Echo Investment (WAR:ECH) EBIT : zł369 Mil (TTM As of Dec. 2023)

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What is Echo Investment EBIT?

Echo Investment's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was zł142 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was zł369 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Echo Investment's annualized ROC % for the quarter that ended in Dec. 2023 was 11.35%. Echo Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 43.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Echo Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.12%.

Echo Investment EBIT Historical Data

The historical data trend for Echo Investment'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.

Echo Investment EBIT Chart

Echo Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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458.61

233.73

385.04

399.33

369.09

Echo Investment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															68.60	67.26	66.26	93.11	142.47

Competitive Comparison of Echo Investment's EBIT

For the Real Estate - Diversified subindustry, Echo Investment'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.

Echo Investment's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Echo Investment's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Echo Investment's EV-to-EBIT falls into.

Echo Investment 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was zł369 Mil.

Echo Investment (WAR:ECH) EBIT Explanation

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

Echo Investment's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	746.82 * ( 1 - 21.89% )	/	( (5265.619	+	5009.871)	/ 2 )
=	583.341102	/	5137.745
=	11.35 %

where

	Invested Capital		(Q: Sep. 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	))
=	6198.419	-	178.236	-	( 754.564	-	max(0, 2196.148	-	3251.465	+	754.564	))
=	5265.619

	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	))
=	5961.838	-	138.131	-	( 813.836	-	max(0, 1817.567	-	3013.087	+	813.836	))
=	5009.871

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Echo Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	569.876	/	( ( (60.48 + max(1159.997, 0))	+	(56.489 + max(1329.06, 0)) )	/	2 )
=	569.876	/	( ( 1220.477	+	1385.549 )	/	2 )
=	569.876	/	1303.013
=	43.74 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(443.502	+	1784.316	+	269.083)	-	(178.236	+	0	+	1158.668)
=	1159.997

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(67.021	+	1553.825	+	498.964)	-	(138.131	+	0	+	652.619)
=	1329.06

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Echo Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	369.093	/	4048.867
	=	9.12 %

Echo Investment EBIT Related Terms

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Echo Investment (WAR:ECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Echo Investment SA (WAR:ECH) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

4I3:Germany

Address

Al. Jana Paw?a II 22, Warsaw Office Q22 building, Warsaw, POL, 00-133

Website

https://www.echo.com.pl

Echo Investment SA is a Polish development company that builds projects in the office, retail, and residential sectors. The company divides its revenue-generating businesses into four categories: residential, shopping centers, office buildings, and others. The residential segment handles the rental and sale of properties. In the other segment, accounting, leasing, and development services for external clients generate revenue. The residential and retail segments are responsible for generating the largest portions of revenue. A majority of the company's revenue is earned in Poland.