Tian An Australia (ASX:TIA) EBIT : A$12.20 Mil (TTM As of Jun. 2023)

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What is Tian An Australia EBIT?

Tian An Australia's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was A$-1.15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was A$12.20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tian An Australia's annualized ROC % for the quarter that ended in Jun. 2023 was -2.71%. Tian An Australia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -32.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tian An Australia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 7.58%.

Tian An Australia EBIT Historical Data

The historical data trend for Tian An Australia'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.

Tian An Australia EBIT Chart

Tian An Australia Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-2.73

-21.93

4.93

-17.12

12.20

Tian An Australia Semi-Annual Data
	Jun14	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															2.70	-16.45	-0.67	-1.15	13.34

Competitive Comparison of Tian An Australia's EBIT

For the Real Estate - Development subindustry, Tian An Australia'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.

Tian An Australia's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Tian An Australia's EV-to-EBIT falls into.

Tian An Australia 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$12.20 Mil.

Tian An Australia (ASX:TIA) EBIT Explanation

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

Tian An Australia's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-4.532 * ( 1 - 0% )	/	( (156.733	+	177.875)	/ 2 )
=	-4.532	/	167.304
=	-2.71 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	189.337	-	1.595	-	( 31.009	-	max(0, 1.857	-	39.974	+	31.009	))
=	156.733

	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	))
=	201.833	-	2.949	-	( 21.009	-	max(0, 3.194	-	30.339	+	21.009	))
=	177.875

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

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

Tian An Australia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.292	/	( ( (0.739 + max(7.057, 0))	+	(0.296 + max(6.174, 0)) )	/	2 )
=	-2.292	/	( ( 7.796	+	6.47 )	/	2 )
=	-2.292	/	7.133
=	-32.13 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.032	+	1.35	+	7.46)	-	(1.595	+	0	+	0.19)
=	7.057

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.241	+	1.35	+	7.739)	-	(2.949	+	0	+	0.207)
=	6.174

When net working capital is negative, 0 is used.

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

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

Tian An Australia's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	12.197	/	161.002
	=	7.58 %

Tian An Australia EBIT Related Terms

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Tian An Australia (ASX:TIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tian An Australia Ltd (ASX:TIA) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

99 Macquarie Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.tianan.com.au

Tian An Australia Ltd is engaged in the development and sale of residential, land, and built-form products. The company has interests in developments on the east coast of Australia and developments in the Mandurah/Peel Region of Western Australia. The vast majority of the Group's reoccurring revenue relates to the sale of developed land and completed apartments.

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