Puma SE (FRA:PUMA) EBIT : €636 Mil (TTM As of Dec. 2023)

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What is Puma SE EBIT?

Puma SE's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was €109 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €636 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Puma SE's annualized ROC % for the quarter that ended in Dec. 2023 was 6.29%. Puma SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 16.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Puma SE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.61%.

Puma SE EBIT Historical Data

The historical data trend for Puma SE'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.

Puma SE EBIT Chart

Puma SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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465.40

240.20

549.70

675.40

636.30

Puma SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															75.30	175.50	115.30	236.30	109.10

Competitive Comparison of Puma SE's EBIT

For the Footwear & Accessories subindustry, Puma SE'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.

Puma SE's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Puma SE's EV-to-EBIT distribution charts can be found below:

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

Puma SE 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 quarterly data reported by the company within the most recent 12 months, which was €636 Mil.

Puma SE (FRA:PUMA) EBIT Explanation

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

Puma SE'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	377.2 * ( 1 - 18.32% )	/	( (5332.2	+	4462.8)	/ 2 )
=	308.09696	/	4897.5
=	6.29 %

where

	Invested Capital		(Q: Sep. 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	))
=	6850.3	-	1230.1	-	( 288	-	max(0, 2585	-	4156.1	+	288	))
=	5332.2

	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	))
=	6640.4	-	1579.1	-	( 598.5	-	max(0, 2537.2	-	3931.1	+	598.5	))
=	4462.8

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Puma SE'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	436.4	/	( ( (1061.1 + max(1487.1, 0))	+	(1773.2 + max(1106.1, 0)) )	/	2 )
=	436.4	/	( ( 2548.2	+	2879.3 )	/	2 )
=	436.4	/	2713.75
=	16.08 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1457.3	+	1874.1	+	536.7)	-	(1230.1	+	0	+	1150.9)
=	1487.1

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1118.4	+	1801.5	+	365.1)	-	(1579.1	+	0	+	599.8)
=	1106.1

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	636.2	/	8357.980
	=	7.61 %

Puma SE EBIT Related Terms

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Puma SE (FRA:PUMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Puma SE (FRA:PUMA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PUMSY:USA PMMAF:USA PUMd:UK 0NQE:UK PUM:Germany PUM:Austria

Address

Puma Way 1, Herzogenaurach, BY, DEU, 91074

Website

https://www.puma.com

Puma designs and markets footwear, apparel, and accessories under its own name and golf clubs and golf accessories under the Cobra Golf name. Footwear (51% of 2022 sales) is its largest category, followed by apparel (34%) and accessories (15%). Puma also licenses its name for fragrances, eyewear, and watches. Most (77% in 2022) of its sales are through wholesale partners, with the rest through approximately 1,000 owned retail and outlet stores and online channels. The company's products are sold in Europe, the Middle East, and Africa (36.8% of 2022 sales), the Americas (43.5%), and Asia-Pacific (19.7%).

Puma SE (FRA:PUMA) Headlines

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