Downer EDI (ASX:DOW) EBIT : A$-271 Mil (TTM As of Dec. 2023)

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What is Downer EDI EBIT?

Downer EDI's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$120 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-271 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Downer EDI's annualized ROC % for the quarter that ended in Dec. 2023 was 2.98%. Downer EDI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Downer EDI's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.06%.

Downer EDI EBIT Historical Data

The historical data trend for Downer EDI'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.

Downer EDI EBIT Chart

Downer EDI Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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471.00

-61.70

311.30

303.60

-268.60

Downer EDI 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															161.40	142.20	122.00	-390.60	120.10

Competitive Comparison of Downer EDI's EBIT

For the Engineering & Construction subindustry, Downer EDI'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.

Downer EDI's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Downer EDI's EV-to-EBIT distribution charts can be found below:

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

Downer EDI 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 A$-271 Mil.

Downer EDI (ASX:DOW) EBIT Explanation

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

Downer EDI'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 )
=	146.4 * ( 1 - 10.1% )	/	( (4517.4	+	4325.2)	/ 2 )
=	131.6136	/	4421.3
=	2.98 %

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	))
=	7314.3	-	2272.4	-	( 896.7	-	max(0, 2872.6	-	3397.1	+	896.7	))
=	4517.4

	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	))
=	6584	-	1994.6	-	( 572	-	max(0, 2519	-	2783.2	+	572	))
=	4325.2

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:

Downer EDI'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 )
=	240.2	/	( ( (1363.2 + max(-232.1, 0))	+	(1308.6 + max(-163, 0)) )	/	2 )
=	240.2	/	( ( 1363.2	+	1308.6 )	/	2 )
=	240.2	/	1335.9
=	17.98 %

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)
=	(2094.2	+	234.8	+	171.4)	-	(2272.4	+	2.6	+	457.5)
=	-232.1

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1905	+	223.2	+	83)	-	(1994.6	+	12.9	+	366.7)
=	-163

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:

Downer EDI's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-270.5	/	4460.364
	=	-6.06 %

Downer EDI EBIT Related Terms

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Downer EDI (ASX:DOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Downer EDI Ltd (ASX:DOW) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

DNE:Germany

Address

39 Delhi Road, Level 2, Triniti III, Triniti Business Campus, North Ryde, NSW, AUS, 2113

Website

https://www.downergroup.com

Downer operates engineering, construction, and maintenance; transport; technology and communications; utilities; and rail units. The future of Downer is focused on urban services, and mining and high-risk construction businesses have been sold. The engineering, construction, and maintenance business had exposure to mining and energy projects through consulting services. The mining division had provided contracted mining services. The rail division services and maintains passenger rolling stock, including locomotives and wagons.