Fletcher King (LSE:FLK) EBIT : £0.23 Mil (TTM As of Oct. 2023)

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What is Fletcher King EBIT?

Fletcher King's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2023 was £0.06 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was £0.23 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fletcher King's annualized ROC % for the quarter that ended in Oct. 2023 was 0.84%. Fletcher King's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 9.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fletcher King's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 16.72%.

Fletcher King EBIT Historical Data

The historical data trend for Fletcher King'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.

Fletcher King EBIT Chart

Fletcher King Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

EBIT

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0.28

0.10

-0.82

0.15

0.21

Fletcher King Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
EBIT	Get a 7-Day Free Trial															0.01	0.14	0.04	0.17	0.06

Competitive Comparison of Fletcher King's EBIT

For the Real Estate Services subindustry, Fletcher King'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.

Fletcher King's EV-to-EBIT Distribution in the Real Estate Industry

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

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

Fletcher King 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.23 Mil.

Fletcher King (LSE:FLK) EBIT Explanation

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

Fletcher King's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	0.026 * ( 1 - 32% )	/	( (2.315	+	1.912)	/ 2 )
=	0.01768	/	2.1135
=	0.84 %

where

	Invested Capital		(Q: Apr. 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	))
=	5.51	-	0.44	-	( 2.755	-	max(0, 1.042	-	4.308	+	2.755	))
=	2.315

	Invested Capital		(Q: Oct. 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	))
=	4.937	-	0.419	-	( 2.606	-	max(0, 0.56	-	3.848	+	2.606	))
=	1.912

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

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

Fletcher King's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.114	/	( ( (0.583 + max(0.4, 0))	+	(0.494 + max(0.823, 0)) )	/	2 )
=	0.114	/	( ( 0.983	+	1.317 )	/	2 )
=	0.114	/	1.15
=	9.91 %

where Working Capital is:

	Working Capital		(Q: Apr. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.164	+	0	+	0.137)	-	(0.44	+	0	+	0.461)
=	0.4

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.242	+	0	+	0)	-	(0.419	+	0	+	1.1102230246252E-16)
=	0.823

When net working capital is negative, 0 is used.

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

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

Fletcher King's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	0.226	/	1.352
	=	16.72 %

Fletcher King EBIT Related Terms

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Fletcher King (LSE:FLK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fletcher King PLC (LSE:FLK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

FLK.GB:UK

Address

19-20 Great Pulteney Street, Soho, London, GBR, W1F 9NF

Website

https://www.fletcherking.co.uk

Fletcher King PLC is a property fund management company. The company along with its subsidiaries provides a comprehensive range of property services and advice including property fund management, property asset management, rating, valuations, and investment broking throughout the United Kingdom. The group is organized into one operating segment which is General Services. It generates the majority of its revenue from the UK.

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