GDI Property Group (ASX:GDI) EBIT : A$27.26 Mil (TTM As of Dec. 2023)

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What is GDI Property Group EBIT?

GDI Property Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$1.33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$27.26 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GDI Property Group's annualized ROC % for the quarter that ended in Dec. 2023 was 2.76%. GDI Property Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 900.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GDI Property Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.93%.

GDI Property Group EBIT Historical Data

The historical data trend for GDI Property Group'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.

GDI Property Group EBIT Chart

GDI Property Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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88.66

70.44

27.71

73.45

32.46

GDI Property Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial														42.25	31.20	6.53	25.93	1.33

Competitive Comparison of GDI Property Group's EBIT

For the Real Estate Services subindustry, GDI Property Group'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.

GDI Property Group's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where GDI Property Group's EV-to-EBIT falls into.

GDI Property Group 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 semi-annually data reported by the company within the most recent 12 months, which was A$27.26 Mil.

GDI Property Group (ASX:GDI) EBIT Explanation

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

GDI Property Group'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	31.68 * ( 1 - 2.9% )	/	( (1110.167	+	1119.209)	/ 2 )
=	30.76128	/	1114.688
=	2.76 %

where

	Invested Capital		(Q: Jun. 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	))
=	1129.013	-	18.345	-	( 8.228	-	max(0, 19.186	-	19.687	+	8.228	))
=	1110.167

	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	))
=	1131.376	-	22.513	-	( 8.9	-	max(0, 33.267	-	22.921	+	8.9	))
=	1119.209

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

GDI Property Group'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2.662	/	( ( (0.286 + max(-7.674, 0))	+	(0.305 + max(-9.101, 0)) )	/	2 )
=	2.662	/	( ( 0.286	+	0.305 )	/	2 )
=	2.662	/	0.2955
=	900.85 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.986	+	2.332	+	6.906)	-	(18.345	+	0	+	0.553)
=	-7.674

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.005	+	0	+	12.016)	-	(22.513	+	0	+	0.609)
=	-9.101

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

GDI Property Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	27.262	/	693.019
	=	3.93 %

GDI Property Group EBIT Related Terms

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GDI Property Group (ASX:GDI) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Pitt Street, Level 23, Sydney, NSW, AUS, 2000

Website

https://www.gdi.com.au

GDI Property Group is a property owner and fund manager. It is an integrated, internally managed property and funds management group with capabilities in ownership, management, refurbishment, leasing, and syndication of office and industrial properties. The Trust is internally managed and owns a portfolio of office properties across Australia. The Group has two operating segments, property investment and funds management. The Portfolio comprises three wholly-owned properties in CBD locations namely, Mill Green Complex; Goulburn Street; Cavill Avenue. The company owns an established funds business which, in addition to managing the Trust, manages unlisted and unregistered managed investment schemes.

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