BlueScope Steel (ASX:BSL) EBIT : A$1,300 Mil (TTM As of Jun. 2024)

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What is BlueScope Steel EBIT?

BlueScope Steel's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$603 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$1,300 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BlueScope Steel's annualized ROC % for the quarter that ended in Jun. 2024 was 6.06%. BlueScope Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BlueScope Steel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.26%.

BlueScope Steel EBIT Historical Data

The historical data trend for BlueScope Steel'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.

BlueScope Steel EBIT Chart

BlueScope Steel Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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333.30

1,729.40

3,831.30

1,516.80

1,300.40

BlueScope Steel Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															1,582.70	836.30	680.50	697.90	602.50

Competitive Comparison of BlueScope Steel's EBIT

For the Steel subindustry, BlueScope Steel'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.

BlueScope Steel's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, BlueScope Steel's EV-to-EBIT distribution charts can be found below:

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

BlueScope Steel 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$1,300 Mil.

BlueScope Steel (ASX:BSL) EBIT Explanation

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

BlueScope Steel's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	1016.4 * ( 1 - 26.31% )	/	( (12096.1	+	12630.6)	/ 2 )
=	748.98516	/	12363.35
=	6.06 %

where

	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	))
=	15270.8	-	1836.9	-	( 1337.8	-	max(0, 2890.7	-	6124.7	+	1337.8	))
=	12096.1

	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	))
=	15678	-	1961.9	-	( 1085.5	-	max(0, 3088	-	6096.5	+	1085.5	))
=	12630.6

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

BlueScope Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1205	/	( ( (6127.2 + max(2078, 0))	+	(6488.1 + max(2046.3, 0)) )	/	2 )
=	1205	/	( ( 8205.2	+	8534.4 )	/	2 )
=	1205	/	8369.8
=	14.40 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1435.9	+	3021.3	+	329.7)	-	(1836.9	+	9.5	+	862.5)
=	2078

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1524.9	+	3186.2	+	232.4)	-	(1961.9	+	60	+	875.3)
=	2046.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	1300.4	/	9118.745
	=	14.26 %

BlueScope Steel EBIT Related Terms

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BlueScope Steel Business Description

Industry

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BLSFY:USA BLSFF:USA BH5:Germany

Address

181 William Street, Level 24, Melbourne, VIC, AUS, 3000

Website

https://www.bluescope.com

BlueScope is an Australia-based steelmaker with five business units. The Australian steel products segment mainly specializes in branded coated and painted flat steel products, sold domestically. North Star is the group's US minimill, specializing in the production of hot rolled coil for US construction and automotive sectors. Building products Asia operates across Southeast Asia, China, and India, and the US building and coated products North America is involved in metal coating and painting, and the supply to nonresidential construction projects using BlueScope's materials. New Zealand steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands.