Daily Journal (Daily Journal) EBIT : $24.52 Mil (TTM As of Dec. 2023)

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What is Daily Journal EBIT?

Daily Journal's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $16.88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $24.52 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Daily Journal's annualized ROC % for the quarter that ended in Dec. 2023 was 1.91%. Daily Journal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 717.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Daily Journal's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.31%.

Daily Journal EBIT Historical Data

The historical data trend for Daily Journal'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.

Daily Journal EBIT Chart

Daily Journal Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

Get a 7-Day Free Trial

-30.52

4.78

153.38

-101.44

32.43

Daily Journal Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															24.80	14.33	1.57	-8.26	16.88

Competitive Comparison of Daily Journal's EBIT

For the Software - Application subindustry, Daily Journal'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.

Daily Journal's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Daily Journal's EV-to-EBIT distribution charts can be found below:

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

Daily Journal 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $24.52 Mil.

Daily Journal (NAS:DJCO) EBIT Explanation

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

Daily Journal's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	0.812 * ( 1 - 19.85% )	/	( (35.152	+	33.039)	/ 2 )
=	0.650818	/	34.0955
=	1.91 %

where

	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	))
=	354.86	-	16.501	-	( 324.166	-	max(0, 42.198	-	345.405	+	324.166	))
=	35.152

	Invested Capital		(Q: Dec. 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	))
=	357.363	-	11.051	-	( 332.25	-	max(0, 34.709	-	347.982	+	332.25	))
=	33.039

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

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

Daily Journal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	67.528	/	( ( (9.455 + max(-20.801, 0))	+	(9.381 + max(-18.838, 0)) )	/	2 )
=	67.528	/	( ( 9.455	+	9.381 )	/	2 )
=	67.528	/	9.418
=	717.01 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(18.687	+	0.072	+	2.48)	-	(16.501	+	25.539	+	-7.105427357601E-15)
=	-20.801

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12.742	+	0.058	+	2.911)	-	(11.051	+	23.498	+	0)
=	-18.838

When net working capital is negative, 0 is used.

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

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

Daily Journal's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	24.516	/	216.817
	=	11.31 %

Daily Journal EBIT Related Terms

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Daily Journal (Daily Journal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Daily Journal Corp (NAS:DJCO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

DJ1:Germany

Address

915 East First Street, Los Angeles, CA, USA, 90012

Website

https://www.dailyjournal.com

Daily Journal Corp publishes newspapers and websites covering California and Arizona and produces several specialized information services. The company operates in two segments: Traditional business and Journal Technologies. It also serves as a newspaper representative specializing in public notice advertising. The majority of revenue is generated from the Journal Technologies segment.

Executives

Gerald L Salzman	director, officer: Chief Executive Officer	C/O DAILY JOURNAL, 915 E. FIRST STREET, LOS ANGELES CA 90012
Guerin John Patrick Et Al	director, 10 percent owner	355 SOUTH GRAND AVENUE, 34TH FLOOR, LOS ANGELES CA 90071-1560
Mary Conlin	director	P.O. BOX 1516, PACIFIC PALISADES CA 90272
Charles T Munger	director, 10 percent owner, officer: Chairman	355 S GRAND AV, 34TH FL, LOS ANGELES CA 90071
Munger, Marshall & Co., A California Limited Partnership	10 percent owner	355 SOUTH GRAND AVENUE, 34TH FLOOR, LOS ANGELES CA 90071