CLS Holdings (LSE:CLI) EBIT : £-227.9 Mil (TTM As of Dec. 2023)

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What is CLS Holdings EBIT?

CLS Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £-137.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £-227.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CLS Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 3.31%. CLS Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -150.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CLS Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -16.40%.

CLS Holdings EBIT Historical Data

The historical data trend for CLS 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.

CLS Holdings EBIT Chart

CLS Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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182.00

118.80

115.00

-57.00

-227.90

CLS Holdings 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															78.70	33.00	-90.00	-90.10	-137.80

Competitive Comparison of CLS Holdings's EBIT

For the REIT - Office subindustry, CLS 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.

CLS Holdings's EV-to-EBIT Distribution in the REITs Industry

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

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

CLS 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-227.9 Mil.

CLS Holdings (LSE:CLI) EBIT Explanation

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

CLS Holdings'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 )
=	78.8 * ( 1 - 7.2% )	/	( (2272.6	+	2150.7)	/ 2 )
=	73.1264	/	2211.65
=	3.31 %

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	))
=	2337.3	-	63.2	-	( 92.5	-	max(0, 287.7	-	289.2	+	92.5	))
=	2272.6

	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	))
=	2160.9	-	12.3	-	( 33.8	-	max(0, 262.8	-	260.7	+	33.8	))
=	2150.7

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:

CLS Holdings'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 )
=	-275.6	/	( ( (39.6 + max(133.5, 0))	+	(41.8 + max(151.5, 0)) )	/	2 )
=	-275.6	/	( ( 173.1	+	193.3 )	/	2 )
=	-275.6	/	183.2
=	-150.44 %

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)
=	(14.2	+	0	+	182.5)	-	(63.2	+	0	+	0)
=	133.5

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.8	+	0	+	211.6)	-	(12.3	+	0	+	56.6)
=	151.5

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-227.9	/	1390.021
	=	-16.40 %

CLS Holdings EBIT Related Terms

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CLS Holdings (LSE:CLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CLS Holdings PLC (LSE:CLI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CLIl:UK 838:Germany

Address

16 Tinworth Street, London, GBR, SE11 5AL

Website

https://www.clsholdings.com

CLS Holdings PLC is a commercial property investment firm focused on office space. The company has two operating segments: Investment property and Other investments. The Investment property segment includes properties in the United Kingdom, Germany, and France, with over half of its assets in the United Kingdom. The Other investments comprise the hotel at Spring Mews and other small corporate investments. The company invests in noncentral locations that have efficient access to transportation and are located in large cities. CLS Holdings generates most of its revenue from rental income.

CLS Holdings (LSE:CLI) Headlines

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