Kellanova Co (Kellanova Co) EBIT : $1,343 Mil (TTM As of Dec. 2023)

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What is Kellanova Co EBIT?

Kellanova Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-126 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,343 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kellanova Co's annualized ROC % for the quarter that ended in Dec. 2023 was 1.58%. Kellanova Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -12.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kellanova Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.10%.

Kellanova Co EBIT Historical Data

The historical data trend for Kellanova Co'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.

Kellanova Co EBIT Chart

Kellanova Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,589.00

1,882.00

1,657.00

1,103.00

1,343.00

Kellanova Co 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															-385.00	466.00	545.00	458.00	-126.00

Competitive Comparison of Kellanova Co's EBIT

For the Packaged Foods subindustry, Kellanova Co'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.

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

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

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

Kellanova Co 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 $1,343 Mil.

Kellanova Co (NYSE:K) EBIT Explanation

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

Kellanova Co'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 )
=	296 * ( 1 - 19.57% )	/	( (16253	+	13936)	/ 2 )
=	238.0728	/	15094.5
=	1.58 %

where

	Invested Capital		(Q: Sep. 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	))
=	18695	-	3980	-	( 1099	-	max(0, 6524	-	4986	+	1099	))
=	16253

	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	))
=	15621	-	3415	-	( 274	-	max(0, 5060	-	3330	+	274	))
=	13936

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

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

Kellanova Co'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 )
=	-504	/	( ( (4367 + max(-1199, 0))	+	(3873 + max(-1437, 0)) )	/	2 )
=	-504	/	( ( 4367	+	3873 )	/	2 )
=	-504	/	4120
=	-12.23 %

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)
=	(1641	+	1632	+	379)	-	(3980	+	0	+	871)
=	-1199

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1230	+	1243	+	245)	-	(3415	+	85	+	655)
=	-1437

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1343	/	26330.354
	=	5.10 %

Kellanova Co EBIT Related Terms

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Kellanova Co (Kellanova Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kellanova Co (NYSE:K) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

K:Mexico 1K:Italy KEL:Germany KEL:Germany KEL:Germany KEL:Germany K1EL34:Brazil KELL:Austria

Address

412 N. Wells Street, Chicago, IL, USA, 60654

Website

https://www.kellanova.com

Following its split from the North American cereal business, Kellanova (previously the global snacking arm of Kellogg) is a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, Nutri-Grain, and Morningstar Farms. Sales beyond its home turf account for about half of Kellanova's consolidated sales base.

Executives

Kellogg W K Foundation Trust	10 percent owner	50 S. LA SALLE ST., B-10, CHICAGO IL 60603
John Min	officer: Chief Legal Officer	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Christopher M Hood	officer: Senior Vice President	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Kris Bahner	officer: SVP-Chief Global Corp Affairs	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Nicolas Amaya	officer: Senior Vice President	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Charisse Ford Hughes	officer: Senior Vice President	C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Gary H Pilnick	officer: Senior Vice President
Kurt D Forche	officer: VP-Corporate Controller	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Amit Banati	officer: Senior Vice President	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Rodrigo Lance	officer: Senior Vice President	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Alistair D Hirst	officer: SVP - Global Supply Chain	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
J Michael Schlotman	director	1014 VINE ST, CINCINNATI OH 45202
Steven A Cahillane	director, officer: CEO & President	ONE COCA-COLA PLAZA, ATLANTA GA 30313
Shumit Kapoor	officer: Senior Vice President	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Maria Fernanda Mejia	officer: Senior Vice President	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599