Amcon Distributing Co (Amcon Distributing Co) EBIT

: $24 Mil (TTM As of Dec. 2023)

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Amcon Distributing Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Amcon Distributing Co's annualized ROC % for the quarter that ended in Dec. 2023 was 2.96%. Amcon Distributing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Amcon Distributing Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.52%.

Amcon Distributing Co EBIT Historical Data

The historical data trend for Amcon Distributing 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.

Amcon Distributing Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

6.41

9.20

18.03

23.73

25.85

Amcon Distributing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																5.63	5.28	8.14	6.80	4.19

Competitive Comparison

For the Food Distribution subindustry, Amcon Distributing 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.

Amcon Distributing Co EV-to-EBIT Distribution

For the Retail - Defensive industry and Consumer Defensive sector, Amcon Distributing Co's EV-to-EBIT distribution charts can be found below:

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

Amcon Distributing 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 $24 Mil.

Amcon Distributing Co (AMEX:DIT) EBIT Explanation

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

Amcon Distributing 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 )
=	15.292 * ( 1 - 42.88% )	/	( (294.026	+	296.611)	/ 2 )
=	8.7347904	/	295.3185
=	2.96 %

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	))
=	363.429	-	68.612	-	( 0.791	-	max(0, 76.63	-	245.671	+	0.791	))
=	294.026

	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	))
=	362.373	-	64.765	-	( 0.997	-	max(0, 72.757	-	243.431	+	0.997	))
=	296.611

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

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

Amcon Distributing 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 )
=	16.744	/	( ( (103.781 + max(174.413, 0))	+	(105.076 + max(176.151, 0)) )	/	2 )
=	16.744	/	( ( 278.194	+	281.227 )	/	2 )
=	16.744	/	279.7105
=	5.99 %

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)
=	(70.878	+	158.583	+	13.564)	-	(68.612	+	0	+	0)
=	174.413

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(68.823	+	158.167	+	13.926)	-	(64.765	+	0	+	0)
=	176.151

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	24.411	/	286.506
	=	8.52 %

Amcon Distributing Co EBIT Related Terms

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Amcon Distributing Co (Amcon Distributing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Amcon Distributing Co (AMEX:DIT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

7405 Irvington Road, Omaha, NE, USA, 68122

Website

https://www.amcon.com

Amcon Distributing Co is engaged in the wholesale and retail distribution of consumer products such as cigarettes, tobacco, confectionery, health food, and others. It operates in two segments: Wholesale distribution segment distributing consumer products to the retail outlets including convenience stores, grocery stores, liquor stores, drug stores, and tobacco shops in the Central, Rocky Mountain, and Southern regions of the United States; and the Retail health food segment is a specialty retailer of natural/organic groceries and dietary supplements throughout the Midwest and Florida. The company earns a majority of the revenue from the Wholesale distribution segment.

Executives

Kathleen M Evans	director, officer: President	15701 NORTH 47TH ST, OMAHA NE 68152
Charles J. Schmaderer	officer: VP,Controller,Secretary	7405 IRVINGTON ROAD, OMAHA NE 68122
Jeremy W Hobbs	director	444 NORTH MICHIGAN AVE, STE 2050, CHICAGO IL 60611
John R Loyack	director	ALVARADO SQUARE MS 2818, ALBUQUERQUE NM 87158
William F Wright	director, 10 percent owner, officer: Chairman	1431 STRATFORD CT, DEL MAR CA 92014
Timothy R Pestotnik	director	600 W BROADWAY, STE 2600, SAN DIEGO CA 92101
Stanley Mayer	director
Christopher H Atayan	director, officer: CEO and Vice Chairman	C/O SLUSSER ASSOCIATES, INC., 153 EAST 53RD STREET, NEW YORK NY 10022
Andrew Charles Plummer	officer: Chief Financial Officer	18325 JEFFERSON ST, OMAHA NE 68135
Eric J Hinkefent	officer: President of CNF and HFA	ROUTE 5, BOX 445, COWETA OK 74429
Raymond F Bentele	director	C/O MALLINCKRODT GROUP INC, 7733 FORSYTH BLVD, ST LOUIS MO 63105
Philip E Campbell	officer: SVP - Planning and Compliance	1302 ELMSHADE COVE, ROUND ROCK TX 78664
Draupnir Llc	10 percent owner	500 N DEARBORN, 2ND FL, CHICAGO IL 60610
Allen D Petersen	director, 10 percent owner	122 WEST COUNTY LINE ROAD, BARRINGTON HILLS IL 60010
Dawson Foundation Alexander	10 percent owner	4045 SOUTH SPENCER STREEET, SUITE 312, LAS VEGAS NV 89119