DRS Data & Research Services (LSE:DRSA) EBIT: £-2.65 Mil (TTM As of Dec. 2015)


What is DRS Data & Research Services EBIT?

DRS Data & Research Services LSE:DRSA EBIT is £-2.65 Mil as of Dec. 2015. The stock has 4 warning signs investors should review.

DRS Data & Research Services's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2015 was £-0.78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was £-2.65 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DRS Data & Research Services's annualized ROC % for the quarter that ended in Dec. 2015 was -4.64%. DRS Data & Research Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was -45.45%.

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

DRS Data & Research Services  (LSE:DRSA) EBIT Explanation

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

DRS Data & Research Services's annualized ROC % for the quarter that ended in Dec. 2015 is calculated as:

ROC % (Q: Dec. 2015 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2015 ) + Invested Capital (Q: Dec. 2015 ))/ count )
=-1.546 * ( 1 - 82.09% )/( (4.985 + 6.948)/ 2 )
=-0.2768886/5.9665
=-4.64 %

where

Invested Capital(Q: Jun. 2015 )
=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))
=12.377 - 5.095 - ( 2.349 - max(0, 5.321 - 7.618+2.349))
=4.985

Invested Capital(Q: Dec. 2015 )
=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))
=9.508 - 0.637 - ( 1.923 - max(0, 3.14 - 7.318+1.923))
=6.948

Note: The Operating Income data used here is two times the semi-annual (Dec. 2015) data.

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

DRS Data & Research Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2015 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2015  Q: Dec. 2015
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.56/( ( (2.053 + max(0.174, 0)) + (2.157 + max(2.481, 0)) )/ 2 )
=-1.56/( ( 2.227 + 4.638 )/ 2 )
=-1.56/3.4325
=-45.45 %

where Working Capital is:

Working Capital(Q: Jun. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.021 + 0.509 + 0.739) - (5.095 + 0 + 0)
=0.174

Working Capital(Q: Dec. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.836 + 2.364 + 2.195) - (0.637 + 0 + 2.277)
=2.481

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2015) EBIT data.

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

DRS Data & Research Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2015 )
=-2.65/0.000
= %

* 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.

DRS Data & Research Services EBIT Related Terms

DRS Data & Research Services EBIT Historical Data

* Premium members only.

The historical data trend for DRS Data & Research Services'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.

DRS Data & Research Services EBIT Chart

DRS Data & Research Services Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.18 1.38 1.35 -1.88 -2.65

DRS Data & Research Services Semi-Annual Data
Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.94 -2.74 0.86 -1.87 -0.78

DRS Data & Research Services EBIT Competitor Comparison

For the Specialty Business Services subindustry, DRS Data & Research Services'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.

DRS Data & Research Services EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, DRS Data & Research Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where DRS Data & Research Services's EV-to-EBIT falls into.


DRS Data & Research Services 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. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-2.65 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of £-2.65 Mil mean?
DRS Data & Research Services (LSE:DRSA) has a EBIT of £-2.65 Mil as of Dec. 2015. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on DRS Data & Research Services.
Is DRS Data & Research Services' EBIT too high?
DRS Data & Research Services' current EBIT is £-2.65 Mil.
How does DRS Data & Research Services' EBIT compare to competitors?
DRS Data & Research Services' EBIT of £-2.65 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Business Services company?
A good EBIT depends on the Business Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on DRS Data & Research Services. DRS Data & Research Services's current EBIT is £-2.65 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DRS Data & Research Services stock overvalued right now?
DRS Data & Research Services (LSE:DRSA) has a current EBIT of £-2.65 Mil. The current EBIT is £-2.65 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For DRS Data & Research Services (LSE:DRSA), the current EBIT is £-2.65 Mil as of Dec. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

DRS Data & Research Services Business Description

DRS Data & Research Services PLC was incorporated on August 1, 1969. The Company is engaged in the provision of data capture services, the manufacture, sale and support of optical and image scanning equipment, design and printing of documentation used for data capture and associated software and bureau services.