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International Flavors & Fragrances (International Flavors & Fragrances) EBIT : $-2,138 Mil (TTM As of Dec. 2023)


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What is International Flavors & Fragrances EBIT?

International Flavors & Fragrances's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-2,598 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-2,138 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. International Flavors & Fragrances's annualized ROC % for the quarter that ended in Dec. 2023 was 1.25%. International Flavors & Fragrances's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -137.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. International Flavors & Fragrances's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.72%.


International Flavors & Fragrances EBIT Historical Data

The historical data trend for International Flavors & Fragrances'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.

International Flavors & Fragrances EBIT Chart

International Flavors & Fragrances Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 695.00 573.00 643.00 -1,289.00 -2,138.00

International Flavors & Fragrances Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 99.00 125.00 166.00 169.00 -2,598.00

Competitive Comparison of International Flavors & Fragrances's EBIT

For the Specialty Chemicals subindustry, International Flavors & Fragrances'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.


International Flavors & Fragrances's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, International Flavors & Fragrances's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where International Flavors & Fragrances's EV-to-EBIT falls into.



International Flavors & Fragrances 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 $-2,138 Mil.

* 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.


International Flavors & Fragrances  (NYSE:IFF) EBIT Explanation

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

International Flavors & Fragrances'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 )
=368 * ( 1 - 1.21% )/( (30507 + 27643)/ 2 )
=363.5472/29075
=1.25 %

where

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

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

International Flavors & Fragrances'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 )
=-10392/( ( (4854 + max(2921, 0)) + (4955 + max(2437, 0)) )/ 2 )
=-10392/( ( 7775 + 7392 )/ 2 )
=-10392/7583.5
=-137.03 %

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)
=(1831 + 2706 + 842) - (2259 + 0 + 199)
=2921

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1726 + 2638 + 861) - (2632 + 0 + 156)
=2437

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:

International Flavors & Fragrances's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-2138/31832.856
=-6.72 %

* 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.


International Flavors & Fragrances EBIT Related Terms

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International Flavors & Fragrances (International Flavors & Fragrances) Business Description

Address
521 West 57th Street, New York, NY, USA, 10019-2960
International Flavors & Fragrances is the largest specialty ingredients producer globally. The company sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world. The firm also sells pharmaceutical ingredients such as excipients and time-release polymers.
Executives
Yuvraj Arora officer: President, Nourish INTERNATIONAL FLOWERS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019
Fauchon De Villeplee Christophe officer: President, Scent INTERNATIONAL FLAVORS & FRANGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Kevin O'byrne director INTERNATIONAL FLAVORS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019
Dawn C Willoughby director 1221 BROADWAY, OAKLAND CA 94612
Gaoxiang Hu director 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Mark J Costa director 200 SOUTH WILCOX DRIVE, P.O. BOX 431, KINGSPORT TN 37660
Ralf Finzel officer: EVP, Global Operations Officer INTERNATIONAL FLAVORS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019
Beril Yildiz officer: CAO, SVP & Controller ONE NEW YORK PLAZA, NEW YORK NY 10004
Deborah Borg officer: EVP, Chief HR and D&I Officer BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Francisco Fortanet officer: SVP, Operations 521 WEST 57TH STREET, NEW YORK NY 10019
Frank Clyburn officer: Chief Executive Officer 2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033
Barry A. Bruno director 500 CHARLES EWING BLVD, EWING NJ 08628
Glenn R Richter officer: CFO 3333 BEVERLY ROAD, B6 277A, HOFFMAN ESTATES IL 60179
Kathryn Jean Boor director 3736 S. MAIN STREET, MARION NY 14505
Edward D Breen director C/O TYCO INTERNATIONAL (US) INC, 9 WEST 57TH ST 43RD FL., NEW YORK NY 10019