DFS Furniture (LSE:DFS) EBIT : £62 Mil (TTM As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is DFS Furniture EBIT?

DFS Furniture's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £62 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DFS Furniture's annualized ROC % for the quarter that ended in Dec. 2023 was 3.37%. DFS Furniture's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DFS Furniture's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.59%.

DFS Furniture EBIT Historical Data

The historical data trend for DFS Furniture'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.

DFS Furniture EBIT Chart

DFS Furniture Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

Get a 7-Day Free Trial

29.80

-44.10

133.20

85.80

63.60

DFS Furniture Semi-Annual Data
	Jul13	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															36.10	49.70	22.50	41.10	20.90

Competitive Comparison of DFS Furniture's EBIT

For the Furnishings, Fixtures & Appliances subindustry, DFS Furniture'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.

DFS Furniture's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, DFS Furniture's EV-to-EBIT distribution charts can be found below:

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

DFS Furniture 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 £62 Mil.

DFS Furniture (LSE:DFS) EBIT Explanation

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

DFS Furniture'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 )
=	56 * ( 1 - 33.33% )	/	( (1151.8	+	1067)	/ 2 )
=	37.3352	/	1109.4
=	3.37 %

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	))
=	1059.2	-	132.3	-	( 26.7	-	max(0, 321.9	-	97	+	26.7	))
=	1151.8

	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	))
=	1042.8	-	232	-	( 13.7	-	max(0, 334.7	-	78.5	+	13.7	))
=	1067

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:

DFS Furniture'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 )
=	41.8	/	( ( (410 + max(-167.9, 0))	+	(411.3 + max(-178, 0)) )	/	2 )
=	41.8	/	( ( 410	+	411.3 )	/	2 )
=	41.8	/	410.65
=	10.18 %

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)
=	(7.7	+	55.8	+	6.4)	-	(132.3	+	0	+	105.5)
=	-167.9

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.5	+	52.1	+	2.2)	-	(232	+	0	+	10.8)
=	-178

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	62	/	817.100
	=	7.59 %

DFS Furniture EBIT Related Terms

Thank you for viewing the detailed overview of DFS Furniture's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

DFS Furniture (LSE:DFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » DFS Furniture PLC (LSE:DFS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

DFSl:UK

Address

Adwick-le-Street, 1 Rockingham Way, Redhouse Interchange, Doncaster, South Yorkshire, GBR, DN6 7NA

Website

https://www.dfscorporate.co.uk

DFS Furniture PLC is an upholstery retailer in the United Kingdom. It is engaged in designing, manufacturing, selling, delivering and installing a range of sofas, and other upholstered and furniture products. The company's segment includes DFS; Sofology and others. It generates maximum revenue from the DFS segment. DFS segment includes the retailing of upholstered furniture and related products through DFS and Dwell branded stores and websites.