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Sealed Air (Sealed Air) EBIT

: $710 Mil (TTM As of Dec. 2023)
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Sealed Air's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $197 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $710 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sealed Air's annualized ROC % for the quarter that ended in Dec. 2023 was 15.40%. Sealed Air's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 46.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sealed Air's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.80%.


Sealed Air EBIT Historical Data

The historical data trend for Sealed Air'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.

Sealed Air Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 554.40 800.60 890.90 898.80 707.20

Sealed Air Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT 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 Premium Member Only Premium Member Only Premium Member Only 229.40 154.50 211.00 148.00 196.80

Competitive Comparison

For the Packaging & Containers subindustry, Sealed Air'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.


Sealed Air EV-to-EBIT Distribution

For the Packaging & Containers industry and Consumer Cyclical sector, Sealed Air's EV-to-EBIT distribution charts can be found below:

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



Sealed Air 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 $710 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.


Sealed Air  (NYSE:SEE) EBIT Explanation

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

Sealed Air'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 )
=846.8 * ( 1 - -7.77% )/( (6298.1 + 5551.1)/ 2 )
=912.59636/5924.6
=15.40 %

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:

Sealed Air'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 )
=787.2/( ( (1472.2 + max(257.8, 0)) + (1502.9 + max(174.7, 0)) )/ 2 )
=787.2/( ( 1730 + 1677.6 )/ 2 )
=787.2/1703.8
=46.20 %

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)
=(479.8 + 834.2 + 394.7) - (788.3 + 0 + 662.6)
=257.8

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(442.6 + 774.3 + 261.2) - (1303.4 + 0 + 0)
=174.7

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=710.3/9105.359
=7.80 %

* 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.


Sealed Air EBIT Related Terms

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Sealed Air (Sealed Air) Business Description

Traded in Other Exchanges
Address
2415 Cascade Pointe Boulevard, Charlotte, NC, USA, 28208
Sealed Air is organized via two reporting segments. Food care includes food packaging products like Cryovac, Darfresh, and OptiDure aimed primarily at meats. Product care includes Sealed Air's Bubble Wrap, Instapak, Jiffy mailers, and shrink film packaging systems that cater to industrial and e-commerce applications.
Executives
Doheny Edward L Ii director, officer: COO and CEO-Designate 100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Veronika Johnson officer: CAO and Controller 9696 SADDLE AVENUE, MARVIN NC 28173
Clay M Johnson director 2415 CASCADE, C/O SEALED AIR CORPORATION, CHARLOTTE NC 28208
Dustin J. Semach officer: CFO Designate 1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
Jerry R. Whitaker director TWO NORTHSHORE CENTER, PITTSBURGH PA 15212
Zubaid Ahmad director C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BLVD, CHARLOTTE NC 28208
Sergio A Pupkin officer: Vice President C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC 28208
Emile Z. Chammas officer: Senior Vice President SEALED AIR CORPORATION, 200 RIVERFRONT BOULEVARD, ELMWOOD PARK NJ 07407
Henry R. Keizer director MONTPELIER HOUSE, 94 PITTS BAY ROAD, PEMBROKE D0 HM 08
Kevin C Berryman director 521 WEST 57TH STREET, NEW YORK NY 10019
Shuxian Susan Yang officer: Vice President, Treasurer C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NY 28208
Jannick Thomsen officer: VP, Chf PPL & Digital Officer C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC 28208
Gerd Wichmann officer: President, EMEA C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC 28208
Tobias Grasso officer: President, Americas C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC 28208
Alessandra Faccin Assis officer: President, APAC C/O SEALED AIR CORPORATION, 2415, CHARLOTTE NC 28208