Compagnie Financiere Richemont (Compagnie Financiere Richemont) EBIT : $5,558 Mil (TTM As of Sep. 2023)

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What is Compagnie Financiere Richemont EBIT?

Compagnie Financiere Richemont's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $3,020 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $5,558 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Compagnie Financiere Richemont's annualized ROC % for the quarter that ended in Sep. 2023 was 21.88%. Compagnie Financiere Richemont's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 42.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Compagnie Financiere Richemont's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 6.83%.

Compagnie Financiere Richemont EBIT Historical Data

The historical data trend for Compagnie Financiere Richemont'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.

Compagnie Financiere Richemont EBIT Chart

Compagnie Financiere Richemont Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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3,750.28

1,535.91

2,019.05

3,448.24

5,402.57

Compagnie Financiere Richemont Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															2,628.24	987.89	2,649.51	2,537.47	3,020.28

Competitive Comparison of Compagnie Financiere Richemont's EBIT

For the Luxury Goods subindustry, Compagnie Financiere Richemont'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.

Compagnie Financiere Richemont's EV-to-EBIT Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Compagnie Financiere Richemont's EV-to-EBIT falls into.

Compagnie Financiere Richemont 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $5,558 Mil.

Compagnie Financiere Richemont (OTCPK:CFRHF) EBIT Explanation

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

Compagnie Financiere Richemont's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	5677.694 * ( 1 - 17.84% )	/	( (21546.038	+	21102.455)	/ 2 )
=	4664.7933904	/	21324.2465
=	21.88 %

where

	Invested Capital		(Q: Mar. 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	))
=	43776.231	-	2894.004	-	( 19632.762	-	max(0, 13177.73	-	32513.919	+	19632.762	))
=	21546.038

	Invested Capital		(Q: Sep. 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	))
=	43632.871	-	3513.34	-	( 19017.076	-	max(0, 12974.386	-	32161.153	+	19017.076	))
=	21102.455

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Compagnie Financiere Richemont's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	6040.554	/	( ( (7396.146 + max(6016.061, 0))	+	(7501.601 + max(7378.869, 0)) )	/	2 )
=	6040.554	/	( ( 13412.207	+	14880.47 )	/	2 )
=	6040.554	/	14146.3385
=	42.70 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(912.206	+	7597.43	+	3748.395)	-	(2894.004	+	0	+	3347.966)
=	6016.061

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2067.236	+	8235.859	+	2840.982)	-	(3513.34	+	0	+	2251.868)
=	7378.869

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

Compagnie Financiere Richemont's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	5557.75	/	81391.218
	=	6.83 %

Compagnie Financiere Richemont EBIT Related Terms

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Compagnie Financiere Richemont (Compagnie Financiere Richemont) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Compagnie Financiere Richemont SA (OTCPK:CFRHF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CFR:South Africa CFRUY:USA CFRI:Mexico CFRz:UK 0QMU:UK RIT1:Germany CFR:Switzerland

Address

50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, CHE, 1293

Website

https://www.richemont.com

Richemont is a luxury goods conglomerate with 20 brands. Jewellery and watch brands make up 85% of sales, but the group is also active in accessories, writing instruments, clothing and online luxury retail. Richemont's Jewellery Maisons, including Cartier and Van Cleef & Arpels, account for 67% of revenue and over 86% of profits. Its other brands include Vacheron Constantin, Piaget, Jaeger-LeCoultre, IWC Schaffhausen, Lange & Soehne, Officine Panerai, and Montblanc.