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Sea Harvest Group (JSE:SHG) EBIT : R595 Mil (TTM As of Dec. 2023)


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What is Sea Harvest Group EBIT?

Sea Harvest Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was R232 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was R595 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sea Harvest Group's annualized ROC % for the quarter that ended in Dec. 2023 was 3.90%. Sea Harvest Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sea Harvest Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.24%.


Sea Harvest Group EBIT Historical Data

The historical data trend for Sea Harvest Group'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.

Sea Harvest Group EBIT Chart

Sea Harvest Group 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 648.26 651.00 685.34 513.31 594.84

Sea Harvest Group Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 360.19 293.63 219.68 362.66 232.18

Competitive Comparison of Sea Harvest Group's EBIT

For the Farm Products subindustry, Sea Harvest Group'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.


Sea Harvest Group's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

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



Sea Harvest Group 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 R595 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.


Sea Harvest Group  (JSE:SHG) EBIT Explanation

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

Sea Harvest Group'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 )
=420.85 * ( 1 - 34.39% )/( (7082.268 + 7090.699)/ 2 )
=276.119685/7086.4835
=3.90 %

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))
=8100.213 - 898.324 - ( 119.621 - max(0, 1366.467 - 2409.869+119.621))
=7082.268

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))
=8024.545 - 653.245 - ( 280.601 - max(0, 1253.432 - 2364.584+280.601))
=7090.699

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:

Sea Harvest Group'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 )
=464.352/( ( (2755.862 + max(1279.727, 0)) + (2643.451 + max(1182.019, 0)) )/ 2 )
=464.352/( ( 4035.589 + 3825.47 )/ 2 )
=464.352/3930.5295
=11.81 %

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)
=(1088.238 + 1168.387 + 23.968) - (898.324 + 0 + 102.542)
=1279.727

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(710.213 + 1152.786 + 164.588) - (653.245 + 0 + 192.323)
=1182.019

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:

Sea Harvest Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=594.835/5292.532
=11.24 %

* 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.


Sea Harvest Group EBIT Related Terms

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Sea Harvest Group (JSE:SHG) Business Description

Traded in Other Exchanges
N/A
Address
Searle Street, 1st Floor, Block C, The Boulevard Office Park, Woodstock, Cape Town, ZAF, 7925
Sea Harvest Group Ltd is engaged in the fishing of Cape Hake and Shark Bay Prawns along with Horse Mackerel, Pilchards, Anchovies, and a variety of farmed species, processing of the catch into frozen and chilled seafood, and the marketing of these products, locally and internationally. It operates in four segments: South African Fishing, Australian operation, Aquaculture, and Cape Harvest Foods segments." The majority of its revenue comes from the South African Fishing segment.