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Forestar Group (Forestar Group) EBIT

: $227 Mil (TTM As of Dec. 2023)
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Forestar Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $227 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forestar Group's annualized ROC % for the quarter that ended in Dec. 2023 was 6.48%. Forestar Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1,330.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forestar Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.57%.


Forestar Group EBIT Historical Data

The historical data trend for Forestar Group'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.

Forestar Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.70 72.40 160.80 230.40 206.40

Forestar Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT 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 Premium Member Only Premium Member Only Premium Member Only 24.60 33.90 58.60 89.30 44.90

Competitive Comparison

For the Real Estate - Development subindustry, Forestar Group'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.


Forestar Group EV-to-EBIT Distribution

For the Real Estate industry and Real Estate sector, Forestar Group's EV-to-EBIT distribution charts can be found below:

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



Forestar Group 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 $227 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.


Forestar Group  (NYSE:FOR) EBIT Explanation

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

Forestar Group'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 )
=179.6 * ( 1 - 25.39% )/( (1953 + 2185.6)/ 2 )
=133.99956/2069.3
=6.48 %

where

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

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

Forestar Group'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 )
=179.6/( ( (13.3 + max(-294.9, 0)) + (13.7 + max(-308.3, 0)) )/ 2 )
=179.6/( ( 13.3 + 13.7 )/ 2 )
=179.6/13.5
=1,330.37 %

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)
=(25.7 + 0 + 22.7) - (196.6 + 135.5 + 11.2)
=-294.9

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.4 + 0 + 20.7) - (197.6 + 154.2 + 5.6)
=-308.3

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=226.7/1959.843
=11.57 %

* 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.


Forestar Group EBIT Related Terms

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Forestar Group (Forestar Group) Business Description

Traded in Other Exchanges
Address
2221 E. Lamar Boulevard, Suite 790, Arlington, TX, USA, 76006
Forestar Group Inc is a residential lot development company with operations across the United States. The core business segment for the company is real estate which generates all of it's revenues. The firm fundamentally acquires entitled real estate and develops it into finished residential lots for sale to homebuilders with a strategic focus on asset turns and efficiency. Single-family residential communities account for the majority of their real estate projects. The company utilizes a lower-risk business model mainly by investing in short duration, phased development projects.
Executives
Daniel C Bartok officer: CEO 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Ringler G.f. (rick) Iii director 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Elizabeth Parmer director 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Mark Stephen Walker officer: Chief Operating Officer 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
James Douglas Allen officer: Chief Financial Officer 2221 E. LAMAR BLVD. SUITE 790, ARLINGTON TX 76006
Lisa H. Jamieson director 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Samuel R Fuller director 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Donald C Spitzer director 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Bill W Wheat officer: Principal Financial Officer 1361 HORTON CIRCLE, ARLINGTON TX 76011
Aron M. Odom officer: Principal Accounting Officer 1341 HORTON CIRCLE, ARLINGTON TX 76011
Charles D Jehl officer: Chief Financial Officer C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
M Ashton Hudson director 9995 GATE PARKWAY, SUITE 330, JACKSONVILLE FL 32246
Donald J Tomnitz director, officer: Chairman 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Richard D. Squires director 3889 MAPLE AVENUE, SUITE 1525, DALLAS TX 75219
Michael J. Quinley officer: President 6300 BEE CAVE ROAD, BLDG 2, SUITE 500, AUSTIN TX 78746