Crown Resorts (ASX:CWNHB.PFD) EBIT : A$-326.60 Mil (TTM As of Dec. 2021)

View and export this data going back to 2007. Start your Free Trial

What is Crown Resorts EBIT?

Crown Resorts's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2021 was A$-228.10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2021 was A$-326.60 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Crown Resorts's annualized ROC % for the quarter that ended in Dec. 2021 was -6.72%. Crown Resorts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was -10.72%.

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

Crown Resorts EBIT Historical Data

The historical data trend for Crown Resorts'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.

Crown Resorts EBIT Chart

Crown Resorts Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

EBIT

Get a 7-Day Free Trial

2,075.40

820.30

615.90

161.00

-242.40

Crown Resorts Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
EBIT	Get a 7-Day Free Trial															318.20	-157.20	-143.90	-98.50	-228.10

Competitive Comparison of Crown Resorts's EBIT

For the Resorts & Casinos subindustry, Crown Resorts'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.

Crown Resorts's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Crown Resorts's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Crown Resorts's EV-to-EBIT falls into.

Crown Resorts 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. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-326.60 Mil.

Crown Resorts (ASX:CWNHB.PFD) EBIT Explanation

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

Crown Resorts's annualized ROC % for the quarter that ended in Dec. 2021 is calculated as:

	ROC % (Q: Dec. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2021 )	+	Invested Capital (Q: Dec. 2021 ))	/ count )
=	-577.8 * ( 1 - 25.33% )	/	( (6665.3	+	6171.1)	/ 2 )
=	-431.44326	/	6418.2
=	-6.72 %

where

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	7100.4	-	429.4	-	( 476	-	max(0, 1047.9	-	1053.6	+	476	))
=	6665.3

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	7071.8	-	372.9	-	( 747	-	max(0, 597.1	-	1124.9	+	747	))
=	6171.1

Note: The Operating Income data used here is two times the semi-annual (Dec. 2021) data.

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

Crown Resorts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2021		Q: Dec. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-456.2	/	( ( (4316.6 + max(-1.0000000000001, 0))	+	(4194.6 + max(-212.9, 0)) )	/	2 )
=	-456.2	/	( ( 4316.6	+	4194.6 )	/	2 )
=	-456.2	/	4255.6
=	-10.72 %

where Working Capital is:

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(174.6	+	21.5	+	536.5)	-	(429.4	+	0	+	304.2)
=	-1.0000000000001

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(16.7	+	27.4	+	333.8)	-	(372.9	+	0	+	217.9)
=	-212.9

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2021) EBIT data.

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

Crown Resorts's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2021 )
	=	-326.6	/	0.000
	=	%

Crown Resorts EBIT Related Terms

Thank you for viewing the detailed overview of Crown Resorts's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Crown Resorts (ASX:CWNHB.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Crown Resorts Ltd (ASX:CWNHB.PFD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Whiteman Street, Level 3, Crown Towers, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.crownresorts.com.au

Crown Resorts is Australia's largest hotel-casino company. Its flagship property is Crown Melbourne, an integrated complex with more than 2,600 electronic game machines, or EGMs, 540 tables, and three hotels. Crown also operates Crown Perth, a property with more than 2,500 EGMs, 350 tables, and three hotels. Crown has also obtained a licence to operate Sydney's second casino, Crown Sydney, centred on the VIP and premium gaming market. The company also operates Aspinall's, a boutique, premium-focussed casino in London.

Crown Resorts (ASX:CWNHB.PFD) Headlines

No Headlines