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Cal-Maine Foods (Cal-Maine Foods) EBIT : $351 Mil (TTM As of Feb. 2024)


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What is Cal-Maine Foods EBIT?

Cal-Maine Foods's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2024 was $153 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was $351 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cal-Maine Foods's annualized ROC % for the quarter that ended in Feb. 2024 was 39.09%. Cal-Maine Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 54.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cal-Maine Foods's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 12.71%.


Cal-Maine Foods EBIT Historical Data

The historical data trend for Cal-Maine Foods'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.

Cal-Maine Foods EBIT Chart

Cal-Maine Foods Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 71.45 20.56 -9.74 166.42 999.13

Cal-Maine Foods Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 404.54 170.82 -6.81 34.20 152.55

Competitive Comparison of Cal-Maine Foods's EBIT

For the Farm Products subindustry, Cal-Maine Foods'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.


Cal-Maine Foods's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

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



Cal-Maine Foods 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $351 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.


Cal-Maine Foods  (NAS:CALM) EBIT Explanation

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

Cal-Maine Foods's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

ROC % (Q: Feb. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2023 ) + Invested Capital (Q: Feb. 2024 ))/ count )
=610.208 * ( 1 - 20.95% )/( (1245.19 + 1222.997)/ 2 )
=482.369424/1234.0935
=39.09 %

where

Invested Capital(Q: Nov. 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))
=1966.805 - 153.787 - ( 567.828 - max(0, 153.787 - 1063.933+567.828))
=1245.19

Invested Capital(Q: Feb. 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))
=2133.529 - 215.689 - ( 694.843 - max(0, 215.689 - 1217.592+694.843))
=1222.997

Note: The Operating Income data used here is four times the quarterly (Feb. 2024) data.

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

Cal-Maine Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2023  Q: Feb. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=610.208/( ( (815.468 + max(308.547, 0)) + (826.573 + max(273.289, 0)) )/ 2 )
=610.208/( ( 1124.015 + 1099.862 )/ 2 )
=610.208/1111.9385
=54.88 %

where Working Capital is:

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(165.391 + 287.27 + 9.673) - (153.787 + 0 + 0)
=308.547

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(212.851 + 269.244 + 6.8830000000003) - (215.689 + 0 + 0)
=273.289

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

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

Cal-Maine Foods's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2024 )
=350.755/2760.403
=12.71 %

* 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.


Cal-Maine Foods EBIT Related Terms

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Cal-Maine Foods (Cal-Maine Foods) Business Description

Traded in Other Exchanges
Address
1052 Highland Colony Parkway, Suite 200, Ridgeland, MS, USA, 39157
Cal-Maine Foods Inc produces and sells shell eggs. Its main market is the United States. The company's product portfolio contains nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets the shell eggs to a diverse group of customers, including grocery-store chains, club stores, and food service distributors. The company's brands are Egg-Land's, Land O' Lakes, Farmhouse, and 4-Grain. The Company has one reportable operating segment, which is the production, grading, packaging, marketing and distribution of shell eggs.
Executives
Charles Jeff Hardin officer: Vice President Marketing 3650 GUENTHER ROAD, LAGRANGE TX 78945
Michael Todd Walters officer: COO 1052 HIGHLAND COLONY PKWY, RIDGELAND MS 39157
Letitia Callender Hughes director 48 AVERY CIRCLE, JACKSON MS 39211
James E Poole director PO BOX 5167, JACKSON MS 39296
Matthew Samuel Glover officer: Vice President - Accounting 1052 HIGHLAND COLONY PKWY, RIDGELAND MS 39157
Camille S Young director 2992 WEST BEACH BLVD, GULFPORT MS 39501
Adolphus B Baker director, 10 percent owner, officer: Chairman, President & CEO P. O. BOX 2960, JACKSON MS 39207
Jean Morris Adams 10 percent owner 312 VIEWPOINTE PLACE, CLINTON MS 39056
Holladay Robert L Jr officer: VP - General Counsel 3320 W. WOODROW WILSON AVE, JACKSON MS 39209
Max P Bowman director, officer: Vice President, CFO, Sec/Treas 3320 W. WOODROW WILSON AVE., JACKSON MS 39209
Dlnl, Llc 10 percent owner 3320 W. WOODROW WILSON AVE., JACKSON MS 39209
Adams Fred R Jr 10 percent owner C/O CM FOODS, PO BOX 2960, JACKSON MS 39207
Steve W Sanders director 2 OAKLEIGH PLACE, JACKSON MS 39211
Michael D Castleberry officer: Vice President, Controller 3320 W. WOODROW WILSON AVE, JACKSON MS 39209
Timothy A Dawson director, officer: Vice President, CFO, Sec/Treas CAL-MAINE FOODS, INC., PO BOX 2960, JACKSON MS 39207