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Harvey Norman Holdings (Harvey Norman Holdings) EBIT : $395 Mil (TTM As of Dec. 2023)


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What is Harvey Norman Holdings EBIT?

Harvey Norman Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $207 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $395 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harvey Norman Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 1.77%. Harvey Norman Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 25.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Harvey Norman Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.77%.


Harvey Norman Holdings EBIT Historical Data

The historical data trend for Harvey Norman Holdings'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.

Harvey Norman Holdings EBIT Chart

Harvey Norman Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 418.99 469.67 911.16 808.75 548.62

Harvey Norman Holdings 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 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 441.35 375.16 363.02 187.55 207.07

Competitive Comparison of Harvey Norman Holdings's EBIT

For the Specialty Retail subindustry, Harvey Norman Holdings'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.


Harvey Norman Holdings's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Harvey Norman Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Harvey Norman Holdings's EV-to-EBIT falls into.



Harvey Norman Holdings 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 $395 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.


Harvey Norman Holdings  (OTCPK:HNORY) EBIT Explanation

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

Harvey Norman Holdings'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 )
=117.734 * ( 1 - 28.49% )/( (4765.346 + 4723.202)/ 2 )
=84.1915834/4744.274
=1.77 %

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))
=5148.88 - 236.722 - ( 146.812 - max(0, 495.747 - 1228.615+146.812))
=4765.346

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))
=5259.802 - 305.604 - ( 230.996 - max(0, 585.825 - 1278.997+230.996))
=4723.202

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:

Harvey Norman Holdings'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 )
=414.134/( ( (965.117 + max(706.092, 0)) + (971.467 + max(609.079, 0)) )/ 2 )
=414.134/( ( 1671.209 + 1580.546 )/ 2 )
=414.134/1625.8775
=25.47 %

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)
=(640.201 + 366.213 + 49.06) - (236.722 + 87.582 + 25.078)
=706.092

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(583.353 + 409.376 + 55.272) - (305.604 + 9.419 + 123.899)
=609.079

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:

Harvey Norman Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=394.619/5081.356
=7.77 %

* 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.


Harvey Norman Holdings EBIT Related Terms

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Harvey Norman Holdings (Harvey Norman Holdings) Business Description

Traded in Other Exchanges
Address
A1 Richmond Road, Homebush West, Sydney, NSW, AUS, 2140
Harvey Norman Holdings Ltd is the franchisor of Harvey Norman, a leading Australia-based retailer that sells goods from the electrical, computer, furniture, entertainment, and bedding sectors. The majority of earnings are generated in Australia, with the international divisions gradually growing in significance.

Harvey Norman Holdings (Harvey Norman Holdings) Headlines

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