Duxton Water (ASX:D2O) EBIT : A$15.46 Mil (TTM As of Dec. 2023)

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What is Duxton Water EBIT?

Duxton Water's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$7.71 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$15.46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Duxton Water's annualized ROC % for the quarter that ended in Dec. 2023 was 6.48%. Duxton Water's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Duxton Water's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.51%.

Duxton Water EBIT Historical Data

The historical data trend for Duxton Water'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.

Duxton Water EBIT Chart

Duxton Water Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

12.88

16.65

11.81

13.24

15.46

Duxton Water Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial									8.61	3.01	10.23	7.75	7.71

Competitive Comparison of Duxton Water's EBIT

For the Utilities - Regulated Water subindustry, Duxton Water'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.

Duxton Water's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Duxton Water's EV-to-EBIT distribution charts can be found below:

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

Duxton Water 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$15.46 Mil.

Duxton Water (ASX:D2O) EBIT Explanation

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

Duxton Water's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	28.592 * ( 1 - 29.55% )	/	( (306.687	+	315.045)	/ 2 )
=	20.143064	/	310.866
=	6.48 %

where

	Invested Capital		(Q: Jun. 2023 )
=	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	))
=	314.893	-	40.167	-	( 0.359	-	max(0, 42.856	-	10.895	+	0.359	))
=	306.687

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	324.643	-	13.156	-	( 1.832	-	max(0, 15.554	-	11.996	+	1.832	))
=	315.045

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Duxton Water's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	15.41	/	( ( (0 + max(-32.32, 0))	+	(0 + max(-5.417, 0)) )	/	2 )
=	15.41	/	( ( 0	+	0 )	/	2 )
=	15.41	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.247	+	0	+	0.289)	-	(40.167	+	1.893	+	0.796)
=	-32.32

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9.914	+	0	+	0.223)	-	(13.156	+	2.398	+	0)
=	-5.417

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Duxton Water's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	15.458	/	343.082
	=	4.51 %

Duxton Water EBIT Related Terms

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Duxton Water (ASX:D2O) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Duxton Water Ltd (ASX:D2O) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Pomona Road, Duxton House, Stirling, SA, AUS, 5152

Website

https://www.duxtonwater.com.au

Duxton Water Ltd invests in Australian Water Entitlements. It owns and manages a portfolio of water assets and provided irrigators a range of water supply solutions. The company is engaged in water supply licenses, leases, buying and selling, and other related services. Its operating segment includes Permanent Water; Temporary Water; and Unallocated, of which key revenue is derived from the Permanent Water segment.

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