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AdvancePierre Foods Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2017 was $60 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $220 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AdvancePierre Foods Holdings's annualized ROC % for the quarter that ended in Mar. 2017 was 15.79%. AdvancePierre Foods Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was 68.68%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. AdvancePierre Foods Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was 7.00%.
The historical data trend for AdvancePierre Foods Holdings'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.
AdvancePierre Foods Holdings Annual Data | |||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | |||||
EBIT | 53.91 | 76.08 | 150.41 | 183.99 |
AdvancePierre Foods Holdings Quarterly Data | |||||||||||
Dec13 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | |
EBIT | Get a 7-Day Free Trial | 41.22 | 44.36 | 34.90 | 80.82 | 60.13 |
For the Packaged Foods subindustry, AdvancePierre Foods Holdings'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 Consumer Packaged Goods industry and Consumer Defensive sector, AdvancePierre Foods Holdings's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where AdvancePierre Foods Holdings'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 Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $220 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.
AdvancePierre Foods Holdings (NYSE:APFH) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
AdvancePierre Foods Holdings's annualized ROC % for the quarter that ended in Mar. 2017 is calculated as:
ROC % (Q: Mar. 2017 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Dec. 2016 ) | + | Invested Capital (Q: Mar. 2017 )) | / count ) |
= | 242.764 * ( 1 - 39.66% ) | / | ( (918.152 | + | 937.454) | / 2 ) |
= | 146.4837976 | / | 927.803 | |||
= | 15.79 % |
where
Invested Capital | (Q: Dec. 2016 ) | |||||||||||
= | 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 | )) |
= | 1247.011 | - | 224.419 | - | ( 104.44 | - | max(0, 224.693 | - | 409.657 | + | 104.44 | )) |
= | 918.152 |
Invested Capital | (Q: Mar. 2017 ) | |||||||||||
= | 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 | )) |
= | 1279.795 | - | 228.283 | - | ( 114.058 | - | max(0, 228.758 | - | 447.134 | + | 114.058 | )) |
= | 937.454 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2017) data.
2. Joel Greenblatt's definition of Return on Capital:
AdvancePierre Foods Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 is calculated as:
ROC (Joel Greenblatt) % | (Q: Mar. 2017 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Dec. 2016 | Q: Mar. 2017 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 240.5 | / | ( ( (257.3 + max(80.798, 0)) | + | (262.701 + max(99.596, 0)) ) | / | 2 ) |
= | 240.5 | / | ( ( 338.098 | + | 362.297 ) | / | 2 ) |
= | 240.5 | / | 350.1975 | ||||
= | 68.68 % |
where Working Capital is:
Working Capital | (Q: Dec. 2016 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (82.458 | + | 210.648 | + | 12.111) | - | (224.419 | + | 0 | + | 0) |
= | 80.798 |
Working Capital | (Q: Mar. 2017 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (90.356 | + | 226.671 | + | 10.852) | - | (228.283 | + | 0 | + | 2.8421709430404E-14) |
= | 99.596 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Mar. 2017) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
AdvancePierre Foods Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2017 ) |
= | 220.193 | / | 3147.650 | |
= | 7.00 % |
* 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 AdvancePierre Foods Holdings's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen A Kaplan | director | 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Oaktree Fund Gp I, L.p. | 10 percent owner | 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Oaktree Capital Group Holdings Gp, Llc | 10 percent owner | 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Oaktree Capital Group, Llc | 10 percent owner | 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Oaktree Capital I, L.p. | 10 percent owner | 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Ocm Holdings I, Llc | 10 percent owner | 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Oaktree Holdings, Llc | 10 percent owner | 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Oaktree Capital Management Lp | 10 percent owner | 333 S GRAND AVE 28TH FL, LOS ANGELES CA 90071 |
Gary L Perlin | director | 1680 CAPITAL ONE DRIVE, C/O CAPITAL ONE FINANCIAL CORP, MCLEAN VA 22102 |
Celeste A. Clark | director | C/O ADVANCEPIERRE FOODS HOLDINGS, INC., 9987 CARVER ROAD, BLUE ASH OH 45242 |
Richard Dean Hollis | director, other: Chairman of the Board | 3603 HAVEN AVENUE, SUITE E, MENLO PARK CA 94025 |
Michael B Sims | officer: CFO | 250 EAST FIFTH STREET, CINCINNATI OH 45202 |
Christopher D Sliva | director, officer: CEO & President | 2515 MCKINNEY AVENUE, SUITE 1200, DALLAS TX 75201 |
Simons John Nelson Jr | director, officer: CEO | 7931 EAGLE RANCH ROAD, FT. COLLINS CO 80528 |
Margaret M Cannella | director | C/O SCHRODERS, 875 THIRD AVENUE, 22ND FLOOR, NEW YORK NY 10022 |
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