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Real Estate Split (TSX:RS) EBIT : C$-5.93 Mil (TTM As of Jun. 2024)


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What is Real Estate Split EBIT?

Real Estate Split's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was C$-9.78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was C$-5.93 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Real Estate Split's annualized ROC % for the quarter that ended in Jun. 2024 was 6.06%. Real Estate Split's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Real Estate Split's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 11.45%.

Real Estate Split EBIT Historical Data

The historical data trend for Real Estate Split'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.

Real Estate Split EBIT Chart

Real Estate Split Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
-0.25 12.37 -17.30 3.92

Real Estate Split Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial -16.57 -0.73 0.07 3.85 -9.78

Competitive Comparison of Real Estate Split's EBIT

For the Asset Management subindustry, Real Estate Split'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.

Real Estate Split's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Real Estate Split's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Real Estate Split's EV-to-EBIT falls into.


Real Estate Split 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$-5.93 Mil.

* 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.

Real Estate Split  (TSX:RS) EBIT Explanation

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

Real Estate Split's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=4.178 * ( 1 - -4% )/( (68.182 + 75.202)/ 2 )
=4.34512/71.692
=6.06 %

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))
=150.246 - 2.004 - ( 149.301 - max(0, 70.186 - 150.246+149.301))
=68.182

Invested Capital(Q: Jun. 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))
=149.242 - 2.093 - ( 148.337 - max(0, 77.295 - 149.242+148.337))
=75.202

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Real Estate Split's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-19.554/( ( (0 + max(-69.581, 0)) + (0 + max(-76.67, 0)) )/ 2 )
=-19.554/( ( 0 + 0 )/ 2 )
=-19.554/0
= %

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)
=(0.605 + 0 + 2.8421709430404E-14) - (2.004 + 0 + 68.182)
=-69.581

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.625 + 0 + 0) - (2.093 + 0 + 75.202)
=-76.67

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Real Estate Split's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-5.925/-51.755
=11.45 %

* 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.

Real Estate Split EBIT Related Terms

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Real Estate Split Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Real Estate Split Corp (TSX:RS) » Definitions » EBIT
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TSX:DF TSX:STCK TSX:MID.UN TSXV:NFD.A TSX:BGI.UN TSX:RBN.UN TSX:RCG NEOE:ETHC TSXV:LPC TSX:PIC.A BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
RS.PR.A.PFD:Canada
Address
8 Spadina Avenue, Suite 3100, Toronto, ON, CAN, M5V 0S8
Website
https://www.middlefield.com
Real Estate Split Corp invests in a diversified, actively managed, high conviction portfolio of Real Estate Issuers engaged in e-commerce, data infrastructure as well as the multi-family, retail, office and healthcare sectors.
Executives
Robert Lauzon Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Jeremy Brasseur Director or Senior Officer of 10% Security Holder
Dean Orrico Director, Director or Senior Officer of 10% Security Holder, Senior Officer