Kencana Agri (SGX:BNE) EBIT : S$17.8 Mil (TTM As of Jun. 2023)

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What is Kencana Agri EBIT?

Kencana Agri's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was S$10.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was S$17.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kencana Agri's annualized ROC % for the quarter that ended in Jun. 2023 was 10.67%. Kencana Agri's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 8.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kencana Agri's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 287.06%.

Kencana Agri EBIT Historical Data

The historical data trend for Kencana Agri'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.

Kencana Agri EBIT Chart

Kencana Agri Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-7.30

29.67

32.57

57.12

25.54

Kencana Agri Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															28.18	28.32	19.12	6.87	10.90

Competitive Comparison of Kencana Agri's EBIT

For the Farm Products subindustry, Kencana Agri'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.

Kencana Agri's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

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

Kencana Agri 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$17.8 Mil.

Kencana Agri (SGX:BNE) EBIT Explanation

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

Kencana Agri's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	8.236 * ( 1 - -376.89% )	/	( (363.54	+	372.768)	/ 2 )
=	39.2766604	/	368.154
=	10.67 %

where

	Invested Capital		(Q: Dec. 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	))
=	404.938	-	37.517	-	( 3.881	-	max(0, 124.637	-	132.754	+	3.881	))
=	363.54

	Invested Capital		(Q: Jun. 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	))
=	428.361	-	52.167	-	( 11.427	-	max(0, 141.276	-	144.702	+	11.427	))
=	372.768

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

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

Kencana Agri's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	21.798	/	( ( (223.508 + max(68.993, 0))	+	(232.514 + max(-6.382, 0)) )	/	2 )
=	21.798	/	( ( 292.501	+	232.514 )	/	2 )
=	21.798	/	262.5075
=	8.30 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.668	+	59.318	+	62.96)	-	(37.517	+	0	+	20.436)
=	68.993

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(40.101	+	71.013	+	22.161)	-	(52.167	+	0	+	87.49)
=	-6.382

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	17.769	/	6.190
	=	287.06 %

Kencana Agri EBIT Related Terms

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Kencana Agri (SGX:BNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kencana Agri Ltd (SGX:BNE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

KEBA:Germany

Address

Jalan Raya Meruya llir No. 88, Kencana Tower, 8th Floor, Business Park Kebon Jeruk, Jakarta Barat, Jakarta, IDN, 11620

Website

https://www.kencanaagri.com

Kencana Agri Ltd operates as a plantation company. The group is engaged in the cultivation of oil palms; the processing of fresh fruit bunches (FFB) into crude palm oil (CPO), crude palm kernel oil (CPKO), and palm kernel cake (PKC); refining of CPO. It operates through the palm oil plantation business segment. The company's plantation segment which earns the majority revenue for the firm consists of plantations, palm oil mills, and kernel crushing plants. The majority of revenue gets generated through Indonesia.