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Phillips Edison's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was $45.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was $165.4 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Phillips Edison's annualized ROC % for the quarter that ended in Dec. 2024 was 3.77%. Phillips Edison's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 693.70%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Phillips Edison's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 2.30%.
The historical data trend for Phillips Edison'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.
Phillips Edison Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
EBIT | Get a 7-Day Free Trial |
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90.76 | 93.60 | 125.73 | 147.63 | 165.40 |
Phillips Edison Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
EBIT | Get a 7-Day Free Trial |
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37.76 | 42.96 | 40.61 | 36.67 | 45.16 |
For the REIT - Retail subindustry, Phillips Edison'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.
For the REITs industry and Real Estate sector, Phillips Edison's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Phillips Edison's EV-to-EBIT falls into.
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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $165.4 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.
Phillips Edison (NAS:PECO) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Phillips Edison's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:
ROC % (Q: Dec. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2024 ) | + | Invested Capital (Q: Dec. 2024 )) | / count ) |
= | 185.816 * ( 1 - 0% ) | / | ( (4878.808 | + | 4973.698) | / 2 ) |
= | 185.816 | / | 4926.253 | |||
= | 3.77 % |
where
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 | )) |
= | 4950.258 | - | 129.517 | - | ( 15.745 | - | max(0, 187.616 | - | 129.549 | + | 15.745 | )) |
= | 4878.808 |
Invested Capital | (Q: Dec. 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 | )) |
= | 5046.223 | - | 163.692 | - | ( 12.301 | - | max(0, 226.599 | - | 135.432 | + | 12.301 | )) |
= | 4973.698 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Phillips Edison's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2024 | Q: Dec. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 180.628 | / | ( ( (25.52 + max(-106.7, 0)) | + | (26.557 + max(-135.422, 0)) ) | / | 2 ) |
= | 180.628 | / | ( ( 25.52 | + | 26.557 ) | / | 2 ) |
= | 180.628 | / | 26.0385 | ||||
= | 693.70 % |
where Working Capital is:
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (42.029 | + | 0 | + | 2.887) | - | (129.517 | + | 22.099 | + | 2.8421709430404E-14) |
= | -106.7 |
Working Capital | (Q: Dec. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (47.409 | + | 0 | + | 3.768) | - | (163.692 | + | 22.907 | + | -2.8421709430404E-14) |
= | -135.422 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Phillips Edison's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2024 ) |
= | 165.396 | / | 7185.228 | |
= | 2.30 % |
* 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.
Thank you for viewing the detailed overview of Phillips Edison's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Anthony E Terry | director | 9002 SAN MARCO COURT, ORLANDO FL 32819 |
Parilee Edison Wang | director | 3982 SADDLEBACK ROAD, PARK CITY UT 84098 |
Leslie T Chao | director | 103 EISENHOWER PARKWAY, ROSELAND NJ 07068 |
Paul Massey | director | PHILLIPS EDISON-ARC SHOPPING CENTER REIT, 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249 |
John P Caulfield | officer: CFO, SVP & Treasurer | 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249 |
Elizabeth Fischer | director | 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249 |
Jane Silfen | director | 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249 |
David W Garrison | director | C/O SONICWALL, INC.,, 1143 BORREGAS AVE, SUNNYVALE CA 94089 |
John A. Strong | director | 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249 |
Tanya Brady | officer: See Remarks | C/O PHILLIPS EDISON & COMPANY, INC., 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249 |
Gregory S. Wood | director | 800 SOUTH ST. STE # 305, WALTHAM MA 02453 |
Stephen R Quazzo | director | C/O STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601 |
Devin Ignatius Murphy | officer: CFO, Secretary and Treasurer | 104 MAIN STREET, SOUTHPORT CT 06890 |
Jeffrey Edison | director, officer: Chairman of the Board & CEO | 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249 |
Robert Mark Addy | officer: Executive Vice President | 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249 |
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