GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Columbus McKinnon Corp (NAS:CMCO) » Definitions » EBIT

Columbus McKinnon (Columbus McKinnon) EBIT : $105 Mil (TTM As of Dec. 2023)


View and export this data going back to 1996. Start your Free Trial

What is Columbus McKinnon EBIT?

Columbus McKinnon's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $105 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Columbus McKinnon's annualized ROC % for the quarter that ended in Dec. 2023 was 5.03%. Columbus McKinnon's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 31.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Columbus McKinnon's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.44%.


Columbus McKinnon EBIT Historical Data

The historical data trend for Columbus McKinnon'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.

Columbus McKinnon EBIT Chart

Columbus McKinnon 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 70.04 91.39 22.16 58.57 102.42

Columbus McKinnon 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 24.03 29.06 21.29 31.12 23.59

Competitive Comparison of Columbus McKinnon's EBIT

For the Farm & Heavy Construction Machinery subindustry, Columbus McKinnon'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.


Columbus McKinnon's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Columbus McKinnon's EV-to-EBIT distribution charts can be found below:

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



Columbus McKinnon 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 $105 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.


Columbus McKinnon  (NAS:CMCO) EBIT Explanation

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

Columbus McKinnon'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 )
=107.648 * ( 1 - 28.68% )/( (1515.365 + 1535.696)/ 2 )
=76.7745536/1525.5305
=5.03 %

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))
=1827.401 - 212.978 - ( 99.058 - max(0, 263.614 - 511.194+99.058))
=1515.365

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))
=1857.31 - 218.669 - ( 102.945 - max(0, 269.321 - 516.412+102.945))
=1535.696

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

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

Columbus McKinnon'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 )
=94.364/( ( (100.602 + max(199.158, 0)) + (102.729 + max(194.798, 0)) )/ 2 )
=94.364/( ( 299.76 + 297.527 )/ 2 )
=94.364/298.6435
=31.60 %

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)
=(166.39 + 204.997 + 40.749) - (212.978 + 0 + -5.6843418860808E-14)
=199.158

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(173.411 + 204.396 + 35.66) - (218.669 + 0 + 0)
=194.798

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=105.071/1632.129
=6.44 %

* 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.


Columbus McKinnon EBIT Related Terms

Thank you for viewing the detailed overview of Columbus McKinnon's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Columbus McKinnon (Columbus McKinnon) Business Description

Traded in Other Exchanges
Address
205 Crosspoint Parkway, Buffalo, NY, USA, 14068
Columbus McKinnon Corp is a designer, manufacturer and marketer of intelligent motion solutions, including motion control products, technologies, automated systems and services, that efficiently and ergonomically move, lift, position and secure materials. Its key products include hoists, crane components, precision conveyors, actuators, rigging tools, light rail workstations, and digital power and motion control systems. The company's targeted market verticals include general industries, mobile industries, energy and utilities, process industries, industrial automation, construction and infrastructure, food processing, entertainment, life sciences, consumer packaged goods and e-commerce/supply chain/warehousing.
Executives
Rebecca Yeung director 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Jon Adams officer: Interim VP Crane Solutions 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Kurt F Wozniak officer: VP - Latin America 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Gerard G Colella director 6 SHATTUCK RD, ANDOVER MA 01810
Chad R Abraham director 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Mark R Paradowski officer: VP - Information Services 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Alan S Korman officer: VP, Gen'l Counsel & Secretary 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Gregory P Rustowicz officer: VP - Finance and CFO 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Peter M Mccormick officer: VP-CraneSolutions 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Adrienne Williams officer: Vice President & CHRO 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Terry Schadeberg officer: President Dorner Mfg. Corp. 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Michael Dastoor director C/O JABIL CIRCUIT, INC., 10560 DR. MARTIN LUTHER KING, JR. ST. N., ST. PETERSBURG FL 33716-3718
Mario Y. Ramos officer: VP Global Product Development 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Jeanne Beliveau-dunn director C/O XYLEM INC., 1 INTERNATIONAL DRIVE, RYE BROOK NY 10573
David J. Wilson director, officer: President & CEO 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277

Columbus McKinnon (Columbus McKinnon) Headlines