Kuoni Reisen Holding AG (LTS:0QPL) EBIT : CHF77 Mil (TTM As of Dec. 2015)

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What is Kuoni Reisen Holding AG EBIT?

Kuoni Reisen Holding AG's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2015 was CHF67 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was CHF77 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kuoni Reisen Holding AG's annualized ROC % for the quarter that ended in Dec. 2015 was 12.43%. Kuoni Reisen Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was 494.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kuoni Reisen Holding AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was 5.29%.

Kuoni Reisen Holding AG EBIT Historical Data

The historical data trend for Kuoni Reisen Holding AG'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.

Kuoni Reisen Holding AG EBIT Chart

Kuoni Reisen Holding AG Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

EBIT

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74.19

6.08

112.94

83.10

87.90

Kuoni Reisen Holding AG Quarterly Data
	Sep09	Dec09	Jun10	Sep10	Dec10	Jun11	Sep11	Dec11	Jun12	Sep12	Dec12	Jun13	Sep13	Dec13	Jun14	Sep14	Dec14	Jun15	Sep15	Dec15
EBIT	Get a 7-Day Free Trial															37.30	16.70	-9.80	19.00	67.40

Competitive Comparison of Kuoni Reisen Holding AG's EBIT

For the Leisure subindustry, Kuoni Reisen Holding AG'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.

Kuoni Reisen Holding AG's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kuoni Reisen Holding AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Kuoni Reisen Holding AG's EV-to-EBIT falls into.

Kuoni Reisen Holding AG 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 quarterly data reported by the company within the most recent 12 months, which was CHF77 Mil.

Kuoni Reisen Holding AG (LTS:0QPL) EBIT Explanation

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

Kuoni Reisen Holding AG'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: Sep. 2015 )	+	Invested Capital (Q: Dec. 2015 ))	/ count )
=	242.8 * ( 1 - 23.5% )	/	( (1572.2	+	1415.3)	/ 2 )
=	185.742	/	1493.75
=	12.43 %

where

	Invested Capital		(Q: Sep. 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	))
=	2021.1	-	430.7	-	( 259	-	max(0, 1107.8	-	1126	+	259	))
=	1572.2

	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	))
=	1629.4	-	249.1	-	( 271.2	-	max(0, 807.9	-	772.9	+	271.2	))
=	1415.3

Note: The Operating Income data used here is four times the quarterly (Dec. 2015) data.

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

Kuoni Reisen Holding AG'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: Sep. 2015		Q: Dec. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	269.6	/	( ( (65.3 + max(-222.4, 0))	+	(43.8 + max(-268.9, 0)) )	/	2 )
=	269.6	/	( ( 65.3	+	43.8 )	/	2 )
=	269.6	/	54.55
=	494.23 %

where Working Capital is:

	Working Capital		(Q: Sep. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(544.1	+	0	+	322.9)	-	(430.7	+	0	+	658.7)
=	-222.4

	Working Capital		(Q: Dec. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	501.7)	-	(249.1	+	0	+	521.5)
=	-268.9

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2015) EBIT data.

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

Kuoni Reisen Holding AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2015 )
	=	76.6	/	1448.354
	=	5.29 %

Kuoni Reisen Holding AG EBIT Related Terms

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Kuoni Reisen Holding AG (LTS:0QPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kuoni Reisen Holding AG (LTS:0QPL) » Definitions » EBIT

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Traded in Other Exchanges

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Address

Website

http://www.kuoni.com

Kuoni Reisen Holding AG was established in 1906. The Company operates travel agencies and provides travel planning services. It provides leisure travel services as well as offers tours and support services for overseas travelers in Europe. The Company's business activities are split into three different areas: Destination Management, Tour operating and Visa services. Destination & Accommodation services involve procurement and supply of services as a specialized wholesaler and supplier. It provides accommodation and land components to online & offline travel agencies, tour operators and aggregators via its efficient, online distribution system. Tour Operating activities focus on outbound leisure travel from European and Asian source markets and offer a variety of tailor-made, individual and packaged holidays to end consumers and online & offline travel agencies. Visa Processing Services offers administrative parts of the visa application, and other consular processes.

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