Capri Holdings (NYSE:CPRI) EBIT

: $681 Mil (TTM As of Jun. 2023)

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Capri Holdings's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $681 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Capri Holdings's annualized ROC % for the quarter that ended in Jun. 2023 was 4.78%. Capri Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 12.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Capri Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 7.14%.

Capri Holdings EBIT Historical Data

The historical data trend for Capri 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.

Capri Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

659.00

558.00

367.00

1,018.00

837.00

Capri Holdings Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT																234.00	266.00	242.00	95.00	78.00

Capri 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $681 Mil.

Capri Holdings (NYSE:CPRI) EBIT Explanation

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

Capri Holdings's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	312 * ( 1 - 4% )	/	( (6199	+	6333)	/ 2 )
=	299.52	/	6266
=	4.78 %

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	))
=	7295	-	847	-	( 249	-	max(0, 1450	-	1870	+	249	))
=	6199

	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	))
=	7409	-	838	-	( 238	-	max(0, 1448	-	1920	+	238	))
=	6333

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.

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

Capri Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	312	/	( ( (1882 + max(628, 0))	+	(1910 + max(676, 0)) )	/	2 )
=	312	/	( ( 2510	+	2586 )	/	2 )
=	312	/	2548
=	12.24 %

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)
=	(412	+	1057	+	175)	-	(847	+	32	+	137)
=	628

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(336	+	1166	+	193)	-	(838	+	32	+	149)
=	676

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	681	/	9537.302
	=	7.14 %

Capri Holdings EBIT Related Terms

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Capri Holdings (NYSE:CPRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Capri Holdings Ltd (NYSE:CPRI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

MKO:Germany CAPH34:Brazil

Address

90 Whitfield Street, 2nd Floor, London, GBR, W1T 4EZ

Website

https://www.capriholdings.com

Michael Kors, Versace, and Jimmy Choo are the brands of Capri Holdings, a marketer, distributor, and retailer of upscale accessories and apparel. Michael Kors, Capri's largest brand, offers handbags, footwear, and apparel through more than 800 company-owned stores, wholesale, and e-commerce. Versace (acquired in 2018) is known for its ready-to-wear luxury fashion, while Jimmy Choo (acquired in 2017) is best known for women's luxury footwear. John Idol has served as CEO since 2003.

Executives

Cedric Wilmotte	officer: CEO - Michael Kors	C/O CAPRI HOLDINGS LIMITED, 90 WHITFIELD STREET, 2ND FLOOR, LONDON X0 W1T 4EZ
Mahesh Madhavan	director	C/O CAPRI HOLDINGS LIMITED, 90 WHITFIELD STREET, 2ND FLOOR, LONDON X0 W1T 4EZ
Joshua Schulman	officer: CEO - Michael Kors	603 WEST 50TH STREET, NEW YORK X1 10019
Marilyn C Crouther	director	1902 RESTON METRO PLAZA, RESTON VA 20190
Jenna Hendricks	officer: SVP, Chief People Officer	33 KINGSWAY, LONDON X0 WC2B 6UF
Daniel Purefoy	officer: SVP, Global Ops	33 KINGSWAY, LONDON X0 WC2B 6UF
Ann Mclaughlin Korologos	director	PO BOX 3599, BATTLECREEK MI 49016-3599
Freestone Robin Anthony David	director	33 KINGSWAY, LONDON X0 WC2B 6UF
Jean Tomlin	director	C/O MICHAEL KORS (USA), INC., 11 WEST 42ND STREET, NEW YORK NY 10036
Thomas Jr. Edwards	officer: EVP, CFO, COO & Treasurer	6820 LBJ FREEWAY, DALLAS TX 75240
Krista A Mcdonough	officer: SVP, General Counsel	33 KINGSWAY, LONDON X0 WC2B 6UF
Cathy Marie Robinson	officer: SVP, Corp Str & Ch Ops Off	C/O MICHAEL KORS (USA), INC., 11 WEST 42ND STREET, NEW YORK NY 10036
Michael David Kors	director, officer: Hon Chair & Chief Creative Off	C/O MICHAEL KORS (USA), INC., 11 WEST 42ND STREET, ATTN. LEE SPORN, NEW YORK NY 10036
Jane A. Thompson	director	C/O MICHAEL KORS (USA), INC., 11 WEST 42ND STREET, NEW YORK NY 10036
John D Idol	director, officer: Chairman & CEO	650 MADISON AVE, NEW YORK NY 10022