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Synlait Milk (ASX:SM1) EBIT : A$-177 Mil (TTM As of Jul. 2024)


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What is Synlait Milk EBIT?

Synlait Milk's earnings before interest and taxes (EBIT) for the six months ended in Jul. 2024 was A$-109 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2024 was A$-177 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Synlait Milk's annualized ROC % for the quarter that ended in Jul. 2024 was -3.09%. Synlait Milk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was -20.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Synlait Milk's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was -16.69%.


Synlait Milk EBIT Historical Data

The historical data trend for Synlait Milk'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.

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Synlait Milk EBIT Chart

Synlait Milk Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
EBIT
Get a 7-Day Free Trial 113.48 -18.13 53.52 7.04 -175.46

Synlait Milk Semi-Annual Data
Jan14 Jan15 Jan16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
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 16.51 18.95 -11.98 -68.25 -109.09

Competitive Comparison of Synlait Milk's EBIT

For the Packaged Foods subindustry, Synlait Milk'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.


Synlait Milk's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

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



Synlait Milk 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 Jul. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-177 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.


Synlait Milk  (ASX:SM1) EBIT Explanation

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

Synlait Milk's annualized ROC % for the quarter that ended in Jul. 2024 is calculated as:

ROC % (Q: Jul. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2024 ) + Invested Capital (Q: Jul. 2024 ))/ count )
=-56.012 * ( 1 - 21.51% )/( (1516.89 + 1330.554)/ 2 )
=-43.9638188/1423.722
=-3.09 %

where

Invested Capital(Q: Jan. 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))
=1592.853 - 266.476 - ( 28.359 - max(0, 800.262 - 609.749+28.359))
=1516.89

Invested Capital(Q: Jul. 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))
=1350.741 - 233.164 - ( 9.288 - max(0, 580.712 - 367.735+9.288))
=1330.554

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

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

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

ROC (Joel Greenblatt) %(Q: Jul. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2024  Q: Jul. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-218.182/( ( (914.061 + max(262.939, 0)) + (856.89 + max(78.12, 0)) )/ 2 )
=-218.182/( ( 1177 + 935.01 )/ 2 )
=-218.182/1056.005
=-20.66 %

where Working Capital is:

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(101.592 + 294.019 + 185.779) - (266.476 + 0 + 51.975)
=262.939

Working Capital(Q: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(91.442 + 189.592 + 37.831) - (233.164 + 0 + 7.581)
=78.12

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jul. 2024 )
=-177.339/1062.306
=-16.69 %

* 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.


Synlait Milk EBIT Related Terms

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Synlait Milk Business Description

Traded in Other Exchanges
Address
1028 Heslerton Road, RD13, Rakaia, STL, NZL, 7783
Synlait Milk Ltd is a dairy processing company that benefits from a differentiated milk supply and operating environment in New Zealand. The business operates within one industry that includes the manufacture of milk powder and its related products, liquid milk, cheese, and butter. Its segment are Synlait and Dairyworks, out of which it derives maximum revenue from Synlait segment.

Synlait Milk Headlines

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