Fonterra Co-operative Group (NZSE:FCG) EBIT : NZ$1,715 Mil (TTM As of Jan. 2025)

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What is Fonterra Co-operative Group EBIT?

Fonterra Co-operative Group's earnings before interest and taxes (EBIT) for the six months ended in Jan. 2025 was NZ$1,099 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2025 was NZ$1,715 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fonterra Co-operative Group's annualized ROC % for the quarter that ended in Jan. 2025 was 11.41%. Fonterra Co-operative Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2025 was 22.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fonterra Co-operative Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2025 was 12.40%.

Fonterra Co-operative Group EBIT Historical Data

The historical data trend for Fonterra Co-operative 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.

Fonterra Co-operative Group EBIT Chart

Fonterra Co-operative Group Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

EBIT

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1,332.00

934.00

1,011.00

1,800.00

1,602.00

Fonterra Co-operative Group Semi-Annual Data
	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24	Jan25
EBIT	Get a 7-Day Free Trial															876.00	924.00	986.00	616.00	1,099.00

Competitive Comparison of Fonterra Co-operative Group's EBIT

For the Packaged Foods subindustry, Fonterra Co-operative 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.

Fonterra Co-operative Group's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

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

Fonterra Co-operative 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 Jan. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$1,715 Mil.

Fonterra Co-operative Group (NZSE:FCG) EBIT Explanation

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

Fonterra Co-operative Group's annualized ROC % for the quarter that ended in Jan. 2025 is calculated as:

	ROC % (Q: Jan. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2024 )	+	Invested Capital (Q: Jan. 2025 ))	/ count )
=	2164 * ( 1 - 28.9% )	/	( (12205	+	14771)	/ 2 )
=	1538.604	/	13488
=	11.41 %

where

	Invested Capital		(Q: Jul. 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	))
=	16679	-	3934	-	( 540	-	max(0, 5847	-	7442	+	540	))
=	12205

	Invested Capital		(Q: Jan. 2025 )
=	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	))
=	20348	-	5359	-	( 218	-	max(0, 7951	-	11063	+	218	))
=	14771

Note: The Operating Income data used here is two times the semi-annual (Jan. 2025) data.

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

Fonterra Co-operative Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jan. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2024		Q: Jan. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2198	/	( ( (6400 + max(1967, 0))	+	(6394 + max(4687, 0)) )	/	2 )
=	2198	/	( ( 8367	+	11081 )	/	2 )
=	2198	/	9724
=	22.60 %

where Working Capital is:

	Working Capital		(Q: Jul. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1831	+	4405	+	504)	-	(3934	+	0	+	839)
=	1967

	Working Capital		(Q: Jan. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2499	+	7990	+	356)	-	(5359	+	0	+	799)
=	4687

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jan. 2025) EBIT data.

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

Fonterra Co-operative Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2025 )
	=	1715	/	13834.953
	=	12.40 %

Fonterra Co-operative Group EBIT Related Terms

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Fonterra Co-operative Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fonterra Co-operative Group Ltd (NZSE:FCG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 Fanshawe Street, Auckland Central, Auckland, NTL, NZL, 1010

Website

https://www.fonterra.com

Fonterra Co-operative Group Ltd operates predominantly in the international dairy industry. The company is involved in the collection, manufacture, and sale of milk and milk-derived products through its ingredients, Consumer and Foodservice channels. The company's reportable segments are Global Markets, Greater China, and Core Operations and the majority of the revenue is generated from its core operations segment. Its primary geographic markets is Asia, China, Australia, New Zealand, the United States, and the Rest of the world.