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Nomad Foods EBIT

: $325 Mil (TTM As of Dec. 2019)
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Nomad Foods's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2019 was $103 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2019 was $325 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nomad Foods's annualized ROC % for the quarter that ended in Dec. 2019 was 7.58%. Nomad Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2019 was 88.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nomad Foods's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2019 was 5.32%.


Nomad Foods EBIT Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Nomad Foods Annual Data
Dec13 Dec14 Mar15 Dec16 Dec17 Dec18 Dec19
EBIT Premium Member Only Premium Member Only -181.28 161.39 268.99 337.20 325.67

Nomad Foods Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 100.91 62.15 83.73 75.88 103.00

Nomad Foods 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. 2019 was 62.146892655367 (Mar. 2019 ) + 83.728813559322 (Jun. 2019 ) + 75.881057268722 (Sep. 2019 ) + 103 (Dec. 2019 ) = $325 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Nomad Foods  (NYSE:NOMD) EBIT Explanation

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

Nomad Foods's annualized ROC % for the quarter that ended in Dec. 2019 is calculated as:

ROC % (Q: Dec. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2019 ) + Invested Capital (Q: Dec. 2019 ))/ count )
=405.33333333333 * ( 1 - 25.24% )/( (4014.3171806167 + 3980.3333333333)/ 2 )
=303.0272/3997.325256975
=7.58 %

where

Invested Capital (Q: Sep. 2019 )
=Book Value of Debt + Book Value of Equity - Cash
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation + Minority Interest + Total Stockholders Equity - Cash, Cash Equivalents, Marketable Securities
=2059.9118942731 + 29.295154185022 + -1.2114537444934 + 2748.4581497797 - 822.13656387665
=4014.3171806167

Invested Capital (Q: Dec. 2019 )
=Book Value of Debt + Book Value of Equity - Cash
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation + Minority Interest + Total Stockholders Equity - Cash, Cash Equivalents, Marketable Securities
=2052.8888888889 + 32.222222222222 + -1.3333333333333 + 2842.1111111111 - 945.55555555556
=3980.3333333333

Note: The Operating Income data used here is four times the quarterly (Dec. 2019) data.

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

Nomad Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2019 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2019  Q: Dec. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=412/( ( (458.81057268722 + max(-182.15859030837, 0)) + (469.33333333333 + max(-311, 0)) )/ 2 )
=412/( ( 458.81057268722 + 469.33333333333 )/ 2 )
=412/464.07195301028
=88.78 %

where Working Capital is:

Working Capital(Q: Sep. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(169.60352422907 + 432.04845814978 + 54.515418502202) - (790.19823788546 + 0 + 48.127753303965)
=-182.15859030837

Working Capital(Q: Dec. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(159.55555555556 + 359.11111111111 + 52.666666666667) - (823.44444444444 + 0 + 58.888888888889)
=-311

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2019) EBIT data.

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

Nomad Foods's Earnings Yield (Joel Greenblatt) %for the quarter that ended in Dec. 2019 is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2019 )
=324.75676348341/6108.9257022222
=5.32 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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