Leroy Seafood Group ASA (Leroy Seafood Group ASA) EBIT

: $266 Mil (TTM As of Sep. 2023)

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Leroy Seafood Group ASA's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $266 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Leroy Seafood Group ASA's annualized ROC % for the quarter that ended in Sep. 2023 was -2.07%. Leroy Seafood Group ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -2.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Leroy Seafood Group ASA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 7.65%.

Leroy Seafood Group ASA EBIT Historical Data

The historical data trend for Leroy Seafood Group ASA'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.

Leroy Seafood Group ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

537.75

288.56

140.41

420.48

444.18

Leroy Seafood Group ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT																84.88	47.93	136.74	93.46	-11.86

Competitive Comparison

For the Packaged Foods subindustry, Leroy Seafood Group ASA'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.

Leroy Seafood Group ASA EV-to-EBIT Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Leroy Seafood Group ASA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Leroy Seafood Group ASA's EV-to-EBIT falls into.

Leroy Seafood Group ASA 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $266 Mil.

Leroy Seafood Group ASA (OTCPK:LYSFY) EBIT Explanation

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

Leroy Seafood Group ASA's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-47.448 * ( 1 - -35.51% )	/	( (3137.239	+	3066.438)	/ 2 )
=	-64.2967848	/	3101.8385
=	-2.07 %

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	))
=	3716.436	-	224.842	-	( 354.355	-	max(0, 628.393	-	1748.144	+	354.355	))
=	3137.239

	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	))
=	3807.801	-	259.252	-	( 482.111	-	max(0, 733.587	-	1844.69	+	482.111	))
=	3066.438

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

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

Leroy Seafood Group ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-47.448	/	( ( (1005.298 + max(880.294, 0))	+	(1006.575 + max(836.247, 0)) )	/	2 )
=	-47.448	/	( ( 1885.592	+	1842.822 )	/	2 )
=	-47.448	/	1864.207
=	-2.55 %

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)
=	(276.678	+	1025.58	+	0)	-	(224.842	+	0	+	197.122)
=	880.294

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(277.095	+	996.242	+	0.0010000000002037)	-	(259.252	+	0	+	177.839)
=	836.247

When net working capital is negative, 0 is used.

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

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

Leroy Seafood Group ASA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	266.265	/	3480.932
	=	7.65 %

Leroy Seafood Group ASA EBIT Related Terms

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Leroy Seafood Group ASA (Leroy Seafood Group ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Leroy Seafood Group ASA (OTCPK:LYSFY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

LYSFF:USA LSGO:Sweden LSG:Norway 0GM2:UK Z1L:Germany

Address

Thormohlens gate 51 B, P.O.Box 7600, Bergen, NOR, NO - 5006

Website

https://www.leroyseafood.com

Leroy Seafood Group ASA is a seafood producer, originally from Norway. The company's core activities are global distribution, sale, and marketing of seafood, processed seafood, salmon, fjord trout, cod, saithe, mackerel, herring, sushi, shellfish, and other species. Leroy Seafood Group serves hotels, restaurants, and retail segments with fresh, frozen, smoked, and marinated seafood products. Its main brands are Aurora Salmon, Artic Supreme, Fossen Fjord Fish, Leroj Fjord Trout, Leroy Sushi, and Leroy King Crab.