Balwin Properties (JSE:BWN) EBIT : R361 Mil (TTM As of Feb. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Balwin Properties EBIT?

Balwin Properties's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2024 was R98 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was R361 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Balwin Properties's annualized ROC % for the quarter that ended in Feb. 2024 was 1.42%. Balwin Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 2.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Balwin Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 9.71%.

Balwin Properties EBIT Historical Data

The historical data trend for Balwin Properties'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.

Balwin Properties EBIT Chart

Balwin Properties Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

EBIT

Get a 7-Day Free Trial

581.73

478.03

549.72

629.58

360.58

Balwin Properties Semi-Annual Data
	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
EBIT	Get a 7-Day Free Trial													372.92	253.68	375.90	262.82	97.76

Competitive Comparison of Balwin Properties's EBIT

For the Real Estate - Development subindustry, Balwin Properties'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.

Balwin Properties's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Balwin Properties's EV-to-EBIT falls into.

Balwin Properties 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R361 Mil.

Balwin Properties (JSE:BWN) EBIT Explanation

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

Balwin Properties's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

	ROC % (Q: Feb. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2023 )	+	Invested Capital (Q: Feb. 2024 ))	/ count )
=	169.194 * ( 1 - 40.14% )	/	( (7017.048	+	7224.067)	/ 2 )
=	101.2795284	/	7120.5575
=	1.42 %

where

	Invested Capital		(Q: Aug. 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	))
=	7644.141	-	184.46	-	( 442.633	-	max(0, 2087.674	-	6967.235	+	442.633	))
=	7017.048

	Invested Capital		(Q: Feb. 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	))
=	7630.347	-	116.694	-	( 289.586	-	max(0, 2159.523	-	6984.676	+	289.586	))
=	7224.067

Note: The Operating Income data used here is two times the semi-annual (Feb. 2024) data.

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

Balwin Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2023		Q: Feb. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	195.518	/	( ( (377.19 + max(6286.239, 0))	+	(381.826 + max(6493.121, 0)) )	/	2 )
=	195.518	/	( ( 6663.429	+	6874.947 )	/	2 )
=	195.518	/	6769.188
=	2.89 %

where Working Capital is:

	Working Capital		(Q: Aug. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(231.202	+	6275.007	+	1.0860000000002)	-	(184.46	+	0	+	36.596)
=	6286.239

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(349.709	+	6342.225	+	1.3159999999998)	-	(116.694	+	0	+	83.435)
=	6493.121

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2024) EBIT data.

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

Balwin Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2024 )
	=	360.581	/	3714.270
	=	9.71 %

Balwin Properties EBIT Related Terms

Thank you for viewing the detailed overview of Balwin Properties's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Balwin Properties (JSE:BWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Balwin Properties Ltd (JSE:BWN) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

105 Corlett Drive, Melrose, Johannesburg, GT, ZAF, 2196

Website

https://www.balwin.co.za

Balwin Properties Ltd is South Africa's residential property developer of large-scale, sectional title estates with a focus on high quality, environmentally efficient and affordable apartments with an lifestyle offering for residents. The operating segments of the company are: Sale of apartments, Provision of services to residential estates, Bond commission, Residential and commercial property rentals and Balwin Foundation.