Halma (HLMAF) EBIT : $393 Mil (TTM As of Sep. 2023)

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What is Halma EBIT?

Halma's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $203 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $393 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Halma's annualized ROC % for the quarter that ended in Sep. 2023 was 10.65%. Halma's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 53.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Halma's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 3.42%.

Halma EBIT Historical Data

The historical data trend for Halma'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.

Halma EBIT Chart

Halma Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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284.72

291.96

364.77

411.99

375.00

Halma Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															235.71	185.90	172.03	190.66	202.72

Competitive Comparison of Halma's EBIT

For the Conglomerates subindustry, Halma'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.

Halma's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Halma's EV-to-EBIT distribution charts can be found below:

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

Halma 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $393 Mil.

Halma (OTCPK:HLMAF) EBIT Explanation

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

Halma's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	401.486 * ( 1 - 21.11% )	/	( (2989.321	+	2960.025)	/ 2 )
=	316.7323054	/	2974.673
=	10.65 %

where

	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	))
=	3383.981	-	188.956	-	( 205.704	-	max(0, 414.078	-	1086.893	+	205.704	))
=	2989.321

	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	))
=	3476.114	-	347.277	-	( 168.812	-	max(0, 400.371	-	1072.772	+	168.812	))
=	2960.025

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

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	405.446	/	( ( (270.51 + max(421.965, 0))	+	(284.901 + max(528.465, 0)) )	/	2 )
=	405.446	/	( ( 692.475	+	813.366 )	/	2 )
=	405.446	/	752.9205
=	53.85 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(392.354	+	379.126	+	40.048)	-	(188.956	+	0	+	200.607)
=	421.965

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(503.96	+	395.545	+	4.4549999999999)	-	(347.277	+	0	+	28.218)
=	528.465

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	393.378	/	11490.269
	=	3.42 %

Halma EBIT Related Terms

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Halma (HLMAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Halma PLC (OTCPK:HLMAF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HALMY:USA HLMAl:UK HLMA:UK H11:Germany

Address

Rectory Way, Misbourne Court, Amersham, Buckinghamshire, GBR, HP7 0DE

Website

https://www.halma.com

Halma consists of 45 operating businesses managed in a decentralized manner. The company, through its products, focuses on trying to make the world safer, cleaner and healthier. The group operates across three segments: safety, environmental and analysis, and medical equipment. Halma's products include smoke detectors, healthcare equipment, door sensors, and water treatment. Most of the group's products are niche with limited competition. Over 75% of sales are generated in the United States, Europe and United Kingdom. Halma is listed on the London Stock Exchange.