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Darden Restaurants EBIT

: $-411 Mil (TTM As of Feb. 2021)
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Darden Restaurants's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2021 was $151 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2021 was $-411 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Darden Restaurants's annualized ROC % for the quarter that ended in Feb. 2021 was 5.92%. Darden Restaurants's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2021 was 9.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Darden Restaurants's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2021 was -1.79%.


Darden Restaurants EBIT Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Darden Restaurants Annual Data
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 623.30 678.80 767.60 836.30 -98.80

Darden Restaurants Quarterly Data
May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21
EBIT 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 Premium Member Only Premium Member Only Premium Member Only 278.40 -739.00 56.60 120.70 151.10

Darden Restaurants 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 Feb. 2021 was -739 (May. 2020 ) + 56.6 (Aug. 2020 ) + 120.7 (Nov. 2020 ) + 151.1 (Feb. 2021 ) = $-411 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.


Darden Restaurants  (NYSE:DRI) EBIT Explanation

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

Darden Restaurants's annualized ROC % for the quarter that ended in Feb. 2021 is calculated as:

ROC % (Q: Feb. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2020 ) + Invested Capital (Q: Feb. 2021 ))/ count )
=604.4 * ( 1 - 2.34% )/( (9944.7 + 9987.7)/ 2 )
=590.25704/9966.2
=5.92 %

where

Note: The Operating Income data used here is four times the quarterly (Feb. 2021) data.

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

Darden Restaurants's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2020  Q: Feb. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=604.4/( ( (6685.8 + max(-1213.7, 0)) + (6656.2 + max(-1340, 0)) )/ 2 )
=604.4/( ( 6685.8 + 6656.2 )/ 2 )
=604.4/6671
=9.06 %

where Working Capital is:

Working Capital(Q: Nov. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(46.2 + 203 + 83.2) - (419.3 + 439.9 + 686.9)
=-1213.7

Working Capital(Q: Feb. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(44 + 188.2 + 74.3) - (454.5 + 493.8 + 698.2)
=-1340

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2021) EBIT data.

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

Darden Restaurants's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2021 )
=-410.6/22953.071
=-1.79 %

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.


Darden Restaurants EBIT Related Terms


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