GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hennes & Mauritz AB (OTCPK:HNNMY) » Definitions » EBIT

Hennes & Mauritz AB (Hennes & Mauritz AB) EBIT : $1,649 Mil (TTM As of Feb. 2024)


View and export this data going back to 2007. Start your Free Trial

What is Hennes & Mauritz AB EBIT?

Hennes & Mauritz AB's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2024 was $201 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was $1,649 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hennes & Mauritz AB's annualized ROC % for the quarter that ended in Feb. 2024 was 4.11%. Hennes & Mauritz AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 10.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hennes & Mauritz AB's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 5.75%.


Hennes & Mauritz AB EBIT Historical Data

The historical data trend for Hennes & Mauritz AB'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.

Hennes & Mauritz AB EBIT Chart

Hennes & Mauritz AB Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,838.74 387.09 1,755.87 684.88 1,420.23

Hennes & Mauritz AB Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 -26.22 454.21 438.08 555.80 200.55

Competitive Comparison of Hennes & Mauritz AB's EBIT

For the Apparel Manufacturing subindustry, Hennes & Mauritz AB'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.


Hennes & Mauritz AB's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hennes & Mauritz AB's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hennes & Mauritz AB's EV-to-EBIT falls into.



Hennes & Mauritz AB 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,649 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.


Hennes & Mauritz AB  (OTCPK:HNNMY) EBIT Explanation

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

Hennes & Mauritz AB's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

ROC % (Q: Feb. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2023 ) + Invested Capital (Q: Feb. 2024 ))/ count )
=802.18 * ( 1 - 25.22% )/( (13709.018 + 15454.223)/ 2 )
=599.870204/14581.6205
=4.11 %

where

Invested Capital(Q: Nov. 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))
=16989.99 - 2099.837 - ( 2474.178 - max(0, 6366.525 - 7547.66+2474.178))
=13709.018

Invested Capital(Q: Feb. 2024 )
=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))
=16665.74 - 0 - ( 1997.008 - max(0, 5968.964 - 7180.481+1997.008))
=15454.223

Note: The Operating Income data used here is four times the quarterly (Feb. 2024) data.

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

Hennes & Mauritz AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2023  Q: Feb. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=802.18/( ( (7642.042 + max(-351.472, 0)) + (7687.166 + max(403.391, 0)) )/ 2 )
=802.18/( ( 7642.042 + 8090.557 )/ 2 )
=802.18/7866.2995
=10.20 %

where Working Capital is:

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(309.389 + 3501.415 + 783.644) - (2099.837 + 0 + 2846.083)
=-351.472

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1574.435 + 3609.038 + 0) - (0 + 0 + 4780.082)
=403.391

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

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

Hennes & Mauritz AB's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2024 )
=1648.63/28681.538
=5.75 %

* 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.


Hennes & Mauritz AB EBIT Related Terms

Thank you for viewing the detailed overview of Hennes & Mauritz AB's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Hennes & Mauritz AB (Hennes & Mauritz AB) Business Description

Address
Master Samuelsgatan 46A, Stockholm, SWE, SE-106 38
Hennes & Mauritz is a global multibrand fashion conglomerate that was founded in 1947. Its flagship H&M brand accounts for most of revenue, but the newer brands (COS, &Other Stories, Monki, Weekday, and newly launched Arket) are growing a bit faster. H&M commands low-single-digit market share in a fragmented global apparel market. Just under 70% of revenue is generated in Europe and Africa, 14% in Asia and Oceania, and 23% in North and South America. The company operates around 4,400 stores globally of which 3,947 are H&M-brand stores.

Hennes & Mauritz AB (Hennes & Mauritz AB) Headlines