Diamond Foods (Diamond Foods) EBIT : $75.3 Mil (TTM As of Oct. 2015)

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What is Diamond Foods EBIT?

Diamond Foods's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2015 was $16.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2015 was $75.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Diamond Foods's annualized ROC % for the quarter that ended in Oct. 2015 was 6.34%. Diamond Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2015 was 23.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Diamond Foods's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2015 was 6.36%.

Diamond Foods EBIT Historical Data

The historical data trend for Diamond Foods'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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Diamond Foods EBIT Chart

Diamond Foods Annual Data

Trend

Jul06

Jul07

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Jul14

Jul15

EBIT

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53.63

-50.59

-118.25

-27.34

75.97

Diamond Foods Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15
EBIT	Get a 7-Day Free Trial															17.54	20.16	15.52	22.76	16.91

Competitive Comparison of Diamond Foods's EBIT

For the Packaged Foods subindustry, Diamond Foods'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.

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

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

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

Diamond Foods 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $75.3 Mil.

Diamond Foods (NAS:DMND) EBIT Explanation

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

Diamond Foods's annualized ROC % for the quarter that ended in Oct. 2015 is calculated as:

	ROC % (Q: Oct. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2015 )	+	Invested Capital (Q: Oct. 2015 ))	/ count )
=	73.544 * ( 1 - 6.7% )	/	( (1075.229	+	1089.67)	/ 2 )
=	68.616552	/	1082.4495
=	6.34 %

where

	Invested Capital		(Q: Jul. 2015 )
=	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	))
=	1212.692	-	124.705	-	( 12.758	-	max(0, 136.751	-	283.229	+	12.758	))
=	1075.229

	Invested Capital		(Q: Oct. 2015 )
=	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	))
=	1281.782	-	185.258	-	( 6.854	-	max(0, 205.348	-	353.194	+	6.854	))
=	1089.67

Note: The Operating Income data used here is four times the quarterly (Oct. 2015) data.

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

Diamond Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2015		Q: Oct. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	67.62	/	( ( (137.065 + max(145.766, 0))	+	(141.599 + max(161.082, 0)) )	/	2 )
=	67.62	/	( ( 282.831	+	302.681 )	/	2 )
=	67.62	/	292.756
=	23.10 %

where Working Capital is:

	Working Capital		(Q: Jul. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(95.005	+	158.805	+	16.661)	-	(124.705	+	0	+	0)
=	145.766

	Working Capital		(Q: Oct. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(111.267	+	214.472	+	20.601)	-	(185.258	+	0	+	0)
=	161.082

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2015) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2015 )
	=	75.339	/	1184.500
	=	6.36 %

Diamond Foods EBIT Related Terms

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Diamond Foods (Diamond Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Diamond Foods Inc (NAS:DMND) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.diamondfoods.com

Diamond Foods Inc was incorporated in Delaware in 2005 as the successor to Diamond Walnut Growers, Inc., a member-owned California agricultural cooperative association. In July 2005, Diamond Walnut Growers, Inc. merged with and into Diamond Foods, Inc., converted from a cooperative association to a Delaware corporation and completed an initial public offering of Diamond Foods' common stock. The Company is a packaged food company focused on building and energizing brands. It is engaged in processing, marketing and distributing snack products and culinary, in-shell and ingredient nuts. The Company's segments include Snacks and Nuts. The Company sells snack products under Kettle Brand(r) and Pop Secret(r) brands. Microwave popcorn products are offered in traditional flavors. In March 2010, the Company complemented its snack portfolio with the acquisition of Kettle Foods, a premium potato chip company. Kettle Foods products are offered in a variety of flavors and sizes. Its snack products are typically available in grocery store snack, natural and produce aisles, mass merchandisers, club stores, convenience stores, drug stores, natural food stores and other places where snacks are sold. Under the nuts segment the Company sells nut products under the Emerald brand, and Diamond of California(r) brand in grocery store baking aisles and produce aisles and through mass merchandisers and club stores. Culinary nuts are marketed to individuals who prepare meals or baked goods at home and who value fresh, high-quality products. The Company also sell in-shell nuts under the Diamond of California(r) brand during the winter holiday season. Its non-retail nut business includes international markets and North American ingredient customers. It market ingredient nuts internationally under the Diamond of California(r) brand to food processors, restaurants, bakeries and food service companies and their suppliers. Diamond's institutional and industrial customers use its standard or customer-specified products to add flavor and texture in their product offerings. It also sells in-shell nuts to international markets. Emerald products include roasted, glazed and flavored nuts, trail mixes, granola, dried fruit and similar offerings that are sold where snack nuts and convenient breakfast items are sold. The Company obtains its raw materials from domestic and international sources. The Company's products competes with other food industries. It is subject to governmental laws and regulations.

Executives

Edward A Blechschmidt	director	ONE HEALTHSOUTH PARKWAY, BIRMINGHAM AL 35243
Linda B Segre	officer: EVP, Chief Strat. & People Ofc	2180 RUTHERFORD ROAD, CARLSBAD CA 92008
David Colo	officer: EVP, Chief Operating Officer	C/O DIAMOND FOODS, INC., 600 MONTGOMERY STREET, 13TH FLOOR, SAN FRANCISCO CA 94111
Richard Dean Hollis	director	3603 HAVEN AVENUE, SUITE E, MENLO PARK CA 94025
Robert Zollars	director	3061 ZANKER RD, SAN JOSEC CA 95134
Nigel A Rees	director	ONE POST STREET, SAN FRANCISCO CA 94104
Raymond Silcock	officer: EVP & Chief Financial Officer	399 JEFFERSON ROAD, PARSIPPANY NJ 07054
Alison Davis	director	255 FISERV DRIVE, BROOKFIELD WI 53045
Brian J Driscoll	director, officer: President & CEO	THREE LAKES DR, NORTHFIELD IL 60093
Celeste A. Clark	director	C/O ADVANCEPIERRE FOODS HOLDINGS, INC., 9987 CARVER ROAD, BLUE ASH OH 45242
Stephen Kim	officer: EVP, GC & Chief Legal Officer	CO DIAMOND FOODS INC., 600 MONTGOMERY STREET 33RD FLOOR, SAN FRANCISCO CA 94111
Oaktree Holdings, Inc.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Management Lp	10 percent owner	333 S GRAND AVE 28TH FL, LOS ANGELES CA 90071
Oaktree Holdings, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Holdings I, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071