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Cementos Argos S.A. (Cementos Argos S.A.) EBIT : $342 Mil (TTM As of Sep. 2023)


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What is Cementos Argos S.A. EBIT?

Cementos Argos S.A.'s earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $124 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $342 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cementos Argos S.A.'s annualized ROC % for the quarter that ended in Sep. 2023 was 8.76%. Cementos Argos S.A.'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 16.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cementos Argos S.A.'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 10.89%.


Cementos Argos S.A. EBIT Historical Data

The historical data trend for Cementos Argos S.A.'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.

Cementos Argos S.A. EBIT Chart

Cementos Argos S.A. Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 259.05 236.80 192.88 309.34 248.31

Cementos Argos S.A. Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 81.88 70.04 63.80 84.40 123.67

Competitive Comparison of Cementos Argos S.A.'s EBIT

For the Building Materials subindustry, Cementos Argos S.A.'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.


Cementos Argos S.A.'s EV-to-EBIT Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cementos Argos S.A.'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cementos Argos S.A.'s EV-to-EBIT falls into.



Cementos Argos S.A. 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $342 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.


Cementos Argos S.A.  (OTCPK:CMTOY) EBIT Explanation

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

Cementos Argos S.A.'s annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=493.884 * ( 1 - 20.04% )/( (4288.677 + 4730.348)/ 2 )
=394.9096464/4509.5125
=8.76 %

where

Invested Capital(Q: Jun. 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))
=4730.472 - 356.953 - ( 189.163 - max(0, 856.135 - 940.977+189.163))
=4288.677

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))
=5111.856 - 343.603 - ( 266.249 - max(0, 1035.95 - 1073.855+266.249))
=4730.348

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

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

Cementos Argos S.A.'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=494.66/( ( (2866.552 + max(-20.13, 0)) + (3071.859 + max(-112.299, 0)) )/ 2 )
=494.66/( ( 2866.552 + 3071.859 )/ 2 )
=494.66/2969.2055
=16.66 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(338.349 + 316.572 + 96.893) - (356.953 + 0 + 414.991)
=-20.13

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(347.642 + 325.719 + 134.245) - (343.603 + 0 + 576.302)
=-112.299

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

Cementos Argos S.A.'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=341.904/3140.353
=10.89 %

* 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.


Cementos Argos S.A. EBIT Related Terms

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Cementos Argos S.A. (Cementos Argos S.A.) Business Description

Traded in Other Exchanges
Address
Carrera 53 No. 106 - 280, Centro Empresarial Buenavista, Piso 17, Barranquilla, COL
Cementos Argos S.A. is a cement producing company. In terms of the concrete business it is Colombia's leading producer and the second-largest producer in the United States. The company's corporate purpose is the exploitation of the cement industry, the production of concrete mixes and any other materials or items made of cement, lime or clay, the acquisition and exploitation of minerals or deposits of exploitable minerals in the cement industry and similar rights to explore and mine the aforementioned minerals, whether by concession, privilege, lease or other title.

Cementos Argos S.A. (Cementos Argos S.A.) Headlines

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