Dell-VMWare Tracking Stock (XTER:12D) EBIT: €1,663.94 Mil (TTM As of Oct. 2018)


What is Dell-VMWare Tracking Stock EBIT?

Dell-VMWare Tracking Stock XTER:12D EBIT is €1,663.94 Mil as of Oct. 2018.

Dell-VMWare Tracking Stock's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2018 was €430.65 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2018 was €1,663.94 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dell-VMWare Tracking Stock's annualized ROC % for the quarter that ended in Oct. 2018 was 8.16%. Dell-VMWare Tracking Stock's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2018 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dell-VMWare Tracking Stock's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2018 was 11.85%.

Dell-VMWare Tracking Stock  (XTER:12D) EBIT Explanation

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

Dell-VMWare Tracking Stock's annualized ROC % for the quarter that ended in Oct. 2018 is calculated as:

ROC % (Q: Oct. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2018 ) + Invested Capital (Q: Oct. 2018 ))/ count )
=1722.6 * ( 1 - 3.19% )/( (20038.104 + 20846.94)/ 2 )
=1667.64906/20442.522
=8.16 %

where

Invested Capital(Q: Jul. 2018 )
=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))
=20038.104 - 0 - ( 0 - max(0, 0 - 0+0))
=20038.104

Invested Capital(Q: Oct. 2018 )
=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))
=20846.94 - 0 - ( 0 - max(0, 0 - 0+0))
=20846.94

Note: The Operating Income data used here is four times the quarterly (Oct. 2018) data.

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

Dell-VMWare Tracking Stock's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2018 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2018  Q: Oct. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1722.6/( ( (0 + max(0, 0)) + (0 + max(0, 0)) )/ 2 )
=1722.6/( ( 0 + 0 )/ 2 )
=1722.6/0
= %

where Working Capital is:

Working Capital(Q: Jul. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Oct. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2018) EBIT data.

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

Dell-VMWare Tracking Stock's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Oct. 2018 )
=1663.944/14038.707
=11.85 %

* 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.

Dell-VMWare Tracking Stock EBIT Related Terms

Dell-VMWare Tracking Stock EBIT Historical Data

* Premium members only.

The historical data trend for Dell-VMWare Tracking Stock'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.

Dell-VMWare Tracking Stock EBIT Chart

Dell-VMWare Tracking Stock Annual Data
Trend Jan17 Jan18
EBIT
0.00 1,384.98

Dell-VMWare Tracking Stock Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18
EBIT Get a 7-Day Free Trial Premium Member Only 348.91 486.26 311.33 435.70 430.65

XTER:12D vs CA, CTXS, PAGS: EBIT Comparison

For the Software - Infrastructure subindustry, Dell-VMWare Tracking Stock'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.

Dell-VMWare Tracking Stock EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Dell-VMWare Tracking Stock's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Dell-VMWare Tracking Stock's EV-to-EBIT falls into.


Dell-VMWare Tracking Stock 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 Oct. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,663.94 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €1,663.94 Mil mean?
Dell-VMWare Tracking Stock (XTER:12D) has a EBIT of €1,663.94 Mil as of Oct. 2018. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Dell-VMWare Tracking Stock.
Is Dell-VMWare Tracking Stock's EBIT too high?
Dell-VMWare Tracking Stock's current EBIT is €1,663.94 Mil.
How does Dell-VMWare Tracking Stock's EBIT compare to CA and CTXS?
Dell-VMWare Tracking Stock's EBIT of €1,663.94 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Software company?
A good EBIT depends on the Software industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Dell-VMWare Tracking Stock. Dell-VMWare Tracking Stock's current EBIT is €1,663.94 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dell-VMWare Tracking Stock stock overvalued right now?
Dell-VMWare Tracking Stock (XTER:12D) has a current EBIT of €1,663.94 Mil. The current EBIT is €1,663.94 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Dell-VMWare Tracking Stock (XTER:12D), the current EBIT is €1,663.94 Mil as of Oct. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Dell-VMWare Tracking Stock Business Description

Dell-VMWare Tracking Stock was incorporated in the state of Delaware on January 31, 2013 under the name of Denali Holding Inc. It changed its name to Dell Technologies Inc. on August 25, 2016. On September 7, 2016, a merger subsidiary of Dell Technologies merged with and into EMC Corporation, with EMC Corporation surviving the merger as a wholly-owned subsidiary of Dell Technologies. The company has issued a tracking stock to track the performance of a portion of Dell Technologies' economic interest in the VMware business. It is an information technology company. The company offers virtualization and cloud infrastructure solutions, which enable organizations to manage IT resources across complex multi-cloud, multi-device environments.