INVL Baltic Real Estate (OVSE:INR1L) EBIT : €1.77 Mil (TTM As of Dec. 2023)

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What is INVL Baltic Real Estate EBIT?

INVL Baltic Real Estate's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €1.13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €1.77 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. INVL Baltic Real Estate's annualized ROC % for the quarter that ended in Dec. 2023 was 4.18%. INVL Baltic Real Estate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 775.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. INVL Baltic Real Estate's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.09%.

INVL Baltic Real Estate EBIT Historical Data

The historical data trend for INVL Baltic 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.

INVL Baltic Real Estate EBIT Chart

INVL Baltic Real Estate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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10.90

5.87

3.67

4.62

1.77

INVL Baltic Real Estate Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															2.80	2.05	2.58	0.64	1.13

Competitive Comparison of INVL Baltic Real Estate's EBIT

For the Real Estate Services subindustry, INVL Baltic 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.

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

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

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

INVL Baltic 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €1.77 Mil.

INVL Baltic Real Estate (OVSE:INR1L) EBIT Explanation

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

INVL Baltic Real Estate's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1.9 * ( 1 - 4.28% )	/	( (43.315	+	43.802)	/ 2 )
=	1.81868	/	43.5585
=	4.18 %

where

	Invested Capital		(Q: Jun. 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	))
=	43.78	-	3.303	-	( 1.306	-	max(0, 4.68	-	1.842	+	1.306	))
=	43.315

	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	))
=	44.564	-	0.976	-	( 1.275	-	max(0, 2.218	-	2.004	+	1.275	))
=	43.802

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

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

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

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2.252	/	( ( (0.314 + max(-2.802, 0))	+	(0.267 + max(-0.267, 0)) )	/	2 )
=	2.252	/	( ( 0.314	+	0.267 )	/	2 )
=	2.252	/	0.2905
=	775.22 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.157	+	0.21	+	0.198)	-	(3.303	+	0	+	0.064)
=	-2.802

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.346	+	0.206	+	0.204)	-	(0.976	+	0	+	0.047)
=	-0.267

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1.767	/	34.710
	=	5.09 %

INVL Baltic Real Estate EBIT Related Terms

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INVL Baltic Real Estate (OVSE:INR1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » INVL Baltic Real Estate (OVSE:INR1L) » Definitions » EBIT

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Traded in Other Exchanges

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Address

Gyneju Street 14, Vilnius, LTU, 01109

Website

https://www.invlbalticrealestate.lt

INVL Baltic Real Estate is a real estate investment company seeks to ensure the growth of rental income and earn from investments in commercial real estate. The companies owned by INVL Baltic Real Estate invested in commercial real estate: business centers, manufacturing and warehouse properties in Lithuania and Latvia. All the properties are characterized by high occupancy rates and generate stable financial flows, most of them has further development potential. INVL Baltic Real Estate is operating as a closed-end investment company. Management of the company was assumed by INVL Asset Management, the leading alternative asset manager in the Baltics, a part of the leading Baltic asset management group Invalda INVL. The company will operate as a closed-end investment company until 2046.

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