De La Rue (De La Rue) EBIT : $-17.5 Mil (TTM As of Sep. 2023)

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What is De La Rue EBIT?

De La Rue's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $-8.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-17.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. De La Rue's annualized ROC % for the quarter that ended in Sep. 2023 was 26.40%. De La Rue's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -13.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. De La Rue's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -5.20%.

De La Rue EBIT Historical Data

The historical data trend for De La Rue'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.

De La Rue EBIT Chart

De La Rue Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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42.29

52.23

23.58

40.32

-22.69

De La Rue Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															19.37	21.74	-13.02	-8.74	-8.79

Competitive Comparison of De La Rue's EBIT

For the Specialty Business Services subindustry, De La Rue'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.

De La Rue's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, De La Rue's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where De La Rue's EV-to-EBIT falls into.

De La Rue 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-17.5 Mil.

De La Rue (OTCPK:DELRF) EBIT Explanation

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

De La Rue's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	98.268 * ( 1 - 33.33% )	/	( (287.985	+	208.292)	/ 2 )
=	65.5152756	/	248.1385
=	26.40 %

where

	Invested Capital		(Q: Mar. 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	))
=	423.058	-	86.165	-	( 48.908	-	max(0, 153.155	-	220.631	+	48.908	))
=	287.985

	Invested Capital		(Q: Sep. 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	))
=	361.386	-	111.386	-	( 41.708	-	max(0, 122.277	-	182.673	+	41.708	))
=	208.292

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

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

De La Rue's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-17.574	/	( ( (132.524 + max(-21.359, 0))	+	(121.906 + max(5.198, 0)) )	/	2 )
=	-17.574	/	( ( 132.524	+	127.104 )	/	2 )
=	-17.574	/	129.814
=	-13.54 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(50.607	+	59.83	+	17.718)	-	(86.165	+	0	+	63.349)
=	-21.359

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(72.896	+	49.381	+	1.485)	-	(111.386	+	0	+	7.178)
=	5.198

When net working capital is negative, 0 is used.

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

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

De La Rue's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-17.525	/	337.106
	=	-5.20 %

De La Rue EBIT Related Terms

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De La Rue (De La Rue) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » De La Rue PLC (OTCPK:DELRF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

DLUEY:USA DLARl:UK DLAR:UK DL1C:Germany

Address

De La Rue House, Jays Close, Viables, Basingstoke, Hampshire, GBR, RG22 4BS

Website

https://www.delarue.com

De La Rue PLC offers security products, software solutions, and specialist services that underpin the integrity of trade, personal identity, and the movement of goods. Its segments include: Currency provides printed banknotes, polymer substrates, and banknote security components; Identity Solutions involve the provision of passport, e-Passport, national ID and e-ID, driving license and voter registration schemes; and Product Authentication and Traceability produces security documents, including authentication labels, brand licensing products, government documents, cheques, and postage stamps. It operates in the Middle East, Africa, Asia, the United Kingdom, the United States of America, and the Rest of the world and derives maximum revenue from the currency segment.