GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Honeywell Flour Mills PLC (NSA:HFM) » Definitions » EBIT

Honeywell Flour Mills (NSA:HFM) EBIT : ₦1,155 Mil (TTM As of Mar. 2023)


View and export this data going back to 2009. Start your Free Trial

What is Honeywell Flour Mills EBIT?

Honeywell Flour Mills's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₦1,155 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was ₦1,155 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Honeywell Flour Mills's annualized ROC % for the quarter that ended in Mar. 2023 was -0.02%. Honeywell Flour Mills's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 1.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Honeywell Flour Mills's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 1.23%.


Honeywell Flour Mills EBIT Historical Data

The historical data trend for Honeywell Flour Mills'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.

Honeywell Flour Mills EBIT Chart

Honeywell Flour Mills Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,793.99 5,497.63 7,646.05 5,315.07 1,154.72

Honeywell Flour Mills Semi-Annual Data
Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
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 3,793.99 5,497.63 7,646.05 5,315.07 1,154.72

Competitive Comparison of Honeywell Flour Mills's EBIT

For the Packaged Foods subindustry, Honeywell Flour Mills'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.


Honeywell Flour Mills's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

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



Honeywell Flour Mills 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was ₦1,155 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.


Honeywell Flour Mills  (NSA:HFM) EBIT Explanation

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

Honeywell Flour Mills'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: Mar. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=916.721 * ( 1 - 102.88% )/( (160808.85 + 154534.412)/ 2 )
=-26.4015648/157671.631
=-0.02 %

where

Invested Capital(Q: Mar. 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))
=148696.031 - 4656.982 - ( 13703.349 - max(0, 68217.954 - 51448.153+13703.349))
=160808.85

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))
=164999.977 - 21551.381 - ( 8041.162 - max(0, 90173.174 - 79087.358+8041.162))
=154534.412

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

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

Honeywell Flour Mills'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: Mar. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1154.717/( ( (97061.562 + max(9702.605, 0)) + (85750.076 + max(23337.975, 0)) )/ 2 )
=1154.717/( ( 106764.167 + 109088.051 )/ 2 )
=1154.717/107926.109
=1.07 %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2951.783 + 31725.805 + 2730.359) - (4656.982 + 0 + 23048.36)
=9702.605

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1150.403 + 32056.412 + 37731.419) - (21551.381 + 0 + 26048.878)
=23337.975

When net working capital is negative, 0 is used.

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

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

Honeywell Flour Mills's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=1154.717/94197.597
=1.23 %

* 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.


Honeywell Flour Mills EBIT Related Terms

Thank you for viewing the detailed overview of Honeywell Flour Mills's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Honeywell Flour Mills (NSA:HFM) Business Description

Traded in Other Exchanges
N/A
Address
2nd Gate Bye-Pass, Tin Can Island, Apapa, Lagos, NGA
Honeywell Flour Mills PLC is a Nigeria-based company. It is engaged in the manufacturing of wheat-based products such as flour, semolina, whole wheat meal, noodles, and pasta. The company operates its business through geographical segments that are Ikeja, which manufacture noodles; Sagamu segment manufactures Pasta and Apapa, which manufactures flour, semolina, wheat meal, brown flour and Baker's delight flour. The Apapa generates maximum revenue for the company. The company offers its services throughout Nigeria region.

Honeywell Flour Mills (NSA:HFM) Headlines

No Headlines