Heavitree Brewery (LSE:HVTB.PFD) EBIT : £1.99 Mil (TTM As of Oct. 2023)

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What is Heavitree Brewery EBIT?

Heavitree Brewery's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2023 was £0.97 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was £1.99 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Heavitree Brewery's annualized ROC % for the quarter that ended in Oct. 2023 was 2.59%. Heavitree Brewery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 10.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Heavitree Brewery EBIT Historical Data

The historical data trend for Heavitree Brewery'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.

Heavitree Brewery EBIT Chart

Heavitree Brewery Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

EBIT

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2.03

0.56

1.26

2.39

1.99

Heavitree Brewery Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
EBIT	Get a 7-Day Free Trial															1.26	1.12	1.27	1.03	0.97

Competitive Comparison of Heavitree Brewery's EBIT

For the Restaurants subindustry, Heavitree Brewery'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.

Heavitree Brewery's EV-to-EBIT Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Heavitree Brewery's EV-to-EBIT distribution charts can be found below:

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

Heavitree Brewery 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £1.99 Mil.

Heavitree Brewery (LSE:HVTB.PFD) EBIT Explanation

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

Heavitree Brewery's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	0.608 * ( 1 - 12.97% )	/	( (18.774	+	22.101)	/ 2 )
=	0.5291424	/	20.4375
=	2.59 %

where

	Invested Capital		(Q: Apr. 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	))
=	21.188	-	1.848	-	( 0.566	-	max(0, 1.883	-	2.847	+	0.566	))
=	18.774

	Invested Capital		(Q: Oct. 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	))
=	21.331	-	0.976	-	( 0.373	-	max(0, 3.369	-	1.623	+	0.373	))
=	22.101

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

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

Heavitree Brewery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.93	/	( ( (18.291 + max(0.398, 0))	+	(16.968 + max(-0.553, 0)) )	/	2 )
=	1.93	/	( ( 18.689	+	16.968 )	/	2 )
=	1.93	/	17.8285
=	10.83 %

where Working Capital is:

	Working Capital		(Q: Apr. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.146	+	0.01	+	0.125)	-	(1.848	+	0	+	0.035)
=	0.398

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.505	+	0.01	+	0.2)	-	(0.976	+	0	+	0.292)
=	-0.553

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	1.991	/	0.000
	=	%

Heavitree Brewery EBIT Related Terms

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Heavitree Brewery (LSE:HVTB.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Heavitree Brewery PLC (LSE:HVTB.PFD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HVTA:UK HVT:UK

Address

Heavitree Brewery, Trood Lane, Matford, Exeter, GBR, EX2 8YP

Website

https://www.heavitreebrewery.co.uk

Heavitree Brewery PLC is a UK-based company engaged in the business of leasing and operating public houses. Its geographical segments include the United Kingdom and the United States. The firm mainly involves running and developing tenanted and leased estate. The company owns over 60 pubs which include The Anchor Inn, The Ashcott Inn, The Atmospheric Railway, The Beach Hotel, The Bell Inn, The Brunswick Arms, and others. It also owns land in the United States through its subsidiary while the majority of its revenues are generated from the pubs that it owns in the United Kingdom.

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