Vodafone Group (Vodafone Group) EBIT

: $15,315 Mil (TTM As of Sep. 2023)

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Vodafone Group's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $2,159 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $15,315 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vodafone Group's annualized ROC % for the quarter that ended in Sep. 2023 was -0.77%. Vodafone Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 10.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vodafone Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 19.76%.

Vodafone Group EBIT Historical Data

The historical data trend for Vodafone 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.

Vodafone Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

-1,129.94

3,680.66

8,221.43

7,176.21

16,480.73

Vodafone Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT																3,234.12	4,148.68	3,074.26	13,156.32	2,159.02

Competitive Comparison

For the Telecom Services subindustry, Vodafone 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.

Vodafone Group EV-to-EBIT Distribution

For the Telecommunication Services industry and Communication Services sector, Vodafone Group's EV-to-EBIT distribution charts can be found below:

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

Vodafone 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $15,315 Mil.

Vodafone Group (OTCPK:VODPF) EBIT Explanation

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

Vodafone Group'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: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	4134.472 * ( 1 - 128.18% )	/	( (158353.319	+	144965.848)	/ 2 )
=	-1165.0942096	/	151659.5835
=	-0.77 %

where

	Invested Capital		(Q: Mar. 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	))
=	166510.707	-	12356.531	-	( 19789.079	-	max(0, 37027.837	-	32828.694	+	19789.079	))
=	158353.319

	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	))
=	158053.362	-	16469.584	-	( 13943.436	-	max(0, 30947.705	-	27565.635	+	13943.436	))
=	144965.848

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

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

Vodafone Group'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: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	4318.036	/	( ( (40676.66 + max(-17706.637, 0))	+	(39875.133 + max(-4154.748, 0)) )	/	2 )
=	4318.036	/	( ( 40676.66	+	39875.133 )	/	2 )
=	4318.036	/	40275.8965
=	10.72 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4114.561	+	1023.555	+	3653.105)	-	(12356.531	+	0	+	14141.327)
=	-17706.637

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12229.456	+	1076.841	+	315.902)	-	(16469.584	+	0	+	1307.363)
=	-4154.748

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	15315.335	/	77507.399
	=	19.76 %

Vodafone Group EBIT Related Terms

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Vodafone Group (Vodafone Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Vodafone Group PLC (OTCPK:VODPF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

VOD:USA VOD N:Mexico VODl:UK VOD:UK VODI:Germany V1OD34:Brazil VOD:Austria VOD:Argentina

Address

Vodafone House, The Connection, Newbury, Berkshire, GBR, RG14 2FN

Website

https://www.vodafone.com

Vodafone operates mobile and fixed-line networks and businesses in more than 20 countries. Its largest market is Germany, where it is the second mobile operator after Deutsche Telekom and owns a cable network after acquiring Kabel Deutschland in 2013 and Liberty Global Germany in 2019. In the U.K. and Italy, it acts as a mobile operator, while in Spain it offers converged services after the acquisition of cable operator Ono in 2014. Vodafone also has operations in several Central European and African countries, which combined represent around one third of revenue.