Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) EBIT : ฿565.1 Mil (TTM As of Mar. 2024)

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What is Dusit Thani Freehold and Leasehold REIT EBIT?

Dusit Thani Freehold and Leasehold REIT's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ฿316.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ฿565.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dusit Thani Freehold and Leasehold REIT's annualized ROC % for the quarter that ended in Mar. 2024 was 11.33%. Dusit Thani Freehold and Leasehold REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4,664.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dusit Thani Freehold and Leasehold REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.12%.

Dusit Thani Freehold and Leasehold REIT EBIT Historical Data

The historical data trend for Dusit Thani Freehold and Leasehold REIT'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.

Dusit Thani Freehold and Leasehold REIT EBIT Chart

Dusit Thani Freehold and Leasehold REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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161.78

397.30

480.85

399.76

376.78

Dusit Thani Freehold and Leasehold REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															128.42	171.78	132.41	-55.82	316.76

Competitive Comparison of Dusit Thani Freehold and Leasehold REIT's EBIT

For the REIT - Hotel & Motel subindustry, Dusit Thani Freehold and Leasehold REIT'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.

Dusit Thani Freehold and Leasehold REIT's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Dusit Thani Freehold and Leasehold REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Dusit Thani Freehold and Leasehold REIT's EV-to-EBIT falls into.

Dusit Thani Freehold and Leasehold REIT 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿565.1 Mil.

Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) EBIT Explanation

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

Dusit Thani Freehold and Leasehold REIT's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	862.116 * ( 1 - 0.84% )	/	( (7461.991	+	7628.114)	/ 2 )
=	854.8742256	/	7545.0525
=	11.33 %

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	))
=	7737.886	-	28.422	-	( 247.473	-	max(0, 28.422	-	290.59	+	247.473	))
=	7461.991

	Invested Capital		(Q: Mar. 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	))
=	8036.189	-	80.5	-	( 327.575	-	max(0, 80.5	-	447.713	+	327.575	))
=	7628.114

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

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

Dusit Thani Freehold and Leasehold REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1267.052	/	( ( (0 + max(14.695, 0))	+	(0 + max(39.638, 0)) )	/	2 )
=	1267.052	/	( ( 14.695	+	39.638 )	/	2 )
=	1267.052	/	27.1665
=	4,664.02 %

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)
=	(42.3	+	0	+	0.81699999999995)	-	(28.422	+	0	+	0)
=	14.695

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(117.373	+	0	+	2.765)	-	(80.5	+	0	+	0)
=	39.638

When net working capital is negative, 0 is used.

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

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

Dusit Thani Freehold and Leasehold REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	565.123	/	5080.387
	=	11.12 %

Dusit Thani Freehold and Leasehold REIT EBIT Related Terms

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Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phayathai Road, No. 319 Chamchuri Square Building, 29th Floor, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330

Website

https://www.dtcreit.com

Dusit Thani Freehold and Leasehold REIT is a closed-end property fund engaged in seeking funds from investors to invest in property or property leasehold rights. The Trust invests in freehold and leasehold properties, including sublease high-quality real estate, hotels, and other types of property relevant or beneficial to hotel properties. Its operating segment includes Leasing and others. The company generates maximum revenue from the Leasing segment.

Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) Headlines

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