CapitaLand China Trust (SGX:AU8U) EBIT : S$217.9 Mil (TTM As of Dec. 2023)

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What is CapitaLand China Trust EBIT?

CapitaLand China Trust's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was S$96.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was S$217.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CapitaLand China Trust's annualized ROC % for the quarter that ended in Dec. 2023 was 1.12%. CapitaLand China Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8,112.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CapitaLand China Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.60%.

CapitaLand China Trust EBIT Historical Data

The historical data trend for CapitaLand China 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.

CapitaLand China Trust EBIT Chart

CapitaLand China Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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277.90

57.99

228.85

307.18

217.93

CapitaLand China Trust 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															107.50	125.75	181.42	121.72	96.21

Competitive Comparison of CapitaLand China Trust's EBIT

For the REIT - Retail subindustry, CapitaLand China 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.

CapitaLand China Trust's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where CapitaLand China Trust's EV-to-EBIT falls into.

CapitaLand China 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 S$217.9 Mil.

CapitaLand China Trust (SGX:AU8U) EBIT Explanation

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

CapitaLand China 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 )
=	212.004 * ( 1 - 73.91% )	/	( (5075.644	+	4782.756)	/ 2 )
=	55.3118436	/	4929.2
=	1.12 %

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	))
=	5179.529	-	119.789	-	( 252.691	-	max(0, 294.882	-	278.978	+	252.691	))
=	5075.644

	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	))
=	4995.759	-	147.239	-	( 243.464	-	max(0, 367.981	-	433.745	+	243.464	))
=	4782.756

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:

CapitaLand China 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 )
=	192.424	/	( ( (2.589 + max(-153.927, 0))	+	(2.155 + max(-46.651, 0)) )	/	2 )
=	192.424	/	( ( 2.589	+	2.155 )	/	2 )
=	192.424	/	2.372
=	8,112.31 %

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)
=	(23.562	+	0	+	2.725)	-	(119.789	+	0	+	60.425)
=	-153.927

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(24.444	+	0	+	165.837)	-	(147.239	+	0	+	89.693)
=	-46.651

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:

CapitaLand China Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	217.932	/	2866.624
	=	7.60 %

CapitaLand China Trust EBIT Related Terms

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CapitaLand China Trust (SGX:AU8U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CapitaLand China Trust (SGX:AU8U) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912

Website

https://www.clct.com.sg

CapitaLand China Trust is a Singapore-based real estate investment trust which invests in retail properties. The company's portfolio consists primarily of shopping malls located in multiple cities in mainland China, Hong Kong, and Macau. The company generates revenue from leasing properties to its tenants. Fashion and accessories stores, dining venues, and department stores collectively contribute the majority of total rental revenue. Other tenants include supermarkets, beauty and healthcare retailers, homeware and furniture stores, and leisure venues. The operating segments are Retail Malls, Business Parks and Logistics Parks. Majority of revenue is generated from Retail Malls segment.

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