Top Frontier Investment Holdings (PHS:TFHI) EBIT : ₱156,751 Mil (TTM As of Dec. 2023)

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What is Top Frontier Investment Holdings EBIT?

Top Frontier Investment Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₱40,580 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₱156,751 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Top Frontier Investment Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 3.52%. Top Frontier Investment Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Top Frontier Investment Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.67%.

Top Frontier Investment Holdings EBIT Historical Data

The historical data trend for Top Frontier Investment Holdings'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.

Top Frontier Investment Holdings EBIT Chart

Top Frontier Investment Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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126,057.00

84,804.00

104,139.00

92,395.00

156,751.00

Top Frontier Investment Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															39,466.00	51,420.00	34,173.00	30,578.00	40,580.00

Competitive Comparison of Top Frontier Investment Holdings's EBIT

For the Conglomerates subindustry, Top Frontier Investment Holdings'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.

Top Frontier Investment Holdings's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Top Frontier Investment Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Top Frontier Investment Holdings's EV-to-EBIT falls into.

Top Frontier Investment Holdings 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 quarterly data reported by the company within the most recent 12 months, which was ₱156,751 Mil.

Top Frontier Investment Holdings (PHS:TFHI) EBIT Explanation

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

Top Frontier Investment Holdings'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	137716 * ( 1 - 42.6% )	/	( (2225865	+	2271902)	/ 2 )
=	79048.984	/	2248883.5
=	3.52 %

where

	Invested Capital		(Q: Sep. 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	))
=	2587852	-	280998	-	( 265702	-	max(0, 758504	-	839493	+	265702	))
=	2225865

	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	))
=	2610401	-	257169	-	( 263259	-	max(0, 751297	-	832627	+	263259	))
=	2271902

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Top Frontier Investment Holdings'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	162320	/	( ( (896021 + max(215194, 0))	+	(910138 + max(219440, 0)) )	/	2 )
=	162320	/	( ( 1111215	+	1129578 )	/	2 )
=	162320	/	1120396.5
=	14.49 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(185061	+	173338	+	137793)	-	(280998	+	0	+	0)
=	215194

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(188492	+	165510	+	140240)	-	(257169	+	0	+	17633)
=	219440

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Top Frontier Investment Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	156751	/	1236695.129
	=	12.67 %

Top Frontier Investment Holdings EBIT Related Terms

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Top Frontier Investment Holdings (PHS:TFHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Top Frontier Investment Holdings Inc (PHS:TFHI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 399 Sen. Gil. Puyat Avenue, 5th Floor, ENZO Building, Makati, PHL, 1200

Website

https://topfrontier.com.ph

Top Frontier Investment Holdings Inc is an investment holding company engaged in the processing and marketing of branded refrigerated processed meats and canned meat products. The operating business segments are food and beverage, packaging, energy, fuel and oil, infrastructure and Cement, Real Estate, Mining and Others. The company derives maximum revenue from fuel and oil segment. The fuel and oil segment is engaged in refining crude oil and marketing and distribution of refined petroleum products.

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