Adbri (ASX:ABC) EBIT : A$119 Mil (TTM As of Dec. 2023)

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What is Adbri EBIT?

Adbri's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$119 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Adbri's annualized ROC % for the quarter that ended in Dec. 2023 was -4.01%. Adbri's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Adbri's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.17%.

Adbri EBIT Historical Data

The historical data trend for Adbri'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.

Adbri EBIT Chart

Adbri Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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63.50

127.00

156.40

136.00

119.30

Adbri 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															77.40	62.10	73.90	79.80	39.50

Competitive Comparison of Adbri's EBIT

For the Building Materials subindustry, Adbri'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.

Adbri's EV-to-EBIT Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Adbri's EV-to-EBIT distribution charts can be found below:

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

Adbri 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 A$119 Mil.

Adbri (ASX:ABC) EBIT Explanation

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

Adbri'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 )
=	-130.8 * ( 1 - 27.68% )	/	( (2336.8	+	2375.8)	/ 2 )
=	-94.59456	/	2356.3
=	-4.01 %

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	))
=	2651.1	-	209.1	-	( 105.2	-	max(0, 266.7	-	613.3	+	105.2	))
=	2336.8

	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	))
=	2620.9	-	175.6	-	( 69.5	-	max(0, 235.3	-	542.9	+	69.5	))
=	2375.8

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:

Adbri'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 )
=	79	/	( ( (1388.7 + max(251.4, 0))	+	(1443.1 + max(203.1, 0)) )	/	2 )
=	79	/	( ( 1640.1	+	1646.2 )	/	2 )
=	79	/	1643.15
=	4.81 %

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)
=	(277.8	+	170.3	+	60)	-	(209.1	+	0	+	47.6)
=	251.4

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(187.5	+	181.2	+	59.4)	-	(175.6	+	2.1	+	47.3)
=	203.1

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	119.3	/	2857.933
	=	4.17 %

Adbri EBIT Related Terms

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Adbri (ASX:ABC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Adbri Ltd (ASX:ABC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ADBCF:USA GHO:Germany

Address

157 Grenfell Street, Level 1, GPO Box 2155, Adelaide, SA, AUS, 5001

Website

https://www.adbri.com.au

Adbri specializes in the production and supply of construction materials, including cement, lime, concrete, aggregates, and masonry, from a nationwide network of plants and quarries. Selling about five million metric tons of cement per year and almost one million metric tons of lime, Adbri is the second-largest cement producer and largest lime producer in Australia, with a focus on customers in the residential construction, infrastructure, and mining sectors.

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