Heineken Holding NV (Heineken Holding NV) EBIT : $3,437 Mil (TTM As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Heineken Holding NV EBIT?

Heineken Holding NV's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $1,735 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $3,437 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Heineken Holding NV's annualized ROC % for the quarter that ended in Dec. 2023 was 5.42%. Heineken Holding NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 21.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Heineken Holding NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.45%.

Heineken Holding NV EBIT Historical Data

The historical data trend for Heineken Holding NV'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.

Heineken Holding NV EBIT Chart

Heineken Holding NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

4,286.67

836.98

5,449.72

4,902.54

3,448.20

Heineken Holding NV 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															3,376.27	2,342.50	2,555.09	1,702.06	1,735.01

Competitive Comparison of Heineken Holding NV's EBIT

For the Beverages - Brewers subindustry, Heineken Holding NV'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.

Heineken Holding NV's EV-to-EBIT Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken Holding NV's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Heineken Holding NV's EV-to-EBIT falls into.

Heineken Holding NV 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 $3,437 Mil.

Heineken Holding NV (OTCPK:HKHHF) EBIT Explanation

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

Heineken Holding NV'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 )
=	2988.004 * ( 1 - 2.57% )	/	( (54538.461	+	52802.618)	/ 2 )
=	2911.2122972	/	53670.5395
=	5.42 %

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	))
=	61215.601	-	10905.742	-	( 2348.862	-	max(0, 18144.095	-	13915.493	+	2348.862	))
=	54538.461

	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	))
=	59714.286	-	10647.764	-	( 2592.148	-	max(0, 16166.848	-	12430.752	+	2592.148	))
=	52802.618

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:

Heineken Holding NV'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 )
=	3470.01	/	( ( (15491.874 + max(-709.642, 0))	+	(16109.051 + max(-1756.815, 0)) )	/	2 )
=	3470.01	/	( ( 15491.874	+	16109.051 )	/	2 )
=	3470.01	/	15800.4625
=	21.96 %

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)
=	(6191.766	+	4734.561	+	640.304)	-	(10905.742	+	0	+	1370.531)
=	-709.642

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5473.282	+	4057.797	+	307.525)	-	(10647.764	+	0	+	947.655)
=	-1756.815

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:

Heineken Holding NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	3437.064	/	40657.643
	=	8.45 %

Heineken Holding NV EBIT Related Terms

Thank you for viewing the detailed overview of Heineken Holding NV's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Heineken Holding NV (Heineken Holding NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Heineken Holding NV (OTCPK:HKHHF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HKHHY:USA HEIO:Netherlands HEIOa:UK 0NBD:UK 4H50:Germany HEIO:Austria

Address

Tweede Weteringplantsoen 5, Amsterdam, NH, NLD, 1017 ZD

Website

https://www.heinekenholding.com

Heineken Holding NV holds more than 50% of Heineken NV's issued shares. It does not engage in operational activities and generates income almost exclusively by receiving Heineken dividends. Heineken Holding NV has five segments: Europe, Americas, Africa, Middle East & Eastern Europe, and Asia-Pacific. Heineken NV brews and sells more than 200 brands of beer in nearly 200 countries. Notable brands include Heineken, Amstel, Dos Equis, Tecate, Goldberg, Red Stripe, Legunitas, and Tiger. Close to half of Heineken NV's revenue comes from Europe, and nearly one third of its revenue comes from the Americas. The remaining revenue is split among the Asia-Pacific, Africa, and Middle East and Eastern Europe regions.