Avolta AG (Avolta AG) EBIT : $948 Mil (TTM As of Dec. 2023)

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What is Avolta AG EBIT?

Avolta AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $619 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $948 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avolta AG's annualized ROC % for the quarter that ended in Dec. 2023 was 5.33%. Avolta AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 16.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Avolta AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.33%.

Avolta AG EBIT Historical Data

The historical data trend for Avolta AG'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.

Avolta AG EBIT Chart

Avolta AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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467.54

-2,858.62

-168.95

516.75

961.96

Avolta AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															239.52	157.18	353.05	329.41	618.99

Competitive Comparison of Avolta AG's EBIT

For the Specialty Retail subindustry, Avolta AG'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.

Avolta AG's EV-to-EBIT Distribution in the Retail - Cyclical Industry

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

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

Avolta AG 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $948 Mil.

Avolta AG (OTCPK:DUFRY) EBIT Explanation

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

Avolta AG's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1170.676 * ( 1 - 20.84% )	/	( (14833.297	+	19956.753)	/ 2 )
=	926.7071216	/	17395.025
=	5.33 %

where

	Invested Capital		(Q: Jun. 2023 )
=	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	))
=	15180.364	-	1218.458	-	( 1160.706	-	max(0, 4123.612	-	3252.221	+	1160.706	))
=	14833.297

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	19096.785	-	1062.673	-	( 889.801	-	max(0, 4787.003	-	2864.362	+	889.801	))
=	19956.753

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Avolta AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1237.974	/	( ( (5254.998 + max(-1165.482, 0))	+	(9676.688 + max(-1256.244, 0)) )	/	2 )
=	1237.974	/	( ( 5254.998	+	9676.688 )	/	2 )
=	1237.974	/	7465.843
=	16.58 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(147.046	+	1330.964	+	29.431)	-	(1218.458	+	0	+	1454.465)
=	-1165.482

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(47.757	+	1228.03	+	32.493)	-	(1062.673	+	0	+	1501.851)
=	-1256.244

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	948.396	/	17801.629
	=	5.33 %

Avolta AG EBIT Related Terms

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Avolta AG (Avolta AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Avolta AG (OTCPK:DUFRY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

DFRYF:USA AVOLz:UK 0QK3:UK D2JA:Germany AVOL:Switzerland

Address

Brunngasslein 12, Basel, CHE, 4010

Website

https://www.avoltaworld.com

Dufry is the world's largest duty-free shop operator and leader in travel retail. Airports make up over 80% of the company's (Dufry and acquired Autogrill) total revenue. Dufry's main markets are Europe and the Americas (about 47% revenue each), while Asia contributed 6% in 2022.