Ocado Group (LSE:OCDO) EBIT : £-307 Mil (TTM As of Nov. 2023)

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What is Ocado Group EBIT?

Ocado Group's earnings before interest and taxes (EBIT) for the six months ended in Nov. 2023 was £-64 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2023 was £-307 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ocado Group's annualized ROC % for the quarter that ended in Nov. 2023 was -21.06%. Ocado Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was -5.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ocado Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was -7.78%.

Ocado Group EBIT Historical Data

The historical data trend for Ocado 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.

Ocado Group EBIT Chart

Ocado Group Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

EBIT

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-29.70

-183.60

3.60

-105.30

-410.80

Ocado Group Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
EBIT	Get a 7-Day Free Trial															-108.30	-167.80	-243.00	-242.50	-64.00

Competitive Comparison of Ocado Group's EBIT

For the Grocery Stores subindustry, Ocado 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.

Ocado Group's EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ocado Group's EV-to-EBIT distribution charts can be found below:

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

Ocado 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-307 Mil.

Ocado Group (LSE:OCDO) EBIT Explanation

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

Ocado Group's annualized ROC % for the quarter that ended in Nov. 2023 is calculated as:

	ROC % (Q: Nov. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: May. 2023 )	+	Invested Capital (Q: Nov. 2023 ))	/ count )
=	-675.4 * ( 1 - 1.85% )	/	( (3197.8	+	3099)	/ 2 )
=	-662.9051	/	3148.4
=	-21.06 %

where

	Invested Capital		(Q: May. 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	))
=	4488.8	-	456.3	-	( 1008.5	-	max(0, 569.9	-	1404.6	+	1008.5	))
=	3197.8

	Invested Capital		(Q: Nov. 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	))
=	4429	-	469.3	-	( 906.5	-	max(0, 576.8	-	1437.5	+	906.5	))
=	3099

Note: The Operating Income data used here is two times the semi-annual (Nov. 2023) data.

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

Ocado Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Nov. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: May. 2023		Q: Nov. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-128	/	( ( (2293.7 + max(-115.5, 0))	+	(2223 + max(9.7, 0)) )	/	2 )
=	-128	/	( ( 2293.7	+	2232.7 )	/	2 )
=	-128	/	2263.2
=	-5.66 %

where Working Capital is:

	Working Capital		(Q: May. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(308.9	+	85.7	+	0)	-	(456.3	+	0	+	53.8)
=	-115.5

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(375.4	+	127.1	+	28.5)	-	(469.3	+	0	+	52)
=	9.7

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Nov. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Nov. 2023 )
	=	-306.5	/	3939.288
	=	-7.78 %

Ocado Group EBIT Related Terms

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Ocado Group (LSE:OCDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ocado Group PLC (LSE:OCDO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

OCDGF:USA OCDDY:USA OCDO:Mexico OCDOl:UK 0OC:Germany

Address

Mosquito Way, Buildings One and Two Trident Place, Hatfield Business Park, Hatfield, Hertfordshire, GBR, AL10 9UL

Website

https://www.ocadogroup.com

Ocado, one of the largest pure online grocers in the world, operates in two divisions. Ocado Retail is the group's online grocery business in the United Kingdom (joint venture with Marks & Spencer); it offers an extensive product range of over 55,000 items via its Ocado.com website and holds more than 15% of the U.K. online grocery market and approximately 2% of the total U.K. grocery market. Ocado Solutions is built on the Ocado Smart Platform, a modular, automated online retail fulfilment and delivery solution that involves the provision of software, fulfilment infrastructure, and support services to corporate clients for a variety of one-time and ongoing costs. OSP has allowed the company to work with some of the world's largest grocers, including Ocado's retail operation.

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