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Dolby Laboratories EBIT

: $263 Mil (TTM As of Mar. 2020)
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Dolby Laboratories's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2020 was $111 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2020 was $263 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dolby Laboratories's annualized ROC % for the quarter that ended in Mar. 2020 was 18.65%. Dolby Laboratories's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2020 was 68.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dolby Laboratories's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2020 was 5.67%.


Dolby Laboratories EBIT Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Dolby Laboratories Annual Data
Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 245.97 236.03 255.27 196.57 282.48

Dolby Laboratories Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 110.03 41.83 56.32 54.53 110.80

Dolby Laboratories 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. 2020 was 41.829 (Jun. 2019 ) + 56.315 (Sep. 2019 ) + 54.526 (Dec. 2019 ) + 110.804 (Mar. 2020 ) = $263 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Dolby Laboratories  (NYSE:DLB) EBIT Explanation

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

Dolby Laboratories's annualized ROC % for the quarter that ended in Mar. 2020 is calculated as:

ROC % (Q: Mar. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2019 ) + Invested Capital (Q: Mar. 2020 ))/ count )
=422.456 * ( 1 - 19.95% )/( (1784.249 + 1841.969)/ 2 )
=338.176028/1813.109
=18.65 %

where

Invested Capital(Q: Dec. 2019 )
=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))
=2893.284 - 197.372 - ( 911.663 - max(0, 293.459 - 1401.008+911.663))
=1784.249

Invested Capital(Q: Mar. 2020 )
=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))
=2944.833 - 203.074 - ( 899.79 - max(0, 307.254 - 1459.572+899.79))
=1841.969

Note: The Operating Income data used here is four times the quarterly (Mar. 2020) data.

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

Dolby Laboratories's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2019  Q: Mar. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=443.216/( ( (620.566 + max(5.855, 0)) + (630.466 + max(46.202, 0)) )/ 2 )
=443.216/( ( 626.421 + 676.668 )/ 2 )
=443.216/651.5445
=68.03 %

where Working Capital is:

Working Capital(Q: Dec. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(191.001 + 29.104 + 63.605) - (197.372 + 19.785 + 60.698)
=5.855

Working Capital(Q: Mar. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(247.043 + 28.331 + 60.669) - (203.074 + 19.745 + 67.022)
=46.202

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2020) EBIT data.

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

Dolby Laboratories's Earnings Yield (Joel Greenblatt) %for the quarter that ended in Mar. 2020 is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2020 )
=263.474/4643.33787
=5.67 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Dolby Laboratories EBIT Related Terms


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