Deutsche Boerse AG (XTER:DB1) EBIT : €2,610 Mil (TTM As of Mar. 2024)

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What is Deutsche Boerse AG EBIT?

Deutsche Boerse AG's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €745 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €2,610 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Deutsche Boerse AG's annualized ROC % for the quarter that ended in Mar. 2024 was 0.84%. Deutsche Boerse AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 503.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Deutsche Boerse AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -2.66%.

Deutsche Boerse AG EBIT Historical Data

The historical data trend for Deutsche Boerse 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.

Deutsche Boerse AG EBIT Chart

Deutsche Boerse AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,460.70

1,627.70

1,779.90

2,190.20

2,562.70

Deutsche Boerse AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															690.20	650.50	568.60	645.30	745.30

Competitive Comparison of Deutsche Boerse AG's EBIT

For the Financial Data & Stock Exchanges subindustry, Deutsche Boerse 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.

Deutsche Boerse AG's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Deutsche Boerse AG's EV-to-EBIT distribution charts can be found below:

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

Deutsche Boerse 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,610 Mil.

Deutsche Boerse AG (XTER:DB1) EBIT Explanation

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

Deutsche Boerse AG's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	2981.2 * ( 1 - 26.78% )	/	( (232810.2	+	284510.3)	/ 2 )
=	2182.83464	/	258660.25
=	0.84 %

where

	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	))
=	237726.9	-	2026.5	-	( 140499	-	max(0, 211420	-	214310.2	+	140499	))
=	232810.2

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	287718.1	-	0	-	( 176468.3	-	max(0, 259024.9	-	262232.7	+	176468.3	))
=	284510.3

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Deutsche Boerse AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2981.2	/	( ( (605.6 + max(-154353.9, 0))	+	(579 + max(-173260.5, 0)) )	/	2 )
=	2981.2	/	( ( 605.6	+	579 )	/	2 )
=	2981.2	/	592.3
=	503.33 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1832.2	+	0	+	53990.4)	-	(2026.5	+	0	+	208150)
=	-154353.9

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	85764.4)	-	(0	+	0	+	259024.9)
=	-173260.5

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2609.7	/	-97964.209
	=	-2.66 %

Deutsche Boerse AG EBIT Related Terms

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Deutsche Boerse AG (XTER:DB1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Deutsche Boerse AG (XTER:DB1) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

DBOEY:USA DBOEF:USA DB1:Mexico DB1:Italy DB1d:UK 0H3T:UK DBO:Austria

Address

Mergenthalerallee 61, Eschborn, Frankfurt, HE, DEU, 60485

Website

https://www.deutsche-boerse.com

Deutsche Boerse is a financial exchange company headquartered in Frankfurt, Germany. The company primarily generates revenue through its Eurex and Clearstream segments. Eurex allows for the trading and clearing of derivatives. Clearstream offers custody and settlement services for domestic and international securities, as well as collateral management services. Other segments include Xetra, which generates revenue through trading and clearing cash equities, STOXX (an index business), and several others.

Executives

Heike Eckert	Board of Directors
Dr. Christoph Böhm	Board of Directors
Dr. Stephan Leithner	Board of Directors
Dr. Thomas Book	Board of Directors
Gregor Pottmeyer	Board of Directors
Dr. Theodor Weimer	Board of Directors

Deutsche Boerse AG (XTER:DB1) Headlines

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