Anheuser-Busch InBev/NV (Anheuser-Busch InBev/NV) EBIT : $13,156 Mil (TTM As of Dec. 2023)

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What is Anheuser-Busch InBev/NV EBIT?

Anheuser-Busch InBev/NV's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $3,612 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $13,156 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Anheuser-Busch InBev/NV's annualized ROC % for the quarter that ended in Dec. 2023 was 5.82%. Anheuser-Busch InBev/NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 53.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Anheuser-Busch InBev/NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.07%.

Anheuser-Busch InBev/NV EBIT Historical Data

The historical data trend for Anheuser-Busch InBev/NV'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.

Anheuser-Busch InBev/NV EBIT Chart

Anheuser-Busch InBev/NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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17,670.00

6,729.00

12,803.00

13,967.00

13,718.00

Anheuser-Busch InBev/NV 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															4,328.00	3,657.00	2,250.00	3,637.00	3,612.00

Competitive Comparison of Anheuser-Busch InBev/NV's EBIT

For the Beverages - Brewers subindustry, Anheuser-Busch InBev/NV'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.

Anheuser-Busch InBev/NV's EV-to-EBIT Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Anheuser-Busch InBev/NV's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Anheuser-Busch InBev/NV's EV-to-EBIT falls into.

Anheuser-Busch InBev/NV 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 $13,156 Mil.

Anheuser-Busch InBev/NV (NYSE:BUD) EBIT Explanation

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

Anheuser-Busch InBev/NV'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 )
=	13964 * ( 1 - 14.21% )	/	( (0	+	206006)	/ 1 )
=	11979.7156	/	206006
=	5.82 %

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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	219340	-	27123	-	( 10399	-	max(0, 37156	-	23367	+	10399	))
=	206006

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

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

Anheuser-Busch InBev/NV'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 )
=	14448	/	( ( (0 + max(0, 0))	+	(26818 + max(-22209, 0)) )	/	1 )
=	14448	/	( ( 0	+	26818 )	/	1 )
=	14448	/	26818
=	53.87 %

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)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4347	+	5463	+	1133)	-	(27123	+	441	+	5588)
=	-22209

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:

Anheuser-Busch InBev/NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	13156	/	185988.989
	=	7.07 %

Anheuser-Busch InBev/NV EBIT Related Terms

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Anheuser-Busch InBev/NV (Anheuser-Busch InBev/NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Anheuser-Busch InBev SA/NV (NYSE:BUD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ANH:South Africa BUDFF:USA ANB:Mexico ABI:Italy 0A22:UK ABIb:UK 0RJI:UK 1NBA:Germany ITKA:Germany 1NBA:Germany 1NBA:Germany ITKA:Germany 1NBA:Germany ABUD34:Brazil ABI:Belgium ABIN:Austria

Address

Brouwerijplein 1, Leuven, BEL, 3000

Website

https://www.ab-inbev.com

Anheuser-Busch InBev is the largest brewer in the world and one of the world's top five consumer product companies, as measured by EBITDA. The company's portfolio contains six of the top 10 beer brands by volume, according to Euromonitor, and we estimate it distributes 23 brands with retail sales over $1 billion. AB InBev was created by the 2008 merger of Belgium-based InBev and U.S.-based Anheuser-Busch. The firm holds a 62% economic interest in Ambev and in 2016 it acquired SABMiller.