Village Farms International (Village Farms International) EBIT : $-22.9 Mil (TTM As of Dec. 2023)

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What is Village Farms International EBIT?

Village Farms International's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-17.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-22.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Village Farms International's annualized ROC % for the quarter that ended in Dec. 2023 was -5.70%. Village Farms International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -24.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Village Farms International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -12.65%.

Village Farms International EBIT Historical Data

The historical data trend for Village Farms International'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.

Village Farms International EBIT Chart

Village Farms International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-14.70

9.87

-9.51

-90.82

-22.86

Village Farms International 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															-28.74	-4.95	1.37	-1.93	-17.35

Competitive Comparison of Village Farms International's EBIT

For the Farm Products subindustry, Village Farms International'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.

Village Farms International's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

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

Village Farms International 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 $-22.9 Mil.

Village Farms International (NAS:VFF) EBIT Explanation

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

Village Farms International'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 )
=	-18.06 * ( 1 - -22.82% )	/	( (391.1	+	386.637)	/ 2 )
=	-22.181292	/	388.8685
=	-5.70 %

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	))
=	477.702	-	51.119	-	( 35.483	-	max(0, 68.887	-	153.164	+	35.483	))
=	391.1

	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	))
=	466.989	-	50.061	-	( 30.291	-	max(0, 72.156	-	151.768	+	30.291	))
=	386.637

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

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

Village Farms International'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 )
=	-69.404	/	( ( (215.267 + max(63.699, 0))	+	(218.209 + max(64.272, 0)) )	/	2 )
=	-69.404	/	( ( 278.966	+	282.481 )	/	2 )
=	-69.404	/	280.7235
=	-24.72 %

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)
=	(28.541	+	77.059	+	11.747)	-	(51.119	+	0	+	2.529)
=	63.699

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(30.561	+	78.472	+	12.15)	-	(50.061	+	4.51	+	2.34)
=	64.272

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:

Village Farms International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-22.859	/	180.743
	=	-12.65 %

Village Farms International EBIT Related Terms

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Village Farms International (Village Farms International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Village Farms International Inc (NAS:VFF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

02V:Germany

Address

4700 - 80th Street, Delta, BC, CAN, V4K 3N3

Website

https://www.villagefarms.com

Village Farms International Inc owns and operates intensive agricultural greenhouse facilities in British Columbia and Texas, where it produces, markets and sells tomatoes, bell peppers and cucumbers. Its wholly owned subsidiary, Pure Sunfarms, is a vertically integrated licensed producer and supplier of cannabis products sold to other licensed providers and provincial governments across Canada and internationally. The Company's wholly owned subsidiary, Balanced Health, develops and sells, cannabidiol (CBD) based products including ingestible, edible and topical applications. Through its 70% ownership of Rose, the Company has a presence in the Province of Quebec as a cannabis supplier, producer and commercialization.

Executives

Kathleen M Mahoney	director	C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Michael A Degiglio	director, 10 percent owner, officer: Chief Executive Officer	10 ALVIN CT, EAST BRUNSWICK NJ 08816
John Patrick Henry	director	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
Stephen C Ruffini	director, officer: Chief Financial Officer	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
Ann Lefever Gillin	officer: Executive Vice President	C/O VILLAGE FARMS INTERNATIONAL, INC., 4700 80TH STREET, DELTA A1 V4K 3N3
John R. Mclernon	director	200 GRANVILLE STREET, 19TH FLOOR, VANCOUVER A1 V6C 2R6
Christopher C. Woodward	director	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
David Holewinski	director	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
Roberta Cook	director	C/O VILLAGE FARMS INTERNATIONAL, 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746