DRA Global (JSE:DRA) EBIT : R430 Mil (TTM As of Jun. 2024)

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What is DRA Global EBIT?

DRA Global's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was R147 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was R430 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DRA Global's annualized ROC % for the quarter that ended in Jun. 2024 was -0.87%. DRA Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 61.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DRA Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -109.61%.

DRA Global EBIT Historical Data

The historical data trend for DRA Global'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.

DRA Global EBIT Chart

DRA Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

914.13

92.69

657.55

DRA Global Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial			-161.58	262.21	379.49	282.49	147.29

Competitive Comparison of DRA Global's EBIT

For the Engineering & Construction subindustry, DRA Global'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.

DRA Global's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, DRA Global's EV-to-EBIT distribution charts can be found below:

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

DRA Global 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R430 Mil.

DRA Global (JSE:DRA) EBIT Explanation

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

DRA Global's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-62.58 * ( 1 - 40.67% )	/	( (4287.378	+	4241.863)	/ 2 )
=	-37.128714	/	4264.6205
=	-0.87 %

where

	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	))
=	6738.676	-	969.043	-	( 2253.97	-	max(0, 3051.115	-	4533.37	+	2253.97	))
=	4287.378

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	6796.814	-	1151.219	-	( 1844.183	-	max(0, 3104.789	-	4508.521	+	1844.183	))
=	4241.863

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

DRA Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	294.572	/	( ( (492.098 + max(-563.823, 0))	+	(460.605 + max(-376.818, 0)) )	/	2 )
=	294.572	/	( ( 492.098	+	460.605 )	/	2 )
=	294.572	/	476.3515
=	61.84 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1528.314	+	36.106	+	626.593)	-	(969.043	+	73.06	+	1712.733)
=	-563.823

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2111.98	+	37.495	+	514.863)	-	(1151.219	+	85.048	+	1804.889)
=	-376.818

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	429.771	/	-392.080
	=	-109.61 %

DRA Global EBIT Related Terms

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DRA Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » DRA Global Ltd (JSE:DRA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

256 Adelaide Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.draglobal.com

DRA Global Ltd is a diversified global engineering, project delivery, and operations management group. It provides engineering excellence through all stages of the project life cycle from concept through delivery, commissioning, operations, and rehabilitation. DRA has expertise in mining, minerals and metals processing, and related non-process infrastructure, including ESG, water, and energy solutions for the mining industry. Some of its projects are Elikhulu Gold, Yangibana Rare Earths Project, and Northam Platinum among others. The company has three segments Europe, Middle East, and Africa (EMEA), including SENET and Water entities, Australia and Asia Pacific (APAC), and North and South America (AMER).

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