International Flavors & Fragrances (BSP:I1FF34) EBIT : R$-9,171 Mil (TTM As of Sep. 2024)

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What is International Flavors & Fragrances EBIT?

International Flavors & Fragrances's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was R$936 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was R$-9,171 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. International Flavors & Fragrances's annualized ROC % for the quarter that ended in Sep. 2024 was 2.37%. International Flavors & Fragrances's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 7.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. International Flavors & Fragrances's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -4.61%.

International Flavors & Fragrances EBIT Historical Data

The historical data trend for International Flavors & Fragrances'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.

International Flavors & Fragrances EBIT Chart

International Flavors & Fragrances Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,852.63

2,947.91

3,636.10

-6,761.32

-10,475.77

International Flavors & Fragrances Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															735.87	-12,504.29	986.00	1,411.16	935.89

Competitive Comparison of International Flavors & Fragrances's EBIT

For the Specialty Chemicals subindustry, International Flavors & Fragrances'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.

International Flavors & Fragrances's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, International Flavors & Fragrances's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where International Flavors & Fragrances's EV-to-EBIT falls into.

International Flavors & Fragrances 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-9,171 Mil.

International Flavors & Fragrances (BSP:I1FF34) EBIT Explanation

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

International Flavors & Fragrances's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	5515.648 * ( 1 - 36.84% )	/	( (143711.92	+	150057.766)	/ 2 )
=	3483.6832768	/	146884.843
=	2.37 %

where

	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	))
=	159121.552	-	11795.559	-	( 3614.073	-	max(0, 18447.393	-	43891.329	+	3614.073	))
=	143711.92

	Invested Capital		(Q: Sep. 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	))
=	165735.278	-	12537.579	-	( 3139.933	-	max(0, 17820.64	-	46644.889	+	3139.933	))
=	150057.766

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

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

International Flavors & Fragrances's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3743.552	/	( ( (23978.917 + max(25643.222, 0))	+	(24621.059 + max(27860.672, 0)) )	/	2 )
=	3743.552	/	( ( 49622.139	+	52481.731 )	/	2 )
=	3743.552	/	51051.935
=	7.33 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9560.328	+	12366.486	+	17477.894)	-	(11795.559	+	0	+	1965.927)
=	25643.222

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9812.982	+	12930.763	+	19858.55)	-	(12537.579	+	0	+	2204.044)
=	27860.672

When net working capital is negative, 0 is used.

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

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

International Flavors & Fragrances's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-9171.244	/	198750.282
	=	-4.61 %

International Flavors & Fragrances EBIT Related Terms

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International Flavors & Fragrances Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » International Flavors & Fragrances Inc (BSP:I1FF34) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

IFF:USA IFF:Germany IFF:Germany I1CE34:Brazil IFF:Austria IFF:Argentina

Address

521 West 57th Street, New York, NY, USA, 10019-2960

Website

https://www.iff.com

International Flavors & Fragrances is the largest specialty ingredients producer globally. The company sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world.

International Flavors & Fragrances Headlines

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