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Suncorp Group (ASX:SUN) EBIT : A$1,715 Mil (TTM As of Jun. 2024)


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What is Suncorp Group EBIT?

Suncorp Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$-854 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$1,715 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Suncorp Group's annualized ROC % for the quarter that ended in Jun. 2024 was -1.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Suncorp Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 6.45%.


Suncorp Group EBIT Historical Data

The historical data trend for Suncorp Group'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.

Suncorp Group EBIT Chart

Suncorp Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,940.00 2,030.00 1,215.00 3,404.00 1,715.00

Suncorp Group 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 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 454.00 1,472.00 1,932.00 2,569.00 -854.00

Competitive Comparison of Suncorp Group's EBIT

For the Insurance - Property & Casualty subindustry, Suncorp Group'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.


Suncorp Group's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Suncorp Group's EV-to-EBIT distribution charts can be found below:

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



Suncorp Group 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$1,715 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.


Suncorp Group  (ASX:SUN) EBIT Explanation

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

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

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-1708 * ( 1 - 29.25% )/( (103548.6 + 108666.75)/ 2 )
=-1208.41/106107.675
=-1.14 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=108808 - 2798 - ( 2899 - 5% * 8752 )
=103548.6

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=111710 - 2538 - ( 734 - 5% * 4575 )
=108666.75

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

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=1715/26575.717
=6.45 %

* 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.


Suncorp Group EBIT Related Terms

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Suncorp Group Business Description

Address
80 Ann Street, Level 23, Heritage Lanes, Brisbane, QLD, AUS, 4000
Suncorp provides general insurance through a number of different brands. The core businesses include personal insurance such as home and motor, and commercial insurance. Suncorp and competitors IAG Insurance and QBE Insurance dominate the Australian and New Zealand insurance markets. It sold its banking business to ANZ Bank in July 2024.