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Zurich Insurance Co (JSE:ZSA) EBIT : R-232 Mil (TTM As of Dec. 2013)


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What is Zurich Insurance Co EBIT?

Zurich Insurance Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2013 was R-232 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2013 was R-232 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zurich Insurance Co's annualized ROC % for the quarter that ended in Dec. 2013 was -3.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zurich Insurance Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was -8.27%.


Zurich Insurance Co EBIT Historical Data

The historical data trend for Zurich Insurance Co'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.

Zurich Insurance Co EBIT Chart

Zurich Insurance Co Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
EBIT
Get a 7-Day Free Trial Premium Member Only -253.30 205.91 222.00 -10.32 -231.71

Zurich Insurance Co Semi-Annual Data
Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
EBIT Get a 7-Day Free Trial Premium Member Only -253.30 205.91 222.00 -10.32 -231.71

Competitive Comparison of Zurich Insurance Co's EBIT

For the Insurance - Property & Casualty subindustry, Zurich Insurance Co'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.


Zurich Insurance Co's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zurich Insurance Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zurich Insurance Co's EV-to-EBIT falls into.



Zurich Insurance Co 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2013 was R-232 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.


Zurich Insurance Co  (JSE:ZSA) EBIT Explanation

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

Zurich Insurance Co's annualized ROC % for the quarter that ended in Dec. 2013 is calculated as:

ROC % (Q: Dec. 2013 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2012 ) + Invested Capital (Q: Dec. 2013 ))/ count )
=-231.712 * ( 1 - 34.92% )/( (3988.79205 + 3653.29585)/ 2 )
=-150.7981696/3821.04395
=-3.95 %

where

Invested Capital(Q: Dec. 2012 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=5051.682 - 620.801 - ( 611.945 - 5% * 3397.121 )
=3988.79205

Invested Capital(Q: Dec. 2013 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=5057.588 - 895.52 - ( 693.279 - 5% * 3690.137 )
=3653.29585

Note: The EBIT data used here is one times the annual (Dec. 2013) data.

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

Zurich Insurance Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2013 )
=-231.712/2801.285
=-8.27 %

* 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.


Zurich Insurance Co EBIT Related Terms

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Zurich Insurance Co (JSE:ZSA) Business Description

Traded in Other Exchanges
N/A
Address
Zurich Insurance Co SA Ltd, a short-term insurance Company, was founded on 1965. The Company offers insurance products and services for individual, commercial and corporate customers. It provides short-term insurance, operating across corporate, commercial and domestic markets and markets its products through brokers and agents. It has a network of offices throughout South Africa. Its products consist of Body Corporate Insurance, Collectible Insurance, Commercial Insurance, Farmers Insurance, Flexiflite Insurance, Hospitality Insurance, Small and Medium Enterprises Insurance, Wineries Insurance, Home and Motor Insurance, Engineering Insurance, Marine Insurance and Travel Insurance. It provides services such as Fast Track Claims, Motor Assessing and Zurich Assist.

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