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Utz Brands (Utz Brands) EBIT : $20 Mil (TTM As of Dec. 2023)


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What is Utz Brands EBIT?

Utz Brands's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Utz Brands's annualized ROC % for the quarter that ended in Dec. 2023 was 2.26%. Utz Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Utz Brands's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.80%.


Utz Brands EBIT Historical Data

The historical data trend for Utz Brands'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.

Utz Brands EBIT Chart

Utz Brands Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 36.07 - 46.95 4.53 19.76

Utz Brands Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.64 -2.72 5.30 21.02 -3.84

Competitive Comparison of Utz Brands's EBIT

For the Packaged Foods subindustry, Utz Brands'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.


Utz Brands's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

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



Utz Brands 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 quarterly data reported by the company within the most recent 12 months, which was $20 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.


Utz Brands  (NYSE:UTZ) EBIT Explanation

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

Utz Brands'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=33.008 * ( 1 - -74.62% )/( (2571.329 + 2529.22)/ 2 )
=57.6385696/2550.2745
=2.26 %

where

Invested Capital(Q: Sep. 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))
=2796.9 - 165.477 - ( 60.094 - max(0, 227.611 - 358.555+60.094))
=2571.329

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))
=2746.736 - 165.493 - ( 52.023 - max(0, 230.686 - 328.053+52.023))
=2529.22

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Utz Brands'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-15.344/( ( (329.846 + max(109.131, 0)) + (318.881 + max(83.834, 0)) )/ 2 )
=-15.344/( ( 438.977 + 402.715 )/ 2 )
=-15.344/420.846
=-3.65 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(132.038 + 116.674 + 44.196) - (165.477 + 0 + 18.3)
=109.131

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(135.13 + 104.666 + 30.997) - (165.493 + 0 + 21.466)
=83.834

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=19.759/2459.695
=0.80 %

* 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.


Utz Brands EBIT Related Terms

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Utz Brands (Utz Brands) Business Description

Traded in Other Exchanges
N/A
Address
900 High Street, Hanover, PA, USA, 17331
Utz Brands Inc is a snack food manufacturing company. It manufactures a diverse portfolio of salty snacks under popular brands including Utz, Zapp's, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TORTIYAHS!, among others. The company's products include potato chips, pretzels, cheese snacks, pork skins, pub/party mixes, and veggie snacks. Its products are distributed nationally and internationally through grocery, mass merchant, club, convenience, drug, and other channels. It operates in the given segment: the manufacturing, distribution, marketing and sale of snack food products.
Executives
Theresa Robbins Shea officer: EVP and General Counsel 900 HIGH STREET, HANOVER PA 17331
Jennifer Bentz officer: EVP, Insights, Innov & Mktg 900 HIGH STREET, HANOVER PA 17331
Dylan Lissette director, officer: Chief Executive Officer 860 WESTMINSTER AVENUE, HANOVER PA 17331
Roger K Deromedi director, 10 percent owner, officer: Chairman 900 HIGH STREET, HANOVER PA 17331
Chinh Chu 10 percent owner THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Cc Collier Holdings, Llc 10 percent owner C/O CC CAPITAL, 200 PARK AVENUE, 58TH FLOOR, NEW YORK NY 10166
Howard A Friedman director, officer: CEO 900 HIGH STREET, HANOVER PA 17331
Chad Whyte officer: EVP, Supply Chain 900 HIGH STREET, HANOVER PA 17331
Pamela J Stewart director 900 HIGH STREET, HANOVER PA 17331
Shannan Redcay officer: EVP, Manufacturing 900 HIGH STREET, HANOVER PA 17331
Cary Devore officer: EVP & CFO 900 HIGH STREET, HANOVER PA 17331
Shane Chambers officer: EVP & Chief Growth Officer 900 HIGH STREET, HANOVER PA 17331
John W Altmeyer director 946 HIGHMEADOW COURT, LANCASTER PA 17601
Antonio F. Fernandez director C/O PINNACLE FOODS INC., 399 JEFFERSON ROAD, PARSIPPANY NJ 07054
Ajay Kataria officer: EVP, Finance & Accounting 900 HIGH STREET, HANOVER PA 17331