GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Coty Inc (NYSE:COTY) » Definitions » EBIT

Coty (COTY) EBIT : $796 Mil (TTM As of Dec. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Coty EBIT?

Coty's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $319 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $796 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coty's annualized ROC % for the quarter that ended in Dec. 2023 was 6.63%. Coty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 129.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Coty's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.72%.


Coty EBIT Historical Data

The historical data trend for Coty'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.

Coty EBIT Chart

Coty 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 -3,693.40 -1,234.30 -8.00 668.00 965.90

Coty Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 345.20 206.80 152.10 117.90 319.10

Competitive Comparison of Coty's EBIT

For the Household & Personal Products subindustry, Coty'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.


Coty's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

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



Coty 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 quarterly data reported by the company within the most recent 12 months, which was $796 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.


Coty  (NYSE:COTY) EBIT Explanation

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

Coty'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=969.6 * ( 1 - 27.74% )/( (10474.1 + 10664.5)/ 2 )
=700.63296/10569.3
=6.63 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Coty'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1276.4/( ( (970.6 + max(-763.9, 0)) + (995.7 + max(-809, 0)) )/ 2 )
=1276.4/( ( 970.6 + 995.7 )/ 2 )
=1276.4/983.15
=129.83 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(534.9 + 845.4 + 583.2) - (2727.4 + 0 + 0)
=-763.9

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(500.2 + 775.5 + 695.9) - (2780.6 + 0 + 0)
=-809

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=795.9/13920.129
=5.72 %

* 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.


Coty EBIT Related Terms

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


Coty (COTY) Business Description

Address
350 Fifth Avenue, New York, NY, USA, 10118
Coty is a global beauty maker that focuses on fragrance (59% of sales) and color cosmetics (28%), with limited exposure to skincare (5%) and body care (8%). For its fragrance business, Coty licenses luxury and high-end brands including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein, while its consumer cosmetics business focuses on acquired mass brands such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. It also collaborates with social media celebrities Kim Kardashian and Kylie Jenner to launch makeup products bearing their names. By region, Coty generates close to 45% of sales from Europe, 30% from North America, 10% from Asia, and 8% from Latin America, with the rest from travel retail. German investment firm JAB is a controlling shareholder, with a 53% stake.
Executives
Isabelle Parize director 350 FIFTH AVENUE, NEW YORK NY 10118
Jab Holdings B.v. 10 percent owner PIET HEINKADE 55, AMSTERDAM P7 NL 1019 GM
Maria Asunicion Aramburuzabala director PASEO DE LOS TAMARINDOS 400, TORRE B PISO 25, MEXICO DF O5 0000
Priya Srinivasan officer: Chief People & Purpose Officer 350 FIFTH AVENUE, NEW YORK NY 10118
Rochet Lubomira director 6425 HALL OF FAME LANE, FRISCO TX 75034
Olivier Goudet director 350 FIFTH AVENUE, NEW YORK NY 10118
Robert S Singer director 6301 FITCH PATH, NEW ALBANY OH 43054
Bretten Gordon Von officer: Chief Transformation Officer 350 FIFTH AVENUE, NEW YORK NY 10118
Kkr Rainbow Aggregator L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Kkr Group Partnership L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Laurent Mercier officer: Chief Financial Officer 350 FIFTH AVENUE, NEW YORK NY 10118
Anna Adeola Makanju director 350 FIFTH AVENUE, NEW YORK NY 10118
Bayern Anna Von officer: Chief Corp. Affairs Officer 350 FIFTH AVENUE, NEW YORK NY 10118
Johannes P Huth director
Sue Nabi director, officer: Chief Executive Officer 350 FIFTH AVENUE, NEW YORK NY 10118