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SJM (JM Smucker Co) EBIT : $1,218 Mil (TTM As of Oct. 2024)


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What is JM Smucker Co EBIT?

JM Smucker Co's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2024 was $166 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2024 was $1,218 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. JM Smucker Co's annualized ROC % for the quarter that ended in Oct. 2024 was -3.19%. JM Smucker Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was 20.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. JM Smucker Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was 5.96%.


JM Smucker Co EBIT Historical Data

The historical data trend for JM Smucker Co'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.

JM Smucker Co EBIT Chart

JM Smucker Co Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,215.90 1,349.00 1,004.70 142.80 1,260.70

JM Smucker Co Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 284.50 295.30 410.40 346.40 165.50

Competitive Comparison of JM Smucker Co's EBIT

For the Packaged Foods subindustry, JM Smucker Co'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.


JM Smucker Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where JM Smucker Co's EV-to-EBIT falls into.



JM Smucker Co 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,218 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.


JM Smucker Co  (NYSE:SJM) EBIT Explanation

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

JM Smucker Co's annualized ROC % for the quarter that ended in Oct. 2024 is calculated as:

ROC % (Q: Oct. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2024 ) + Invested Capital (Q: Oct. 2024 ))/ count )
=1764.8 * ( 1 - 136.68% )/( (20585 + 20056)/ 2 )
=-647.32864/20320.5
=-3.19 %

where

Note: The Operating Income data used here is four times the quarterly (Oct. 2024) data.

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

JM Smucker Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2024  Q: Oct. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=662/( ( (3259.8 + max(-25.9, 0)) + (3235.3 + max(-69.2, 0)) )/ 2 )
=662/( ( 3259.8 + 3235.3 )/ 2 )
=662/3247.55
=20.38 %

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)
=(734.9 + 1137.8 + 168.9) - (1446.1 + 0 + 621.4)
=-25.9

Working Capital(Q: Oct. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(804.6 + 1084.4 + 117.3) - (1471.8 + 0 + 603.7)
=-69.2

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2024) EBIT data.

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

JM Smucker Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Oct. 2024 )
=1217.6/20434.724
=5.96 %

* 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.


JM Smucker Co EBIT Related Terms

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JM Smucker Co Business Description

Traded in Other Exchanges
Address
One Strawberry Lane, Orrville, OH, USA, 44667-0280
J.M. Smucker is a packaged food company that primarily sells through the US retail channel (78% of fiscal 2024 revenue came through its retail pet foods, coffee, and frozen handheld/spreads segments), with the remaining share consisting of Hostess and international (primarily Canada). Retail coffee is its largest category (33% of sales) with brands Folgers and Dunkin'. Pet foods (22% of sales) holds leading brands like Milk-Bone and Meow Mix. Of its remaining, approximately 22% comes from consumer foods, primarily peanut butter and jelly, through brands Jif and Smucker's. The company acquired Hostess Brands in fiscal 2024 to boost its snack and convenience store presence.
Executives
Mark T Smucker officer: Vice President
Jeannette L Knudsen officer: Chief Legal & Compliance Offic ONE STRAWBERRY LANE, ORRVILLE OH 44667
Tarang Amin director C/O SCHIFF NUTRITION INTERNATIONAL, INC., 2002 SOUTH 5070 WEST, SALT LAKE CITY UT 84104
Tucker H Marshall officer: Chief Financial Officer ONE STRAWBERRY LANE, ORRVILLE OH 44667
Amy C Held officer: Chief Strategy & Int'l Officer ONE STRAWBERRY LANE, ORRVILLE OH 44667
Mercedes Abramo director ONE STRAWBERRY LANE, ORRVILLE OH 44667
Richard K Smucker director, officer: President C/ WM WRIGLEY JR CO, 410 N MICHIGAN AVE, CHICAGO IL 60611
Jill R Penrose officer: Chief People & Admin Officer ONE STRAWBERRY LANE, ORRVILLE OH 44667
John P Brase officer: Chief Operating Officer ONE STRAWBERRY LANE, ORRVILLE OH 44667
Geoff E Tanner officer: Chief Marketing & Commercial ONE STRAWBERRY LANE, ORRVILLE OH 44667
Johnson Jonathan E Iii director 6322 S 300 S, STE 100, SALT LAKE CITY UT 84121
Nancy Lopez Knight director 2308 TARA DRIVE, ALBANY GA 31721
Jay L Henderson director 50 SOUTH LASALLE ST, CHICAGO IL 60603
Alex Shumate director 41 S HIGH ST, STE 1300, COLUMBUS OH 43215
Sandra Pianalto director 1000 EATON BOULEVARD, CLEVELAND OH 44122