Sylvamo (Sylvamo) EBIT : $350 Mil (TTM As of Mar. 2024)

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What is Sylvamo EBIT?

Sylvamo's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $69 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $350 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sylvamo's annualized ROC % for the quarter that ended in Mar. 2024 was 9.07%. Sylvamo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 20.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sylvamo's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.55%.

Sylvamo EBIT Historical Data

The historical data trend for Sylvamo'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.

Sylvamo EBIT Chart

Sylvamo Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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506.00

99.00

359.00

544.00

429.00

Sylvamo Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial													148.00	82.00	100.00	99.00	69.00

Competitive Comparison of Sylvamo's EBIT

For the Paper & Paper Products subindustry, Sylvamo'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.

Sylvamo's EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Sylvamo's EV-to-EBIT distribution charts can be found below:

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

Sylvamo 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $350 Mil.

Sylvamo (NYSE:SLVM) EBIT Explanation

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

Sylvamo's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	276 * ( 1 - 28.33% )	/	( (2168	+	2192)	/ 2 )
=	197.8092	/	2180
=	9.07 %

where

	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	))
=	2872	-	484	-	( 220	-	max(0, 695	-	1193	+	220	))
=	2168

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	2797	-	456	-	( 149	-	max(0, 649	-	1115	+	149	))
=	2192

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Sylvamo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	276	/	( ( (1060 + max(279, 0))	+	(1050 + max(290, 0)) )	/	2 )
=	276	/	( ( 1339	+	1340 )	/	2 )
=	276	/	1339.5
=	20.60 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(428	+	404	+	114)	-	(484	+	0	+	183)
=	279

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(393	+	407	+	111)	-	(456	+	0	+	165)
=	290

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	350	/	3666.605
	=	9.55 %

Sylvamo EBIT Related Terms

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Sylvamo (Sylvamo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sylvamo Corp (NYSE:SLVM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

88L:Germany

Address

6077 Primacy Parkway, Memphis, TN, USA, 38119

Website

https://www.sylvamo.com

Sylvamo Corp is an uncoated papers company with a broad portfolio of top-tier brands and low-cost, large-scale paper mills, it produces uncoated freesheet (UFS) for paper products such as cut size and offset paper, as well as market pulp. The company offers Copy and Printer papers, Commercial Printing papers, Converting papers, and Specialty papers. It operates in three geographical segments: Europe, Latin America, and North America.

Executives

Hirschfeld Tatiana Kalman	officer: SVP & GM, Latin America	C/O SYLVAMO CORPORATION, 6077 PRIMACY PARKWAY, MEMPHIS TN 38119
John V Sims	director, officer: SVP & Chief Financial Officer	C/O INTERNATIONAL PAPER COMPANY, 6400 POPLAR AVENUE, MEMPHIS TN 38197
Karl L Meyers	director	C/O SYLVAMO CORPORATION, 6077 PRIMACY PARKWAY, MEMPHIS TN 38119
Kevin W Ferguson	officer: VP, Controller,Chief Acct.Off.	C/O SYLVAMO CORPORATION, 6400 POPLAR AVENUE, MEMPHIS TN 38197
Thomas A Cleves	officer: SVP, Corporate Affairs	C/O SYLVAMO CORPORATION, 6400 POPLAR AVENUE, MEMPHIS TN 38197
Mark Wilde	director	C/O SYLVAMO CORPORATION, 6077 PRIMACY PARKWAY, MEMPHIS TN 38119
Citigroup Inc	10 percent owner	388 GREENWICH STREET, NEW YORK NY 10013
International Paper Co /new/	10 percent owner	6400 POPLAR AVENUE, MEMPHIS TN 38197
Matthew Barron	officer: SVP, Gen Counsel & Secretary	C/O SYLVAMO CORPORATION, 6400 POPLAR AVENUE, MEMPHIS TN 38197
Atlas Capital Resources Gp Iv Llc	10 percent owner	100 NORTHFIELD STREET, GREENWICH CT 06830
Atlas Capital Gp Iv Lp	10 percent owner	100 NORTHFIELD STREET, GREENWICH CT 06830
Acr Group Paper Holdings Lp	10 percent owner	100 NORTHFIELD STREET, GREENWICH CT 06830
Andrew M Bursky	10 percent owner
Timothy J Fazio	10 percent owner	ATLAS HOLDINGS LLC, 100 NORTHFIELD STREET, GREENWICH CT 06830
Acr Group Paper Holdings Jr Gp Llc	10 percent owner	100 NORTHFIELD STREET, GREENWICH CT 06830