GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » British American Tobacco PLC (XTER:BMT) » Definitions » EBIT

British American Tobacco (XTER:BMT) EBIT : €-17,859 Mil (TTM As of Jun. 2024)


View and export this data going back to 2004. Start your Free Trial

What is British American Tobacco EBIT?

British American Tobacco's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €6,979 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €-17,859 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. British American Tobacco's annualized ROC % for the quarter that ended in Jun. 2024 was 6.34%. British American Tobacco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 264.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. British American Tobacco's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -14.83%.


British American Tobacco EBIT Historical Data

The historical data trend for British American Tobacco'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.

British American Tobacco EBIT Chart

British American Tobacco 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 11,441.68 11,552.19 12,538.29 12,633.04 -17,613.37

British American Tobacco 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 4,517.97 8,174.05 7,253.48 -24,837.93 6,979.32

Competitive Comparison of British American Tobacco's EBIT

For the Tobacco subindustry, British American Tobacco'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.


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

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

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



British American Tobacco 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 €-17,859 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.


British American Tobacco  (XTER:BMT) EBIT Explanation

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

British American Tobacco'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 )
=10074.804 * ( 1 - 18.59% )/( (127115.933 + 131594.15)/ 2 )
=8201.8979364/129355.0415
=6.34 %

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))
=137800.724 - 12410.841 - ( 3440.491 - max(0, 18192.584 - 16466.534+3440.491))
=127115.933

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))
=141086.261 - 12056.907 - ( 7836.221 - max(0, 21324.45 - 18759.654+7836.221))
=131594.15

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:

British American Tobacco'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 )
=13958.638/( ( (5319.761 + max(-147.417, 0)) + (5232.421 + max(-1765.808, 0)) )/ 2 )
=13958.638/( ( 5319.761 + 5232.421 )/ 2 )
=13958.638/5276.091
=264.56 %

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)
=(4203.11 + 5731.83 + 3091.103) - (12410.841 + 0 + 762.619)
=-147.417

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4298.693 + 6304.435 + 320.305) - (12056.907 + 0 + 632.334)
=-1765.808

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:

British American Tobacco's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-17858.613/120402.532
=-14.83 %

* 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.


British American Tobacco EBIT Related Terms

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


British American Tobacco Business Description

Address
Globe House, 4 Temple Place, London, GBR, WC2R 2PG
The second-largest tobacco company by volume, British American Tobacco sold 555 billion cigarettes in 2023. Its leading brands are Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans in cigarettes. Its ownership of the Camel, Natural American Spirit, and Newport brands are limited to the us. In next-generation products, the company has the Vuse brand in vaping, Glo in heated tobacco, and Velo in modern oral tobacco. The company also owns a 25.5% stake in ITC limited, the largest Indian cigarette company.

British American Tobacco Headlines

No Headlines