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Delhaize Group (Delhaize Group) EBIT : $839 Mil (TTM As of Mar. 2016)


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What is Delhaize Group EBIT?

Delhaize Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2016 was $214 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $839 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Delhaize Group's annualized ROC % for the quarter that ended in Mar. 2016 was 6.13%. Delhaize Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2016 was 18.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Delhaize Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2016 was 7.19%.

Delhaize Group EBIT Historical Data

The historical data trend for Delhaize Group'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.

Delhaize Group EBIT Chart

Delhaize Group Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,098.68 534.12 673.97 538.84 769.06

Delhaize Group Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 154.76 216.61 184.06 224.40 213.81

Competitive Comparison of Delhaize Group's EBIT

For the Grocery Stores subindustry, Delhaize Group'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.

Delhaize Group's EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Delhaize Group's EV-to-EBIT distribution charts can be found below:

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


Delhaize Group 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 Mar. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $839 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.

Delhaize Group  (NYSE:DEG) EBIT Explanation

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

Delhaize Group's annualized ROC % for the quarter that ended in Mar. 2016 is calculated as:

ROC % (Q: Mar. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2015 ) + Invested Capital (Q: Mar. 2016 ))/ count )
=850.78 * ( 1 - 24.83% )/( (10252.723 + 10622.495)/ 2 )
=639.531326/10437.609
=6.13 %

where

Invested Capital(Q: Dec. 2015 )
=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))
=14196.078 - 3321.351 - ( 1971.678 - max(0, 3824.619 - 4446.623+1971.678))
=10252.723

Invested Capital(Q: Mar. 2016 )
=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))
=13864.143 - 2426.503 - ( 1674.833 - max(0, 3457.684 - 4272.829+1674.833))
=10622.495

Note: The Operating Income data used here is four times the quarterly (Mar. 2016) data.

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

Delhaize Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2016 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2015  Q: Mar. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=855.232/( ( (4797.386 + max(-1324.619, 0)) + (4691.537 + max(-1538.975, 0)) )/ 2 )
=855.232/( ( 4797.386 + 4691.537 )/ 2 )
=855.232/4744.4615
=18.03 %

where Working Capital is:

Working Capital(Q: Dec. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(665.577 + 1607.843 + 133.987) - (3321.351 + 0 + 410.675)
=-1324.619

Working Capital(Q: Mar. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 1652.561 + 174.834) - (2426.503 + 0 + 939.867)
=-1538.975

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2016) EBIT data.

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

Delhaize Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2016 )
=838.883/11668.461
=7.19 %

* 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.

Delhaize Group EBIT Related Terms

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Delhaize Group (Delhaize Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Delhaize Group SA (NYSE:DEG) » Definitions » EBIT
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Traded in Other Exchanges
N/A
Address
Website
http://www.delhaizegroup.com
Delhaize Group SA was founded in Belgium in 1867. It operates food supermarkets. Its conducts its retail operations through its businesses in the United States; Belgium and the Grand Duchy of Luxembourg, collectively as Delhaize Belgium; Greece, Romania and Serbia, collectively as Southeastern Europe; and Indonesia. Its store network also includes other store formats such as proximity, cash and carry and specialty stores. Its competitors include international, national, regional and local supermarket chains, supercenters, independent grocery stores, specialty food stores, warehouse club stores, retail drug chains, convenience stores, membership clubs, general merchandisers, discount retailers and restaurants. Food retail chains generally compete on the basis of location, quality of products, service, price, product variety, store condition and e-commerce offer. The Company's brands include Delhaize, Taste of Inspirations, 365, Care, Delhaize Eco and Delhaize Bio.