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FDP (Fresh Del Monte Produce) EBIT : $51 Mil (TTM As of Sep. 2024)


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What is Fresh Del Monte Produce EBIT?

Fresh Del Monte Produce's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $54 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $51 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fresh Del Monte Produce's annualized ROC % for the quarter that ended in Sep. 2024 was 5.92%. Fresh Del Monte Produce's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 11.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fresh Del Monte Produce's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.53%.


Fresh Del Monte Produce EBIT Historical Data

The historical data trend for Fresh Del Monte Produce'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.

Fresh Del Monte Produce EBIT Chart

Fresh Del Monte Produce Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 115.00 72.00 102.20 142.20 40.60

Fresh Del Monte Produce 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 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 18.90 -109.70 36.40 70.50 54.00

Competitive Comparison of Fresh Del Monte Produce's EBIT

For the Farm Products subindustry, Fresh Del Monte Produce'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.


Fresh Del Monte Produce's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Fresh Del Monte Produce's EV-to-EBIT falls into.



Fresh Del Monte Produce 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 $51 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.


Fresh Del Monte Produce  (NYSE:FDP) EBIT Explanation

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

Fresh Del Monte Produce'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 )
=183.6 * ( 1 - 15.86% )/( (2604.1 + 2616.5)/ 2 )
=154.48104/2610.3
=5.92 %

where

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

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

Fresh Del Monte Produce'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 )
=216/( ( (1417.4 + max(491, 0)) + (1397.9 + max(516.9, 0)) )/ 2 )
=216/( ( 1908.4 + 1914.8 )/ 2 )
=216/1911.6
=11.30 %

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)
=(408.1 + 537.4 + 34.7) - (467.2 + 0 + 22)
=491

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(390.3 + 588.7 + 54.5) - (489.6 + 0 + 27)
=516.9

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:

Fresh Del Monte Produce's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=51.2/2022.426
=2.53 %

* 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.


Fresh Del Monte Produce EBIT Related Terms

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Fresh Del Monte Produce Business Description

Traded in Other Exchanges
Address
c/o H&C Corporate Services Ltd, 87 Mary Street, 4th Floor, Apollo House, P.O. Box 698, George Town, Grand Cayman, CYM, KY1-1107
Fresh Del Monte Produce Inc is an integrated producer, marketer & distributor of fresh-cut fruit & vegetables. It operates in three segments, Fresh and value-added products segment, which includes pineapples, fresh-cut fruit, fresh-cut vegetables, melons, vegetables, non-tropical fruit, other fruit and vegetables, avocados, and prepared foods, Banana segment & Other products and services segment, including the third-party freight & logistic services business & the Jordanian poultry and meats business. The majority is from the Fresh and value-added products segment. Geographically, it operates in North America, Europe, Asia, the Middle East, and Other, out of which the highest is from North America.
Executives
Mary Ann Cloyd director 184 LIBERTY CORNER ROAD, SUITE 302, WARREN NJ 07059
Michael J Berthelot director P O BOX 7277, RANCHO SANTA FE CA 92067
Reyes Jorge Pelaez officer: VP, Central America C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33114
Monica Vicente officer: SVP, Chief Financial Officer C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Marissa R Tenazas officer: SVP Corporate Human Resources C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Tarek Ahmad Betti officer: Chief Human Resources Officer C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Jesus Rodriguez Calvo officer: SVP, NA Sales & Marketing C/O FRESH DEL MONTE PRODUCE INC, P.O. BOX 149222, CORAL GABLES FL 33114
Effie D Silva officer: SVP, General Counsel & Secy C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Mohammed Abbas officer: V.P. Middle East and N. Africa C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33134
Ghazaleh Amir Abu director, 10 percent owner 241 SEVILLA AVE, 12TH FL, CORAL GABLES FL 33134
Sergio Mancilla officer: VP South America C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Hans Sauter officer: SVP, R&D and Agriculture C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33114
Helmuth Lutty officer: SVP, Shipping Operations C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33114
Ziad Nabulsi officer: SVP, North American Operations C/O FRESH DEL MONTE PRODUCE INC, P.O. BOX 149222, CORAL GABLES FL 33114
Gianpaolo Renino officer: V.P. Europe and Africa C/O FRESH DEL MONTE, INC., PO BOX 149222, CORAL GABLES FL 33134