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DSM Firmenich AG (XAMS:DSFIR) EBIT : €-479 Mil (TTM As of Dec. 2023)


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What is DSM Firmenich AG EBIT?

DSM Firmenich AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €-108 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €-479 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DSM Firmenich AG's annualized ROC % for the quarter that ended in Dec. 2023 was -1.01%. DSM Firmenich AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DSM Firmenich AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.58%.

DSM Firmenich AG EBIT Historical Data

The historical data trend for DSM Firmenich AG'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.

DSM Firmenich AG EBIT Chart

DSM Firmenich AG Annual Data
Trend Dec21 Dec22 Dec23
EBIT
859.00 724.00 -479.00

DSM Firmenich AG Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
EBIT - 398.00 326.00 -371.00 -108.00

Competitive Comparison of DSM Firmenich AG's EBIT

For the Household & Personal Products subindustry, DSM Firmenich AG'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.

DSM Firmenich AG's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

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


DSM Firmenich AG 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 €-479 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.

DSM Firmenich AG  (XAMS:DSFIR) EBIT Explanation

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

DSM Firmenich AG'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 )
=-272 * ( 1 - -9.05% )/( (29563 + 29236)/ 2 )
=-296.616/29399.5
=-1.01 %

where

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))
=35115 - 2162 - ( 3390 - max(0, 4800 - 10312+3390))
=29563

Invested Capital(Q: Dec. 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))
=34270 - 2471 - ( 2563 - max(0, 4519 - 8844+2563))
=29236

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:

DSM Firmenich AG'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 )
=-216/( ( (5318 + max(2873, 0)) + (5549 + max(2312, 0)) )/ 2 )
=-216/( ( 8191 + 7861 )/ 2 )
=-216/8026
=-2.69 %

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)
=(2505 + 3764 + 208) - (2162 + 0 + 1442)
=2873

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2553 + 3390 + 172) - (2471 + 0 + 1332)
=2312

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:

DSM Firmenich AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-479/30373.820
=-1.58 %

* 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.

DSM Firmenich AG EBIT Related Terms

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DSM Firmenich AG (XAMS:DSFIR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DSM Firmenich AG (XAMS:DSFIR) » Definitions » EBIT
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Traded in Other Exchanges
DSFIRa:UK 0AC9:UK ZX6:Germany DSFI:Austria
Address
Wurmisweg 576, Kaiseraugst, CHE, 4303
Website
https://www.dsm-firmenich.com/corporate/home.html
DSM-Firmenich is a global science-based company formed in 2023 through the merger of DSM, a Dutch nutrition, health, and sustainable living player, and Switzerland-based Firmenich, the third-largest player in the flavor and fragrance market. The company serves a wide range of end-consumer markets providing nutrition solutions ranging from animal feed to medical and early-life nutrition, fragrances for personal-, home-, and laundry-care brands, prestige perfumes, and other ingredients for food and beverage, home, and personal care. DSM-Firmenich has nearly 30,000 employees, with more than 2,000 scientists and engineers spread across 15 research and development facilities.

DSM Firmenich AG (XAMS:DSFIR) Headlines

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