DSW Capital (LSE:DSW) EBIT : £0.09 Mil (TTM As of Sep. 2023)

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What is DSW Capital EBIT?

DSW Capital's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was £-0.05 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was £0.09 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DSW Capital's annualized ROC % for the quarter that ended in Sep. 2023 was -16.13%. DSW Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -10.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DSW Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 1.11%.

DSW Capital EBIT Historical Data

The historical data trend for DSW Capital'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.

DSW Capital EBIT Chart

DSW Capital Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

0.89

1.01

1.65

0.02

0.73

DSW Capital Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial				0.70	-0.68	0.60	0.13	-0.05

Competitive Comparison of DSW Capital's EBIT

For the Specialty Business Services subindustry, DSW Capital'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.

DSW Capital's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, DSW Capital's EV-to-EBIT distribution charts can be found below:

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

DSW Capital 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.09 Mil.

DSW Capital (LSE:DSW) EBIT Explanation

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

DSW Capital's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-0.446 * ( 1 - -63.49% )	/	( (3.83	+	5.209)	/ 2 )
=	-0.7291654	/	4.5195
=	-16.13 %

where

	Invested Capital		(Q: Mar. 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	))
=	8.958	-	0.544	-	( 4.584	-	max(0, 0.768	-	6.425	+	4.584	))
=	3.83

	Invested Capital		(Q: Sep. 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	))
=	8.375	-	0.349	-	( 2.817	-	max(0, 0.505	-	5.039	+	2.817	))
=	5.209

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

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

DSW Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.094	/	( ( (0.44 + max(0.247, 0))	+	(0.387 + max(0.665, 0)) )	/	2 )
=	-0.094	/	( ( 0.687	+	1.052 )	/	2 )
=	-0.094	/	0.8695
=	-10.81 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.924	+	0	+	0)	-	(0.544	+	0	+	0.133)
=	0.247

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.077	+	0	+	0)	-	(0.349	+	0	+	0.063)
=	0.665

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	0.086	/	7.754
	=	1.11 %

DSW Capital EBIT Related Terms

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DSW Capital (LSE:DSW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » DSW Capital PLC (LSE:DSW) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

7400 Daresbury Park, Daresbury, Warrington, GBR, WA4 4BS

Website

https://www.dswcapital.com

DSW Capital PLC is a challenger mid-market professional services business. It operates a licensing model and licenses the DSW and associated brand names in return for a royalty based on a percentage of fee income. The DSW network currently employs 82 fee earners across England and Scotland. It recruits skilled professionals, in focused niches of expertise to run its own business and provide services to mid-market corporates, owner-managers, private equity firms, and high net-worth individuals.

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