JBS (JBSAY) EBIT : $1,488 Mil (TTM As of Dec. 2023)

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What is JBS EBIT?

JBS's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $530 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,488 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. JBS's annualized ROC % for the quarter that ended in Dec. 2023 was 7.96%. JBS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. JBS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.56%.

JBS EBIT Historical Data

The historical data trend for JBS'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.

JBS EBIT Chart

JBS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,989.17

2,507.11

6,037.93

4,895.98

1,473.20

JBS 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															645.26	-18.89	404.26	572.66	529.63

Competitive Comparison of JBS's EBIT

For the Packaged Foods subindustry, JBS'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.

JBS's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, JBS's EV-to-EBIT distribution charts can be found below:

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

JBS 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 $1,488 Mil.

JBS (OTCPK:JBSAY) EBIT Explanation

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

JBS'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 )
=	1565.672 * ( 1 - -53.75% )	/	( (30205.34	+	30278.368)	/ 2 )
=	2407.2207	/	30241.854
=	7.96 %

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	))
=	42597.91	-	7072.696	-	( 5319.874	-	max(0, 10098.344	-	17127.207	+	5319.874	))
=	30205.34

	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	))
=	42577.834	-	7729.949	-	( 4569.517	-	max(0, 9896.96	-	16236.326	+	4569.517	))
=	30278.368

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

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

JBS'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 )
=	2118.504	/	( ( (14148.021 + max(1888.018, 0))	+	(14623.959 + max(1982.331, 0)) )	/	2 )
=	2118.504	/	( ( 16036.039	+	16606.29 )	/	2 )
=	2118.504	/	16321.1645
=	12.98 %

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)
=	(3267.489	+	6943.093	+	710.443)	-	(7072.696	+	1116.213	+	844.098)
=	1888.018

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3390.856	+	6813.383	+	543.45)	-	(7729.949	+	112.595	+	922.814)
=	1982.331

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:

JBS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1487.65	/	26769.118
	=	5.56 %

JBS EBIT Related Terms

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JBS (JBSAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » JBS SA (OTCPK:JBSAY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

YJ3A:Germany JBSS3:Brazil

Address

Avenue Marginal Direita do Tiete, 500, Bloco 3, Vila Jaguara, Sao Paulo, SP, BRA, 05118-100

Website

https://www.jbs.com.br

JBS SA is an international company involved in beef, lamb, and poultry processing. It is originally from Brazil. JBS is one of the world's exporters of animal protein, selling to more than 150 countries. Sales offices are in Brazil, the United States, Australia, Canada, Argentina, Uruguay, Paraguay, Mexico, Italy, Ireland, the United Kingdom, France, the Netherlands, China, and Russia, among others. The company also sells hygiene and cleaning products, collagen, metal packaging, and biodiesel, among others.