Apiam Animal Health (ASX:AHX) EBIT : A$8.0 Mil (TTM As of Dec. 2023)

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What is Apiam Animal Health EBIT?

Apiam Animal Health's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$7.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$8.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Apiam Animal Health's annualized ROC % for the quarter that ended in Dec. 2023 was 4.28%. Apiam Animal Health's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 27.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Apiam Animal Health's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.85%.

Apiam Animal Health EBIT Historical Data

The historical data trend for Apiam Animal Health'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.

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Apiam Animal Health EBIT Chart

Apiam Animal Health Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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5.64

7.05

7.85

7.64

6.35

Apiam Animal Health Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial												3.11	4.53	5.60	0.75	7.29

Competitive Comparison of Apiam Animal Health's EBIT

For the Personal Services subindustry, Apiam Animal Health'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.

Apiam Animal Health's EV-to-EBIT Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Apiam Animal Health's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Apiam Animal Health's EV-to-EBIT falls into.

Apiam Animal Health 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 A$8.0 Mil.

Apiam Animal Health (ASX:AHX) EBIT Explanation

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

Apiam Animal Health'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 )
=	14.506 * ( 1 - 29.96% )	/	( (232.134	+	242.928)	/ 2 )
=	10.1600024	/	237.531
=	4.28 %

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	))
=	246.036	-	12.435	-	( 3.602	-	max(0, 33.265	-	34.732	+	3.602	))
=	232.134

	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	))
=	261.373	-	15.847	-	( 2.598	-	max(0, 35.192	-	38.614	+	2.598	))
=	242.928

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:

Apiam Animal Health'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 )
=	14.578	/	( ( (43.812 + max(5.177, 0))	+	(49.532 + max(6.096, 0)) )	/	2 )
=	14.578	/	( ( 48.989	+	55.628 )	/	2 )
=	14.578	/	52.3085
=	27.87 %

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)
=	(13.352	+	15.472	+	1.7)	-	(12.435	+	0.889	+	12.023)
=	5.177

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.659	+	17.392	+	2.965)	-	(15.847	+	1.63	+	12.443)
=	6.096

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:

Apiam Animal Health's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	8.035	/	165.617
	=	4.85 %

Apiam Animal Health EBIT Related Terms

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Apiam Animal Health (ASX:AHX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Apiam Animal Health Ltd (ASX:AHX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

27- 33 Piper Lane, East Bendigo, Bendigo, VIC, AUS, 3550

Website

https://www.apiam.com.au

Apiam Animal Health Ltd provides products and services to support the health and welfare of production and mixed animals. The company offers veterinary wholesale, warehousing, logistics, and other ancillary services. Its operating segments include Dairy and Mixed, Feedlots and Pigs. It generates the majority of its revenue from Dairy and Mixed.

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