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Seneca Foods (Seneca Foods) EBIT : $75 Mil (TTM As of Dec. 2023)


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What is Seneca Foods EBIT?

Seneca Foods's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Seneca Foods's annualized ROC % for the quarter that ended in Dec. 2023 was 7.51%. Seneca Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Seneca Foods's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.80%.


Seneca Foods EBIT Historical Data

The historical data trend for Seneca Foods'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.

Seneca Foods EBIT Chart

Seneca Foods Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -33.79 77.47 166.18 65.60 28.65

Seneca Foods 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 31.83 -34.67 36.83 39.76 32.59

Competitive Comparison of Seneca Foods's EBIT

For the Packaged Foods subindustry, Seneca Foods'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.


Seneca Foods's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

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



Seneca Foods 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 $75 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.


Seneca Foods  (NAS:SENEA) EBIT Explanation

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

Seneca Foods'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 )
=122.88 * ( 1 - 23.81% )/( (1184.337 + 1308.607)/ 2 )
=93.622272/1246.472
=7.51 %

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))
=1571.72 - 375.302 - ( 12.081 - max(0, 432.817 - 1157.511+12.081))
=1184.337

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))
=1489.537 - 173.762 - ( 7.168 - max(0, 224.049 - 1078.295+7.168))
=1308.607

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

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

Seneca Foods'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 )
=130.348/( ( (354.588 + max(743.236, 0)) + (351.398 + max(876.507, 0)) )/ 2 )
=130.348/( ( 1097.824 + 1227.905 )/ 2 )
=130.348/1162.8645
=11.21 %

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)
=(128.38 + 1013.447 + 2.643) - (375.302 + 14.637 + 11.295)
=743.236

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(89.928 + 968.889 + 11.157) - (173.762 + 8.708 + 10.997)
=876.507

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=74.51/1095.055
=6.80 %

* 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.


Seneca Foods EBIT Related Terms

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Seneca Foods (Seneca Foods) Business Description

Traded in Other Exchanges
Address
350 WillowBrook Office Park, Fairport, NY, USA, 14480
Seneca Foods Corp is a US-based company which acts as a provider of packaged fruits and vegetables. Its product offerings include canned, frozen and bottled produce and snack chips. The company's segment includes fruits and vegetables, prepared food products, and snack products. It generates maximum revenue from Canned vegetables followed by Frozen vegetables.
Executives
Michael S Wolcott officer: SVP Finance, CFO 350 WILLOWBROOK OFFICE PARK, FAIRPORT NY 14450
Pete Call director 3736 SOUTH MAIN STREET, MARION NY 14505
Bruce Ware director 3605 PATIENCE BLVD, DALLAS TX 75236
Arthur S Wolcott director, 10 percent owner, officer: Chairman 1690 HARBORSOUND DRIVE, LONG BOAT KEY FL 34228
Linda K Nelson director C/O SENECA FOODS CORPORATION, 3736 SOUTH MAIN STREET, MARION NY 14505
Gregory R Ide officer: VP, Controller/Assit.Secretary C/O SENECA FOODS CORPORATION, 3736 SOUTH MAIN STREET, MARION NY 14505
Donald J Stuart director C/O SENECA FOODS CORPORATION, 3736 SOUTH MAIN STREET, MARION NY 14505
Michael F Nozzolio director C/O SENECA FOODS CORPORATION, 3736 SOUTH MAIN STREET, MARION NY 14505
Timothy John Benjamin officer: SVP, CFO and Treasurer 3736 SOUTH MAIN STREET, MARION NY 14505
Keith Alan Woodward director 3736 S. MAIN STREET, MARION NY 14505
Kathryn Jean Boor director 3736 S. MAIN STREET, MARION NY 14505
Timothy Robert Nelson officer: Senior Vice President of Oper. 3736 S. MAIN STREET, MARION NY 14505
Matthew John Henschler officer: Senior VP Technical Services 3736 SOUTH MAIN STREET, MARION NY 14505
Thomas Paulson director 5540 PIONEER CREEK DR, MAPLE PLAIN MN 55359-9003
Sarah S Mortensen officer: Assistant Secretary