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BlueScope Steel (ASX:BSL) EBIT : A$1,378 Mil (TTM As of Dec. 2023)


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What is BlueScope Steel EBIT?

BlueScope Steel's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$698 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$1,378 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BlueScope Steel's annualized ROC % for the quarter that ended in Dec. 2023 was 7.41%. BlueScope Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BlueScope Steel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.65%.

BlueScope Steel EBIT Historical Data

The historical data trend for BlueScope Steel'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.

BlueScope Steel EBIT Chart

BlueScope Steel Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,364.50 333.30 1,729.40 3,831.30 1,516.80

BlueScope Steel Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 2,248.60 1,582.70 836.30 680.50 697.90

Competitive Comparison of BlueScope Steel's EBIT

For the Steel subindustry, BlueScope Steel'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.

BlueScope Steel's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, BlueScope Steel's EV-to-EBIT distribution charts can be found below:

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


BlueScope Steel 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$1,378 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.

BlueScope Steel  (ASX:BSL) EBIT Explanation

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

BlueScope Steel's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=1193 * ( 1 - 24.35% )/( (12268.5 + 12096.1)/ 2 )
=902.5045/12182.3
=7.41 %

where

Invested Capital(Q: Jun. 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))
=15935.1 - 2176.8 - ( 1489.8 - max(0, 3474.4 - 6757.8+1489.8))
=12268.5

Invested Capital(Q: Dec. 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))
=15270.8 - 1836.9 - ( 1337.8 - max(0, 2890.7 - 6124.7+1337.8))
=12096.1

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

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

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

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1395.8/( ( (6029.1 + max(1854.2, 0)) + (6127.2 + max(2078, 0)) )/ 2 )
=1395.8/( ( 7883.3 + 8205.2 )/ 2 )
=1395.8/8044.25
=17.35 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1742.3 + 3214.4 + 199.6) - (2176.8 + 131.4 + 993.9)
=1854.2

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1435.9 + 3021.3 + 329.7) - (1836.9 + 9.5 + 862.5)
=2078

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1378.4/9410.815
=14.65 %

* 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.

BlueScope Steel EBIT Related Terms

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BlueScope Steel (ASX:BSL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BlueScope Steel Ltd (ASX:BSL) » Definitions » EBIT
Comparable Companies
ASX:CIA ASX:SGM ASX:VSL ASX:BCI ASX:MGX ASX:FEX ASX:BIS ASX:IRD ASX:GWR ASX:M4M NUE BOM:500228 XKRX:005490 STLD NSE:TATASTEEL XAMS:MT TSE:5401 SHSE:600019 RS MIC:CHMF
Traded in Other Exchanges
BLSFY:USA BLSFF:USA BH5:Germany
Address
181 William Street, Level 24, Melbourne, VIC, AUS, 3000
Website
https://www.bluescope.com
BlueScope is an Australian-based steelmaking firm with five business units. The Australian Steel Products segment mainly specializes in branded coated and painted flat steel products, sold domestically. North Star is the group's U.S. mini-mill specializing in the production of hot rolled coil for U.S. construction and automotive sectors. Building Products Asia and North America operate across Southeast Asia, China, India, and the U.S. West Coast involved in metal-coating, painting, and roll-forming. New Zealand Steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands. The Buildings North America segment specializes in non-residential buildings, including materials manufacturing and support services.