

Gilbert E Nathan	director	C/O EMERGENT CAPITAL, INC., 5355 TOWN CENTER ROAD, SUITE 701, BOCA RATON FL 33486
Steven D Hovde	director	1110 LAKE COOK ROAD, SUITE 165, BUFFALO GROVE IL 60089