SIRO has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
SIRO has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Sirona Dental Systems's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2015 was $67 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was $252 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sirona Dental Systems's annualized ROC % for the quarter that ended in Dec. 2015 was 17.36%. Sirona Dental Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was 95.08%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sirona Dental Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was 4.09%.
The historical data trend for Sirona Dental Systems'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.
Sirona Dental Systems Annual Data | |||||||||||||||||||||
Trend | Mar06 | Sep07 | Sep08 | Sep09 | Sep10 | Sep11 | Sep12 | Sep13 | Sep14 | Sep15 | |||||||||||
EBIT | Get a 7-Day Free Trial | 163.41 | 182.90 | 201.50 | 234.30 | 247.80 |
Sirona Dental Systems Quarterly Data | ||||||||||||||||||||
Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | |
EBIT | Get a 7-Day Free Trial | 62.80 | 50.00 | 80.40 | 54.60 | 66.70 |
For the Medical Instruments & Supplies subindustry, Sirona Dental Systems'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.
For the Medical Devices & Instruments industry and Healthcare sector, Sirona Dental Systems's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Sirona Dental Systems's EV-to-EBIT falls into.
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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $252 Mil.
* 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.
Sirona Dental Systems (NAS:SIRO) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Sirona Dental Systems's annualized ROC % for the quarter that ended in Dec. 2015 is calculated as:
ROC % (Q: Dec. 2015 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2015 ) | + | Invested Capital (Q: Dec. 2015 )) | / count ) |
= | 266.8 * ( 1 - 23.03% ) | / | ( (1226.7 | + | 1138.5) | / 2 ) |
= | 205.35596 | / | 1182.6 | |||
= | 17.36 % |
where
Invested Capital | (Q: Sep. 2015 ) | |||||||||||
= | 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 | )) |
= | 1902.3 | - | 157.8 | - | ( 517.8 | - | max(0, 295.1 | - | 876.6 | + | 517.8 | )) |
= | 1226.7 |
Invested Capital | (Q: Dec. 2015 ) | |||||||||||
= | 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 | )) |
= | 1873.3 | - | 249.8 | - | ( 485 | - | max(0, 303.3 | - | 875.8 | + | 485 | )) |
= | 1138.5 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2015) data.
2. Joel Greenblatt's definition of Return on Capital:
Sirona Dental Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 is calculated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2015 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2015 | Q: Dec. 2015 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 266.8 | / | ( ( (208.3 + max(72.1, 0)) | + | (202.7 + max(78.1, 0)) ) | / | 2 ) |
= | 266.8 | / | ( ( 280.4 | + | 280.8 ) | / | 2 ) |
= | 266.8 | / | 280.6 | ||||
= | 95.08 % |
where Working Capital is:
Working Capital | (Q: Sep. 2015 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (154.9 | + | 129.4 | + | 60.3) | - | (157.8 | + | 22.3 | + | 92.4) |
= | 72.1 |
Working Capital | (Q: Dec. 2015 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (192.9 | + | 131.9 | + | 56.6) | - | (249.8 | + | 0.4 | + | 53.1) |
= | 78.1 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Dec. 2015) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Sirona Dental Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2015 ) |
= | 251.7 | / | 6161.250 | |
= | 4.09 % |
* 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.
Thank you for viewing the detailed overview of Sirona Dental Systems's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Kraemer Harry M Jansen Jr | director | DENTSPLY SIRONA INC., 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Arthur D Kowaloff | director | DENTSPLY SIRONA INC., 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Walter Petersohn | officer: Executive VP of Sales | C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
David Beecken | director | DENTSPLY SIRONA INC, 221 W PHILADELPHIA ST, SUITE 60W, YORK PA 17401-2991 |
Thomas Jetter | director | DENTSPLY SIRONA INC, 221 W PHILADELPHIA ST, SUITE 60W, YORK PA 17401-2991 |
Ulrich Michel | officer: CFO and Exec. Vice President | CHAUSEE DE WAVRE, 1789, CARE OF WABCO HOLDINGS INC, BRUSSELS C9 1160 |
Rainer Berthan | officer: Executive VP | C/O SIRONA DENTAL SYSTEMS, INC., FABRIKSTRASSE, BENSHEIM 2M 31D-64625 |
Jeffrey Slovin | director, officer: Chief Executive Officer | DENTSPLY SIRONA INC., 30-30 47TH AVE, SUITE 500, LONG ISLAND CITY NY 11101 |
Jonathan I Friedman | officer: General Counsel and Secretary | DENTSPLY SIRONA INC., 30-30 47TH AVENUE, SUITE 500, LONG ISLAND CITY NY 11101 |
Timothy P Sullivan | director | THREE FIRST NATIONAL PLZ, SUITE 3800, CHICAGO IL 60602 |
Simone Blank | director, officer: Executive VP and CFO | C/O SIRONA, WASSERFELDSTRASSE 30 A-5020, SALZBURG C4 5020 |
Nicholas W Alexos | director | C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Stephen Rosenberg | 10 percent owner | 1004 FARNAM STREET, SUITE 400, OMAHA NE 68102 |
Uri Landesman | director | 230 PARK AVENUE, NEW YORK NY 10169 |
From GuruFocus
By GuruFocus Research GuruFocus Editor • 12-18-2009
By gurufocus 10qk • 12-04-2009
By gurufocus 10qk • 11-18-2010
By gurufocus • 08-01-2009
By gurufocus • 02-05-2009
By gurufocus • 05-06-2009
By GuruFocus Research GuruFocus Editor • 02-23-2010
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.