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LPP (WAR:LPP) EBIT : zł2,254 Mil (TTM As of Jan. 2024)


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What is LPP EBIT?

LPP's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was zł664 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was zł2,254 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LPP's annualized ROC % for the quarter that ended in Jan. 2024 was 21.04%. LPP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 38.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. LPP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 6.42%.

LPP EBIT Historical Data

The historical data trend for LPP'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.

LPP EBIT Chart

LPP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Jan20 Jan21 Jan22 Jan23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 738.63 868.53 40.23 1,054.77 1,303.40

LPP Quarterly Data
Mar19 Jun19 Sep19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 307.30 201.40 620.20 768.60 664.20

Competitive Comparison of LPP's EBIT

For the Apparel Manufacturing subindustry, LPP'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.

LPP's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, LPP's EV-to-EBIT distribution charts can be found below:

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


LPP 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was zł2,254 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.

LPP  (WAR:LPP) EBIT Explanation

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

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

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=2878.4 * ( 1 - 21.58% )/( (9650.7 + 11809.3)/ 2 )
=2257.24128/10730
=21.04 %

where

Invested Capital(Q: Oct. 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))
=13721.4 - 3962 - ( 1471.8 - max(0, 5678.3 - 5787+1471.8))
=9650.7

Invested Capital(Q: Jan. 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))
=13802.1 - 1817.9 - ( 1637.3 - max(0, 5653.8 - 5828.7+1637.3))
=11809.3

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

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

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

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2656.8/( ( (6807.6 + max(-176.8, 0)) + (6887.6 + max(-703.1, 0)) )/ 2 )
=2656.8/( ( 6807.6 + 6887.6 )/ 2 )
=2656.8/6847.6
=38.80 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(804.6 + 3186.8 + 90.099999999999) - (3962 + 0 + 296.3)
=-176.8

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(809.7 + 3040.3 + 36.199999999999) - (1817.9 + 0 + 2771.4)
=-703.1

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2024 )
=2254.4/35089.306
=6.42 %

* 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.

LPP EBIT Related Terms

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LPP (WAR:LPP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » LPP SA (WAR:LPP) » Definitions » EBIT
Comparable Companies
WAR:VRG WAR:MON WAR:EAH WAR:RDN WAR:SOL WAR:HRT OSTO:HM B MIL:MONC RL VFC LEVI BOM:532827 TSX:GIL SHSE:600398 PVH COLM TPE:1476 HKSE:03998 SHSE:600177 XTER:BOSS
Traded in Other Exchanges
LPPSY:USA 0LVL:UK
Address
ul. Lakowa 39/44, Gdansk, POL, 80-769
Website
http://www.lppsa.com
LPP SA makes and sells clothing, footwear, bags, and accessories in Central and Eastern Europe. LPP has nearly 1,500 company-branded retail stores, which serve as the company's primary sales channel. Brands include Reserved, Cropp, House, Mohito, and Sinsay. Reserved stores account for roughly half of the company's sales volume. Geographically, most sales are in Poland, and Poland and Russia account for more than 80% of total sales. LPP purchases most of its materials in Asia, and the company's manufacturers are primarily located in China.

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