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FMC (FMC) EBIT : $537 Mil (TTM As of Dec. 2023)


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What is FMC EBIT?

FMC's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $537 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FMC's annualized ROC % for the quarter that ended in Dec. 2023 was -190.83%. FMC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FMC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.88%.


FMC EBIT Historical Data

The historical data trend for FMC'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.

FMC EBIT Chart

FMC 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 815.40 882.30 1,028.90 1,135.70 537.40

FMC 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 392.40 299.90 127.60 96.60 13.30

Competitive Comparison of FMC's EBIT

For the Agricultural Inputs subindustry, FMC'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.


FMC's EV-to-EBIT Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, FMC's EV-to-EBIT distribution charts can be found below:

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



FMC 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 $537 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.


FMC  (NYSE:FMC) EBIT Explanation

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

FMC'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 )
=656.8 * ( 1 - 2758.06% )/( (8379.7 + 9917.1)/ 2 )
=-17458.13808/9148.4
=-190.83 %

where

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

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

FMC'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 )
=53.2/( ( (872.5 + max(2644.8, 0)) + (1014.3 + max(2158.6, 0)) )/ 2 )
=53.2/( ( 3517.3 + 3172.9 )/ 2 )
=53.2/3345.1
=1.59 %

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)
=(2564.5 + 1998.6 + 435.4) - (2252.9 + 1.7 + 99.1)
=2644.8

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2703.2 + 1724.6 + 157) - (1706.7 + 482.1 + 237.4)
=2158.6

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=537.4/11017.203
=4.88 %

* 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.


FMC EBIT Related Terms

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FMC (FMC) Business Description

Traded in Other Exchanges
Address
2929 Walnut Street, Philadelphia, PA, USA, 19104
FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure. Through acquisitions, FMC is now one of the five largest patented crop protection companies and focuses on the development of new products, including biologicals, through its research and development pipeline.
Executives
Robert C Pallash director 17000 ROTUNDA DRIVE, DEARBORN MI 48120
Jacqueline Scanlan officer: Executive VP & Chief HRO HAEMONETICS CORPORATION, 400 WOOD ROAD, BRAINTREE MA 02184
Ronaldo Pereira officer: EVP, President, FMC Americas 1620 MONK RD, GLADWYNE PA 19035
Nicholas Pfeiffer officer: Corporate Controller 1735 MARKET STREET, PHILADELPHIA PA 19103
Patricia Verduin director ONE CONAGRA DRIVE, OMAHA NE 68102
Mark Douglas officer: Pres., Agricultural Solutions ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Vsevolod Rostovtsev officer: VP & Chief Technology Officer 909 TWYCKENHAM ROAD, MEDIA PA 19063
Andrew D Sandifer officer: EVP and CFO FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Michael Finian Reilly officer: EVP, General Counsel & Sec. FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Kathy Lynn Fortmann director INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Kathleen Shelton officer: EVP, Chief Technology Officer 630 UNIVERSITY PLACE, SWARTHMORE PA 19081
Diane Allemang officer: EVP & Chief Marketing Officer 1615 NORTH CLEVELAND STREET, ARLINGTON VA 22201
Carol Anthony Davidson director
Eduardo E Cordeiro director C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Volpe Vincent R Jr director C/O DRESSER-RAND GROUP INC, PAUL CLARK DRIVE, OLEAN NY 14760