Diamond S Shipping Group (Diamond S Shipping Group) EBIT : $ Mil (TTM As of Mar. 2013)

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What is Diamond S Shipping Group EBIT?

Diamond S Shipping Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2013 was $44.44 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Diamond S Shipping Group's annualized ROC % for the quarter that ended in Mar. 2013 was 3.67%. Diamond S Shipping Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2013 was 4.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Diamond S Shipping Group EBIT Historical Data

The historical data trend for Diamond S Shipping 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.

Diamond S Shipping Group EBIT Chart

Diamond S Shipping Group Annual Data

Trend

Mar12

Mar13

EBIT

8.27

44.44

Diamond S Shipping Group Semi-Annual Data
	Mar12	Mar13
EBIT	8.27	44.44

Competitive Comparison of Diamond S Shipping Group's EBIT

For the Marine Shipping subindustry, Diamond S Shipping 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.

Diamond S Shipping Group's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Diamond S Shipping Group's EV-to-EBIT distribution charts can be found below:

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

Diamond S Shipping 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Mar. 2013 was $ Mil.

Diamond S Shipping Group (NYSE:DSG) EBIT Explanation

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

Diamond S Shipping Group's annualized ROC % for the quarter that ended in Mar. 2013 is calculated as:

	ROC % (Q: Mar. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2012 )	+	Invested Capital (Q: Mar. 2013 ))	/ count )
=	44.381 * ( 1 - 0% )	/	( (1236.018	+	1184.364)	/ 2 )
=	44.381	/	1210.191
=	3.67 %

where

	Invested Capital		(Q: Mar. 2012 )
=	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	))
=	1225.534	-	10.965	-	( 49.514	-	max(0, 81.354	-	59.905	+	49.514	))
=	1236.018

	Invested Capital		(Q: Mar. 2013 )
=	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	))
=	1168.143	-	13.685	-	( 38.772	-	max(0, 87.209	-	57.303	+	38.772	))
=	1184.364

Note: The Operating Income data used here is one times the annual (Mar. 2013) data.

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

Diamond S Shipping Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2012		Q: Mar. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	44.439	/	( ( (1064.619 + max(-13.541, 0))	+	(1020.034 + max(-11.02, 0)) )	/	2 )
=	44.439	/	( ( 1064.619	+	1020.034 )	/	2 )
=	44.439	/	1042.3265
=	4.26 %

where Working Capital is:

	Working Capital		(Q: Mar. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.717	+	3.2	+	2.958)	-	(10.965	+	6.163	+	4.288)
=	-13.541

	Working Capital		(Q: Mar. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.285	+	6.466	+	2.265)	-	(13.685	+	6.788	+	4.563)
=	-11.02

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2013) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2013 )
	=		/	605.567
	=	%

Diamond S Shipping Group EBIT Related Terms

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Diamond S Shipping Group (Diamond S Shipping Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Diamond S Shipping Group Inc (NYSE:DSG) » Definitions » EBIT

Comparable Companies

PRGNF TEUFF BSTN TOPS RLOG DRYS ESEA GTMAY PXS GLBS SHIP GNKOQ GSL NAO PANL NAP GASS NM DAC OSG

Traded in Other Exchanges

N/A

Address

Website

http://www.diamondsshipping.com

Diamond S Shipping Group Inc, is incorporated in Marshall Islands on July 31, 2013. The Company provides seaborne transportation of refined petroleum and other products in the international shipping markets. The Company is the owners and operators of medium range, or MR, product tankers. The Company's fleet currently consists of 33 MR product tankers built at Korean and Japanese shipyards. The Company competes on basis of price, vessel location, size, age and condition of the vessel. The Company is subject to various international conventions, national, state and local laws and regulations in the countries in which its vessels may operate or are registered.