QTS Realty Trust (QTS Realty Trust) EBIT : $41.46 Mil (TTM As of Jun. 2021)

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What is QTS Realty Trust EBIT?

QTS Realty Trust's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2021 was $11.90 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2021 was $41.46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. QTS Realty Trust's annualized ROC % for the quarter that ended in Jun. 2021 was 1.96%. QTS Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 96.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

QTS Realty Trust EBIT Historical Data

The historical data trend for QTS Realty Trust'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.

QTS Realty Trust EBIT Chart

QTS Realty Trust Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

EBIT

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37.87

22.20

18.21

58.22

45.74

QTS Realty Trust Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
EBIT	Get a 7-Day Free Trial															17.27	14.65	-1.30	16.20	11.90

Competitive Comparison of QTS Realty Trust's EBIT

For the REIT - Industrial subindustry, QTS Realty Trust'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.

QTS Realty Trust's EV-to-EBIT Distribution in the REITs Industry

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

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

QTS Realty Trust 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 Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $41.46 Mil.

QTS Realty Trust (NYSE:QTSpB.PFD) EBIT Explanation

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

QTS Realty Trust's annualized ROC % for the quarter that ended in Jun. 2021 is calculated as:

	ROC % (Q: Jun. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2021 )	+	Invested Capital (Q: Jun. 2021 ))	/ count )
=	83.988 * ( 1 - 5.64% )	/	( (3932.099	+	4159.341)	/ 2 )
=	79.2510768	/	4045.72
=	1.96 %

where

	Invested Capital		(Q: Mar. 2021 )
=	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	))
=	4085.29	-	244.238	-	( 14.652	-	max(0, 244.238	-	153.191	+	14.652	))
=	3932.099

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	4334.589	-	285.986	-	( 28.068	-	max(0, 285.986	-	175.248	+	28.068	))
=	4159.341

Note: The Operating Income data used here is four times the quarterly (Jun. 2021) data.

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

QTS Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2021		Q: Jun. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	47.608	/	( ( (49.851 + max(-105.699, 0))	+	(48.342 + max(-138.806, 0)) )	/	2 )
=	47.608	/	( ( 49.851	+	48.342 )	/	2 )
=	47.608	/	49.0965
=	96.97 %

where Working Capital is:

	Working Capital		(Q: Mar. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(124.392	+	0	+	14.147)	-	(244.238	+	0	+	0)
=	-105.699

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(134.87	+	0	+	12.31)	-	(285.986	+	0	+	0)
=	-138.806

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2021 )
	=	41.46	/	0.000
	=	%

QTS Realty Trust EBIT Related Terms

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QTS Realty Trust (QTS Realty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » QTS Realty Trust Inc (NYSE:QTSpB.PFD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

12851 Foster Street, Suite 205, Overland Park, KS, USA, 66213

Website

https://www.qtsdatacenters.com

QTS Realty Trust Inc is a real estate investment trust involved in the ownership and management of data centers located throughout the United States. The company provides data center solutions and cloud-managed services to customers through its facilities. QTS' Customer Data Center and Colocation Services business lines, cumulatively, contribute the majority of its total revenue. In each of these, QTS provides its tenants with the services and rental space necessary to house, power, and cool their networking equipment and computer systems. Most of the company's real estate portfolio is located in the Richmond, Dallas-Fort Worth, and Northeastern Georgia regions in terms of total square footage and rental revenue. Companies in the technology industry represent QTS' largest source of income.