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DS Smith (LSE:SMDS) EBIT : £700 Mil (TTM As of Oct. 2023)


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What is DS Smith EBIT?

DS Smith's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2023 was £321 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was £700 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DS Smith's annualized ROC % for the quarter that ended in Oct. 2023 was 6.25%. DS Smith's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 16.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DS Smith's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 9.83%.


DS Smith EBIT Historical Data

The historical data trend for DS Smith'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.

DS Smith EBIT Chart

DS Smith Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 429.00 451.00 307.00 440.00 722.00

DS Smith Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 205.00 235.00 343.00 379.00 321.00

Competitive Comparison of DS Smith's EBIT

For the Packaging & Containers subindustry, DS Smith'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.


DS Smith's EV-to-EBIT Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, DS Smith's EV-to-EBIT distribution charts can be found below:

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



DS Smith 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £700 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.


DS Smith  (LSE:SMDS) EBIT Explanation

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

DS Smith's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

ROC % (Q: Oct. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2023 ) + Invested Capital (Q: Oct. 2023 ))/ count )
=628 * ( 1 - 23.88% )/( (7547 + 7762)/ 2 )
=478.0336/7654.5
=6.25 %

where

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

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

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

ROC (Joel Greenblatt) %(Q: Oct. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2023  Q: Oct. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=642/( ( (3753 + max(-929, 0)) + (3838 + max(-391, 0)) )/ 2 )
=642/( ( 3753 + 3838 )/ 2 )
=642/3795.5
=16.91 %

where Working Capital is:

Working Capital(Q: Apr. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1029 + 625 + 208) - (2418 + 0 + 373)
=-929

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1155 + 615 + 100) - (2066 + 0 + 195)
=-391

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Oct. 2023 )
=700/7121.378
=9.83 %

* 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.


DS Smith EBIT Related Terms

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DS Smith (LSE:SMDS) Business Description

Traded in Other Exchanges
Address
1 Paddington Square, Level 3, London, GBR, W2 1DL
DS Smith PLC manufactures and sells packaging and packaging-related products. The company produces corrugated boards made from recycled paper materials. The firm organizes itself into four segments. The segments are based on geography: U.K., Western Europe, DCH and Northern Europe, and Central Europe and Italy. The Western Europe and Central Europe and Italy segments generate more revenue than any other segment.

DS Smith (LSE:SMDS) Headlines

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