PPHE Hotel Group (LSE:PPH) EBIT : £64.5 Mil (TTM As of Dec. 2023)

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What is PPHE Hotel Group EBIT?

PPHE Hotel Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £44.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £64.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PPHE Hotel Group's annualized ROC % for the quarter that ended in Dec. 2023 was 6.39%. PPHE Hotel Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PPHE Hotel Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.99%.

PPHE Hotel Group EBIT Historical Data

The historical data trend for PPHE Hotel Group'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.

PPHE Hotel Group EBIT Chart

PPHE Hotel Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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70.39

-61.94

-26.28

46.01

64.47

PPHE Hotel Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															7.48	-7.38	53.39	20.07	44.40

Competitive Comparison of PPHE Hotel Group's EBIT

For the Lodging subindustry, PPHE Hotel Group'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.

PPHE Hotel Group's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PPHE Hotel Group's EV-to-EBIT distribution charts can be found below:

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

PPHE Hotel Group 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £64.5 Mil.

PPHE Hotel Group (LSE:PPH) EBIT Explanation

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

PPHE Hotel Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	115.886 * ( 1 - 2.22% )	/	( (1727.987	+	1816.9)	/ 2 )
=	113.3133308	/	1772.4435
=	6.39 %

where

	Invested Capital		(Q: Jun. 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	))
=	1884.667	-	109.041	-	( 137.765	-	max(0, 155.275	-	202.914	+	137.765	))
=	1727.987

	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	))
=	1923.765	-	46.907	-	( 150.416	-	max(0, 141.795	-	201.753	+	150.416	))
=	1816.9

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

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

PPHE Hotel Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	88.804	/	( ( (1590.408 + max(-79.494, 0))	+	(1642.045 + max(-45.929, 0)) )	/	2 )
=	88.804	/	( ( 1590.408	+	1642.045 )	/	2 )
=	88.804	/	1616.2265
=	5.49 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(23.296	+	3.351	+	2.9)	-	(109.041	+	0	+	0)
=	-79.494

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(17.88	+	3.288	+	22.772)	-	(46.907	+	0	+	42.962)
=	-45.929

When net working capital is negative, 0 is used.

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

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

PPHE Hotel Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	64.467	/	1617.282
	=	3.99 %

PPHE Hotel Group EBIT Related Terms

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PPHE Hotel Group (LSE:PPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PPHE Hotel Group Ltd (LSE:PPH) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PPHl:UK 32P:Germany

Address

Radarweg 60, Motion Building, 9th Floor, Amsterdam, NH, NLD, 1043 NT

Website

http://www.pphe.com

PPHE Hotel Group Ltd engages in providing hospitality services. The company owns, manages and franchises hotels and resort properties in the United Kingdom, the Netherlands, Croatia, Germany, and Hungary. These properties are operated under the brands, Park Plaza Hotels & Resorts and art'otel in the form of hotels, restaurants, bars and spas and Holmes Hotel London. The group's activities are divided into two segments Owned Hotel Operations segment and the Management Activities segment. PPHE generates most of its revenues across the United Kingdom through hotel operations, management fees derived from hotels managed by the group, and marketing fees.