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Mead Johnson Nutrition Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2017 was $159 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $838 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mead Johnson Nutrition Co's annualized ROC % for the quarter that ended in Mar. 2017 was 40.39%. Mead Johnson Nutrition Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was 66.44%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mead Johnson Nutrition Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was 5.07%.
The historical data trend for Mead Johnson Nutrition Co'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.
Mead Johnson Nutrition Co Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
EBIT | Get a 7-Day Free Trial | 841.20 | 983.50 | 997.90 | 945.80 | 832.00 |
Mead Johnson Nutrition Co Quarterly Data | ||||||||||||||||||||
Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | |
EBIT | Get a 7-Day Free Trial | 152.90 | 217.50 | 231.70 | 229.90 | 158.80 |
For the Packaged Foods subindustry, Mead Johnson Nutrition Co'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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Mead Johnson Nutrition Co's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Mead Johnson Nutrition Co's EV-to-EBIT falls into.
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 Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $838 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.
Mead Johnson Nutrition Co (NYSE:MJN) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Mead Johnson Nutrition Co's annualized ROC % for the quarter that ended in Mar. 2017 is calculated as:
ROC % (Q: Mar. 2017 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Dec. 2016 ) | + | Invested Capital (Q: Mar. 2017 )) | / count ) |
= | 620.4 * ( 1 - 8.13% ) | / | ( (1397.4 | + | 1425.2) | / 2 ) |
= | 569.96148 | / | 1411.3 | |||
= | 40.39 % |
where
Invested Capital | (Q: Dec. 2016 ) | |||||||||||
= | 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 | )) |
= | 4087.7 | - | 1227.9 | - | ( 1795.4 | - | max(0, 1244.2 | - | 2706.6 | + | 1795.4 | )) |
= | 1397.4 |
Invested Capital | (Q: Mar. 2017 ) | |||||||||||
= | 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 | )) |
= | 4227.1 | - | 1293.4 | - | ( 1724.4 | - | max(0, 1308.8 | - | 2817.3 | + | 1724.4 | )) |
= | 1425.2 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2017) data.
2. Joel Greenblatt's definition of Return on Capital:
Mead Johnson Nutrition Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 is calculated as:
ROC (Joel Greenblatt) % | (Q: Mar. 2017 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Dec. 2016 | Q: Mar. 2017 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 635.2 | / | ( ( (948.6 + max(-385.8, 0)) | + | (963.6 + max(-592.5, 0)) ) | / | 2 ) |
= | 635.2 | / | ( ( 948.6 | + | 963.6 ) | / | 2 ) |
= | 635.2 | / | 956.1 | ||||
= | 66.44 % |
where Working Capital is:
Working Capital | (Q: Dec. 2016 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (320.6 | + | 473.5 | + | 60.4) | - | (1227.9 | + | 12.4 | + | -2.2737367544323E-13) |
= | -385.8 |
Working Capital | (Q: Mar. 2017 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 498.5 | + | 213.3) | - | (1293.4 | + | 10.9 | + | -2.2737367544323E-13) |
= | -592.5 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Mar. 2017) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Mead Johnson Nutrition Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2017 ) |
= | 837.9 | / | 16523.930 | |
= | 5.07 % |
* 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.
Thank you for viewing the detailed overview of Mead Johnson Nutrition Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Kimberly A Casiano | director | C/O FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126 |
James E. Shiah | officer: SVP and Controller | 2 PARK AVENUE, NEW YORK NY 10016 |
Howard B Bernick | director | 1100 N WOOD DALE RD, WOOD DALE IL 60191 |
Michael A. Sherman | director | 3000 KENT AVE STE A1-100, WEST LAFAYETTE IN 47906 |
Robert S Singer | director | 6301 FITCH PATH, NEW ALBANY OH 43054 |
Celeste A. Clark | director | C/O ADVANCEPIERRE FOODS HOLDINGS, INC., 9987 CARVER ROAD, BLUE ASH OH 45242 |
Peter Gervis Ratcliffe | director | |
Steven Altschuler | director | MEAD JOHNSON NUTRITION COMPANY, 2701 PATRIOT BLVD, GLENVIEW IL 60026 |
Patrick M Sheller | officer: SVP, Gen. Counsel & Secretary | 343 STATE STREET, ROCHESTER NY 14650 |
Elliot Sigal | director | |
James M Cornelius | director | |
Michael Grobstein | director | C/O GUIDANT CORP, 111 MONUMENT CIRCLE #2900, INDIANAPOLIS IN 46204-5129 |
Anna C Catalano | director | 1313 NORTH MARKET STREET, WILMINGTON DE 19894 |
Peter G Leemputte | officer: EVP and CFO | CHICAGO TITLE CORP, 171 N CLARK ST, CHICAGO IL 80601 |
Lynn H Clark | officer: Sr. VP, Human Resources | 2400 WEST LLOYD EXPRESSWAY, EVANSVILLE IL 47721 |
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