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Metcash (ASX:MTS) EBIT : A$429 Mil (TTM As of Oct. 2024)


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What is Metcash EBIT?

Metcash's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2024 was A$224 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2024 was A$429 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Metcash's annualized ROC % for the quarter that ended in Oct. 2024 was 10.24%. Metcash's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was 31.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Metcash's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was 7.77%.


Metcash EBIT Historical Data

The historical data trend for Metcash'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.

Metcash EBIT Chart

Metcash Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.20 358.00 376.20 409.20 430.30

Metcash Semi-Annual Data
Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
EBIT Get a 7-Day Free Trial 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 199.00 210.20 225.30 205.00 223.90

Competitive Comparison of Metcash's EBIT

For the Food Distribution subindustry, Metcash'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.


Metcash's EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Metcash's EV-to-EBIT distribution charts can be found below:

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



Metcash 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 Oct. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$429 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.


Metcash  (ASX:MTS) EBIT Explanation

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

Metcash's annualized ROC % for the quarter that ended in Oct. 2024 is calculated as:

ROC % (Q: Oct. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2024 ) + Invested Capital (Q: Oct. 2024 ))/ count )
=487 * ( 1 - 25.2% )/( (3218 + 3897.5)/ 2 )
=364.276/3557.75
=10.24 %

where

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

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

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

ROC (Joel Greenblatt) %(Q: Oct. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2024  Q: Oct. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=447.8/( ( (986.4 + max(4.0999999999999, 0)) + (1204.6 + max(621.5, 0)) )/ 2 )
=447.8/( ( 990.5 + 1826.1 )/ 2 )
=447.8/1408.3
=31.80 %

where Working Capital is:

Working Capital(Q: Apr. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1468.6 + 1196.9 + 14.3) - (2478.4 + 0 + 197.3)
=4.0999999999999

Working Capital(Q: Oct. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2214 + 1529 + 55.7) - (3001.2 + 0 + 176)
=621.5

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Oct. 2024 )
=428.9/5516.595
=7.77 %

* 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.


Metcash EBIT Related Terms

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Metcash Business Description

Traded in Other Exchanges
Address
1 Thomas Holt Drive, Macquarie Park, Sydney, NSW, AUS, 2113
Metcash is a wholesale distribution and marketing company specializing in food, liquor, and hardware. Centralized wholesale distribution enables retailers to gain access to the combined scale of many retailers to negotiate material volume discounts.The food segment distributes of a range of products and services to independent supermarket and convenience stores. The hardware segment distributes hardware products to independent retail outlets and operates company-owned stores. The liquor segment distributes liquor products to independent retailers and pubs.

Metcash Headlines

From GuruFocus

Metcash Stock Is Estimated To Be Modestly Overvalued

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