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Collins Foods (ASX:CKF) EBIT : A$77 Mil (TTM As of Oct. 2023)


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What is Collins Foods EBIT?

Collins Foods's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2023 was A$61 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was A$77 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Collins Foods's annualized ROC % for the quarter that ended in Oct. 2023 was 1.21%. Collins Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 17.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Collins Foods's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 4.06%.


Collins Foods EBIT Historical Data

The historical data trend for Collins 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.

* Premium members only.

Collins Foods EBIT Chart

Collins Foods Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.55 64.70 90.64 110.90 48.10

Collins Foods Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 51.81 59.08 32.14 15.96 60.98

Competitive Comparison of Collins Foods's EBIT

For the Restaurants subindustry, Collins 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.


Collins Foods's EV-to-EBIT Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Collins Foods's EV-to-EBIT distribution charts can be found below:

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



Collins 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$77 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.


Collins Foods  (ASX:CKF) EBIT Explanation

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

Collins Foods'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 )
=23.226 * ( 1 - 31.64% )/( (1302.71 + 1326.288)/ 2 )
=15.8772936/1314.499
=1.21 %

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))
=1370.372 - 116.515 - ( 80.236 - max(0, 179.158 - 130.305+80.236))
=1302.71

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))
=1390.389 - 121.942 - ( 98.144 - max(0, 181.302 - 123.461+98.144))
=1326.288

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:

Collins Foods'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 )
=121.956/( ( (690.338 + max(-84.45, 0)) + (704.382 + max(-108.909, 0)) )/ 2 )
=121.956/( ( 690.338 + 704.382 )/ 2 )
=121.956/697.36
=17.49 %

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)
=(20.099 + 8.32 + 21.65) - (116.515 + 2.013 + 15.991)
=-84.45

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.57 + 8.254 + 14.493) - (121.942 + 2.114 + 10.17)
=-108.909

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Oct. 2023 )
=76.933/1893.896
=4.06 %

* 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.


Collins Foods EBIT Related Terms

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Collins Foods (ASX:CKF) Business Description

Traded in Other Exchanges
Address
485 Kingsford Smith Drive, Level 3, KSD1, Hamilton, QLD, AUS, 4007
Collins Foods is an operator of quick service restaurants, or QSRs. It franchises restaurant brands from U.S.-listed Yum Brands, including KFC in Australia, Germany, and the Netherlands, as well as Taco Bell in Australia. Most of its revenue and earnings are generated in Australia, where Collins is the largest franchisee of KFC, ahead of Restaurant Brands New Zealand.In the Netherlands, Collins has signed a corporate franchise agreement, giving it more control over development and oversight of the Dutch franchisee network.Earnings growth is underpinned by its store network expansion, both new restaurants and acquisitions of existing sites. Competitive pricing is key to maintaining share in the QSR market, and the company has generally increased at or below consumer price index growth.

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