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Asia Pacific Breweries Limited (SGX:A46) EBIT : S$769 Mil (TTM As of Sep. 2012)


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What is Asia Pacific Breweries Limited EBIT?

Asia Pacific Breweries Limited's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2012 was S$176 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2012 was S$769 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Asia Pacific Breweries Limited's annualized ROC % for the quarter that ended in Sep. 2012 was 22.03%. Asia Pacific Breweries Limited's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2012 was 89.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Asia Pacific Breweries Limited's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2012 was 5.70%.


Asia Pacific Breweries Limited EBIT Historical Data

The historical data trend for Asia Pacific Breweries Limited'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.

Asia Pacific Breweries Limited EBIT Chart

Asia Pacific Breweries Limited Annual Data
Trend Sep03 Sep04 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 277.73 291.88 470.49 613.87 768.69

Asia Pacific Breweries Limited Quarterly Data
Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 158.01 256.34 168.77 167.51 176.08

Competitive Comparison of Asia Pacific Breweries Limited's EBIT

For the Beverages - Brewers subindustry, Asia Pacific Breweries Limited'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.


Asia Pacific Breweries Limited's EV-to-EBIT Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Asia Pacific Breweries Limited's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Asia Pacific Breweries Limited's EV-to-EBIT falls into.



Asia Pacific Breweries Limited 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 Sep. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was S$769 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.


Asia Pacific Breweries Limited  (SGX:A46) EBIT Explanation

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

Asia Pacific Breweries Limited's annualized ROC % for the quarter that ended in Sep. 2012 is calculated as:

ROC % (Q: Sep. 2012 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2012 ) + Invested Capital (Q: Sep. 2012 ))/ count )
=704.316 * ( 1 - 42.19% )/( (1761.239 + 1934.576)/ 2 )
=407.1650796/1847.9075
=22.03 %

where

Invested Capital(Q: Jun. 2012 )
=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))
=2513.197 - 586.548 - ( 377.879 - max(0, 656.368 - 821.778+377.879))
=1761.239

Invested Capital(Q: Sep. 2012 )
=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))
=2610.575 - 448.924 - ( 434.201 - max(0, 679.846 - 906.921+434.201))
=1934.576

Note: The Operating Income data used here is four times the quarterly (Sep. 2012) data.

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

Asia Pacific Breweries Limited's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2012 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2012 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2012  Q: Sep. 2012
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=704.316/( ( (783.202 + max(-142.649, 0)) + (798.16 + max(-123.864, 0)) )/ 2 )
=704.316/( ( 783.202 + 798.16 )/ 2 )
=704.316/790.681
=89.08 %

where Working Capital is:

Working Capital(Q: Jun. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 198.442 + 245.457) - (586.548 + 0 + 1.1368683772162E-13)
=-142.649

Working Capital(Q: Sep. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 223.136 + 249.584) - (448.924 + 0 + 147.66)
=-123.864

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2012) EBIT data.

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

Asia Pacific Breweries Limited's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2012 )
=768.692/13496.800
=5.70 %

* 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.


Asia Pacific Breweries Limited EBIT Related Terms

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