TNL (Travel+Leisure Co) EBIT : $740 Mil (TTM As of Sep. 2024)

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What is Travel+Leisure Co EBIT?

Travel+Leisure Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $193 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $740 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Travel+Leisure Co's annualized ROC % for the quarter that ended in Sep. 2024 was 10.77%. Travel+Leisure Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 71.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Travel+Leisure Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.18%.

Travel+Leisure Co EBIT Historical Data

The historical data trend for Travel+Leisure Co'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.

Travel+Leisure Co EBIT Chart

Travel+Leisure Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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842.00

-84.00

627.00

681.00

736.00

Travel+Leisure Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															212.00	195.00	156.00	196.00	193.00

Competitive Comparison of Travel+Leisure Co's EBIT

For the Travel Services subindustry, Travel+Leisure Co'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.

Travel+Leisure Co's EV-to-EBIT Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Travel+Leisure Co's EV-to-EBIT falls into.

Travel+Leisure Co 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $740 Mil.

Travel+Leisure Co (NYSE:TNL) EBIT Explanation

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

Travel+Leisure Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	820 * ( 1 - 25.38% )	/	( (5689	+	5670)	/ 2 )
=	611.884	/	5679.5
=	10.77 %

where

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	6693	-	838	-	( 166	-	max(0, 1291	-	4528	+	166	))
=	5689

	Invested Capital		(Q: Sep. 2024 )
=	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	))
=	6698	-	834	-	( 194	-	max(0, 1284	-	4554	+	194	))
=	5670

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Travel+Leisure Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	772	/	( ( (596 + max(509, 0))	+	(594 + max(464, 0)) )	/	2 )
=	772	/	( ( 1105	+	1058 )	/	2 )
=	772	/	1081.5
=	71.38 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(176	+	1206	+	418)	-	(838	+	453	+	0)
=	509

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(152	+	1208	+	388)	-	(834	+	450	+	0)
=	464

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Travel+Leisure Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	740	/	9043.412
	=	8.18 %

Travel+Leisure Co EBIT Related Terms

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Travel+Leisure Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Travel+Leisure Co (NYSE:TNL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

0M1K:UK WD5A:Germany

Address

6277 Sea Harbor Drive, Orlando, FL, USA, 32821

Website

https://www.travelandleisureco.com

Travel+Leisure Co is a membership and leisure travel company. It provides hospitality services and travel products. The company operates in the segments of Vacation Ownership, which is the key revenue-driving segment, develops, markets and sells vacation ownership interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts and Travel and Membership which operates a variety of travel businesses, including three vacation exchange brands, a home exchange network, travel technology platforms, travel memberships, and direct-to-consumer rentals. The majority of the revenue is earned from the United States.

Executives

Geoffrey Richards	officer: See Remarks	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Jeffrey Myers	officer: See Remarks	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Stephen P Holmes	director	C/O CENDANT, 9 WEST 57TH, NEW YORK NY 10019
George Herrera	director	HERRERA-CRISTINA GROUP, LTD., 4222 FORTUNA CENTER PLAZA, #621, MONTCLAIR VA 22025
Amandine Robin-caplan	officer: See remarks	C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
James J Savina	officer: See Remarks	ONE PPG PLACE, PITTSBURGH PA 15222
Kimberly Marshall	officer: Chief Human Resources Officer	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Olivier Chavy	officer: See remarks	C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
Michael Dean Brown	director, officer: See Remarks	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Thomas Michael Duncan	officer: SVP, Chief Accounting Officer	C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
Sy Esfahani	officer: Chief Technology Officer	C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
Lucinda Martinez	director	C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
Denny Marie Post	director	C/O BURGER KING HOLDINGS, INC., 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Noah Brodsky	officer: Chief Brand Officer	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Brad Dettmer	officer: Chief Information Officer	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054