Dell (DELL) EBIT : $1,785.00 Mil (TTM As of Jul. 2013)

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What is Dell EBIT?

Dell's earnings before interest and taxes (EBIT) for the three months ended in Jul. 2013 was $272.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2013 was $1,785.00 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dell's annualized ROC % for the quarter that ended in Jul. 2013 was 3.85%. Dell's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2013 was 50.05%.

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

Dell EBIT Historical Data

The historical data trend for Dell'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.

Dell EBIT Chart

Dell Annual Data

Trend

Jan04

Jan05

Jan06

Jan07

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

EBIT

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3,190.00

2,172.00

3,433.00

4,431.00

3,012.00

Dell Quarterly Data
	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13
EBIT	Get a 7-Day Free Trial															901.00	589.00	698.00	226.00	272.00

Competitive Comparison of Dell's EBIT

For the Computer Hardware subindustry, Dell'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.

Dell's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Dell's EV-to-EBIT distribution charts can be found below:

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

Dell 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 Jul. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,785.00 Mil.

Dell (DELISTED:DELL) EBIT Explanation

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

Dell's annualized ROC % for the quarter that ended in Jul. 2013 is calculated as:

	ROC % (Q: Jul. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2013 )	+	Invested Capital (Q: Jul. 2013 ))	/ count )
=	1088 * ( 1 - 6.85% )	/	( (26530	+	26053)	/ 2 )
=	1013.472	/	26291.5
=	3.85 %

where

	Invested Capital		(Q: Apr. 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	))
=	44791	-	14392	-	( 10905	-	max(0, 21790	-	25659	+	10905	))
=	26530

	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	))
=	45871	-	15708	-	( 11828	-	max(0, 22756	-	26866	+	11828	))
=	26053

Note: The Operating Income data used here is four times the quarterly (Jul. 2013) data.

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

Dell's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jul. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2013		Q: Jul. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1088	/	( ( (2136 + max(-6894, 0))	+	(2212 + max(-8113, 0)) )	/	2 )
=	1088	/	( ( 2136	+	2212 )	/	2 )
=	1088	/	2174
=	50.05 %

where Working Capital is:

	Working Capital		(Q: Apr. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6440	+	1387	+	3936)	-	(14392	+	4265	+	0)
=	-6894

	Working Capital		(Q: Jul. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6591	+	1468	+	3848)	-	(15708	+	4312	+	0)
=	-8113

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jul. 2013) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jul. 2013 )
	=	1785	/	0.000
	=	%

Dell EBIT Related Terms

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Dell (DELL) Business Description

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Website

http://www.dell.com

Dell Inc is a Delaware Corporation, which was founded in 1984. The Company offers a range of technology solutions, including servers and networking products, storage products, services, software and peripherals, mobility products, and desktop PCs. The Company sells its products and services directly to customers through dedicated distribution channels, such as retailers, distributors, and resellers. Its business segments are Large Enterprise, Public, Small and Medium Business ('SMB'), and Consumer. Large Enterprise customers include large global and national corporate businesses. Public customers, which include educational institutions, government, health care, and law enforcement agencies, operate in their own communities. SMB segment is focused on helping small and medium-sized businesses get the most out of their technology by offering scalable products, services, and solutions. Consumer segment is focused on delivering what customers want from the total technology experience of entertainment, mobility, gaming, and design. The Company designs, develops, manufactures, markets, sells, and supports a range of products, solutions, and services. The Company also provides various customer financial services to its Commercial and Consumer customers. Its enterprise solutions include servers, networking, and storage products. The Company's services include a range of configurable IT and business services, including infrastructure technology, consulting and applications, and product-related support services. The Company offers Dell-branded printers and displays and a multitude of competitively priced third-party peripheral products such as printers, televisions, notebook accessories, mice, keyboards, networking and wireless products, digital cameras, and other products. The Company also sells a range of third-party software products, including operating systems, business and office applications, anti-virus and related security software, entertainment software, and products in various other categories. Client Products offers a variety of mobility and desktop products, including notebooks, workstations, tablets, smartphones, and desktop PCs, to its Commercial and Consumer customers. The Company offers or arranges various financing options and services for its Commercial and Consumer customers in the U.S. and Canada through Dell Financial Services ('DFS'). DFS offers a range of financial services, including originating, collecting, and servicing customer receivables related to the purchase of Dell products. DFS offers private label credit financing programs to qualified Consumer and Commercial customers and offers leases and fixed-term financing to Commercial customers. The Company sells its products and services directly to customers and through various other sales distribution channels, such as retailers, third-party solution providers, system integrators, and third-party resellers. Its customers include large global and national corpora