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Summit Real Estate Holdings (XTAE:SMT) EBIT : ₪222.9 Mil (TTM As of Sep. 2024)


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What is Summit Real Estate Holdings EBIT?

Summit Real Estate Holdings's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ₪112.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₪222.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Summit Real Estate Holdings's annualized ROC % for the quarter that ended in Sep. 2024 was 3.23%. Summit Real Estate Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 124.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Summit Real Estate Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.81%.


Summit Real Estate Holdings EBIT Historical Data

The historical data trend for Summit Real Estate Holdings'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.

Summit Real Estate Holdings EBIT Chart

Summit Real Estate Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 854.28 604.11 762.58 876.99 -54.78

Summit Real Estate Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.16 -150.10 127.40 132.77 112.84

Competitive Comparison of Summit Real Estate Holdings's EBIT

For the Real Estate Services subindustry, Summit Real Estate Holdings'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.


Summit Real Estate Holdings's EV-to-EBIT Distribution in the Real Estate Industry

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

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



Summit Real Estate Holdings 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪222.9 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.


Summit Real Estate Holdings  (XTAE:SMT) EBIT Explanation

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

Summit Real Estate Holdings's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=451.12 * ( 1 - 20.86% )/( (10914.234 + 11181.071)/ 2 )
=357.016368/11047.6525
=3.23 %

where

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))
=10746.552 - 294.03 - ( 807.583 - max(0, 1537.807 - 1076.095+807.583))
=10914.234

Invested Capital(Q: Sep. 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))
=10885.093 - 213.319 - ( 930.26 - max(0, 1723.758 - 1214.461+930.26))
=11181.071

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

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

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=451.356/( ( (362.906 + max(-137.388, 0)) + (360.678 + max(-58.156, 0)) )/ 2 )
=451.356/( ( 362.906 + 360.678 )/ 2 )
=451.356/361.792
=124.76 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(53.597 + 103.045 + 0) - (294.03 + 0 + 0)
=-137.388

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(56.822 + 98.341 + 0) - (213.319 + 0 + 0)
=-58.156

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=222.9/7934.563
=2.81 %

* 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.


Summit Real Estate Holdings EBIT Related Terms

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Summit Real Estate Holdings Business Description

Traded in Other Exchanges
N/A
Address
66 Hahistadrut Avenue, Haifa, ISR
Summit Real Estate Holdings Ltd is an Israel-based company. It is active in real estate industry. The company is involved in various aspects of the real estate business. It primarily emphasized on purchase and operation of office buildings and commercial assets, which are leased to numerous commercial and industrial tenants.

Summit Real Estate Holdings Headlines