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Douglas Elliman (Douglas Elliman) EBIT : $-63.2 Mil (TTM As of Mar. 2024)


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What is Douglas Elliman EBIT?

Douglas Elliman's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-23.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-63.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Douglas Elliman's annualized ROC % for the quarter that ended in Mar. 2024 was -26.44%. Douglas Elliman's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -64.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Douglas Elliman's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -39.56%.


Douglas Elliman EBIT Historical Data

The historical data trend for Douglas Elliman'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.

Douglas Elliman EBIT Chart

Douglas Elliman Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -3.48 13.52 102.10 -4.54 -62.12

Douglas Elliman Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -22.60 -7.79 -8.61 -23.13 -23.71

Competitive Comparison of Douglas Elliman's EBIT

For the Real Estate Services subindustry, Douglas Elliman'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.


Douglas Elliman's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Douglas Elliman's EV-to-EBIT distribution charts can be found below:

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



Douglas Elliman 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-63.2 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.


Douglas Elliman  (NYSE:DOUG) EBIT Explanation

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

Douglas Elliman's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-94.856 * ( 1 - -2.95% )/( (365.784 + 372.996)/ 2 )
=-97.654252/369.39
=-26.44 %

where

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))
=493.419 - 43.609 - ( 119.808 - max(0, 97.249 - 181.275+119.808))
=365.784

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Douglas Elliman's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-94.856/( ( (147.89 + max(-30.56, 0)) + (144.324 + max(-25.539, 0)) )/ 2 )
=-94.856/( ( 147.89 + 144.324 )/ 2 )
=-94.856/146.107
=-64.92 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21.809 + 0 + 22.645) - (43.609 + 11.234 + 20.171)
=-30.56

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.828 + 0 + 26.519) - (25.808 + 14.081 + 31.997)
=-25.539

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Douglas Elliman's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-63.236/159.866
=-39.56 %

* 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.


Douglas Elliman EBIT Related Terms

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Douglas Elliman (Douglas Elliman) Business Description

Traded in Other Exchanges
Address
4400 Biscayne Boulevard, Miami, FL, USA, 33137
Douglas Elliman Inc is a real estate company. It offers sales, rentals, and new development to mortgages and title insurance, among other services related to real estate. Business is engaged in two operating segments Real Estate Brokerage and Corporate and other. The firm generates income from Commission and other brokerage revenue from existing home sales, Commission and other brokerage income from development marketing, Property management revenue and Title fees.
Executives
Richard Lampen director, officer: See Remarks 4400 BISCAYNE BLVD.; 10TH FLOOR, MIAMI FL 33137
Ronald J Kramer director 712 FIFTH AVENUE, NEW YORK NY 10019
Howard M Lorber director, officer: Chairman, President & CEO 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Michael Liebowitz director 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Lisa M. Seligman officer: See Remarks 4400 BISCAYNE BLVD, MIAMI FL 33137
Kirkland J Bryant Iii officer: SVP, Treasurer & CFO 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
New Valley Corp 10 percent owner, other: See Remarks INTERNATIONAL PLACE, 100 SE SECOND STREET, MIAMI FL 33131
Vector Group Ltd 10 percent owner, other: See Remarks 4400 BISCAYNE BOULEVARD, 10TH FLOOR, MIAMI FL 33137
James D Ballard officer: See Remarks 4400 BISCAYNE BLVD., TENTH FLOOR, MIAMI FL 33137
Marc N Bell officer: See Remarks 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Wilson White director C/O VECTOR GROUP LTD, 4400 BISCAYNE BLVD; 10TH FLOOR, MIAMI FL 33137
Daniel A. Sachar officer: See Remarks 4400 BISCAYNE BLVD, MIAMI FL 33137
Karen J. Chesleigh officer: See Remarks 4400 BISCAYNE BLVD, MIAMI FL 33137
Stephen T. Larkin officer: See Remarks 4400 BISCAYNE BLVD, MIAMI FL 33137
Lynn Mestel director 4400 BISCAYNE BLVD, MIAMI FL 33137

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