Shaw Communications (Shaw Communications) EBIT : $964 Mil (TTM As of Nov. 2022)

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What is Shaw Communications EBIT?

Shaw Communications's earnings before interest and taxes (EBIT) for the three months ended in Nov. 2022 was $218 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2022 was $964 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shaw Communications's annualized ROC % for the quarter that ended in Nov. 2022 was 5.83%. Shaw Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2022 was 19.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shaw Communications's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2022 was 5.05%.

Shaw Communications EBIT Historical Data

The historical data trend for Shaw Communications'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.

Shaw Communications EBIT Chart

Shaw Communications Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

EBIT

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322.80

857.38

867.79

1,032.62

995.59

Shaw Communications Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
EBIT	Get a 7-Day Free Trial															261.80	253.32	262.85	229.93	217.73

Competitive Comparison of Shaw Communications's EBIT

For the Telecom Services subindustry, Shaw Communications'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.

Shaw Communications's EV-to-EBIT Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Shaw Communications's EV-to-EBIT distribution charts can be found below:

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

Shaw Communications 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 Nov. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $964 Mil.

Shaw Communications (NYSE:SJR) EBIT Explanation

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

Shaw Communications's annualized ROC % for the quarter that ended in Nov. 2022 is calculated as:

	ROC % (Q: Nov. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2022 )	+	Invested Capital (Q: Nov. 2022 ))	/ count )
=	909.564 * ( 1 - 25.66% )	/	( (11631.184	+	11557.554)	/ 2 )
=	676.1698776	/	11594.369
=	5.83 %

where

	Invested Capital		(Q: Aug. 2022 )
=	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	))
=	12207.169	-	742.432	-	( 325.927	-	max(0, 1175.195	-	1008.748	+	325.927	))
=	11631.184

	Invested Capital		(Q: Nov. 2022 )
=	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	))
=	11691.313	-	567.734	-	( 213.272	-	max(0, 1356.915	-	922.94	+	213.272	))
=	11557.554

Note: The Operating Income data used here is four times the quarterly (Nov. 2022) data.

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

Shaw Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Nov. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2022		Q: Nov. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	870.924	/	( ( (4554.463 + max(-438.181, 0))	+	(4367.987 + max(-287.583, 0)) )	/	2 )
=	870.924	/	( ( 4554.463	+	4367.987 )	/	2 )
=	870.924	/	4461.225
=	19.52 %

where Working Capital is:

	Working Capital		(Q: Aug. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(280.251	+	71.224	+	142.448)	-	(742.432	+	154.835	+	34.837)
=	-438.181

	Working Capital		(Q: Nov. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(255.629	+	67.623	+	141.19)	-	(567.734	+	147.878	+	36.413)
=	-287.583

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Nov. 2022) EBIT data.

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

Shaw Communications's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Nov. 2022 )
	=	963.836	/	19096.532
	=	5.05 %

Shaw Communications EBIT Related Terms

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Shaw Communications (Shaw Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Shaw Communications Inc (NYSE:SJR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

630 - 3rd Avenue S.W., Suite 900, Finance Department, Calgary, AB, CAN, T2P 4L4

Website

https://www.shaw.ca

Shaw Communications is a Canadian cable company that is one of the biggest providers of internet, television, and landline telephone services in British Columbia, Alberta, Saskatchewan, Manitoba, and northern Ontario. In fiscal 2021, more than 75% of Shaw's total revenue resulted from this wireline business. Shaw now also offers wireless service over most of Canada's population footprint after acquiring Wind Mobile in 2016. As a smaller carrier, Shaw has favored bidding status in spectrum auctions, giving it a further boost in enhancing its wireless network. At the 2019 auction, Shaw added significant amounts of 600 MHz spectrum to the 700 MHz spectrum it is currently deploying.