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United Malt Group (ASX:UMG) EBIT : A$16 Mil (TTM As of Mar. 2023)


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What is United Malt Group EBIT?

United Malt Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was A$5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was A$16 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. United Malt Group's annualized ROC % for the quarter that ended in Mar. 2023 was 1.51%. United Malt Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 0.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. United Malt Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 0.74%.

United Malt Group EBIT Historical Data

The historical data trend for United Malt Group'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.

United Malt Group EBIT Chart

United Malt Group Annual Data
Trend Sep19 Sep20 Sep21 Sep22
EBIT
- 81.40 42.30 32.30

United Malt Group Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
EBIT Get a 7-Day Free Trial 23.60 18.70 21.60 10.70 5.00

Competitive Comparison of United Malt Group's EBIT

For the Beverages - Brewers subindustry, United Malt Group'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.

United Malt Group's EV-to-EBIT Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, United Malt Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where United Malt Group's EV-to-EBIT falls into.


United Malt Group 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 Mar. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$16 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.

United Malt Group  (ASX:UMG) EBIT Explanation

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

United Malt Group'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: Sep. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=26.6 * ( 1 - -1.47% )/( (1714.6 + 1865.3)/ 2 )
=26.99102/1789.95
=1.51 %

where

Invested Capital(Q: Sep. 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))
=2236.1 - 298.6 - ( 222.9 - max(0, 565.2 - 981.2+222.9))
=1714.6

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))
=2177.1 - 152.7 - ( 159.1 - max(0, 544.9 - 931.8+159.1))
=1865.3

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

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

United Malt Group'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: Sep. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=10/( ( (839.9 + max(443.7, 0)) + (831.9 + max(612.3, 0)) )/ 2 )
=10/( ( 1283.6 + 1444.2 )/ 2 )
=10/1363.9
=0.73 %

where Working Capital is:

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(248.5 + 475.7 + 51.2) - (298.6 + 0.2 + 32.9)
=443.7

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(264.2 + 506.7 + 20.8) - (152.7 + 0.5 + 26.2)
=612.3

When net working capital is negative, 0 is used.

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

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

United Malt Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=15.7/2131.986
=0.74 %

* 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.

United Malt Group EBIT Related Terms

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United Malt Group (ASX:UMG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » United Malt Group Ltd (ASX:UMG) » Definitions » EBIT
Comparable Companies
ASX:GDA ASX:TSI ASX:MCL XBRU:ABI XAMS:HEIA BSP:ABEV3 HKSE:01876 XAMS:HEIO TSE:2502 HKSE:00291 OCSE:CARL B SHSE:600600 TSX:TPX.B TAP TSE:2503 XZIM:DLTA.ZW SHSE:605499 TSE:2587 SHSE:600132 BOM:532478
Traded in Other Exchanges
N/A
Address
18110 SE 34th Street, Suite 240, Vancouver, WA, USA, 98683
Website
https://www.unitedmalt.com
United Malt processes grains into malt, primarily for brewing into beer. The company is the fourth largest global malt processor and works with some of the world's largest breweries and distillers as well as fast growing craft producers. The business has capacity to process about 1.25 million metric tons of malt annually, primarily housed in the U.S. and Canada, serving the North American beer market, with additional facilities in Australia (serving both domestic brewing and exports to Asia) and the U.K. (selling to Scotch whisky distillers).

United Malt Group (ASX:UMG) Headlines

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