Switch to:

# EBIT

: \$ Mil (TTM As of . 20)
View and export this data going back to 1990. Start your Free Trial

's earnings before interest and taxes (EBIT) for the six months ended in . 20 was \$0.00 Mil.

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

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

## EBIT Historical Data

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

 Annual Data EBIT

 Semi-Annual Data EBIT

## 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 . 20 was \$ Mil.

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

(:) EBIT Explanation

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

's annualized ROC % for the quarter that ended in . 20 is calculated as:

 ROC % (Q: . 20 ) = NOPAT / Average Invested Capital = Operating Income * ( 1 - Tax Rate % ) / ( (Invested Capital (Q: . 20 ) + Invested Capital (Q: . 20 )) / count ) = * ( 1 - % ) / ( ( + ) / ) = / = %

where

 Invested Capital (Q: . 20 ) = Book Value of Debt + Book Value of Equity - Cash = Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation + Minority Interest + Total Stockholders Equity - Cash, Cash Equivalents, Marketable Securities = + + + - =

 Invested Capital (Q: . 20 ) = Book Value of Debt + Book Value of Equity - Cash = Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation + Minority Interest + Total Stockholders Equity - Cash, Cash Equivalents, Marketable Securities = + + + - =

Note: The Operating Income data used here is one times the annual (. 20) data.

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

's annualized ROC (Joel Greenblatt) % for the quarter that ended in . 20 is calculated as:

 ROC (Joel Greenblatt) % (Q: . 20 ) = EBIT / Average of (Net fixed Assets + Net Working Capital) = EBIT / Average of (Property, Plant and Equipment + Net Working Capital) Q: . 20 Q: . 20 = EBIT / ( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) ) / count ) = / ( ( ( + max(, 0)) + ( + max(, 0)) ) / ) = / ( ( + ) / ) = / = %

where Working Capital is:

 Working Capital (Q: . 20 ) = (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities) = ( + + ) - ( + + ) =

 Working Capital (Q: . 20 ) = (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities) = ( + + ) - ( + + ) =

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (. 20) EBIT data.

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

's Earnings Yield (Joel Greenblatt) %for the quarter that ended in . 20 is calculated as:

 Earnings Yield (Joel Greenblatt) % = EBIT (TTM) / Enterprise Value (Q: . 20 ) = / = %

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

## EBIT Related Terms

From GuruFocus ###### Experion Holdings Announces AGM to be Hosted Virtually

By [email protected] about 2020-04-02 11:00:16 By [email protected] about 2020-04-02 11:00:09 ###### First Mining Announces Board Changes and Appointment of Vice President, Investor Relations

By [email protected] about 2020-04-02 07:00:04 ###### World-Class Acquires Controlling Interest in Pineapple Express Cannabis Delivery

By [email protected] about 2020-04-01 23:00:05

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)