Millenium Hospitality Real Estate Socimi (XMAD:YMHRE) EBIT : €0.58 Mil (TTM As of Jun. 2024)

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What is Millenium Hospitality Real Estate Socimi EBIT?

Millenium Hospitality Real Estate Socimi's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €5.52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €0.58 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Millenium Hospitality Real Estate Socimi's annualized ROC % for the quarter that ended in Jun. 2024 was 0.83%. Millenium Hospitality Real Estate Socimi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 44.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Millenium Hospitality Real Estate Socimi's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 0.14%.

Millenium Hospitality Real Estate Socimi EBIT Historical Data

The historical data trend for Millenium Hospitality Real Estate Socimi'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.

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Millenium Hospitality Real Estate Socimi EBIT Chart

Millenium Hospitality Real Estate Socimi Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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23.49

-14.08

10.65

13.48

2.60

Millenium Hospitality Real Estate Socimi Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial							16.54	-3.06	7.54	-4.94	5.52

Competitive Comparison of Millenium Hospitality Real Estate Socimi's EBIT

For the REIT - Hotel & Motel subindustry, Millenium Hospitality Real Estate Socimi'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.

Millenium Hospitality Real Estate Socimi's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Millenium Hospitality Real Estate Socimi's EV-to-EBIT distribution charts can be found below:

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

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Millenium Hospitality Real Estate Socimi 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 €0.58 Mil.

Millenium Hospitality Real Estate Socimi (XMAD:YMHRE) EBIT Explanation

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

Millenium Hospitality Real Estate Socimi'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 )
=	5.718 * ( 1 - 0% )	/	( (664.726	+	706.93)	/ 2 )
=	5.718	/	685.828
=	0.83 %

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	))
=	743.663	-	23.012	-	( 55.925	-	max(0, 43.877	-	105.114	+	55.925	))
=	664.726

	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	))
=	740.62	-	25.638	-	( 38.261	-	max(0, 51.167	-	59.219	+	38.261	))
=	706.93

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:

Millenium Hospitality Real Estate Socimi'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 )
=	11.034	/	( ( (18.727 + max(12.403, 0))	+	(18.295 + max(-7.122, 0)) )	/	2 )
=	11.034	/	( ( 31.13	+	18.295 )	/	2 )
=	11.034	/	24.7125
=	44.65 %

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)
=	(4.28	+	0.127	+	44.78)	-	(23.012	+	0	+	13.772)
=	12.403

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.422	+	0.209	+	16.145)	-	(25.638	+	0	+	2.26)
=	-7.122

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	0.577	/	413.275
	=	0.14 %

Millenium Hospitality Real Estate Socimi EBIT Related Terms

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Millenium Hospitality Real Estate Socimi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Millenium Hospitality Real Estate Socimi SA (XMAD:YMHRE) » Definitions » EBIT

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Address

Paseo de la Castellana 102, 2nd floor, Madrid, ESP, 28046

Website

https://www.mhre.es

Millenium Hospitality Real Estate Socimi SA is a real estate vehicle that specializes in developing and investing in hotels in excellent locations.

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