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Universal (Universal) EBIT : $219 Mil (TTM As of Dec. 2023)


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What is Universal EBIT?

Universal's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $91 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $219 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Universal's annualized ROC % for the quarter that ended in Dec. 2023 was 11.16%. Universal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Universal's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.99%.


Universal EBIT Historical Data

The historical data trend for Universal'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.

Universal EBIT Chart

Universal Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 168.83 133.15 150.68 170.01 191.27

Universal 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 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 77.88 62.18 8.96 56.28 91.29

Competitive Comparison of Universal's EBIT

For the Tobacco subindustry, Universal'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.


Universal's EV-to-EBIT Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Universal's EV-to-EBIT distribution charts can be found below:

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



Universal 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 $219 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.


Universal  (NYSE:UVV) EBIT Explanation

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

Universal'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 )
=353.552 * ( 1 - 19.11% )/( (2566.069 + 2558.215)/ 2 )
=285.9882128/2562.142
=11.16 %

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))
=2861.772 - 196.02 - ( 99.683 - max(0, 701.145 - 2047.713+99.683))
=2566.069

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))
=2833.874 - 201.557 - ( 74.102 - max(0, 624.874 - 2013.629+74.102))
=2558.215

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

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

Universal'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 )
=365.176/( ( (392.926 + max(1558.733, 0)) + (395.343 + max(1690.383, 0)) )/ 2 )
=365.176/( ( 1951.659 + 2085.726 )/ 2 )
=365.176/2018.6925
=18.09 %

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)
=(424.333 + 1298.508 + 225.189) - (196.02 + 166.505 + 26.772)
=1558.733

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(468.415 + 1205.276 + 265.836) - (201.557 + 19.62 + 27.967)
=1690.383

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=218.717/2189.224
=9.99 %

* 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.


Universal EBIT Related Terms

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Universal (Universal) Business Description

Traded in Other Exchanges
Address
9201 Forest Hill Avenue, Richmond, VA, USA, 23235
Universal Corp is a global leaf tobacco supplier. The company procures leaf tobacco from farmers, processes it, and sells it to companies that manufacture consumer tobacco products. Universal does not manufacture or sell any consumer products itself. The company's segment includes Tobacco Operations and Ingredients Operations. It generates maximum revenue from the Tobacco Operations segment. Geographically, it derives a majority of revenue from the United States.
Executives
Candace C Formacek officer: Vice President & Treasurer PO BOX 25099, RICHMOND VA 23260
Robert C Sledd director 9201 FOREST HILL AVENUE, RICHMOND VA 23235
Airton L Hentschke officer: SVP & COO 9201 FOREST HILL AVENUE, RICHMOND VA 23235
Lennart R. Freeman director 9201 FOREST HILL AVENUE, RICHMOND VA 23235
Mckeen Starke officer: Senior VP & Sales Director 9201 FOREST HILL AVENUE, RICHMOND VA 23235
Preston Douglas Wigner officer: VP, General Counsel & Secy 9201 FOREST HILL AVENUE, PO BOX 25099, RICHMOND VA 23260
Schick Arthur J. Jr. director 9201 FOREST HILL AVENUE, RICHMOND VA 23235
Theodore G Broome other: Subsidiary Officer PO BOX 25099, RICHMOND VA 23260
Thomas H Johnson director 9201 FOREST HILL AVENUE, RICHMOND VA 23235
Diana F Cantor director 9201 FOREST HILL AVENUE, RICHMOND VA 23235
Michael T Lawton director DOMINO'S PIZZA, 30 FRANK LLOYD WRIGHT DRIVE, ANN ARBOR MI 48106
Tullidge Thomas H Jr director PO BOX 25099, RICHMOND VA 23260
Jacqueline T. Williams director UNIVERSAL CORP., 9201 FOREST HILL AVENUE, RICHMOND VA 23235
Scott J Bleicher officer: Vice President and Controller PO BOX 25099, RICHMOND VA 23260
John Patrick O'keefe other: Subsidiary Officer 9201 FOREST HILL AVENUE, RICHMOND VA 23235

Universal (Universal) Headlines