Duty Free International (SGX:5SO) EBIT : S$7.83 Mil (TTM As of Nov. 2023)

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What is Duty Free International EBIT?

Duty Free International's earnings before interest and taxes (EBIT) for the three months ended in Nov. 2023 was S$1.46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2023 was S$7.83 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Duty Free International's annualized ROC % for the quarter that ended in Nov. 2023 was 1.83%. Duty Free International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 8.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Duty Free International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 9.35%.

Duty Free International EBIT Historical Data

The historical data trend for Duty Free International'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.

Duty Free International EBIT Chart

Duty Free International Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

EBIT

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22.56

10.29

-10.89

-0.25

7.34

Duty Free International Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
EBIT	Get a 7-Day Free Trial															1.83	3.06	2.04	1.27	1.46

Competitive Comparison of Duty Free International's EBIT

For the Specialty Retail subindustry, Duty Free International'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.

Duty Free International's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Duty Free International's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Duty Free International's EV-to-EBIT falls into.

Duty Free International 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was S$7.83 Mil.

Duty Free International (SGX:5SO) EBIT Explanation

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

Duty Free International's annualized ROC % for the quarter that ended in Nov. 2023 is calculated as:

	ROC % (Q: Nov. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2023 )	+	Invested Capital (Q: Nov. 2023 ))	/ count )
=	2.068 * ( 1 - 24.17% )	/	( (87.337	+	83.878)	/ 2 )
=	1.5681644	/	85.6075
=	1.83 %

where

	Invested Capital		(Q: Aug. 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	))
=	139.796	-	4.209	-	( 48.25	-	max(0, 5.98	-	88.754	+	48.25	))
=	87.337

	Invested Capital		(Q: Nov. 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	))
=	136.655	-	4.204	-	( 48.573	-	max(0, 6.213	-	85.706	+	48.573	))
=	83.878

Note: The Operating Income data used here is four times the quarterly (Nov. 2023) data.

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

Duty Free International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Nov. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2023		Q: Nov. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	5.852	/	( ( (45.894 + max(25.366, 0))	+	(45.907 + max(22.502, 0)) )	/	2 )
=	5.852	/	( ( 71.26	+	68.409 )	/	2 )
=	5.852	/	69.8345
=	8.38 %

where Working Capital is:

	Working Capital		(Q: Aug. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.4	+	25.698	+	3.967)	-	(4.209	+	0	+	0.49)
=	25.366

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.329	+	24.23	+	2.903)	-	(4.204	+	0	+	0.756)
=	22.502

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Nov. 2023) EBIT data.

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

Duty Free International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Nov. 2023 )
	=	7.83	/	83.779
	=	9.35 %

Duty Free International EBIT Related Terms

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Duty Free International (SGX:5SO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Duty Free International Ltd (SGX:5SO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

138 Cecil Street, No. 12-01A, Cecil Court, Singapore, SGP, 069538

Website

https://www.dfi.com.sg

Duty Free International Ltd is an Investment Holding company. The company operates through two divisions, which are Trading duty-free goods and non-dutiable merchandise and Investment holding others. The duty-free business of the company is its main revenue contributor and its activities involve trading duty-free goods and non-dutiable merchandise through its brand The Zon, situated at entry and exit points of international airports, seaports, international ferry terminals, border towns, and popular tourist destinations. The company's products entail imported duty-free beverages, tobacco products, chocolates and confectionery products, perfumery, cosmetics, and souvenirs. The activities of the group are mainly carried out in Malaysia.

Duty Free International (SGX:5SO) Headlines

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