Ricegrowers (ASX:SGLLV) EBIT : A$104 Mil (TTM As of Oct. 2023)

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What is Ricegrowers EBIT?

Ricegrowers's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2023 was A$50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was A$104 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ricegrowers's annualized ROC % for the quarter that ended in Oct. 2023 was 9.14%. Ricegrowers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 13.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ricegrowers's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 14.80%.

Ricegrowers EBIT Historical Data

The historical data trend for Ricegrowers'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.

Ricegrowers EBIT Chart

Ricegrowers Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

EBIT

57.22

37.77

23.84

65.29

83.71

Ricegrowers Semi-Annual Data
	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
EBIT	Get a 7-Day Free Trial					24.17	41.12	28.84	54.87	49.62

Competitive Comparison of Ricegrowers's EBIT

For the Farm Products subindustry, Ricegrowers'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.

Ricegrowers's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

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

Ricegrowers 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$104 Mil.

Ricegrowers (ASX:SGLLV) EBIT Explanation

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

Ricegrowers's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	104.052 * ( 1 - 22.96% )	/	( (902.11	+	852.552)	/ 2 )
=	80.1616608	/	877.331
=	9.14 %

where

	Invested Capital		(Q: Apr. 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	))
=	1326.963	-	350.558	-	( 74.295	-	max(0, 700.224	-	951.183	+	74.295	))
=	902.11

	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	))
=	1264.905	-	361.675	-	( 50.678	-	max(0, 586.849	-	891.016	+	50.678	))
=	852.552

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

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

Ricegrowers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	99.23	/	( ( (270.114 + max(470.657, 0))	+	(269.596 + max(443.763, 0)) )	/	2 )
=	99.23	/	( ( 740.771	+	713.359 )	/	2 )
=	99.23	/	727.065
=	13.65 %

where Working Capital is:

	Working Capital		(Q: Apr. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(294.265	+	569.918	+	7.6270000000001)	-	(350.558	+	16.664	+	33.931)
=	470.657

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(290.157	+	548.767	+	1.414)	-	(361.675	+	4.16	+	30.74)
=	443.763

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	104.488	/	705.862
	=	14.80 %

Ricegrowers EBIT Related Terms

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Ricegrowers (ASX:SGLLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ricegrowers Ltd (ASX:SGLLV) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

7H0:Germany

Address

57 Yanco Avenue, Leeton, NSW, AUS, 2705

Website

https://www.sunrice.com.au

Ricegrowers Ltd is engaged in offering varieties of rice and related products. The business activities of the company are operated under Rice Food, International Rice, Rice Food, Riviana, CopRice, and Corporate segments. The principal activities of the company and its entities consist of the purchase and storage of paddy rice, the milling, processing, manufacturing, procurement, distribution, and marketing of rice and related products, animal feed and nutrition products, groceries, and others. The company generates maximum revenue from the International Rice segment.

Ricegrowers (ASX:SGLLV) Headlines

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