Breedon Group (LSE:BREE) EBIT : £147 Mil (TTM As of Dec. 2023)

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What is Breedon Group EBIT?

Breedon Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £84 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £147 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Breedon Group's annualized ROC % for the quarter that ended in Dec. 2023 was 8.65%. Breedon Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Breedon Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.76%.

Breedon Group EBIT Historical Data

The historical data trend for Breedon 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.

Breedon Group EBIT Chart

Breedon Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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107.40

60.20

125.10

147.10

147.20

Breedon Group 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															73.20	65.50	81.60	62.80	84.40

Competitive Comparison of Breedon Group's EBIT

For the Building Materials subindustry, Breedon 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.

Breedon Group's EV-to-EBIT Distribution in the Building Materials Industry

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

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

Breedon 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 £147 Mil.

Breedon Group (LSE:BREE) EBIT Explanation

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

Breedon 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 )
=	160.6 * ( 1 - 20.8% )	/	( (1458.3	+	1482.6)	/ 2 )
=	127.1952	/	1470.45
=	8.65 %

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	))
=	1860.9	-	325.7	-	( 76.9	-	max(0, 342.9	-	486.6	+	76.9	))
=	1458.3

	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	))
=	1872.8	-	263.3	-	( 126.9	-	max(0, 295.6	-	474.9	+	126.9	))
=	1482.6

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:

Breedon 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 )
=	168.8	/	( ( (837.8 + max(74.6, 0))	+	(862.3 + max(60.5, 0)) )	/	2 )
=	168.8	/	( ( 912.4	+	922.8 )	/	2 )
=	168.8	/	917.6
=	18.40 %

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)
=	(322.6	+	87.1	+	0)	-	(325.7	+	0	+	9.4)
=	74.6

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(227.9	+	120.1	+	0)	-	(263.3	+	0	+	24.2)
=	60.5

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	147.2	/	1507.971
	=	9.76 %

Breedon Group EBIT Related Terms

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Breedon Group (LSE:BREE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Breedon Group PLC (LSE:BREE) » Definitions » EBIT

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Traded in Other Exchanges

BRDNF:USA BREEl:UK

Address

28 Esplanade, Saint Helier, JEY, JE2 3QA

Website

https://www.breedongroup.com

Breedon Group PLC is a producer of construction materials. The products include aggregates such as polished stone value stones, sub-base materials and sands for the road construction industry, milled limestones for agricultural applications, asphalt, ready-mix concrete, concrete beams and blocks, and cement. The company also offers surfacing and contracting services, which lays asphalt and other bituminous bound materials. Breedon's customers range from civil engineering businesses over local authorities and utilities companies to homes and smaller businesses. The company generates a majority of its revenue in the United Kingdom.

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