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EMC's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2016 was $894 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $3,224 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. EMC's annualized ROC % for the quarter that ended in Jun. 2016 was 6.86%. EMC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was 94.97%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield.
The historical data trend for EMC'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.
EMC Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
EBIT | Get a 7-Day Free Trial | 3,419.00 | 3,883.00 | 4,021.00 | 3,909.00 | 3,046.00 |
EMC Quarterly Data | ||||||||||||||||||||
Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | |
EBIT | Get a 7-Day Free Trial | 730.00 | 737.00 | 1,166.00 | 427.00 | 894.00 |
For the Computer Hardware subindustry, EMC'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.
For the Hardware industry and Technology sector, EMC's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where EMC's EV-to-EBIT falls into.
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 Jun. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,224 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.
EMC (NYSE:EMC) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
EMC's annualized ROC % for the quarter that ended in Jun. 2016 is calculated as:
ROC % (Q: Jun. 2016 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Mar. 2016 ) | + | Invested Capital (Q: Jun. 2016 )) | / count ) |
= | 3528 * ( 1 - 26.06% ) | / | ( (38590 | + | 37489) | / 2 ) |
= | 2608.6032 | / | 38039.5 | |||
= | 6.86 % |
where
Invested Capital | (Q: Mar. 2016 ) | |||||||||||
= | 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 | )) |
= | 45703 | - | 3799 | - | ( 9801 | - | max(0, 11286 | - | 14600 | + | 9801 | )) |
= | 38590 |
Invested Capital | (Q: Jun. 2016 ) | |||||||||||
= | 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 | )) |
= | 46745 | - | 4109 | - | ( 11761 | - | max(0, 11403 | - | 16550 | + | 11761 | )) |
= | 37489 |
Note: The Operating Income data used here is four times the quarterly (Jun. 2016) data.
2. Joel Greenblatt's definition of Return on Capital:
EMC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 is calculated as:
ROC (Joel Greenblatt) % | (Q: Jun. 2016 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Mar. 2016 | Q: Jun. 2016 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 3576 | / | ( ( (3806 + max(-5562, 0)) | + | (3725 + max(-5814, 0)) ) | / | 2 ) |
= | 3576 | / | ( ( 3806 | + | 3725 ) | / | 2 ) |
= | 3576 | / | 3765.5 | ||||
= | 94.97 % |
where Working Capital is:
Working Capital | (Q: Mar. 2016 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (2941 | + | 1233 | + | 625) | - | (3799 | + | 6477 | + | 85) |
= | -5562 |
Working Capital | (Q: Jun. 2016 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (2896 | + | 1243 | + | 650) | - | (4109 | + | 6421 | + | 73) |
= | -5814 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Jun. 2016) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
EMC's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Jun. 2016 ) |
= | 3224 | / | 0.000 | |
= | % |
* 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.
Thank you for viewing the detailed overview of EMC's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Laura Sen | director | ONE MERCER ROAD, P.O. BOX 9601, NATICK MA 01760-9601 |
John R Egan | director | 176 SOUTH ST., HOPKINTON MA 01748 |
Donald J Carty | director | C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244 |
Judith A Miscik | director | 300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265 |
William D Green | director | C/O ACCENTURE, 161 N CLARK STREET, CHICAGO IL 60601 |
William F Scannell | officer: President,Global Sales/Cust Op | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Randolph L Cowen | director | 176 SOUTH STREET HOPKINTON MA 01748 |
Howard D Elias | officer: President & COO, Glob Ent Srvs | C/O EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Paul T Dacier | officer: EVP & General Counsel | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Erin Mcsweeney | officer: EVP, Human Resources | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Teuber William J Jr | officer: Vice Chairman | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
James S Distasio | director | C/O EVERSOURCE ENERGY, 300 CADWELL DRIVE, BOSTON MA 01104 |
Paul Sagan | director | AKAMAI TECHNOLOGIES INC, 8 CAMBRIDGE CENTER, CAMBRIDGE MA 02142 |
Jeremy Burton | officer: President, Prod & Marketing | C/O SNOWFLAKE INC., 106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715 |
David I Goulden | officer: CEO, EMCII | 176 SOUTH STREET, HOPKINTON MA 01748 |
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