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Western Digital EBIT

: $-766 Mil (TTM As of Dec. 2019)
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Western Digital's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2019 was $65 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2019 was $-766 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Western Digital's annualized ROC % for the quarter that ended in Dec. 2019 was 5.03%. Western Digital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2019 was 6.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Western Digital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2019 was -3.00%.


Western Digital 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.

Western Digital Annual Data
Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,626.00 419.00 1,616.00 2,761.00 182.00

Western Digital Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 199.00 -359.00 -357.00 -115.00 65.00

Western Digital 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 Dec. 2019 was -359 (Mar. 2019 ) + -357 (Jun. 2019 ) + -115 (Sep. 2019 ) + 65 (Dec. 2019 ) = $-766 Mil.

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


Western Digital  (NAS:WDC) EBIT Explanation

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

Western Digital's annualized ROC % for the quarter that ended in Dec. 2019 is calculated as:

ROC %(Q: Dec. 2019 )
=NOPAT/Average Invested Capital
=Operating Income*(1-Tax Rate)/( (Invested Capital (Q: Sep. 2019 ) + Invested Capital (Q: Dec. 2019 ))/2)
=236 * ( 1 - -247.5% )/( (16530 + 16075)/2)
=820.1/16302.5
=5.03 %

where

Invested Capital(Q: Sep. 2019 )
=Book Value of Debt + Book Value of Equity - Cash
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation + Total Stockholders Equity - Cash
=9961 + 251 + 9566 - 3248
=16530

Invested Capital(Q: Dec. 2019 )
=Book Value of Debt + Book Value of Equity - Cash
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation + Total Stockholders Equity - Cash
=9547 + 286 + 9379 - 3137
=16075

Note: The Operating Income data used here is four times the quarterly (Dec. 2019) operating income data.

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

Western Digital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2019 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2019  Q: Dec. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/2 )
=260/( ( (2796 + max(1215, 0)) + (2722 + max(1294, 0)) )/2 )
=260/( ( 4011 + 4016 )/2 )
=260/4013.5
=6.48 %

where Working Capital is:

Working Capital(Q: Sep. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1448 + 3287 + 517) - (3605 + 0 + 432)
=1215

Working Capital(Q: Dec. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1791 + 3122 + 577) - (3659 + 0 + 537)
=1294

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2019) EBIT data.

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

Western Digital's Earnings Yield (Joel Greenblatt) %for the quarter that ended in Dec. 2019 is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2019 )
=-766/25572.29535
=-3.00 %

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


Western Digital EBIT Related Terms


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