GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Masonite International Corp (NYSE:DOOR) » Definitions » EBIT

Masonite International (Masonite International) EBIT : $213 Mil (TTM As of Dec. 2023)


View and export this data going back to 2011. Start your Free Trial

What is Masonite International EBIT?

Masonite International's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $213 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Masonite International's annualized ROC % for the quarter that ended in Dec. 2023 was 10.55%. Masonite International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Masonite International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.25%.


Masonite International EBIT Historical Data

The historical data trend for Masonite International'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.

Masonite International EBIT Chart

Masonite International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 112.84 149.11 190.09 331.53 213.03

Masonite International 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 55.05 65.06 77.11 66.26 4.61

Competitive Comparison of Masonite International's EBIT

For the Building Products & Equipment subindustry, Masonite International'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.


Masonite International's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Masonite International's EV-to-EBIT distribution charts can be found below:

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



Masonite International 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 $213 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.


Masonite International  (NYSE:DOOR) EBIT Explanation

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

Masonite International'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 )
=154.628 * ( 1 - -43.73% )/( (1992.02 + 2223.18)/ 2 )
=222.2468244/2107.6
=10.55 %

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))
=2685.906 - 333.404 - ( 360.482 - max(0, 398.458 - 1181.592+360.482))
=1992.02

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))
=2685.379 - 324.785 - ( 137.414 - max(0, 394.584 - 953.399+137.414))
=2223.18

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

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

Masonite International'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 )
=18.452/( ( (925.407 + max(463.003, 0)) + (950.776 + max(464.656, 0)) )/ 2 )
=18.452/( ( 1388.41 + 1415.432 )/ 2 )
=18.452/1401.921
=1.32 %

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)
=(354.995 + 364.181 + 77.231) - (333.404 + 0 + 5.6843418860808E-14)
=463.003

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(326.224 + 391.199 + 72.018) - (324.785 + 0 + -5.6843418860808E-14)
=464.656

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=213.032/4060.658
=5.25 %

* 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.


Masonite International EBIT Related Terms

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


Masonite International (Masonite International) Business Description

Traded in Other Exchanges
Address
2771 Rutherford Road, Concord, ON, CAN, L4K 2N6
Masonite International Corp is engaged in designing, manufacturing, marketing and distributing interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Its product categories include interior molded residential doors, interior stile and rail residential doors, exterior fibreglass residential doors, exterior steel residential doors, interior architectural wood doors, wood veneers and molded door facings and door core. The company operates its manufacturing and distribution facilities in seven countries in North America, Europe, South America and Asia.
Executives
Alexander Albert Legall officer: See Remarks 1242 EAST 5TH AVE, TAMPA FL 33605
Jay Ira Steinfeld director 4919 HOLLY STREET, BELLAIRE TX 77401
Catherine Anne Shellabarger officer: VP & Chief Accounting Officer 1242 EAST 5TH AVE, TAMPA FL 33605
Robert J Byrne director C/O MASONITE INTERNATIONAL CORPORATION, 201 NORTH FRANKLIN ST., SUITE 300, TAMPA FL 33602
Patrick Daniel Brisley officer: VP & Chief Accounting Officer 1242 EAST 5TH AVE, TAMPA FL 33605
Victoria Louise Philemon officer: See Remarks 1242 EAST 5TH AVE, TAMPA FL 33605
Peter R Dachowski director C/O BACKYARD HOLDCO, INC., 7830 FREEWAY CIRCLE, MIDDLEBURG HEIGHTS OH 44130
James C Pelletier other: SVP, GC & Corporate Secretary 1242 EAST 5TH AVENUE, TAMPA FL 33605
Robert Edgar Lewis officer: See Remarks C/O MASONITE INTERNATIONAL CORPORATION, 1242 EAST 5TH AVENUE, TAMPA FL 33602
Christopher O Ball officer: President, Global Residential 1242 EAST 5TH AVENUE, TAMPA FL 33605
Francis M Scricco director C/O AVAYA INC., 211 MOUNT AIRY ROAD, BASKING RIDGE NJ 07920
Barry A. Ruffalo director ASTEC INDUSTRIES, INC., 1725 SHEPHERD RD, CHATTANOOGA TN 37421
Jonathan F Foster director 777 THIRD AVE, 30TH FL, NEW YORK NY 10017
Randal Alan White officer: See Remarks C/O MASONITE INTERNATIONAL CORPORATION, 201 N. FRANKLIN STREET, SUITE 300, TAMPA FL 33602
John H. Chuang director 711 BOYLSTON STREET, BOSTON MA 02445