GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Treasury Wine Estates Ltd (OTCPK:TSRYY) » Definitions » EBIT

Treasury Wine Estates (Treasury Wine Estates) EBIT : $324 Mil (TTM As of Dec. 2023)


View and export this data going back to 2011. Start your Free Trial

What is Treasury Wine Estates EBIT?

Treasury Wine Estates's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $220 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $324 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Treasury Wine Estates's annualized ROC % for the quarter that ended in Dec. 2023 was 3.75%. Treasury Wine Estates's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 22.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Treasury Wine Estates's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.31%.


Treasury Wine Estates EBIT Historical Data

The historical data trend for Treasury Wine Estates'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.

Treasury Wine Estates EBIT Chart

Treasury Wine Estates Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 479.44 351.76 355.20 348.42 328.39

Treasury Wine Estates 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 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 147.35 203.65 225.78 103.83 219.68

Competitive Comparison of Treasury Wine Estates's EBIT

For the Beverages - Wineries & Distilleries subindustry, Treasury Wine Estates'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.


Treasury Wine Estates's EV-to-EBIT Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Treasury Wine Estates's EV-to-EBIT distribution charts can be found below:

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



Treasury Wine Estates 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 $324 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.


Treasury Wine Estates  (OTCPK:TSRYY) EBIT Explanation

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

Treasury Wine Estates'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 )
=220.75 * ( 1 - 26.46% )/( (3903.221 + 4754.016)/ 2 )
=162.33955/4328.6185
=3.75 %

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))
=4759.262 - 476.309 - ( 379.732 - max(0, 737.181 - 1501.477+379.732))
=3903.221

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))
=5508.902 - 462.784 - ( 292.102 - max(0, 613.454 - 1506.961+292.102))
=4754.016

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:

Treasury Wine Estates'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 )
=439.358/( ( (1319.799 + max(491.074, 0)) + (1395.315 + max(654.216, 0)) )/ 2 )
=439.358/( ( 1810.873 + 2049.531 )/ 2 )
=439.358/1930.202
=22.76 %

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)
=(301.074 + 664.631 + 94.295) - (476.309 + 12.55 + 80.067)
=491.074

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(487.818 + 709.304 + 17.737) - (462.784 + 7.497 + 90.362)
=654.216

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:

Treasury Wine Estates's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=323.505/7504.674
=4.31 %

* 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.


Treasury Wine Estates EBIT Related Terms

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


Treasury Wine Estates (Treasury Wine Estates) Business Description

Traded in Other Exchanges
Address
161 Collins Street, Level 8, Melbourne, VIC, AUS, 3000
Treasury Wine Estates is an Australia-based global wine company that demerged from Foster's Group in 2011. The company is among the world's top five wine producers, and owns a portfolio that includes Australian labels such as Penfolds and Wolf Blass, U.S. wines like Chateau St Jean and Sterling, and newly launched names such as 19 Crimes and Maison de Grand Esprit. An acquisition of Diageo's wine business in 2016 added additional U.S. brands including BV and Stags' Leap. Treasury owns over 130 wineries, with more than 13,000 planted hectares.

Treasury Wine Estates (Treasury Wine Estates) Headlines

From GuruFocus

Treasury Wine Estates Works to Integrate Diageo's Wine Unit

By Holmes Osborne, CFA Holmes Osborne, CFA 08-23-2016

David Herro Comments on Treasury Wine Estates

By Holly LaFon Holly LaFon 01-11-2016

Treasury Wine Estates Won't Stay Down Forever

By Holmes Osborne, CFA Holmes Osborne, CFA 05-14-2021

Treasury Wine Estates Growing With Global Wine Interest

By Holmes Osborne, CFA Holmes Osborne, CFA 04-26-2019