Carrefour (LTS:0NPH) EBIT : €2,042 Mil (TTM As of Dec. 2023)

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What is Carrefour EBIT?

Carrefour's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €1,390 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €2,042 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Carrefour's annualized ROC % for the quarter that ended in Dec. 2023 was 6.15%. Carrefour's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 16.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Carrefour's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.10%.

Carrefour EBIT Historical Data

The historical data trend for Carrefour'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.

Carrefour EBIT Chart

Carrefour Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,110.00

1,667.00

1,869.00

2,556.00

2,042.00

Carrefour Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															1,191.00	754.00	1,802.00	652.00	1,390.00

Competitive Comparison of Carrefour's EBIT

For the Grocery Stores subindustry, Carrefour'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.

Carrefour's EV-to-EBIT Distribution in the Retail - Defensive Industry

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

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

Carrefour 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 semi-annually data reported by the company within the most recent 12 months, which was €2,042 Mil.

Carrefour (LTS:0NPH) EBIT Explanation

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

Carrefour'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	3110 * ( 1 - 26.56% )	/	( (36641	+	37633)	/ 2 )
=	2283.984	/	37137
=	6.15 %

where

	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	))
=	54146	-	20484	-	( 4302	-	max(0, 24423	-	21444	+	4302	))
=	36641

	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	))
=	56171	-	20416	-	( 6813	-	max(0, 25326	-	23448	+	6813	))
=	37633

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

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

Carrefour'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2780	/	( ( (16795 + max(-7699, 0))	+	(16823 + max(-10655, 0)) )	/	2 )
=	2780	/	( ( 16795	+	16823 )	/	2 )
=	2780	/	16809
=	16.54 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3349	+	7047	+	2388)	-	(20484	+	0	+	-1)
=	-7699

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3269	+	6544	+	1627)	-	(20416	+	0	+	1679)
=	-10655

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2042	/	18398.506
	=	11.10 %

Carrefour EBIT Related Terms

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Carrefour (LTS:0NPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Carrefour (LTS:0NPH) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CRRFY:USA CRERF:USA CA:Mexico CAp:UK CA:France CAR:Germany CARR:Austria

Address

93 Avenue de Paris, Massy Cedex, Paris, FRA, 91300

Website

https://www.carrefour.com

Carrefour is a multiformat retailer with operations in more than 30 countries, with tens of thousands of shops globally, over 1,000 drive-thru locations, and about 340,000 employees. Although hypermarkets still account for the bulk of sales in France, the company, founded in 1959, is expanding away from its initial large hypermarket style. Due to its emphasis on creating smaller stores, its exposure to the nonfood sector has decreased. Approximately 73% of sales are generated in Europe, and the rest in Latin America (27%).

Carrefour (LTS:0NPH) Headlines

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