City & Land Developers (PHS:LAND) EBIT : ₱197.0 Mil (TTM As of Dec. 2023)

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What is City & Land Developers EBIT?

City & Land Developers's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₱15.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₱197.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. City & Land Developers's annualized ROC % for the quarter that ended in Dec. 2023 was -3.10%. City & Land Developers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. City & Land Developers's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 20.28%.

City & Land Developers EBIT Historical Data

The historical data trend for City & Land Developers'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.

City & Land Developers EBIT Chart

City & Land Developers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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237.46

136.86

222.91

540.36

199.12

City & Land Developers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															93.96	41.39	73.24	66.89	15.45

Competitive Comparison of City & Land Developers's EBIT

For the Real Estate - Diversified subindustry, City & Land Developers'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.

City & Land Developers's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, City & Land Developers's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where City & Land Developers's EV-to-EBIT falls into.

City & Land Developers 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 quarterly data reported by the company within the most recent 12 months, which was ₱197.0 Mil.

City & Land Developers (PHS:LAND) EBIT Explanation

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

City & Land Developers'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-92.3 * ( 1 - 12.87% )	/	( (2561.977	+	2622.856)	/ 2 )
=	-80.42099	/	2592.4165
=	-3.10 %

where

	Invested Capital		(Q: Sep. 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	))
=	3042.822	-	101.146	-	( 379.699	-	max(0, 190.517	-	2231.259	+	379.699	))
=	2561.977

	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	))
=	3042.315	-	127.722	-	( 291.737	-	max(0, 183.983	-	2181.014	+	291.737	))
=	2622.856

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

City & Land Developers'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	61.812	/	( ( (0 + max(1407.605, 0))	+	(0 + max(1458.881, 0)) )	/	2 )
=	61.812	/	( ( 1407.605	+	1458.881 )	/	2 )
=	61.812	/	1433.243
=	4.31 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.556	+	1586.333	+	11.233)	-	(101.146	+	0	+	89.371)
=	1407.605

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.332	+	1639.436	+	3.096)	-	(127.722	+	0	+	56.261)
=	1458.881

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

City & Land Developers's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	196.966	/	971.097
	=	20.28 %

City & Land Developers EBIT Related Terms

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City & Land Developers (PHS:LAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » City & Land Developers Inc (PHS:LAND) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

154 H.V. Dela Costa Street, 3rd Floor, Cityland Condominium 10 Tower 1, Makati, PHL, 1226

Website

http://www.citylandcondo.com

City & Land Developers Inc is engaged in acquiring and developing suitable land sites for residential, office, commercial, institutional, and industrial uses. It also focuses on establishing an effective institutional medium. The completed projects of the company are North Residences, Grand Emerald Tower, Manila Residences Bocobo, and much more. Its reportable segments are the Sale of Real Estate Properties and the Lease of Real Estate Properties. Generating, a majority of its revenue from the sale of real estate properties.