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Dockwise (XAMS:DOCKW) EBIT : €53.9 Mil (TTM As of Dec. 2012)


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What is Dockwise EBIT?

Dockwise's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2012 was €20.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2012 was €53.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dockwise's annualized ROC % for the quarter that ended in Dec. 2012 was 4.53%. Dockwise's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was 7.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dockwise's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was 7.43%.


Dockwise EBIT Historical Data

The historical data trend for Dockwise'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.

Dockwise EBIT Chart

Dockwise Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.83 78.93 57.62 36.71 54.22

Dockwise Quarterly Data
Dec05 Dec06 Dec07 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.85 14.38 3.97 15.48 20.10

Competitive Comparison of Dockwise's EBIT

For the Marine Shipping subindustry, Dockwise'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.


Dockwise's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Dockwise's EV-to-EBIT distribution charts can be found below:

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



Dockwise 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. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was €53.9 Mil.

* 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.


Dockwise  (XAMS:DOCKW) EBIT Explanation

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

Dockwise's annualized ROC % for the quarter that ended in Dec. 2012 is calculated as:

ROC % (Q: Dec. 2012 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2012 ) + Invested Capital (Q: Dec. 2012 ))/ count )
=80.392 * ( 1 - 1.93% )/( (1721.662 + 1755.601)/ 2 )
=78.8404344/1738.6315
=4.53 %

where

Invested Capital(Q: Sep. 2012 )
=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))
=1702.006 - 149.506 - ( 79.704 - max(0, 373.554 - 204.392+79.704))
=1721.662

Invested Capital(Q: Dec. 2012 )
=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))
=1683.524 - 132.474 - ( 36.646 - max(0, 358.254 - 153.703+36.646))
=1755.601

Note: The Operating Income data used here is four times the quarterly (Dec. 2012) data.

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

Dockwise's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2012 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2012  Q: Dec. 2012
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=80.392/( ( (993.609 + max(-34.873, 0)) + (1040.78 + max(-21.724, 0)) )/ 2 )
=80.392/( ( 993.609 + 1040.78 )/ 2 )
=80.392/1017.1945
=7.90 %

where Working Capital is:

Working Capital(Q: Sep. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(61.383 + 23.126 + 39.893) - (149.506 + 0 + 9.769)
=-34.873

Working Capital(Q: Dec. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(57.471 + 21.72 + 37.507) - (132.474 + 0 + 5.948)
=-21.724

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2012) EBIT data.

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

Dockwise's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2012 )
=53.914/725.437
=7.43 %

* 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.


Dockwise EBIT Related Terms

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Dockwise (XAMS:DOCKW) Business Description

Traded in Other Exchanges
N/A
Address
Lage Mosten 21, P.O. Box 3208, Breda, NLD, 4800
Dockwise Ltd provides transportation services to the offshore, onshore, and yachting industries; and installation services for heavy offshore platforms worldwide.

Dockwise (XAMS:DOCKW) Headlines

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