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InterContinental Hotels Group EBIT

: $656 Mil (TTM As of Jun. 2020)
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InterContinental Hotels Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2020 was $-214 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2020 was $656 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. InterContinental Hotels Group's annualized ROC % for the quarter that ended in Jun. 2020 was 1.70%. InterContinental Hotels Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was -59.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. InterContinental Hotels Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was 5.16%.


InterContinental Hotels Group 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.

InterContinental Hotels Group Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,504.00 718.00 744.00 577.00 656.00

InterContinental Hotels Group Semi-Annual Data
Dec11 Mar12 Jun12 Sep12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
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 350.00 227.00 435.00 221.00 -214.00

InterContinental Hotels 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 semi-annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Jun. 2020 was $656 Mil.

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


InterContinental Hotels Group  (NYSE:IHG) EBIT Explanation

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

InterContinental Hotels Group's annualized ROC % for the quarter that ended in Jun. 2020 is calculated as:

ROC % (Q: Jun. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2019 ) + Invested Capital (Q: Jun. 2020 ))/ count )
=92 * ( 1 - 23.64% )/( (4149 + 4120)/ 2 )
=70.2512/4134.5
=1.70 %

where

Note: The Operating Income data used here is two times the semi-annual (Jun. 2020) data.

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

InterContinental Hotels Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2019  Q: Jun. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-428/( ( (799 + max(-499, 0)) + (631 + max(-202, 0)) )/ 2 )
=-428/( ( 799 + 631 )/ 2 )
=-428/715
=-59.86 %

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)
=(514 + 6 + 216) - (279 + 0 + 956)
=-499

Working Capital(Q: Jun. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(507 + 5 + 62) - (408 + 0 + 368)
=-202

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2020) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2020 )
=656/12710.526
=5.16 %

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


InterContinental Hotels Group EBIT Related Terms


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