Deneb Investments (JSE:DNB) EBIT : R253 Mil (TTM As of Sep. 2023)

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What is Deneb Investments EBIT?

Deneb Investments's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was R115 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was R253 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Deneb Investments's annualized ROC % for the quarter that ended in Sep. 2023 was 4.78%. Deneb Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 12.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Deneb Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 11.58%.

Deneb Investments EBIT Historical Data

The historical data trend for Deneb Investments'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.

Deneb Investments EBIT Chart

Deneb Investments Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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170.76

118.73

218.93

241.46

282.96

Deneb Investments Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															92.46	149.00	145.08	137.88	114.95

Competitive Comparison of Deneb Investments's EBIT

For the Conglomerates subindustry, Deneb Investments'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.

Deneb Investments's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Deneb Investments's EV-to-EBIT distribution charts can be found below:

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

Deneb Investments 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R253 Mil.

Deneb Investments (JSE:DNB) EBIT Explanation

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

Deneb Investments's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	186.414 * ( 1 - 19.24% )	/	( (3156.812	+	3141.296)	/ 2 )
=	150.5479464	/	3149.054
=	4.78 %

where

	Invested Capital		(Q: Mar. 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	))
=	3615.302	-	360.692	-	( 97.798	-	max(0, 728.609	-	1451.07	+	97.798	))
=	3156.812

	Invested Capital		(Q: Sep. 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	))
=	3750.814	-	505.678	-	( 103.84	-	max(0, 884.588	-	1633.77	+	103.84	))
=	3141.296

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

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

Deneb Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	229.892	/	( ( (931.346 + max(733.296, 0))	+	(962.942 + max(1011.333, 0)) )	/	2 )
=	229.892	/	( ( 1664.642	+	1974.275 )	/	2 )
=	229.892	/	1819.4585
=	12.64 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(449.773	+	644.97	+	214.262)	-	(360.692	+	0	+	215.017)
=	733.296

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(699.103	+	620.342	+	210.485)	-	(505.678	+	0	+	12.919)
=	1011.333

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	252.829	/	2183.123
	=	11.58 %

Deneb Investments EBIT Related Terms

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Deneb Investments (JSE:DNB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Deneb Investments Ltd (JSE:DNB) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner Main and Browning Roads, 5th Floor, Deneb House, Observatory, Cape Town, WC, ZAF, 7925

Website

https://www.deneb.co.za

Deneb Investments Ltd is a diversified investment company operating in southern Africa. The company's operating segment includes Property; Industrial Product Manufacturing; Automotive Parts Manufacturing; and Branded Product Distribution. Industrial Product Manufacturing and Branded Product Distribution segments together contribute to the majority of the revenue. Its geographical segments include South Africa, Other African countries, Asia, Europe, North America and South America, of which the majority of the revenue is generated from South Africa.