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Flour Mills Nigeria (NSA:FMNL) EBIT : ₦98,478 Mil (TTM As of Mar. 2023)


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What is Flour Mills Nigeria EBIT?

Flour Mills Nigeria's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₦98,478 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was ₦98,478 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Flour Mills Nigeria's annualized ROC % for the quarter that ended in Mar. 2023 was 12.94%. Flour Mills Nigeria's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 21.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Flour Mills Nigeria's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 21.49%.


Flour Mills Nigeria EBIT Historical Data

The historical data trend for Flour Mills Nigeria'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.

Flour Mills Nigeria EBIT Chart

Flour Mills Nigeria Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33,065.45 37,472.29 55,848.87 66,599.77 98,477.84

Flour Mills Nigeria Semi-Annual Data
Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33,065.45 37,472.29 55,848.87 66,599.77 98,477.84

Competitive Comparison of Flour Mills Nigeria's EBIT

For the Packaged Foods subindustry, Flour Mills Nigeria'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.


Flour Mills Nigeria's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Flour Mills Nigeria's EV-to-EBIT distribution charts can be found below:

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



Flour Mills Nigeria 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was ₦98,478 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.


Flour Mills Nigeria  (NSA:FMNL) EBIT Explanation

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

Flour Mills Nigeria's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=112963.998 * ( 1 - 30.99% )/( (466114.703 + 739051.247)/ 2 )
=77956.4550198/602582.975
=12.94 %

where

Invested Capital(Q: Mar. 2022 )
=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))
=667011.809 - 169275.685 - ( 31621.421 - max(0, 293586.417 - 412116.426+31621.421))
=466114.703

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))
=1097396.39 - 260643.114 - ( 97702.029 - max(0, 584091.324 - 710285.585+97702.029))
=739051.247

Note: The Operating Income data used here is one times the annual (Mar. 2023) data.

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

Flour Mills Nigeria's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=98477.835/( ( (242560.474 + max(119869.684, 0)) + (356305.575 + max(188156.093, 0)) )/ 2 )
=98477.835/( ( 362430.158 + 544461.668 )/ 2 )
=98477.835/453445.913
=21.72 %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28907.431 + 285219.906 + 55374.169) - (169275.685 + 0 + 80356.137)
=119869.684

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(32923.499 + 337040.914 + 228073.084) - (260643.114 + 0 + 149238.29)
=188156.093

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

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

Flour Mills Nigeria's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=98477.835/458286.205
=21.49 %

* 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.


Flour Mills Nigeria EBIT Related Terms

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Flour Mills Nigeria (NSA:FMNL) Business Description

Traded in Other Exchanges
N/A
Address
Wharf Road, 1, Golden Penny Place, Apapa, Lagos, NGA
Flour Mills Nigeria PLC is an investment holding company. The company's operating segment includes Food; Agro Allied; Sugar and Support Services. It generates maximum revenue from the Food segment which includes milling and sales of flour and production and sales of pasta, snacks, and noodles. Its Agro-Allied segment includes farming of maize, cassava, soya, sugar cane and oil palm and production and sales of fertilizer, edible oils and livestock feeds. The Sugar segment includes the cultivation and processing of sugarcane, refining and selling of sugar and sale of by-products from sugar refining.

Flour Mills Nigeria (NSA:FMNL) Headlines

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