HDELY (Heidelberg Materials AG) EBIT : $3,111 Mil (TTM As of Jun. 2024)

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What is Heidelberg Materials AG EBIT?

Heidelberg Materials AG's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $1,101 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $3,111 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Heidelberg Materials AG's annualized ROC % for the quarter that ended in Jun. 2024 was 5.00%. Heidelberg Materials AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Heidelberg Materials AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 9.63%.

Heidelberg Materials AG EBIT Historical Data

The historical data trend for Heidelberg Materials AG'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.

Heidelberg Materials AG EBIT Chart

Heidelberg Materials AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,216.11

-1,611.07

3,528.93

2,508.79

3,345.37

Heidelberg Materials AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															952.11	1,554.66	1,325.89	2,010.80	1,100.54

Competitive Comparison of Heidelberg Materials AG's EBIT

For the Building Materials subindustry, Heidelberg Materials AG'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.

Heidelberg Materials AG's EV-to-EBIT Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Heidelberg Materials AG's EV-to-EBIT distribution charts can be found below:

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

Heidelberg Materials AG 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $3,111 Mil.

Heidelberg Materials AG (OTCPK:HDELY) EBIT Explanation

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

Heidelberg Materials AG's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	2378.472 * ( 1 - 29.45% )	/	( (33427.154	+	33752.206)	/ 2 )
=	1678.011996	/	33589.68
=	5.00 %

where

	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	))
=	38682.116	-	3687.023	-	( 3493.13	-	max(0, 8052.781	-	9620.72	+	3493.13	))
=	33427.154

	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	))
=	38047.47	-	3389.128	-	( 1941.335	-	max(0, 7949.3	-	8855.436	+	1941.335	))
=	33752.206

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Heidelberg Materials AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2201.076	/	( ( (15430.207 + max(-209.815, 0))	+	(15282.131 + max(630.463, 0)) )	/	2 )
=	2201.076	/	( ( 15430.207	+	15912.594 )	/	2 )
=	2201.076	/	15671.4005
=	14.05 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2186.696	+	2880.698	+	692.366)	-	(3687.023	+	0	+	2282.552)
=	-209.815

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2818.945	+	2915.285	+	169.107)	-	(3389.128	+	0	+	1883.746)
=	630.463

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Heidelberg Materials AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	3111.334	/	32316.083
	=	9.63 %

Heidelberg Materials AG EBIT Related Terms

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Heidelberg Materials AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Heidelberg Materials AG (OTCPK:HDELY) » Definitions » EBIT

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Traded in Other Exchanges

HLBZF:USA 1HEI:Italy HEId:UK 0MG2:UK HEI:Germany

Address

Berliner Strasse 6, Heidelberg, BW, DEU, 69120

Website

https://www.heidelbergmaterials.com

Heidelberg Materials is one of the world's largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. North America is the company's largest market, contributing 29% of EBITDA, followed by Western and Southern Europe, contributing 21%. Heidelberg Materials is listed in Germany and has 55,000 employees.