GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Macfarlane Group PLC (LSE:MACF) » Definitions » EBIT

Macfarlane Group (LSE:MACF) EBIT : £22.6 Mil (TTM As of Dec. 2023)


View and export this data going back to 1973. Start your Free Trial

What is Macfarlane Group EBIT?

Macfarlane Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £11.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £22.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Macfarlane Group's annualized ROC % for the quarter that ended in Dec. 2023 was 9.66%. Macfarlane Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 36.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Macfarlane Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.67%.


Macfarlane Group EBIT Historical Data

The historical data trend for Macfarlane Group'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.

Macfarlane Group EBIT Chart

Macfarlane Group 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 13.49 13.66 20.06 21.67 22.58

Macfarlane Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 10.80 9.69 11.99 11.05 11.53

Competitive Comparison of Macfarlane Group's EBIT

For the Packaging & Containers subindustry, Macfarlane Group'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.


Macfarlane Group's EV-to-EBIT Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Macfarlane Group's EV-to-EBIT distribution charts can be found below:

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



Macfarlane Group 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 semi-annually data reported by the company within the most recent 12 months, which was £22.6 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.


Macfarlane Group  (LSE:MACF) EBIT Explanation

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

Macfarlane Group'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: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=22.536 * ( 1 - 27.48% )/( (164.953 + 173.332)/ 2 )
=16.3431072/169.1425
=9.66 %

where

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

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

Macfarlane Group'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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=23.062/( ( (44.363 + max(20.424, 0)) + (44.211 + max(16.318, 0)) )/ 2 )
=23.062/( ( 64.787 + 60.529 )/ 2 )
=23.062/62.658
=36.81 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(54.878 + 19.929 + 0.53999999999999) - (54.2 + 0 + 0.723)
=20.424

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(47.759 + 17.523 + 3.043) - (40.205 + 0 + 11.802)
=16.318

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=22.578/233.553
=9.67 %

* 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.


Macfarlane Group EBIT Related Terms

Thank you for viewing the detailed overview of Macfarlane Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Macfarlane Group (LSE:MACF) Business Description

Traded in Other Exchanges
Address
3 Park Gardens, First Floor, Glasgow, GBR, G3 7YE
Macfarlane Group PLC is a United Kingdom-based company, that provides services for the packaging sector. It operates in two segments Packaging Distribution segment, which includes the distribution of packaging materials & supply of storage & warehousing services, & Manufacturing Operations comprises the manufacturing & supplying of self-adhesive labels to fast-moving consumer goods. The business operates Regional Distribution Centers supplying customers with a range of packaging materials & services. It operates across a wide range of sectors such as Aerospace, Defense, Electronics, Medical General, Industrial food, health & beauty, household products, & beverages sectors. It derives key revenue from the Distribution segment. Geographically, it derives the majority revenue from the UK.

Macfarlane Group (LSE:MACF) Headlines

No Headlines