ESR LOGOS REIT (SGX:J91U) EBIT : S$158.3 Mil (TTM As of Jun. 2023)

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What is ESR LOGOS REIT EBIT?

ESR LOGOS REIT's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was S$39.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was S$158.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ESR LOGOS REIT's annualized ROC % for the quarter that ended in Jun. 2023 was 4.45%. ESR LOGOS REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 69.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ESR LOGOS REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 3.44%.

ESR LOGOS REIT EBIT Historical Data

The historical data trend for ESR LOGOS REIT'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.

ESR LOGOS REIT EBIT Chart

ESR LOGOS REIT Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-202.36

68.03

65.85

159.13

-181.46

ESR LOGOS REIT Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															89.18	69.96	-300.64	119.18	39.09

Competitive Comparison of ESR LOGOS REIT's EBIT

For the REIT - Industrial subindustry, ESR LOGOS REIT'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.

ESR LOGOS REIT's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, ESR LOGOS REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ESR LOGOS REIT's EV-to-EBIT falls into.

ESR LOGOS REIT 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$158.3 Mil.

ESR LOGOS REIT (SGX:J91U) EBIT Explanation

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

ESR LOGOS REIT's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	251.712 * ( 1 - -1.07% )	/	( (5767.346	+	5670.179)	/ 2 )
=	254.4053184	/	5718.7625
=	4.45 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	5654.158	-	146.302	-	( 45.579	-	max(0, 406.733	-	147.243	+	45.579	))
=	5767.346

	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	))
=	5539.684	-	163.406	-	( 49.57	-	max(0, 731.274	-	437.373	+	49.57	))
=	5670.179

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

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

ESR LOGOS REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	78.186	/	( ( (0 + max(-71.382, 0))	+	(0 + max(224.369, 0)) )	/	2 )
=	78.186	/	( ( 0	+	224.369 )	/	2 )
=	78.186	/	112.1845
=	69.69 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.075	+	56.595	+	29.152)	-	(146.302	+	0	+	14.902)
=	-71.382

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(23.573	+	361.41	+	2.82)	-	(163.406	+	0	+	0.027999999999906)
=	224.369

When net working capital is negative, 0 is used.

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

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

ESR LOGOS REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	158.275	/	4597.995
	=	3.44 %

ESR LOGOS REIT EBIT Related Terms

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ESR LOGOS REIT (SGX:J91U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ESR LOGOS REIT (SGX:J91U) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CGIUF:USA

Address

5 Temasek Boulevard, No. 12-09 Suntec Tower Five, Singapore, SGP, 038985

Website

https://www.esr-logosreit.com.sg

ESR-Logos REIT is a Singapore-focused REIT that invests primarily in industrial properties and business parks. Its portfolio consists of 82 properties (including joint ventures), with assets under management of SGD 5 billion, spreading across Singapore, Australia and Japan. Property types include business parks, general industrial, logistics and warehouse, and high-specification industrial properties. The trust also invested in three property funds, namely ESR Australia Logistics Partnership, New LAIVS Trust, and Oxford Property Fund. The trust is externally managed by ESR Funds Management (S) Limited, which in turn is majority-owned by parent, ESR Group. Overall, ESR Group has around 10% stake in the trust through direct and indirect interests.

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