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A V Homes (A V Homes) EBIT : $26.2 Mil (TTM As of Jun. 2018)


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What is A V Homes EBIT?

A V Homes's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2018 was $7.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2018 was $26.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. A V Homes's annualized ROC % for the quarter that ended in Jun. 2018 was 2.39%. A V Homes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2018 was 4.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. A V Homes's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2018 was 5.90%.


A V Homes EBIT Historical Data

The historical data trend for A V Homes'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.

A V Homes EBIT Chart

A V Homes Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.44 4.20 21.43 41.25 28.95

A V Homes Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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 5.15 0.28 18.52 0.31 7.06

Competitive Comparison of A V Homes's EBIT

For the Residential Construction subindustry, A V Homes'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.


A V Homes's EV-to-EBIT Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, A V Homes's EV-to-EBIT distribution charts can be found below:

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



A V Homes 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 Jun. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $26.2 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.


A V Homes  (NAS:AVHI) EBIT Explanation

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

A V Homes's annualized ROC % for the quarter that ended in Jun. 2018 is calculated as:

ROC % (Q: Jun. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2018 ) + Invested Capital (Q: Jun. 2018 ))/ count )
=25.896 * ( 1 - 25.82% )/( (769.962 + 834.495)/ 2 )
=19.2096528/802.2285
=2.39 %

where

Invested Capital(Q: Mar. 2018 )
=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))
=1017.503 - 72.354 - ( 175.187 - max(0, 116.409 - 852.9+175.187))
=769.962

Note: The Operating Income data used here is four times the quarterly (Jun. 2018) data.

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

A V Homes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2018 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2018  Q: Jun. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=28.22/( ( (37.786 + max(553.477, 0)) + (39.948 + max(663.752, 0)) )/ 2 )
=28.22/( ( 591.263 + 703.7 )/ 2 )
=28.22/647.4815
=4.36 %

where Working Capital is:

Working Capital(Q: Mar. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 668.557 + 1.329) - (72.354 + 12.609 + 31.446)
=553.477

Working Capital(Q: Jun. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.366 + 731.552 + 1.7940000000001) - (73.96 + 0 + 0)
=663.752

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2018) EBIT data.

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

A V Homes's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2018 )
=26.156/443.650
=5.90 %

* 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.


A V Homes EBIT Related Terms

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A V Homes (A V Homes) Business Description

Traded in Other Exchanges
N/A
Address
A V Homes Inc is engaged in the business of homebuilding, community development in Florida, Arizona, and Carolinas. It also engaged in the sale of land for third party development. Firm derives the majority of its revenue from the Florida. The group has built over 7,500 homes nationwide and it has been the recipient of numerous awards for planning and homebuilding accomplishments.
Executives
David Bonderman other: Former 10% Owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
James G Coulter other: Former 10% Owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Roger A Cregg director, officer: President and CEO 100 BLOOMFIELD HILL PARKWAY, STE 300, BLOOMFIELD HILLS MI 48304
Tpg Advisors Vi, Inc. other: Former 10% Owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Jonathan Pertchik director C/O TRAVELCENTERS OF AMERICA INC., 24601 CENTER RIDGE ROAD, WESTLAKE OH 44145
Matthew Coleman director 8601 NORTH SCOTTSDALE ROAD, SUITE 225, SCOTTSDALE AZ 85253
Reuben S Leibowitz director 466 LEXINGTON AVENUE 10TH FL, NEW YORK NY 10017
Dave Gomez officer: EVP, GC and Secretary 7970 SOUTH KYRENE RD., TEMPE AZ 85284
Paul Hackwell director 301 COMMERCE STREET, SUITE 300, FORT WORTH TX 76102
Kelvin L. Davis director 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Greg Kranias director C/O TPG CAPITAL, L.P., 301 COMMERCE ST, SUITE 3300, FORT WORTH TX 76102
Beth Stewart director C/O GENERAL GROWTH PROPERTIES INC, 110 NORTH WACKER DRIVE, CHICAGO IL 60606
Milton H Dresner director C/O HIGHLAND COMPANIES, 28777 NORTHWESTERN HIGHWAY, SOUTHFIELD MI 48034
Michael P Rama officer: Controller C/O AVATAR HOLDINGS INC, 201 ALHAMBRA CIRCLE 12TH FLOOR, CORAL GABLES FL 33134
William G Spears director 45 ROCKEFELLER PLZ STE 1709, SPEARS GRISANTI & BROWN, NEW YORK NY 10111