GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Symrise AG (MIL:1SYM) » Definitions » EBIT

Symrise AG (MIL:1SYM) EBIT : €622 Mil (TTM As of Jun. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Symrise AG EBIT?

Symrise AG's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €373 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €622 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Symrise AG's annualized ROC % for the quarter that ended in Jun. 2024 was 7.81%. Symrise AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 24.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Symrise AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.72%.


Symrise AG EBIT Historical Data

The historical data trend for Symrise 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.

Symrise AG EBIT Chart

Symrise AG 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 460.95 481.39 555.06 490.03 559.67

Symrise 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 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 Premium Member Only Premium Member Only 348.35 141.68 310.05 249.62 372.76

Competitive Comparison of Symrise AG's EBIT

For the Specialty Chemicals subindustry, Symrise 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.


Symrise AG's EV-to-EBIT Distribution in the Chemicals Industry

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

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



Symrise 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 €622 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.


Symrise AG  (MIL:1SYM) EBIT Explanation

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

Symrise 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 )
=725.202 * ( 1 - 25.3% )/( (6845.214 + 7027.09)/ 2 )
=541.725894/6936.152
=7.81 %

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))
=7845.613 - 607.373 - ( 393.026 - max(0, 936.581 - 2702.175+393.026))
=6845.214

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))
=7911.352 - 576.002 - ( 308.26 - max(0, 927.333 - 2749.645+308.26))
=7027.09

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:

Symrise 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 )
=745.516/( ( (1669.009 + max(1304.242, 0)) + (1667.678 + max(1461.802, 0)) )/ 2 )
=745.516/( ( 2973.251 + 3129.48 )/ 2 )
=745.516/3051.3655
=24.43 %

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)
=(868.305 + 1255.845 + 53.743) - (607.373 + 0 + 266.278)
=1304.242

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1023.989 + 1229.373 + 48.332) - (576.002 + 0 + 263.89)
=1461.802

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=622.377/16739.150
=3.72 %

* 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.


Symrise AG EBIT Related Terms

Thank you for viewing the detailed overview of Symrise AG's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Symrise AG Business Description

Address
Muhlenfeldstrasse 1, Holzminden, ST, DEU, 37603
Symrise is a global supplier of ingredients for fragrances and flavourings across the food, beverage, household products, and pharmaceutical industries. With an estimated 12% market share, it is the world's fourth-largest supplier of fragrances and flavourings. The company was created after a 2003 merger of two companies that originated in 1874 and 1919. With 9,000 employees, Symrise produces 30,000 products sourced from 10,000 mostly natural raw materials such as vanilla, citrus, blossoms, and plant or animal materials for more than 6,000 customers.

Symrise AG Headlines

No Headlines