Spirit Pub Co (LSE:SPRT) EBIT : £169.6 Mil (TTM As of Feb. 2015)

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What is Spirit Pub Co EBIT?

Spirit Pub Co's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2015 was £33.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2015 was £169.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Spirit Pub Co's annualized ROC % for the quarter that ended in Feb. 2015 was 7.71%. Spirit Pub Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2015 was 4.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Spirit Pub Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2015 was 11.55%.

Spirit Pub Co EBIT Historical Data

The historical data trend for Spirit Pub Co'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.

Spirit Pub Co EBIT Chart

Spirit Pub Co Annual Data

Trend

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

EBIT

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-109.20

-12.20

-536.40

122.60

166.60

Spirit Pub Co Semi-Annual Data
	Aug08	Aug09	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15
EBIT	Get a 7-Day Free Trial							41.00	81.60	30.30	136.30	33.30

Competitive Comparison of Spirit Pub Co's EBIT

For the Leisure subindustry, Spirit Pub Co'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.

Spirit Pub Co's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Spirit Pub Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Spirit Pub Co's EV-to-EBIT falls into.

Spirit Pub Co 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 Feb. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was £169.6 Mil.

Spirit Pub Co (LSE:SPRT) EBIT Explanation

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

Spirit Pub Co's annualized ROC % for the quarter that ended in Feb. 2015 is calculated as:

	ROC % (Q: Feb. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2014 )	+	Invested Capital (Q: Feb. 2015 ))	/ count )
=	125.4 * ( 1 - -14.71% )	/	( (1896.9	+	1836.2)	/ 2 )
=	143.84634	/	1866.55
=	7.71 %

where

	Invested Capital		(Q: Aug. 2014 )
=	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	))
=	1957.8	-	78	-	( 159.1	-	max(0, 222.7	-	205.6	+	159.1	))
=	1896.9

	Invested Capital		(Q: Feb. 2015 )
=	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	))
=	1948.3	-	132.3	-	( 144.1	-	max(0, 200.1	-	179.9	+	144.1	))
=	1836.2

Note: The Operating Income data used here is two times the semi-annual (Feb. 2015) data.

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

Spirit Pub Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2014		Q: Feb. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	66.6	/	( ( (1435.2 + max(-161.5, 0))	+	(1452.2 + max(-151.4, 0)) )	/	2 )
=	66.6	/	( ( 1435.2	+	1452.2 )	/	2 )
=	66.6	/	1443.7
=	4.61 %

where Working Capital is:

	Working Capital		(Q: Aug. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.3	+	9.2	+	33)	-	(78	+	0	+	130)
=	-161.5

	Working Capital		(Q: Feb. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	8.7	+	27.1)	-	(132.3	+	0	+	54.9)
=	-151.4

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2015) EBIT data.

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

Spirit Pub Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2015 )
	=	169.6	/	1467.994
	=	11.55 %

Spirit Pub Co EBIT Related Terms

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Spirit Pub Co (LSE:SPRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Spirit Pub Co PLC (LSE:SPRT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.spiritpubcompany.com

Spirit Pub Co PLC was incorporated in England. The Company's trading activities are divided into two divisions; namely a Managed division and a Leased division. The Managed division involves pubs that are directly managed by the Group, and a Leased division which involves the granting of leases to licensees who run the pub as their own business, paying rent to the Group, purchasing beer and other drinks from the Group and entering into profit sharing arrangements for income from leisure machines. The Company holds 794 Managed pubs and 433 Leased pubs. The group operates solely in the United Kingdom.