Coca-Cola Europacific Partners (Coca-Cola Europacific Partners) EBIT : $2,571 Mil (TTM As of Dec. 2023)

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What is Coca-Cola Europacific Partners EBIT?

Coca-Cola Europacific Partners's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $1,276 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $2,571 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coca-Cola Europacific Partners's annualized ROC % for the quarter that ended in Dec. 2023 was 7.25%. Coca-Cola Europacific Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 45.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Coca-Cola Europacific Partners's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.16%.

Coca-Cola Europacific Partners EBIT Historical Data

The historical data trend for Coca-Cola Europacific Partners'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.

Coca-Cola Europacific Partners EBIT Chart

Coca-Cola Europacific Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,767.78

991.48

1,734.46

2,244.70

2,579.06

Coca-Cola Europacific Partners Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															1,132.20	1,047.57	1,194.92	1,294.69	1,275.90

Competitive Comparison of Coca-Cola Europacific Partners's EBIT

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Europacific Partners'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.

Coca-Cola Europacific Partners's EV-to-EBIT Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Europacific Partners's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Coca-Cola Europacific Partners's EV-to-EBIT falls into.

Coca-Cola Europacific Partners 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $2,571 Mil.

Coca-Cola Europacific Partners (NAS:CCEP) EBIT Explanation

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

Coca-Cola Europacific Partners's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	2761.178 * ( 1 - 26.04% )	/	( (27069.339	+	29245.366)	/ 2 )
=	2042.1672488	/	28157.3525
=	7.25 %

where

	Invested Capital		(Q: Jun. 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	))
=	32280.607	-	6628.386	-	( 2138.678	-	max(0, 9497.291	-	8080.173	+	2138.678	))
=	27069.339

	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	))
=	31901.854	-	3390.403	-	( 2166.848	-	max(0, 7936.75	-	7202.835	+	2166.848	))
=	29245.366

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

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

Coca-Cola Europacific Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2551.8	/	( ( (5500.542 + max(-1023.835, 0))	+	(5827.699 + max(-1814.613, 0)) )	/	2 )
=	2551.8	/	( ( 5500.542	+	5827.699 )	/	2 )
=	2551.8	/	5664.1205
=	45.05 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3174.431	+	1856.988	+	814.735)	-	(6628.386	+	0	+	241.603)
=	-1023.835

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2777.535	+	1478.735	+	448.201)	-	(3390.403	+	0	+	3128.681)
=	-1814.613

When net working capital is negative, 0 is used.

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

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

Coca-Cola Europacific Partners's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2570.591	/	41701.374
	=	6.16 %

Coca-Cola Europacific Partners EBIT Related Terms

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Coca-Cola Europacific Partners (Coca-Cola Europacific Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Europacific Partners PLC (NAS:CCEP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CCEP:Netherlands CCEPa:UK CCEP:UK CCEP:Spain CK0:Germany CK0:Germany

Address

Bakers Road, Pemberton House, Uxbridge, GBR, UB8 1EZ

Website

https://www.cocacolaep.com

CCEP is the second-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa, and primarily operates in developed Europe (78% of 2022 revenue and 73% of EBIT) and Australasia (22% and 27%, respectively). In 2023 it announced the planned acquisition of Coca-Cola Beverages Philippines from TCCC.In 2022, CCEP sold 3.3 billion unit cases of beverages, which we estimate equates to roughly 9% of the global Coke system volume. Coke's largest bottler, Coca-Cola Femsasold 3.75 billion unit cases (11%), and the third-largest, Coca-Cola HBC, serving Eastern Europe and North Africa, sold 2.7 billion unit cases (8%).TCCC owns 19% of the equity of CCEP, Olive Partners, a holding company of bottling operations, owns a further 36%, and the remaining 45% is free float.