BHP Group (BHP Group) EBIT

: $30,671 Mil (TTM As of Dec. 2021)

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BHP Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2021 was $14,980 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2021 was $30,671 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BHP Group's annualized ROC % for the quarter that ended in Dec. 2021 was 21.35%. BHP Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was 41.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BHP Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was 17.93%.

BHP Group EBIT Historical Data

The historical data trend for BHP 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.

BHP Group Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

EBIT

12,637.00

16,273.00

16,614.00

14,843.00

25,150.00

BHP Group Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
EBIT																8,532.00	6,311.00	9,459.00	15,691.00	14,980.00

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, BHP 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.

BHP Group EV-to-EBIT Distribution

For the Metals & Mining industry and Basic Materials sector, BHP Group's EV-to-EBIT distribution charts can be found below:

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

BHP 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 Dec. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was $30,671 Mil.

BHP Group (NYSE:BBL) EBIT Explanation

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

BHP Group's annualized ROC % for the quarter that ended in Dec. 2021 is calculated as:

	ROC % (Q: Dec. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2021 )	+	Invested Capital (Q: Dec. 2021 ))	/ count )
=	28492 * ( 1 - 34.22% )	/	( (88810	+	86797)	/ 2 )
=	18742.0376	/	87803.5
=	21.35 %

where

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	108927	-	9827	-	( 15317	-	max(0, 16403	-	26693	+	15317	))
=	88810

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	105725	-	6406	-	( 12522	-	max(0, 20619	-	39673	+	12522	))
=	86797

Note: The Operating Income data used here is two times the semi-annual (Dec. 2021) data.

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

BHP Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2021		Q: Dec. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	29960	/	( ( (73813 + max(-2678, 0))	+	(60433 + max(9346, 0)) )	/	2 )
=	29960	/	( ( 73813	+	69779 )	/	2 )
=	29960	/	71796
=	41.73 %

where Working Capital is:

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6059	+	4426	+	612)	-	(9827	+	105	+	3843)
=	-2678

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4898	+	4514	+	17499)	-	(6406	+	27	+	11132)
=	9346

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2021 )
	=	30671	/	171078.864
	=	17.93 %

BHP Group EBIT Related Terms

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BHP Group (BHP Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BHP Group PLC (NYSE:BBL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

160 Victoria Street, Nova South, London, GBR, SW1E 5LB

Website

https://www.bhp.com

BHP is a leading global diversified miner supplying iron ore, copper, oil, gas, and metallurgical. The merger of BHP Limited (now BHP Ltd.) and Billiton PLC (now BHP PLC) created the present-day BHP. Shareholders in each company have equivalent economic and voting rights in BHP as a whole and in 2022 voted to reunify the dual listed structure. Major assets include Pilbara iron ore, Queensland coking coal, Escondida copper and conventional petroleum assets, principally in Australia and the Gulf of Mexico. Onshore U.S. oil and gas assets were sold in 2018 and the remaining Petroleum assets are likely to be spun off and merged with Woodside.