International Meal Co Alimentacao (BSP:MEAL3) EBIT : R$81 Mil (TTM As of Dec. 2023)

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What is International Meal Co Alimentacao EBIT?

International Meal Co Alimentacao's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was R$3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was R$81 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. International Meal Co Alimentacao's annualized ROC % for the quarter that ended in Dec. 2023 was -6.81%. International Meal Co Alimentacao's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. International Meal Co Alimentacao's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.06%.

International Meal Co Alimentacao EBIT Historical Data

The historical data trend for International Meal Co Alimentacao'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.

International Meal Co Alimentacao EBIT Chart

International Meal Co Alimentacao Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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60.07

-554.04

-18.75

249.34

77.67

International Meal Co Alimentacao 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															222.84	-15.04	29.70	63.55	3.14

Competitive Comparison of International Meal Co Alimentacao's EBIT

For the Restaurants subindustry, International Meal Co Alimentacao'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.

International Meal Co Alimentacao's EV-to-EBIT Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, International Meal Co Alimentacao's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where International Meal Co Alimentacao's EV-to-EBIT falls into.

International Meal Co Alimentacao 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 R$81 Mil.

International Meal Co Alimentacao (BSP:MEAL3) EBIT Explanation

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

International Meal Co Alimentacao'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 )
=	-96.12 * ( 1 - -84.42% )	/	( (2677.028	+	2530.947)	/ 2 )
=	-177.264504	/	2603.9875
=	-6.81 %

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	))
=	2757.444	-	171.582	-	( 186.916	-	max(0, 570.478	-	479.312	+	186.916	))
=	2677.028

	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	))
=	2740	-	251.814	-	( 234.109	-	max(0, 547.024	-	504.263	+	234.109	))
=	2530.947

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

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

International Meal Co Alimentacao'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 )
=	12.552	/	( ( (1103.99 + max(-27.826, 0))	+	(1120.607 + max(-102.48, 0)) )	/	2 )
=	12.552	/	( ( 1103.99	+	1120.607 )	/	2 )
=	12.552	/	1112.2985
=	1.13 %

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)
=	(93.032	+	50.178	+	146.93)	-	(171.582	+	0	+	146.384)
=	-27.826

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(105.351	+	52.765	+	109.704)	-	(251.814	+	0	+	118.486)
=	-102.48

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:

International Meal Co Alimentacao's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	81.336	/	1342.627
	=	6.06 %

International Meal Co Alimentacao EBIT Related Terms

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International Meal Co Alimentacao (BSP:MEAL3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » International Meal Co Alimentacao SA (BSP:MEAL3) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida das Nacoes Unidas, 4.777, 12th Floor, Jardim Universidade Pinheiros, Sao Paulo, SP, BRA, 5477902

Website

http://ri.internationalmealcompany.com

International Meal Co Alimentacao SA is a Brazil-based company principally engaged in the sale of food and beverages to restaurants, snack bars, coffee shops, cafes on motorways, airports, shopping malls, and airline catering services. It also subleases stores and spaces for promotional and commercial purposes in its store chain, upon the sale of fuel, and provides general services related to these segments. The company operates in five segments: Shopping malls, Airports, Highways, the United States of America (USA), and Others. Some of its brands are Viena, Olive Garden, Margaritaville, KFC Brazil, and Pizza Hut Brazil. Its geographical segments are Brazil, The Caribbean, and the USA.

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