Frasers Commercial Trust (SGX:KT8U.PFD) EBIT : S$191.75 Mil (TTM As of Dec. 2019)

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What is Frasers Commercial Trust EBIT?

Frasers Commercial Trust's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2019 was S$17.70 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2019 was S$191.75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Frasers Commercial Trust's annualized ROC % for the quarter that ended in Dec. 2019 was 4.09%. Frasers Commercial Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2019 was 183,927.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Frasers Commercial Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2019 was 25.52%.

Frasers Commercial Trust EBIT Historical Data

The historical data trend for Frasers Commercial 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.

Frasers Commercial Trust EBIT Chart

Frasers Commercial Trust Annual Data

Trend

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

EBIT

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90.47

99.24

158.30

171.63

178.35

Frasers Commercial Trust Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
EBIT	Get a 7-Day Free Trial															17.86	31.89	13.93	128.23	17.70

Competitive Comparison of Frasers Commercial Trust's EBIT

For the REIT - Office subindustry, Frasers Commercial 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.

Frasers Commercial Trust's EV-to-EBIT Distribution in the REITs Industry

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

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

Frasers Commercial 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 Dec. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was S$191.75 Mil.

Frasers Commercial Trust (SGX:KT8U.PFD) EBIT Explanation

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

Frasers Commercial Trust's annualized ROC % for the quarter that ended in Dec. 2019 is calculated as:

	ROC % (Q: Dec. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2019 )	+	Invested Capital (Q: Dec. 2019 ))	/ count )
=	87.184 * ( 1 - -15.14% )	/	( (2435.016	+	2469.488)	/ 2 )
=	100.3836576	/	2452.252
=	4.09 %

where

	Invested Capital		(Q: Sep. 2019 )
=	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	))
=	2259.645	-	13.619	-	( 21.527	-	max(0, 216.308	-	27.318	+	21.527	))
=	2435.016

	Invested Capital		(Q: Dec. 2019 )
=	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	))
=	2288.279	-	24.584	-	( 16.258	-	max(0, 229.445	-	23.652	+	16.258	))
=	2469.488

Note: The Operating Income data used here is four times the quarterly (Dec. 2019) data.

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

Frasers Commercial Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2019 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2019 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2019		Q: Dec. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	70.812	/	( ( (0.033 + max(-29.593, 0))	+	(0.044 + max(-26.116, 0)) )	/	2 )
=	70.812	/	( ( 0.033	+	0.044 )	/	2 )
=	70.812	/	0.0385
=	183,927.27 %

where Working Capital is:

	Working Capital		(Q: Sep. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.298	+	0	+	4.493)	-	(13.619	+	0	+	21.765)
=	-29.593

	Working Capital		(Q: Dec. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.394	+	0	+	0)	-	(24.584	+	0	+	8.926)
=	-26.116

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2019) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2019 )
	=	191.749	/	751.429
	=	25.52 %

Frasers Commercial Trust EBIT Related Terms

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Frasers Commercial Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Frasers Commercial Trust (SGX:KT8U.PFD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

438 Alexandra Road, No. 21-00 Alexandra Point, Singapore, SGP, 119958

Website

https://www.fraserscommercialtrust.com

Frasers Commercial Trust is an office and business park real estate investment trust with properties valued at around SGD 2.1 billion. The trust owns six properties: three in Australia, two in Singapore, and one in the United Kingdom. The trust wholly owns four of them, while Central Park and Farnborough Business Park are 50%-owned. Only two properties that the trust owns are located in the heart of a central business district. The trust is externally managed by Frasers Commercial Asset Management, and parent Frasers Property retains a 26% stake.

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