David Jones (ASX:DJS) EBIT : A$134 Mil (TTM As of Jan. 2014)

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What is David Jones EBIT?

David Jones's earnings before interest and taxes (EBIT) for the six months ended in Jan. 2014 was A$103 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2014 was A$134 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. David Jones's annualized ROC % for the quarter that ended in Jan. 2014 was 14.53%. David Jones's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2014 was 25.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. David Jones's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2014 was 6.27%.

David Jones EBIT Historical Data

The historical data trend for David Jones'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.

David Jones EBIT Chart

David Jones Annual Data

Trend

Jul04

Jul05

Jul06

Jul07

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

EBIT

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226.68

249.09

247.11

154.76

140.39

David Jones Semi-Annual Data
	Jul04	Jan05	Jul05	Jan06	Jul06	Jan07	Jul07	Jan08	Jul08	Jan09	Jul09	Jan10	Jul10	Jan11	Jul11	Jan12	Jul12	Jan13	Jul13	Jan14
EBIT	Get a 7-Day Free Trial															126.06	28.70	109.11	31.28	103.16

Competitive Comparison of David Jones's EBIT

For the Department Stores subindustry, David Jones'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.

David Jones's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, David Jones's EV-to-EBIT distribution charts can be found below:

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

David Jones 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 Jan. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$134 Mil.

David Jones (ASX:DJS) EBIT Explanation

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

David Jones's annualized ROC % for the quarter that ended in Jan. 2014 is calculated as:

	ROC % (Q: Jan. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2013 )	+	Invested Capital (Q: Jan. 2014 ))	/ count )
=	206.322 * ( 1 - 29.65% )	/	( (983.07	+	1014.921)	/ 2 )
=	145.147527	/	998.9955
=	14.53 %

where

	Invested Capital		(Q: Jul. 2013 )
=	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	))
=	1237.785	-	261.84	-	( 14.818	-	max(0, 301.83	-	294.705	+	14.818	))
=	983.07

	Invested Capital		(Q: Jan. 2014 )
=	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	))
=	1225.793	-	255.945	-	( 46.712	-	max(0, 351.868	-	306.795	+	46.712	))
=	1014.921

Note: The Operating Income data used here is two times the semi-annual (Jan. 2014) data.

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

David Jones's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jan. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2013		Q: Jan. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	206.322	/	( ( (835.373 + max(-39.862, 0))	+	(808.593 + max(-72.556, 0)) )	/	2 )
=	206.322	/	( ( 835.373	+	808.593 )	/	2 )
=	206.322	/	821.983
=	25.10 %

where Working Capital is:

	Working Capital		(Q: Jul. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	251.543	+	9.252)	-	(261.84	+	3.053	+	35.764)
=	-39.862

	Working Capital		(Q: Jan. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	224.767	+	9.481)	-	(255.945	+	16.476	+	34.383)
=	-72.556

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jan. 2014) EBIT data.

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

David Jones's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2014 )
	=	134.441	/	2143.180
	=	6.27 %

David Jones EBIT Related Terms

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David Jones (ASX:DJS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » David Jones Ltd (ASX:DJS) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Website

http://www.davidjones.com.au

David Jones Limited is engaged in the business of department store retailing and providing financial services. It operates in two segments: Department Stores and Financial Services. The company operates department stores and rack stores in New South Wales, Australian Capital Territory, Victoria, Queensland, South Australia, and Western Australia. The company also has a financial services alliance with American Express Australia Limited, which is relating to the assignment of store card and credit reserve receivables, and the launch of a general purpose credit card. Its Services include: Corporate Services, Insurance Card, Gift Registry, Bridal at David Jones, David Jones Celebration Card Statement, Style Advisors, Personal Shopping, Shopping Online, Gift Card, Interior Decorating, Flowers, Food hall, The Rose Clinic, Bra Fitting etc.

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