GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bic (XPAR:BB) » Definitions » EBIT

Bic (XPAR:BB) EBIT : €305 Mil (TTM As of Jun. 2024)


View and export this data going back to 1989. Start your Free Trial

What is Bic EBIT?

Bic's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €155 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €305 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bic's annualized ROC % for the quarter that ended in Jun. 2024 was 10.96%. Bic's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 26.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bic's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 13.04%.


Bic EBIT Historical Data

The historical data trend for Bic'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.

Bic EBIT Chart

Bic Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 256.41 159.89 451.53 286.04 323.63

Bic Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 197.62 88.42 173.55 150.08 154.50

Competitive Comparison of Bic's EBIT

For the Household & Personal Products subindustry, Bic'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.


Bic's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

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



Bic 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €305 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.


Bic  (XPAR:BB) EBIT Explanation

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

Bic's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=309 * ( 1 - 27.99% )/( (1975.233 + 2085.128)/ 2 )
=222.5109/2030.1805
=10.96 %

where

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))
=2647.337 - 194.84 - ( 477.264 - max(0, 586.3 - 1489.583+477.264))
=1975.233

Invested Capital(Q: Jun. 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))
=2701.177 - 228.85 - ( 387.199 - max(0, 687.32 - 1558.901+387.199))
=2085.128

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Bic's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=309/( ( (623.425 + max(488, 0)) + (600.229 + max(597.194, 0)) )/ 2 )
=309/( ( 1111.425 + 1197.423 )/ 2 )
=309/1154.424
=26.77 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(356.101 + 557.981 + 50.833) - (194.84 + 0 + 282.075)
=488

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(533.822 + 557.557 + 50.037) - (228.85 + 0 + 315.372)
=597.194

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=304.579/2336.486
=13.04 %

* 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.


Bic EBIT Related Terms

Thank you for viewing the detailed overview of Bic's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Bic Business Description

Traded in Other Exchanges
Address
12 Boulevard Victor Hugo, Clichy Cedex, Paris, FRA, 92110
Bic SA Bic SA manufactures and markets writing instruments lighters shavers advertising and promotional products in France and globally. The company offers its products through various channels stationery stores office supplies companies convenience stores distributors wholesalers cash and carry stores and e-commerce. Its products include BIC 3 BIC Comfort 3 BIC EasyHybrid 3blade BIC Flex range BIC Flex Hybrid range BIC Pure 3 Lady BIC Soleil and Others. By net sales, the majority of the market is in North America followed by Europe and the developing markets of the Middle East Africa Latin America, and Asia.