Williams Grand Prix Holdings (FRA:WGF1) EBIT : €-18.0 Mil (TTM As of Dec. 2019)

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What is Williams Grand Prix Holdings EBIT?

Williams Grand Prix Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2019 was €5.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2019 was €-18.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Williams Grand Prix Holdings's annualized ROC % for the quarter that ended in Dec. 2019 was 6.76%. Williams Grand Prix Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2019 was 10.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Williams Grand Prix Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2019 was -17.17%.

Williams Grand Prix Holdings EBIT Historical Data

The historical data trend for Williams Grand Prix Holdings'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.

Williams Grand Prix Holdings EBIT Chart

Williams Grand Prix Holdings Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

EBIT

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-13.83

8.10

16.87

5.34

-19.22

Williams Grand Prix Holdings Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
EBIT	Get a 7-Day Free Trial															5.92	-9.20	14.32	-23.01	4.98

Competitive Comparison of Williams Grand Prix Holdings's EBIT

For the Leisure subindustry, Williams Grand Prix Holdings'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.

Williams Grand Prix Holdings's EV-to-EBIT Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Williams Grand Prix Holdings's EV-to-EBIT falls into.

Williams Grand Prix Holdings 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 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-18.0 Mil.

Williams Grand Prix Holdings (FRA:WGF1) EBIT Explanation

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

Williams Grand Prix Holdings'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: Jun. 2019 )	+	Invested Capital (Q: Dec. 2019 ))	/ count )
=	9.954 * ( 1 - 0% )	/	( (154.572	+	139.929)	/ 2 )
=	9.954	/	147.2505
=	6.76 %

where

	Invested Capital		(Q: Jun. 2019 )
=	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	))
=	135.5	-	0	-	( 5.081	-	max(0, 87.091	-	68.019	+	5.081	))
=	154.572

	Invested Capital		(Q: Dec. 2019 )
=	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	))
=	158.793	-	4.467	-	( 28.643	-	max(0, 61.426	-	75.823	+	28.643	))
=	139.929

Note: The Operating Income data used here is two times the semi-annual (Dec. 2019) data.

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

Williams Grand Prix Holdings'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: Jun. 2019		Q: Dec. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	9.954	/	( ( (65.237 + max(62.938, 0))	+	(65.989 + max(-34.787, 0)) )	/	2 )
=	9.954	/	( ( 128.175	+	65.989 )	/	2 )
=	9.954	/	97.082
=	10.25 %

where Working Capital is:

	Working Capital		(Q: Jun. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(58.206	+	4.732	+	0)	-	(0	+	0	+	0)
=	62.938

	Working Capital		(Q: Dec. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(17.584	+	5.825	+	1.078)	-	(4.467	+	0	+	54.807)
=	-34.787

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2019) EBIT data.

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

Williams Grand Prix Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2019 )
	=	-18.033	/	105.000
	=	-17.17 %

Williams Grand Prix Holdings EBIT Related Terms

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Williams Grand Prix Holdings (FRA:WGF1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Williams Grand Prix Holdings PLC (FRA:WGF1) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grove, Wantage, Oxfordshire, GBR, OX12 0DQ

Website

https://www.williamsf1.com

Williams Grand Prix Holdings PLC is the United States-based holding company. Its operations include the design, manufacture, and entry of race cars for the Formula One World Championship. Its segments include Formula One and Other. It is involved in sponsorship, commercial rights, and engineering services. The major part of its revenue is derived from Formula One segment.

Williams Grand Prix Holdings (FRA:WGF1) Headlines

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