United Breweries Co (United Breweries Co) EBIT

: $212 Mil (TTM As of Dec. 2023)

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United Breweries Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $212 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. United Breweries Co's annualized ROC % for the quarter that ended in Dec. 2023 was 23.25%. United Breweries Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. United Breweries Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.97%.

United Breweries Co EBIT Historical Data

The historical data trend for United Breweries 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.

United Breweries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

286.51

236.39

389.43

244.15

206.41

United Breweries Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																88.58	123.35	8.36	32.87	47.33

Competitive Comparison

For the Beverages - Brewers subindustry, United Breweries 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.

United Breweries Co EV-to-EBIT Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, United Breweries Co's EV-to-EBIT distribution charts can be found below:

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

United Breweries 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $212 Mil.

United Breweries Co (NYSE:CCU) EBIT Explanation

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

United Breweries Co'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	389.652 * ( 1 - -58.76% )	/	( (2717.419	+	2602.898)	/ 2 )
=	618.6115152	/	2660.1585
=	23.25 %

where

	Invested Capital		(Q: Sep. 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	))
=	3982.79	-	569.478	-	( 695.893	-	max(0, 758.048	-	1796.8	+	695.893	))
=	2717.419

	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	))
=	3922.271	-	607.455	-	( 711.918	-	max(0, 787.54	-	1834.794	+	711.918	))
=	2602.898

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

United Breweries Co'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	189.316	/	( ( (1563.666 + max(306.985, 0))	+	(1500.353 + max(295.268, 0)) )	/	2 )
=	189.316	/	( ( 1870.651	+	1795.621 )	/	2 )
=	189.316	/	1833.136
=	10.33 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(363.408	+	555.817	+	55.601)	-	(569.478	+	0.793	+	97.57)
=	306.985

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(435.211	+	505.467	+	61.612)	-	(607.455	+	1.648	+	97.919)
=	295.268

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	211.902	/	3041.288
	=	6.97 %

United Breweries Co EBIT Related Terms

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United Breweries Co (United Breweries Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » United Breweries Co Inc (NYSE:CCU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CVU:Germany CCU:Chile

Address

Avenida Vitacura N° 2670, Twenty-Third Floor, Santiago, CHL

Website

https://www.ccu.cl

United Breweries Co Inc is a multi-category beverage company with operations in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The company is a player in each one of the beverage categories in which it participates in Chile, including beer, soft drinks, mineral and bottled water, juice, wine, cider and pisco, among others. The Company has three operating segment with respect to its revenues in the geographic areas of commercial activity: Chile; International business and Wine. It generates maximum revenue from Chile.