Vital Healthcare Property Trust (NZSE:VHP) EBIT : NZ$-199.7 Mil (TTM As of Dec. 2023)

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What is Vital Healthcare Property Trust EBIT?

Vital Healthcare Property Trust's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was NZ$-102.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was NZ$-199.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vital Healthcare Property Trust's annualized ROC % for the quarter that ended in Dec. 2023 was 3.17%. Vital Healthcare Property Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -848.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vital Healthcare Property Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -7.87%.

Vital Healthcare Property Trust EBIT Historical Data

The historical data trend for Vital Healthcare Property Trust'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.

Vital Healthcare Property Trust EBIT Chart

Vital Healthcare Property Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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139.70

98.62

346.19

391.47

-97.41

Vital Healthcare Property Trust Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															211.17	180.31	-0.43	-96.98	-102.73

Competitive Comparison of Vital Healthcare Property Trust's EBIT

For the REIT - Healthcare Facilities subindustry, Vital Healthcare Property Trust'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.

Vital Healthcare Property Trust's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Vital Healthcare Property Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vital Healthcare Property Trust's EV-to-EBIT falls into.

Vital Healthcare Property Trust 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 NZ$-199.7 Mil.

Vital Healthcare Property Trust (NZSE:VHP) EBIT Explanation

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

Vital Healthcare Property Trust'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 )
=	115.11 * ( 1 - 8.56% )	/	( (3377.305	+	3257.849)	/ 2 )
=	105.256584	/	3317.577
=	3.17 %

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	))
=	3429.712	-	41.522	-	( 10.885	-	max(0, 51.923	-	115.309	+	10.885	))
=	3377.305

	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	))
=	3269.749	-	38.171	-	( 13.447	-	max(0, 52.528	-	26.257	+	13.447	))
=	3257.849

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:

Vital Healthcare Property Trust'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 )
=	-205.468	/	( ( (0 + max(48.413, 0))	+	(0 + max(-39.143, 0)) )	/	2 )
=	-205.468	/	( ( 48.413	+	0 )	/	2 )
=	-205.468	/	24.2065
=	-848.81 %

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)
=	(1.517	+	0	+	98.641)	-	(41.522	+	10.215	+	0.0080000000000098)
=	48.413

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.185	+	0	+	5.019)	-	(38.171	+	12.527	+	1.649)
=	-39.143

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:

Vital Healthcare Property Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-199.716	/	2539.019
	=	-7.87 %

Vital Healthcare Property Trust EBIT Related Terms

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Vital Healthcare Property Trust (NZSE:VHP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vital Healthcare Property Trust (NZSE:VHP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 17, HSBC Tower, 188 Quay Street, Auckland, NTL, NZL, 1010

Website

https://www.vitalhealthcareproperty.co.nz

Vital Healthcare Property Trust is a healthcare REIT. The vast majority of revenue is generated in Australia, followed by New Zealand. Most of the company's tenants are for-profit hospitals, followed by medical consultants and nonprofit hospitals. The company is focused on protecting the interests of investors and other stakeholders. The company considers merger and acquisition investment as a component of its operational growth strategy.

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