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Diamond Resorts International (Diamond Resorts International) EBIT : $293 Mil (TTM As of Jun. 2016)


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What is Diamond Resorts International EBIT?

Diamond Resorts International's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2016 was $59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $293 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Diamond Resorts International's annualized ROC % for the quarter that ended in Jun. 2016 was 9.06%. Diamond Resorts International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was 173.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Diamond Resorts International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was 13.89%.


Diamond Resorts International EBIT Historical Data

The historical data trend for Diamond Resorts International'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.

Diamond Resorts International EBIT Chart

Diamond Resorts International Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
EBIT
Get a 7-Day Free Trial 82.80 95.49 91.88 199.80 291.13

Diamond Resorts International Quarterly Data
Dec10 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 Premium Member Only Premium Member Only Premium Member Only 73.89 79.08 83.62 71.45 58.70

Competitive Comparison of Diamond Resorts International's EBIT

For the Resorts & Casinos subindustry, Diamond Resorts International'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.


Diamond Resorts International's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Diamond Resorts International's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Diamond Resorts International's EV-to-EBIT falls into.



Diamond Resorts International 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 Jun. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $293 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.


Diamond Resorts International  (NYSE:DRII) EBIT Explanation

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

Diamond Resorts International's annualized ROC % for the quarter that ended in Jun. 2016 is calculated as:

ROC % (Q: Jun. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2016 ) + Invested Capital (Q: Jun. 2016 ))/ count )
=234.472 * ( 1 - 41.75% )/( (1502.12 + 1513.401)/ 2 )
=136.57994/1507.7605
=9.06 %

where

Invested Capital(Q: Mar. 2016 )
=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))
=2091.61 - 361.344 - ( 228.146 - max(0, 595.875 - 1224.599+228.146))
=1502.12

Invested Capital(Q: Jun. 2016 )
=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))
=2097.006 - 354.764 - ( 228.841 - max(0, 579.222 - 1614.378+228.841))
=1513.401

Note: The Operating Income data used here is four times the quarterly (Jun. 2016) data.

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

Diamond Resorts International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2016  Q: Jun. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=234.804/( ( (102.878 + max(-336.518, 0)) + (105.975 + max(62.376, 0)) )/ 2 )
=234.804/( ( 102.878 + 168.351 )/ 2 )
=234.804/135.6145
=173.14 %

where Working Capital is:

Working Capital(Q: Mar. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 259.357) - (361.344 + 234.531 + 0)
=-336.518

Working Capital(Q: Jun. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 5.729 + 635.869) - (354.764 + 224.458 + 0)
=62.376

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2016) EBIT data.

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

Diamond Resorts International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2016 )
=292.855/2107.660
=13.89 %

* 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.


Diamond Resorts International EBIT Related Terms

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Diamond Resorts International (Diamond Resorts International) Business Description

Traded in Other Exchanges
N/A
Address
Diamond Resorts International Inc was incorporated as a Delaware corporation on January 11, 2013. The Company provides hospitality and vacation ownership services. The Company has an ownership base of more than 527,000 owner-families, or members, and a network of 307 vacation destinations located in 33 countries throughout the continental United States (U.S.), Hawaii, Canada, Mexico, the Caribbean, Central America, South America, Europe, Asia, Australia and Africa. Its resort network includes 93 resort properties with approximately 11,000units that they manage and 210 affiliated resorts and hotels and four cruise itineraries. The Company offers Vacations of a LifetimeTM--a simple way to acquire a lifetime of vacations at top destinations worldwide. The Company also manages seven multi-resort trusts. The Company operates the front desks, provide housekeeping, conduct maintenance and manage human resources services. It also operates, or outsource the operation of, amenities such as golf courses, food and beverage venues and retail shops, and the company provides an online reservation system, a customer service contact center, rental services, billing services, account collections, accounting and treasury functions and communications and information technology services. In addition to resort services, key components of its business are the Clubs, which enable its members to use their points to stay at resorts in its network. The Clubs offer its members a range of other benefits, such as the opportunity to purchase various products and services including consumer electronics, home appliances and insurance products from third parties at discounted prices. The Company's clubs include THE Club, which is the primary Club sold, and provides members access to all resorts in its network and offers the full range of member services, as well as other Clubs that enable their members to use their points to stay at specified resorts in its network and provide their members with a more limited offering of benefits. The Company refers to THE Club and other Club offerings as "the Clubs." . The vacation ownership industry enables individuals and families to purchase VOIs, which facilitates shared ownership and use of fully-furnished vacation accommodations at a particular resort or network of resorts. The Company markets and sells VOIs that provide access to its network of 93 Diamond Resorts managed resorts and 210 affiliated resorts and hotels and four cruise itineraries. The Company provides loans to eligible customers who purchase VOIs through its U.S., Mexican and St. Maarten sales centers and choose to finance their purchase. In marketing and selling VOIs, the company competes against the vacation ownership divisions of several established hospitality companies. These companies include Bluegreen Corporation, Disney (Disney Vacation Club), Four Seasons Resorts and Hotels, Hilton (Hilton Grand Vacations), Marriott Vacations Worldwide Corporation
Executives
Richard M Daley director THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Hope S Taitz director C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Jeffrey W Jones director P O BOX 7, VAIL CO 81658
David J Berkman director 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
B. Scott Minerd director 2455 CORPORATE WEST DRIVE, LISLE IL 60532