C&C Group (LSE:CCR) EBIT : £46 Mil (TTM As of Aug. 2023)

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What is C&C Group EBIT?

C&C Group's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2023 was £23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2023 was £46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. C&C Group's annualized ROC % for the quarter that ended in Aug. 2023 was 4.17%. C&C Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was 23.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. C&C Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was 5.63%.

C&C Group EBIT Historical Data

The historical data trend for C&C 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.

C&C Group EBIT Chart

C&C Group Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

EBIT

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82.38

23.57

-84.39

54.61

71.28

C&C Group Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
EBIT	Get a 7-Day Free Trial															16.21	38.67	46.19	22.87	22.74

Competitive Comparison of C&C Group's EBIT

For the Beverages - Brewers subindustry, C&C 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.

C&C Group's EV-to-EBIT Distribution in the Beverages - Alcoholic Industry

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

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

C&C 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £46 Mil.

C&C Group (LSE:CCR) EBIT Explanation

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

C&C Group's annualized ROC % for the quarter that ended in Aug. 2023 is calculated as:

	ROC % (Q: Aug. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2023 )	+	Invested Capital (Q: Aug. 2023 ))	/ count )
=	52.352 * ( 1 - 24.41% )	/	( (1031.188	+	867.502)	/ 2 )
=	39.5728768	/	949.345
=	4.17 %

where

	Invested Capital		(Q: Feb. 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	))
=	1261.415	-	259.038	-	( 102.215	-	max(0, 432.173	-	403.362	+	102.215	))
=	1031.188

	Invested Capital		(Q: Aug. 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	))
=	1323.739	-	400.709	-	( 82.905	-	max(0, 421.221	-	476.749	+	82.905	))
=	867.502

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

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

C&C Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Aug. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2023		Q: Aug. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	45.486	/	( ( (186.433 + max(-59.041, 0))	+	(193.961 + max(-11.414, 0)) )	/	2 )
=	45.486	/	( ( 186.433	+	193.961 )	/	2 )
=	45.486	/	190.197
=	23.92 %

where Working Capital is:

	Working Capital		(Q: Feb. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(111.346	+	155.051	+	8.421)	-	(259.038	+	0	+	74.821)
=	-59.041

	Working Capital		(Q: Aug. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(227.518	+	165.038	+	1.288)	-	(400.709	+	0	+	4.549)
=	-11.414

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2023 )
	=	45.615	/	809.855
	=	5.63 %

C&C Group EBIT Related Terms

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C&C Group (LSE:CCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » C&C Group PLC (LSE:CCR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CCGPY:USA CGPZF:USA CCRl:UK GCC:Germany

Address

Keeper Road, Bulmers House, Crumlin, Dublin, IRL, D12 K702

Website

https://www.candcgroupplc.com

C&C Group PLC manufactures cider and other alcoholic and nonalcoholic beverages, including beer, wine, soft drinks, and bottled water. The company's brands include Bulmers, Tennet's, Magners, Heverlee, Woodchuck, Hornsby's, Gaymers, Blackthorn, Tipperary, Finches, and Others. C&C also has distribution rights for numerous global brands owned by other companies. Its geographical segments are Ireland, Great Britain, and International, of which the majority of its revenue comes from Great Britain.