Fubon No 2 Real Estate Investment Trust (TPE:01004T) EBIT : NT$295.4 Mil (TTM As of Jun. 2016)

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What is Fubon No 2 Real Estate Investment Trust EBIT?

Fubon No 2 Real Estate Investment Trust's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2016 was NT$145.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was NT$295.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fubon No 2 Real Estate Investment Trust's annualized ROC % for the quarter that ended in Jun. 2016 was 2.84%. Fubon No 2 Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was 3.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fubon No 2 Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was 3.19%.

Fubon No 2 Real Estate Investment Trust EBIT Historical Data

The historical data trend for Fubon No 2 Real Estate Investment 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.

Fubon No 2 Real Estate Investment Trust EBIT Chart

Fubon No 2 Real Estate Investment Trust Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

EBIT

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265.83

276.35

278.86

291.21

296.08

Fubon No 2 Real Estate Investment Trust Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16
EBIT	Get a 7-Day Free Trial									140.12	151.10	146.56	149.52	145.87

Competitive Comparison of Fubon No 2 Real Estate Investment Trust's EBIT

For the REIT - Office subindustry, Fubon No 2 Real Estate Investment 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.

Fubon No 2 Real Estate Investment Trust's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fubon No 2 Real Estate Investment Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fubon No 2 Real Estate Investment Trust's EV-to-EBIT falls into.

Fubon No 2 Real Estate Investment 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. 2016 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$295.4 Mil.

Fubon No 2 Real Estate Investment Trust (TPE:01004T) EBIT Explanation

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

Fubon No 2 Real Estate Investment Trust's annualized ROC % for the quarter that ended in Jun. 2016 is calculated as:

	ROC % (Q: Jun. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2015 )	+	Invested Capital (Q: Jun. 2016 ))	/ count )
=	291.748 * ( 1 - 0% )	/	( (10312.305	+	10237.437)	/ 2 )
=	291.748	/	10274.871
=	2.84 %

where

	Invested Capital		(Q: Dec. 2015 )
=	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	))
=	11368.43	-	20.788	-	( 1035.697	-	max(0, 20.788	-	1056.125	+	1035.697	))
=	10312.305

	Invested Capital		(Q: Jun. 2016 )
=	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	))
=	11296.525	-	10.765	-	( 1048.323	-	max(0, 17.566	-	1081.533	+	1048.323	))
=	10237.437

Note: The Operating Income data used here is two times the semi-annual (Jun. 2016) data.

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

Fubon No 2 Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2015		Q: Jun. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	291.748	/	( ( (8122.698 + max(-15.472, 0))	+	(8092.857 + max(15.644, 0)) )	/	2 )
=	291.748	/	( ( 8122.698	+	8108.501 )	/	2 )
=	291.748	/	8115.5995
=	3.59 %

where Working Capital is:

	Working Capital		(Q: Dec. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.284	+	0	+	5.0320000000002)	-	(20.788	+	0	+	0)
=	-15.472

	Working Capital		(Q: Jun. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.037	+	0	+	33.173)	-	(10.765	+	0	+	6.801)
=	15.644

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2016) EBIT data.

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

Fubon No 2 Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2016 )
	=	295.393	/	9258.936
	=	3.19 %

Fubon No 2 Real Estate Investment Trust EBIT Related Terms

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Fubon No 2 Real Estate Investment Trust (TPE:01004T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fubon No 2 Real Estate Investment Trust (TPE:01004T) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

10th Floor No. 258, Section 4, Jen-Ai Road, Taipei, TWN

Website

http://www.fubonrem.com.tw

Fubon No 2 Real Estate Investment Trust leases and operates office and commercial buildings. Its activities include real estate transactions, counseling and development of construction business to improve the pre-sale system. The company also provides financial collateral for real estate assessment and non-performing collateral valuation collateral.

Fubon No 2 Real Estate Investment Trust (TPE:01004T) Headlines

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