Halo Food Co (ASX:HLF) EBIT : A$-47.96 Mil (TTM As of Mar. 2023)

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What is Halo Food Co EBIT?

Halo Food Co's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was A$-44.29 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was A$-47.96 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Halo Food Co's annualized ROC % for the quarter that ended in Mar. 2023 was -26.62%. Halo Food Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -321.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Halo Food Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -169.64%.

Halo Food Co EBIT Historical Data

The historical data trend for Halo Food 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.

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Halo Food Co EBIT Chart

Halo Food Co Annual Data

Trend

Sep17

Mar19

Mar20

Mar21

Mar22

EBIT

-3.29

-7.22

-7.87

-7.47

Halo Food Co Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
EBIT	Get a 7-Day Free Trial					-5.15	-2.83	-4.64	-3.67	-44.29

Competitive Comparison of Halo Food Co's EBIT

For the Packaged Foods subindustry, Halo Food 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.

Halo Food Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

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

Halo Food 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 Mar. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-47.96 Mil.

Halo Food Co (ASX:HLF) EBIT Explanation

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

Halo Food Co's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	-17.186 * ( 1 - 2.54% )	/	( (86.631	+	39.216)	/ 2 )
=	-16.7494756	/	62.9235
=	-26.62 %

where

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	103.991	-	15.593	-	( 3.483	-	max(0, 26.66	-	28.427	+	3.483	))
=	86.631

	Invested Capital		(Q: Mar. 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	))
=	58.607	-	18.167	-	( 2.77	-	max(0, 28.644	-	29.868	+	2.77	))
=	39.216

Note: The Operating Income data used here is two times the semi-annual (Mar. 2023) data.

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

Halo Food Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-88.572	/	( ( (27.072 + max(3.729, 0))	+	(18.298 + max(5.931, 0)) )	/	2 )
=	-88.572	/	( ( 30.801	+	24.229 )	/	2 )
=	-88.572	/	27.515
=	-321.90 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9.5	+	14.22	+	1.224)	-	(15.593	+	0	+	5.622)
=	3.729

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.614	+	12.656	+	7.828)	-	(18.167	+	1.623	+	1.377)
=	5.931

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-47.96	/	28.272
	=	-169.64 %

Halo Food Co EBIT Related Terms

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Halo Food Co (ASX:HLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Halo Food Co Ltd (ASX:HLF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

26-28 Bond Street, Level 5, Mordialloc, Melbourne, VIC, AUS, 3195

Website

https://www.halofoodco.com

Halo Food Co Ltd is engaged in the manufacturing and exporting of dairy, health, and wellness, and nutritional products, with a particular focus on formulated powdered products, ready-to-drink protein drinks. The Group earns the majority of its revenues from the sales of its proprietary products and contract manufacturing.