Metcash (Metcash) EBIT : $284 Mil (TTM As of Oct. 2023)

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What is Metcash EBIT?

Metcash's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2023 was $143 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was $284 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Metcash's annualized ROC % for the quarter that ended in Oct. 2023 was 10.97%. Metcash's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 36.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Metcash's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 10.26%.

Metcash EBIT Historical Data

The historical data trend for Metcash'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.

Metcash EBIT Chart

Metcash Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

EBIT

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219.49

26.01

275.60

277.03

273.71

Metcash 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															143.88	134.09	126.75	140.60	142.96

Competitive Comparison of Metcash's EBIT

For the Food Distribution subindustry, Metcash'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.

Metcash's EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Metcash's EV-to-EBIT distribution charts can be found below:

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

Metcash 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 $284 Mil.

Metcash (OTCPK:MHTLY) EBIT Explanation

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

Metcash'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 )
=	300 * ( 1 - 28.56% )	/	( (2001.806	+	1905.647)	/ 2 )
=	214.32	/	1953.7265
=	10.97 %

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	))
=	3598.06	-	1535.05	-	( 61.204	-	max(0, 1937.391	-	2067.826	+	61.204	))
=	2001.806

	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	))
=	3688.769	-	1720.114	-	( 63.008	-	max(0, 2058.566	-	2226.904	+	63.008	))
=	1905.647

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:

Metcash'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 )
=	285.914	/	( ( (595.518 + max(128.83, 0))	+	(575 + max(254.505, 0)) )	/	2 )
=	285.914	/	( ( 724.348	+	829.505 )	/	2 )
=	285.914	/	776.9265
=	36.80 %

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)
=	(931.505	+	791.572	+	131.706)	-	(1535.05	+	7.759	+	183.144)
=	128.83

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1274.492	+	890.736	+	31.536)	-	(1720.114	+	0	+	222.145)
=	254.505

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	283.559	/	2764.873
	=	10.26 %

Metcash EBIT Related Terms

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Metcash (Metcash) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Metcash Ltd (OTCPK:MHTLY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

MCSHF:USA MG9:Germany MTS:Australia

Address

1 Thomas Holt Drive, Macquarie Park, Sydney, NSW, AUS, 2113

Website

https://www.metcash.com

Metcash is a wholesale distribution and marketing company specialising in food, liquor, and hardware. Centralised wholesale distribution enables retailers to gain access to the combined scale of many retailers to negotiate material volume discounts.The food segment distributes of a range of products and services to independent supermarket and convenience stores. The hardware segment distributes hardware products to independent retail outlets and operates company-owned stores. The liquor segment distributes liquor products to independent retailers and pubs.