JM Smucker Co (JM Smucker Co) EBIT

: $207 Mil (TTM As of Jan. 2024)

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JM Smucker Co's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $295 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $207 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. JM Smucker Co's annualized ROC % for the quarter that ended in Jan. 2024 was 6.11%. JM Smucker Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 41.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. JM Smucker Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 1.02%.

JM Smucker Co EBIT Historical Data

The historical data trend for JM Smucker 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.

JM Smucker Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

EBIT

909.50

1,215.90

1,349.00

1,004.70

142.80

JM Smucker Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
EBIT																313.30	-643.30	270.50	284.50	295.30

Competitive Comparison

For the Packaged Foods subindustry, JM Smucker 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.

JM Smucker Co EV-to-EBIT Distribution

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

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

JM Smucker 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $207 Mil.

JM Smucker Co (NYSE:SJM) EBIT Explanation

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

JM Smucker Co's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

	ROC % (Q: Jan. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2023 )	+	Invested Capital (Q: Jan. 2024 ))	/ count )
=	1585.2 * ( 1 - 38.41% )	/	( (12658.2	+	19298)	/ 2 )
=	976.32468	/	15978.1
=	6.11 %

where

	Invested Capital		(Q: Oct. 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	))
=	18123.7	-	1435.8	-	( 4056.6	-	max(0, 1834.4	-	5864.1	+	4056.6	))
=	12658.2

	Invested Capital		(Q: Jan. 2024 )
=	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	))
=	20247.2	-	1492.6	-	( 35.9	-	max(0, 2467.4	-	1924	+	35.9	))
=	19298

Note: The Operating Income data used here is four times the quarterly (Jan. 2024) data.

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

JM Smucker Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jan. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2023		Q: Jan. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1181.2	/	( ( (2547.7 + max(6.3000000000009, 0))	+	(3187.2 + max(-120.7, 0)) )	/	2 )
=	1181.2	/	( ( 2554	+	3187.2 )	/	2 )
=	1181.2	/	2870.6
=	41.15 %

where Working Capital is:

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(587.9	+	1084.9	+	134.7)	-	(1435.8	+	0	+	365.4)
=	6.3000000000009

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(789.6	+	987.6	+	110.9)	-	(1492.6	+	0	+	516.2)
=	-120.7

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2024 )
	=	207	/	20353.275
	=	1.02 %

JM Smucker Co EBIT Related Terms

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JM Smucker Co (JM Smucker Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » JM Smucker Co (NYSE:SJM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

JM2:Germany S1JM34:Brazil

Address

One Strawberry Lane, Orrville, OH, USA, 44667-0280

Website

https://www.jmsmucker.com

J.M. Smucker is a packaged food company that primarily sells through the U.S. retail channel (77% of forecast fiscal 2024 revenue), with the remaining share consisting of Hostess, foodservice, and international (primarily Canada). Following the divestiture of several pet foods brands and private-label products that constituted about $1.5 billion of sales, retail coffee is now its largest category (33% of sales) with brands Folgers and Dunkin'. Pet foods (22% of sales) holds leading brands like Milk-Bone and Meow Mix. Of its remaining, approximately 22% comes from consumer foods, primarily peanut butter and jelly, through brands Jif and Smucker's. The company acquired Hostess Brands in fiscal 2024 to boost its snack and convenience store presence.

Executives

Tucker H Marshall	officer: Chief Financial Officer	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Tarang Amin	director	C/O SCHIFF NUTRITION INTERNATIONAL, INC., 2002 SOUTH 5070 WEST, SALT LAKE CITY UT 84104
Amy C Held	officer: Chief Strategy & Int'l Officer	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Mercedes Abramo	director	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Richard K Smucker	director, officer: President	C/ WM WRIGLEY JR CO, 410 N MICHIGAN AVE, CHICAGO IL 60611
Mark T Smucker	officer: Vice President
Jill R Penrose	officer: Chief People & Admin Officer	ONE STRAWBERRY LANE, ORRVILLE OH 44667
John P Brase	officer: Chief Operating Officer	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Jeannette L Knudsen	officer: Chief Legal & Compliance Offic	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Geoff E Tanner	officer: Chief Marketing & Commercial	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Johnson Jonathan E Iii	director	6322 S 300 S, STE 100, SALT LAKE CITY UT 84121
Nancy Lopez Knight	director	2308 TARA DRIVE, ALBANY GA 31721
Jay L Henderson	director	50 SOUTH LASALLE ST, CHICAGO IL 60603
Dawn C Willoughby	director	1221 BROADWAY, OAKLAND CA 94612
Sandra Pianalto	director	1000 EATON BOULEVARD, CLEVELAND OH 44122