Imperial Brands (Imperial Brands) EBIT : $5,293 Mil (TTM As of Sep. 2023)

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What is Imperial Brands EBIT?

Imperial Brands's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $2,854 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $5,293 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Imperial Brands's annualized ROC % for the quarter that ended in Sep. 2023 was 12.81%. Imperial Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 239.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Imperial Brands's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 16.85%.

Imperial Brands EBIT Historical Data

The historical data trend for Imperial Brands'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.

Imperial Brands EBIT Chart

Imperial Brands Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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2,850.25

3,509.07

5,164.84

4,833.52

5,341.58

Imperial Brands Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															1,434.07	2,752.31	2,467.72	2,439.32	2,853.96

Competitive Comparison of Imperial Brands's EBIT

For the Tobacco subindustry, Imperial Brands'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.

Imperial Brands's EV-to-EBIT Distribution in the Tobacco Products Industry

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

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

Imperial Brands 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $5,293 Mil.

Imperial Brands (OTCPK:IMBBY) EBIT Explanation

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

Imperial Brands's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	4735.148 * ( 1 - 22.66% )	/	( (27860.437	+	29297.029)	/ 2 )
=	3662.1634632	/	28578.733
=	12.81 %

where

	Invested Capital		(Q: Mar. 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	))
=	35451.456	-	11209.951	-	( 723.301	-	max(0, 13984.223	-	10365.291	+	723.301	))
=	27860.437

	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	))
=	36498.762	-	11290.842	-	( 1664.604	-	max(0, 14726.485	-	10637.376	+	1664.604	))
=	29297.029

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Imperial Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	5707.92	/	( ( (2368.932 + max(-1969.66, 0))	+	(2404.703 + max(-3982.673, 0)) )	/	2 )
=	5707.92	/	( ( 2368.932	+	2404.703 )	/	2 )
=	5707.92	/	2386.8175
=	239.14 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3239.078	+	6098.301	+	304.611)	-	(11209.951	+	0	+	401.699)
=	-1969.66

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2658.416	+	5596.535	+	533.415)	-	(11290.842	+	0	+	1480.197)
=	-3982.673

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	5293.28	/	31420.743
	=	16.85 %

Imperial Brands EBIT Related Terms

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Imperial Brands (Imperial Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Imperial Brands PLC (OTCPK:IMBBY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

IMBBF:USA IMBl:UK IMB:UK ITBA:Germany ITB:Germany ITB:Germany ITBA:Germany ITB:Germany

Address

121 Winterstoke Road, Bristol, GBR, BS3 2LL

Website

https://www.imperialbrandsplc.com

Imperial Brands is the world's fourth-largest international tobacco company (excluding China National Tobacco) with total fiscal 2023 volume of 198 billion cigarettes sold in more than 160 countries. The firm holds a leading global position in the fine-cut tobacco and hand-rolling paper categories, and it has a logistics platform in Western Europe, Altadis. Through acquisition, Imperial is the third-largest manufacturer in the U.S. and owns the Winston and blu brands.