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Delta Apparel's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-24.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-50.8 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Delta Apparel's annualized ROC % for the quarter that ended in Mar. 2024 was -25.61%. Delta Apparel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -38.50%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Delta Apparel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -26.69%.
The historical data trend for Delta Apparel'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.
Delta Apparel Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 15.90 | -7.08 | 32.71 | 31.78 | -29.44 |
Delta Apparel 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 | -5.35 | -4.46 | -17.00 | -4.95 | -24.44 |
For the Apparel Manufacturing subindustry, Delta Apparel'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.
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Delta Apparel's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Delta Apparel's EV-to-EBIT falls into.
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 $-50.8 Mil.
* 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.
Delta Apparel (AMEX:DLA) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Delta Apparel'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 ) |
= | -62.624 * ( 1 - -30.07% ) | / | ( (346.519 | + | 289.624) | / 2 ) |
= | -81.4550368 | / | 318.0715 | |||
= | -25.61 % |
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 | )) |
= | 424.904 | - | 78.008 | - | ( 0.377 | - | max(0, 213.27 | - | 234.739 | + | 0.377 | )) |
= | 346.519 |
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 | )) |
= | 365.899 | - | 75.57 | - | ( 0.705 | - | max(0, 196.362 | - | 198.03 | + | 0.705 | )) |
= | 289.624 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Delta Apparel'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 ) |
= | -97.744 | / | ( ( (119.507 + max(154.139, 0)) | + | (114.275 + max(119.828, 0)) ) | / | 2 ) |
= | -97.744 | / | ( ( 273.646 | + | 234.103 ) | / | 2 ) |
= | -97.744 | / | 253.8745 | ||||
= | -38.50 % |
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) |
= | (32.273 | + | 196.348 | + | 3.526) | - | (78.008 | + | 0 | + | 2.8421709430404E-14) |
= | 154.139 |
Working Capital | (Q: Mar. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (35.206 | + | 156.894 | + | 3.298) | - | (75.57 | + | 0 | + | 0) |
= | 119.828 |
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:
Delta Apparel's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2024 ) |
= | -50.847 | / | 190.533 | |
= | -26.69 % |
* 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.
Thank you for viewing the detailed overview of Delta Apparel's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffery Neil Stillwell | officer: President, Salt Life Group | 24 12TH STREET, COLUMBUS GA 29601 |
Billy Charles Hardgrave | director | 2750 PREMIERE PKWY., SUITE 100, DULUTH GA 30097 |
Glenda E Hood | director | |
David G Whalen | director | 4 HOLLY LANE, BARRINGTON RI 02806 |
James Bradley Campbell | director | 215 MCDANIEL AVENUE, GREENVILLE SC 29601 |
Nancy P Bubanich | officer: VP & Chief Accounting Officer | 201 WEST MCBEE AVENUE, SUITE 320, GREENVILLE SC 29601 |
George Jay Gogue | director | 322 S. MAIN STREET, GREENVILLE SC 29601 |
Justin Marshall Grow | officer: General Counsel | 322 S. MAIN STREET, GREENVILLE SC 29601 |
Taylor A Alexander Ii | director | 4080 JENKINS ROAD, CHATTANOOGA TN 31421 |
Sonya E Medina | director | P.O. BOX 99900, LOUISVILLE KY 40269 |
Matthew Joel Miller | officer: President, Delta Group | 2859 PACES FERRY RD., #2000, ATLANTA GA 30339 |
Deborah H Merrill | officer: VP Chief Accounting Officer | 2750 PREMIERE PARKWAY, DULUTH GA 30097 |
Simone C Walsh | officer: VP, CFO & Treasurer | 600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339 |
Encalada Arjona Carlos Enrique | officer: V.P. of Manufacturing | 322 SOUTH MAIN STREET, GREENVILLE SC 29601 |
Sandra Lauren Satterfield | officer: Deputy GC & Corp. Secretary | 2750 PREMIERE PARKWAY, SUITE 100, DULUTH SC 29601 |
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