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AVY (Avery Dennison) EBIT : $1,071 Mil (TTM As of Dec. 2024)


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What is Avery Dennison EBIT?

Avery Dennison's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was $271 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was $1,071 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avery Dennison's annualized ROC % for the quarter that ended in Dec. 2024 was 12.02%. Avery Dennison's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 50.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Avery Dennison's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 6.05%.


Avery Dennison EBIT Historical Data

The historical data trend for Avery Dennison'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.

Avery Dennison EBIT Chart

Avery Dennison Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 807.30 1,062.80 1,083.40 813.70 1,070.50

Avery Dennison Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 231.30 263.00 267.60 269.30 270.60

Competitive Comparison of Avery Dennison's EBIT

For the Packaging & Containers subindustry, Avery Dennison'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.


Avery Dennison's EV-to-EBIT Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Avery Dennison's EV-to-EBIT distribution charts can be found below:

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



Avery Dennison 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,071 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.


Avery Dennison  (NYSE:AVY) EBIT Explanation

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

Avery Dennison's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=1119.6 * ( 1 - 27.92% )/( (7098 + 6325.9)/ 2 )
=807.00768/6711.95
=12.02 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.

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

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

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1082.4/( ( (1612.3 + max(639.8, 0)) + (1586.7 + max(479.3, 0)) )/ 2 )
=1082.4/( ( 2252.1 + 2066 )/ 2 )
=1082.4/2159.05
=50.13 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1574.7 + 1013.5 + 283.8) - (1618.2 + 0 + 614)
=639.8

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1466.2 + 978.1 + 305.3) - (1862.2 + 0 + 408.1)
=479.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=1070.5/17686.728
=6.05 %

* 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.


Avery Dennison EBIT Related Terms

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Avery Dennison Business Description

Traded in Other Exchanges
Address
8080 Norton Parkway, Mentor, OH, USA, 44060
Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.
Executives
Nicholas Colisto officer: VP & Chief Information Officer C/O AVERY DENNISON CORPORATION, 207 GOODE AVE, GLENDALE CA 91203
Mitchell R Butier officer: VP, Controller & CAO 150 N. ORANGE GROVE BLVD., PASADENA CA 91103
Ignacio J Walker officer: VP and Chief Legal Officer 207 GOODE AVE, GLENDALE CA 91203
Deena Baker-nel officer: VP & Chief HR Officer 207 GOODE AVE, GLENDALE CA 91203
Francisco Melo officer: President, Solutions Group 8080 NORTON PARKWAY, MENTOR OH 44060
Gregory Lovins officer: V.P. and Interim CFO 207 GOODE AVENUE, GLENDALE CA 91203
Julia A Stewart director 4551 WEST 107TH STREET STE 100, C/O APPLEBEES INTERNATIONAL INC, OVERLAND PARK KS 66207
Divina Fe Santiago officer: VP Controller 8080 NORTON PARKWAY, MENTOR OH 44060
Hassan Rmaile officer: President, Materials Group 1200 WILLOW LAKE BLVD, P.O. BOX 64683, ST. PAUL MN 55110
Andres Alberto Lopez director ONE MICHAEL OWENS WAY, PERRYSBURG OH 43551
Francesca Reverberi director C/O TRINSEO S.A., 1000 CHESTERBROOK BLVD., SUITE 300, BERWYN PA 19312
Anthony Anderson director 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Martha N. Sullivan director 529 PLEASANT STREET, MS B-7, ATTLEBORO MA 02703
William Raymond Wagner director C/O VOCUS, INC., 4296 FORBES BOULEVARD, LANHAM MD 20706
Bradley A Alford director 150 N ORANGE GROVE BLVD, PASADENA CA 91103