Pier 1 Imports (STU:PJ1A) EBIT : €-258 Mil (TTM As of Nov. 2019)

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What is Pier 1 Imports EBIT?

Pier 1 Imports's earnings before interest and taxes (EBIT) for the three months ended in Nov. 2019 was €-48 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2019 was €-258 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pier 1 Imports's annualized ROC % for the quarter that ended in Nov. 2019 was -21.20%. Pier 1 Imports's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2019 was -25.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pier 1 Imports's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2019 was -15,287.46%.

Pier 1 Imports EBIT Historical Data

The historical data trend for Pier 1 Imports'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.

Pier 1 Imports EBIT Chart

Pier 1 Imports Annual Data

Trend

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

EBIT

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115.11

68.05

57.22

23.16

-165.70

Pier 1 Imports Quarterly Data
	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19
EBIT	Get a 7-Day Free Trial															-25.47	-58.50	-68.33	-83.45	-48.07

Competitive Comparison of Pier 1 Imports's EBIT

For the Specialty Retail subindustry, Pier 1 Imports'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.

Pier 1 Imports's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Pier 1 Imports's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Pier 1 Imports's EV-to-EBIT falls into.

Pier 1 Imports 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was €-258 Mil.

Pier 1 Imports (STU:PJ1A) EBIT Explanation

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

Pier 1 Imports's annualized ROC % for the quarter that ended in Nov. 2019 is calculated as:

	ROC % (Q: Nov. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2019 )	+	Invested Capital (Q: Nov. 2019 ))	/ count )
=	-192.984 * ( 1 - -0.43% )	/	( (917.599	+	910.583)	/ 2 )
=	-193.8138312	/	914.091
=	-21.20 %

where

	Invested Capital		(Q: Aug. 2019 )
=	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	))
=	1070.169	-	220.18	-	( 8.996	-	max(0, 440.477	-	372.867	+	8.996	))
=	917.599

	Invested Capital		(Q: Nov. 2019 )
=	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	))
=	1040.966	-	227.394	-	( 10.025	-	max(0, 483.07	-	386.059	+	10.025	))
=	910.583

Note: The Operating Income data used here is four times the quarterly (Nov. 2019) data.

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

Pier 1 Imports's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2019 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Nov. 2019 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2019		Q: Nov. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-192.296	/	( ( (670.924 + max(110.046, 0))	+	(628.824 + max(115.418, 0)) )	/	2 )
=	-192.296	/	( ( 780.97	+	744.242 )	/	2 )
=	-192.296	/	762.606
=	-25.22 %

where Working Capital is:

	Working Capital		(Q: Aug. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(23.022	+	295.449	+	45.4)	-	(220.18	+	33.644	+	0.00099999999997635)
=	110.046

	Working Capital		(Q: Nov. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(33.023	+	297.669	+	45.342)	-	(227.394	+	33.222	+	0)
=	115.418

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Nov. 2019) EBIT data.

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

Pier 1 Imports's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Nov. 2019 )
	=	-258.358	/	1.690
	=	-15,287.46 %

Pier 1 Imports EBIT Related Terms

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Pier 1 Imports (STU:PJ1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pier 1 Imports Inc (STU:PJ1A) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Pier 1 Place, Fort Worth, TX, USA, 76102

Website

https://www.pier1.com

Pier 1 Imports Inc is a United-States-based retailer of decorative accessories, furniture, candles, homeware, gifts and seasonal products. The company operates through retail stores and an e-commerce website under the brand Pier 1 Imports. Most of the company's stores are located in the U.S., followed with a few stores in Canada. The company also provides products and licenses the Pier 1 Imports brand to Grupo Sanborns, which operates a number of stores in Mexico and El Salvador. The company sells merchandise produced in a number of countries, such as China, India, Vietnam, Indonesia, the U.S., and others.

Pier 1 Imports (STU:PJ1A) Headlines

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