Danone (Danone) EBIT : $2,386 Mil (TTM As of Dec. 2023)

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What is Danone EBIT?

Danone's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $494 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $2,386 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Danone's annualized ROC % for the quarter that ended in Dec. 2023 was -9.45%. Danone's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Danone's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.71%.

Danone EBIT Historical Data

The historical data trend for Danone'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.

Danone EBIT Chart

Danone Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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3,630.00

3,462.29

2,619.21

2,266.95

2,398.04

Danone Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															1,619.21	1,482.03	781.78	1,891.66	494.00

Competitive Comparison of Danone's EBIT

For the Packaged Foods subindustry, Danone'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.

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

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

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

Danone 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $2,386 Mil.

Danone (OTCPK:DANOY) EBIT Explanation

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

Danone's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	3736.096 * ( 1 - 210.56% )	/	( (45125.677	+	42319.52)	/ 2 )
=	-4130.6277376	/	43722.5985
=	-9.45 %

where

	Invested Capital		(Q: Jun. 2023 )
=	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	))
=	49235.103	-	5485.374	-	( 5695.558	-	max(0, 15166.847	-	13790.899	+	5695.558	))
=	45125.677

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	48512.541	-	7187.568	-	( 6544.166	-	max(0, 15079.607	-	14085.06	+	6544.166	))
=	42319.52

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Danone's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	988.004	/	( ( (7165.764 + max(-1617.552, 0))	+	(7023.991 + max(-1921.483, 0)) )	/	2 )
=	988.004	/	( ( 7165.764	+	7023.991 )	/	2 )
=	988.004	/	7094.8775
=	13.93 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3516.793	+	3024.919	+	1549.295)	-	(5485.374	+	0	+	4223.185)
=	-1617.552

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3183.206	+	2552.89	+	1801.526)	-	(7187.568	+	0	+	2271.537)
=	-1921.483

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2385.66	/	50601.208
	=	4.71 %

Danone EBIT Related Terms

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Danone (Danone) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Danone SA (OTCPK:DANOY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GPDNF:USA BNN:Mexico BNp:UK 0KFX:UK BN:France BSN:Germany BN:Austria

Address

17, Boulevard Haussmann, Paris, FRA, 75009

Website

https://www.danone.com

Following the acquisition of WhiteWave, Danone restructured the firm into three broad segments: essential dairy and plant-based products, which represents just over half of group revenue; specialised nutrition; and bottled water. The firm's portfolio includes well-known brands such as Danone/Dannon dairy products, Nutrilon and Cow & Gate infant nutrition, Evian and Volvic bottled water, as well as leading medical nutrition brands. Danone derives about 60% of its annual sales outside Western Europe, up from about just one third in 2001.