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Premier Investments (ASX:PMV) EBIT : A$385 Mil (TTM As of Jan. 2024)


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What is Premier Investments EBIT?

Premier Investments's earnings before interest and taxes (EBIT) for the six months ended in Jan. 2024 was A$242 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was A$385 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Premier Investments's annualized ROC % for the quarter that ended in Jan. 2024 was 15.04%. Premier Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 84.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Premier Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 8.25%.


Premier Investments EBIT Historical Data

The historical data trend for Premier Investments'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.

Premier Investments EBIT Chart

Premier Investments Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 159.43 200.84 384.48 395.92 387.95

Premier Investments Semi-Annual Data
Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 231.41 164.51 245.34 142.61 242.18

Competitive Comparison of Premier Investments's EBIT

For the Apparel Retail subindustry, Premier Investments'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.


Premier Investments's EV-to-EBIT Distribution in the Retail - Cyclical Industry

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

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



Premier Investments 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 Jan. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$385 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.


Premier Investments  (ASX:PMV) EBIT Explanation

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

Premier Investments's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=411.866 * ( 1 - 25.63% )/( (2039.546 + 2034.389)/ 2 )
=306.3047442/2036.9675
=15.04 %

where

Invested Capital(Q: Jul. 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))
=2518.129 - 127.264 - ( 418.224 - max(0, 335.996 - 687.315+418.224))
=2039.546

Invested Capital(Q: Jan. 2024 )
=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))
=2568.066 - 147.328 - ( 478.26 - max(0, 347.754 - 734.103+478.26))
=2034.389

Note: The Operating Income data used here is two times the semi-annual (Jan. 2024) data.

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

Premier Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=484.358/( ( (518.234 + max(73.462, 0)) + (508.115 + max(46.609, 0)) )/ 2 )
=484.358/( ( 591.696 + 554.724 )/ 2 )
=484.358/573.21
=84.50 %

where Working Capital is:

Working Capital(Q: Jul. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 231.157 + 25.256) - (127.264 + 16.182 + 39.505)
=73.462

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.285 + 221.576 + 13.982) - (147.328 + 8.133 + 53.773)
=46.609

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jan. 2024) EBIT data.

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

Premier Investments's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2024 )
=384.788/4663.122
=8.25 %

* 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.


Premier Investments EBIT Related Terms

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Premier Investments (ASX:PMV) Business Description

Traded in Other Exchanges
N/A
Address
417 St Kilda Road, Level 7, Melbourne, VIC, AUS, 3004
Premier Investments is an Australian company that operates six speciality retail fashion chains in the speciality retail fashion markets in Australia and New Zealand. It also operates the unique Smiggle brand, retailing children's stationery in Australia and overseas markets. Premier Investments has a separate business division that focuses on investment in listed securities and money market deposits.

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