PepsiCo (FRA:PEP) EBIT : €11,411 Mil (TTM As of Mar. 2024)

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What is PepsiCo EBIT?

PepsiCo's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €2,553 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €11,411 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PepsiCo's annualized ROC % for the quarter that ended in Mar. 2024 was 10.19%. PepsiCo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 39.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PepsiCo's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.34%.

PepsiCo EBIT Historical Data

The historical data trend for PepsiCo'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.

PepsiCo EBIT Chart

PepsiCo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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9,222.30

8,381.93

10,340.34

10,991.94

11,220.41

PepsiCo Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															2,512.46	3,432.64	3,820.15	1,604.75	2,553.00

Competitive Comparison of PepsiCo's EBIT

For the Beverages - Non-Alcoholic subindustry, PepsiCo'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.

PepsiCo's EV-to-EBIT Distribution in the Beverages - Non-Alcoholic Industry

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

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

PepsiCo 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €11,411 Mil.

PepsiCo (FRA:PEP) EBIT Explanation

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

PepsiCo's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	9998.56 * ( 1 - 20.21% )	/	( (80940.839	+	75620.32)	/ 2 )
=	7977.851024	/	78280.5795
=	10.19 %

where

	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	))
=	92153.915	-	15520.225	-	( 9172.751	-	max(0, 29020.299	-	24713.15	+	9172.751	))
=	80940.839

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	92036.8	-	20307.16	-	( 7682	-	max(0, 27815.28	-	23924.6	+	7682	))
=	75620.32

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

PepsiCo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	10212	/	( ( (27458.648 + max(-8962.758, 0))	+	(24648.64 + max(-4064.56, 0)) )	/	2 )
=	10212	/	( ( 27458.648	+	24648.64 )	/	2 )
=	10212	/	26053.644
=	39.20 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7954.975	+	4891.278	+	731.766)	-	(15520.225	+	0	+	7020.552)
=	-8962.758

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10062.96	+	5123.48	+	1056.16)	-	(20307.16	+	0	+	0)
=	-4064.56

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	11410.536	/	262939.416
	=	4.34 %

PepsiCo EBIT Related Terms

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PepsiCo (FRA:PEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » PepsiCo Inc (FRA:PEP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PEP:USA PEP:Mexico 1PEP:Italy PEPd:UK 0QOS:UK PEP:Germany PEP:Switzerland PEPB34:Brazil PEPS:Austria PEP:Argentina

Address

700 Anderson Hill Road, Purchase, NY, USA, 10577

Website

https://www.pepsico.com

PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the United States and overseas. International markets make up 40% of total sales and one third of operating profits.