Hanesbrands (NYSE:HBI) EBIT

: $300 Mil (TTM As of Jun. 2023)

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Hanesbrands's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $62 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $300 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hanesbrands's annualized ROC % for the quarter that ended in Jun. 2023 was 10.59%. Hanesbrands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 11.25%.

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

Hanesbrands EBIT Historical Data

The historical data trend for Hanesbrands'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.

Hanesbrands Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

838.26

820.48

22.01

744.14

509.81

Hanesbrands Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT																145.37	138.23	56.69	42.55	62.14

Hanesbrands 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $300 Mil.

Hanesbrands (NYSE:HBI) EBIT Explanation

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

Hanesbrands's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	277.616 * ( 1 - -80.23% )	/	( (4779.001	+	4669.275)	/ 2 )
=	500.3473168	/	4724.138
=	10.59 %

where

	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	))
=	6432.68	-	1440.47	-	( 213.209	-	max(0, 1764.472	-	3028.973	+	213.209	))
=	4779.001

	Invested Capital		(Q: Jun. 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	))
=	6279.031	-	1417.924	-	( 191.832	-	max(0, 1728.088	-	2891.697	+	191.832	))
=	4669.275

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

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

Hanesbrands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	248.564	/	( ( (896.958 + max(1370.308, 0))	+	(872.193 + max(1281.318, 0)) )	/	2 )
=	248.564	/	( ( 2267.266	+	2153.511 )	/	2 )
=	248.564	/	2210.3885
=	11.25 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(681.921	+	1969.133	+	164.71)	-	(1440.47	+	0	+	4.9859999999999)
=	1370.308

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(686.04	+	1836.021	+	177.804)	-	(1417.924	+	0	+	0.62300000000005)
=	1281.318

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	299.61	/	5236.659
	=	5.72 %

Hanesbrands EBIT Related Terms

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Hanesbrands (NYSE:HBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hanesbrands Inc (NYSE:HBI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HN9:Germany H1BI34:Brazil

Address

1000 East Hanes Mill Road, Winston-Salem, NC, USA, 27105

Website

https://www.hanes.com

Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Maidenform, Bali, Berlei, and Bonds. The company sells wholesale to discount, midmarket, and department store retailers as well as direct to consumers through stores and e-commerce. Hanesbrands is vertically integrated as it produces more than 70% of its products in company-controlled factories in more than three dozen nations. Hanesbrands distributes products in the Americas, Europe, and Asia-Pacific. The company was founded in 1901 and is based in Winston-Salem, North Carolina.

Executives

Mark A Irvin	director	7601 PENN AVENUE, RICHFIELD MN 55423
Michael Dastugue	officer: Chief Financial Officer	6501 LEGACY DRIVE, PLANO TX 75024
William S Simon	director	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Joseph W Cavaliere	officer: President Innerwear Global	1000 E. HANES MILL ROAD, WINSTON-SALEM NC 27105
Markland Scott Lewis	officer: Chief Accounting Officer	1000 EAST HANES MILL ROAD, LEGAL DEPARTMENT, WINSTON-SALEM NC 27105
Michael E. Faircloth	officer: EVP Supply Chain - Global	1000 EAST HANES MILL ROAD, WINSTON-SALEM NC 27105
Geralyn Breig	director	ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
Scott A Pleiman	officer: See Remarks	1000 E. HANES MILL ROAD, WINSTON-SALEM NC 27105
Robert F Moran	director	C/O GNC HOLDINGS, INC., 300 SIXTH AVENUE, PITTSBURGH PA 15222
Tracy M Preston	officer: GC, Corp Sec and CCO	1000 E. HANES MILL ROAD, WINSTON-SALEM NC 27105
James C Johnson	director	1901 CHOUTEAU AVENUE, P. O. BOX 66149, MC-1370, ST. LOUIS MO 63166-6149
Kristin L Oliver	officer: Chief Human Resources Officer	11215 METRO PARKWAY, FORT MYERS FL 33966
Franck J Moison	director	C/O COLGATE PALMOLIVE CO, 300 PARK AVE 15TH FL, NEW YORK NY 10022
Ann Elizabeth Ziegler	director	ONE EAST WACKER DR, CHICAGO IL 60601
Bobby J Griffin	director	C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PL STE 700, STAMFORD CT 06902