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PepsiCo (PepsiCo) EBIT

: $12,236 Mil (TTM As of Dec. 2023)
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PepsiCo's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $1,750 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $12,236 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PepsiCo's annualized ROC % for the quarter that ended in Dec. 2023 was 10.68%. PepsiCo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 25.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PepsiCo's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.63%.


PepsiCo EBIT Historical Data

The historical data trend for PepsiCo'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.

PepsiCo Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10,247.00 10,197.00 11,684.00 11,644.00 12,236.00

PepsiCo Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 779.00 2,690.00 3,719.00 4,077.00 1,750.00

Competitive Comparison

For the Beverages - Non-Alcoholic subindustry, PepsiCo'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.


PepsiCo EV-to-EBIT Distribution

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PepsiCo's EV-to-EBIT distribution charts can be found below:

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



PepsiCo 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 $12,236 Mil.

* 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.


PepsiCo  (NAS:PEP) EBIT Explanation

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

PepsiCo'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 )
=10416 * ( 1 - 13.63% )/( (80241 + 88267)/ 2 )
=8996.2992/84254
=10.68 %

where

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

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

PepsiCo'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 )
=7000/( ( (24853 + max(-5357, 0)) + (29944 + max(-9774, 0)) )/ 2 )
=7000/( ( 24853 + 29944 )/ 2 )
=7000/27398.5
=25.55 %

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)
=(11782 + 5558 + 1026) - (23723 + 0 + 0)
=-5357

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8675 + 5334 + 798) - (16925 + 0 + 7656)
=-9774

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=12236/264228.512
=4.63 %

* 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.


PepsiCo EBIT Related Terms

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PepsiCo (PepsiCo) Business Description

Address
700 Anderson Hill Road, Purchase, NY, USA, 10577
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the United States and overseas. International markets make up 40% of total sales and one third of operating profits.
Executives
Hugh F Johnston officer: EVP, Operations PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Becky Schmitt officer: EVP & Chief HR Officer 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Jennifer Bailey director 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Susan M Diamond director 500 W MAIN ST., LOUISVILLE KY 40202
Robert C Pohlad director 4000 DAIN RAUSCHER PLAZA, 60 SOUTH SIXTH STREET, MINNEAPOLIS MN 55402
Ramkumar Krishnan officer: CEO Intl Beverages & CCO TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Marie T. Gallagher officer: SVP and Controller PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Paula Santilli officer: CEO, Latin America PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Ramon Laguarta officer: CEO, PepsiCo Europe PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Steven C Williams officer: CEO, PFNA PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Kirk Tanner officer: President & COO, NAB PEPSICO, INC. 700 ANDERSON HILL ROAD, PURCHASE NY 10577
David Flavell officer: EVP, Gen Counsel & Corp Sec PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Eugene Willemsen officer: CEO, AMESA PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Edith W Cooper director C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11249
Dave J Lewis director PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577

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