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ACCO Brands's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-138 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ACCO Brands's annualized ROC % for the quarter that ended in Sep. 2024 was 4.41%. ACCO Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 19.95%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. ACCO Brands's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -9.53%.
The historical data trend for ACCO Brands'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.
ACCO Brands Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 206.70 | 117.40 | 157.70 | 60.50 | 45.50 |
ACCO Brands Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
EBIT | Get a 7-Day Free Trial | 37.20 | -59.80 | 8.00 | -113.60 | 27.50 |
For the Business Equipment & Supplies subindustry, ACCO Brands'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.
For the Industrial Products industry and Industrials sector, ACCO Brands's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where ACCO Brands's EV-to-EBIT falls into.
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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-138 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.
ACCO Brands (NYSE:ACCO) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
ACCO Brands's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:
ROC % (Q: Sep. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2024 ) | + | Invested Capital (Q: Sep. 2024 )) | / count ) |
= | 132 * ( 1 - 32.61% ) | / | ( (2041.4 | + | 1995.7) | / 2 ) |
= | 88.9548 | / | 2018.55 | |||
= | 4.41 % |
where
Invested Capital | (Q: Jun. 2024 ) | |||||||||||
= | 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 | )) |
= | 2413.4 | - | 259.3 | - | ( 112.7 | - | max(0, 484.3 | - | 858.4 | + | 112.7 | )) |
= | 2041.4 |
Invested Capital | (Q: Sep. 2024 ) | |||||||||||
= | 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 | )) |
= | 2357.5 | - | 259.8 | - | ( 102 | - | max(0, 497.7 | - | 794 | + | 102 | )) |
= | 1995.7 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
ACCO Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2024 | Q: Sep. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 110 | / | ( ( (242.9 + max(344, 0)) | + | (240 + max(275.8, 0)) ) | / | 2 ) |
= | 110 | / | ( ( 586.9 | + | 515.8 ) | / | 2 ) |
= | 110 | / | 551.35 | ||||
= | 19.95 % |
where Working Capital is:
Working Capital | (Q: Jun. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (369.1 | + | 330 | + | 46.6) | - | (259.3 | + | 0 | + | 142.4) |
= | 344 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (325.7 | + | 324.8 | + | 41.5) | - | (259.8 | + | 0 | + | 156.4) |
= | 275.8 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
ACCO Brands's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Sep. 2024 ) |
= | -137.9 | / | 1447.669 | |
= | -9.53 % |
* 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.
Thank you for viewing the detailed overview of ACCO Brands's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Pamela R Schneider | officer: Sr VP, General Counsel & Sec | C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047 |
Angela Y Jones | officer: SVP, Global Chief People Offic | 9900 W. 109 STREET, SUITE 100, OVERLAND PARK KS 66210 |
Paul P Daniel | officer: SVP and CIO | C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047 |
Joseph B Burton | director | 345 ENCINAL STREET, SANTA CRUZ CA 95060 |
Deborah A Oconnor | officer: EVP and CFO | C/O ACCO BRANDS CORP, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047 |
Gregory J. Mccormack | officer: Sr. Vice Pres, Global Products | FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047 |
Roxanne M Bernstein | officer: EVP & Pres, ACCO Brands N.A. | C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047 |
Boris Elisman | director, officer: Chairman, President & CEO | C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047 |
Gina Boswell | director | MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212 |
Thomas W Tedford | officer: Exec VP & Pres US Office & Con | C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047 |
Neal V Fenwick | officer: Executive VP and CFO | FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047 |
Patrick Buchenroth | officer: ExecVP, Pres ACCO Brands Intl | C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047 |
Ralph Paul Hargrow | officer: Sr VP & Chief People Officer | C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047 |
Ronald M. Lombardi | director | 660 WHITE PLAINS RD., TARRYTOWN NY 10591 |
James Dudek | officer: SVP, Corp Controller and CAO | C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147 |
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