PSP Swiss Property AG (PSP Swiss Property AG) EBIT : $194.7 Mil (TTM As of Mar. 2024)

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What is PSP Swiss Property AG EBIT?

PSP Swiss Property AG's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $121.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $194.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PSP Swiss Property AG's annualized ROC % for the quarter that ended in Mar. 2024 was 2.43%. PSP Swiss Property AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 87,824.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PSP Swiss Property AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.50%.

PSP Swiss Property AG EBIT Historical Data

The historical data trend for PSP Swiss Property AG'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.

PSP Swiss Property AG EBIT Chart

PSP Swiss Property AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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521.84

418.56

815.73

446.84

158.55

PSP Swiss Property AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															76.22	-11.45	111.40	-26.92	121.64

Competitive Comparison of PSP Swiss Property AG's EBIT

For the Real Estate Services subindustry, PSP Swiss Property AG'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.

PSP Swiss Property AG's EV-to-EBIT Distribution in the Real Estate Industry

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

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

PSP Swiss Property AG 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $194.7 Mil.

PSP Swiss Property AG (OTCPK:PSPSF) EBIT Explanation

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

PSP Swiss Property AG's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	344.344 * ( 1 - 18.8% )	/	( (11718.573	+	11263.494)	/ 2 )
=	279.607328	/	11491.0335
=	2.43 %

where

	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	))
=	11316.952	-	54.084	-	( 163.827	-	max(0, 683.886	-	228.181	+	163.827	))
=	11718.573

	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	))
=	10945.413	-	67.942	-	( 30.63	-	max(0, 493.899	-	107.876	+	30.63	))
=	11263.494

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

PSP Swiss Property AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	486.548	/	( ( (0.532 + max(-98.916, 0))	+	(0.576 + max(-191.221, 0)) )	/	2 )
=	486.548	/	( ( 0.532	+	0.576 )	/	2 )
=	486.548	/	0.554
=	87,824.55 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(18.567	+	34.45	+	11.337)	-	(54.084	+	0	+	109.186)
=	-98.916

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(21.356	+	31.167	+	24.723)	-	(67.942	+	0	+	200.525)
=	-191.221

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	194.675	/	7775.014
	=	2.50 %

PSP Swiss Property AG EBIT Related Terms

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PSP Swiss Property AG (PSP Swiss Property AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PSP Swiss Property AG (OTCPK:PSPSF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PSPSY:USA PSPNz:UK P7S0:Germany PSPN:Switzerland

Address

Kolinplatz 2, Zug, CHE, CH-6300

Website

http://www.psp.info

PSP Swiss Property AG is a general real estate company. The company reports three business units: real estate investments, property management, and holding. The vast majority of revenue is generated by rental income. All PSP property is located in Switzerland. The company considers merger and acquisition investment as a potential component of its operational growth strategy. The company's real estate investment segment invests exclusively in commercial properties, with leases primarily in office and retail property.