Group 1 Automotive (Group 1 Automotive) EBIT

: $969 Mil (TTM As of Dec. 2023)

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Group 1 Automotive's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $195 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $969 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Group 1 Automotive's annualized ROC % for the quarter that ended in Dec. 2023 was 9.77%. Group 1 Automotive's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 20.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Group 1 Automotive's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.98%.

Group 1 Automotive EBIT Historical Data

The historical data trend for Group 1 Automotive'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.

Group 1 Automotive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

358.40

481.90

884.30

1,091.30

968.60

Group 1 Automotive Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																241.90	241.50	270.70	261.60	194.70

Competitive Comparison

For the Auto & Truck Dealerships subindustry, Group 1 Automotive'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.

Group 1 Automotive EV-to-EBIT Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Group 1 Automotive's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Group 1 Automotive's EV-to-EBIT falls into.

Group 1 Automotive 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 $969 Mil.

Group 1 Automotive (NYSE:GPI) EBIT Explanation

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

Group 1 Automotive'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 )
=	879.2 * ( 1 - 25.17% )	/	( (6551.5	+	6914.2)	/ 2 )
=	657.90536	/	6732.85
=	9.77 %

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	))
=	7439.6	-	835.2	-	( 52.9	-	max(0, 2174.6	-	2375.1	+	52.9	))
=	6551.5

	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	))
=	7774.1	-	802.7	-	( 57.2	-	max(0, 2505.7	-	2791.3	+	57.2	))
=	6914.2

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

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

Group 1 Automotive'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 )
=	778.8	/	( ( (2451.6 + max(1187.3, 0))	+	(2465.2 + max(1554.9, 0)) )	/	2 )
=	778.8	/	( ( 3638.9	+	4020.1 )	/	2 )
=	778.8	/	3829.5
=	20.34 %

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)
=	(223.5	+	1722.3	+	76.7)	-	(835.2	+	0	+	-4.5474735088646E-13)
=	1187.3

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(238.3	+	1963.4	+	163.2)	-	(802.7	+	0	+	7.2999999999997)
=	1554.9

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:

Group 1 Automotive's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	968.5	/	7463.107
	=	12.98 %

Group 1 Automotive EBIT Related Terms

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Group 1 Automotive (Group 1 Automotive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Group 1 Automotive Inc (NYSE:GPI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GAV:Germany

Address

800 Gessner, Suite 500, Houston, TX, USA, 77024

Website

https://www.group1auto.com

Group 1 owns and operates 41 collision centers and 201 automotive dealerships in the U.S. and the U.K., offering 35 brands of automobiles altogether. About 150 of the stores are in the U.S. with locations mostly in metropolitan areas in 17 states in the Northeast, Southeast, Midwest, and California. Texas alone contributed 37% of new-vehicle unit volume in 2022 and the U.K. about 19%. Texas, Oklahoma, and Massachusetts combined were about 53%. Revenue in 2022 totaled $16.2 billion. The company was founded in 1995 and is based in Houston.

Executives

Daniel James Mchenry	officer: Chief Financial Officer	800 GESSNER SUITE 500, HOUSTON TX 77024
Carin Marcy Barth	director
Daryl Kenningham	officer: Regional VP, East Region	800 GESSNER, SUITE 500, HOUSTON TX 77024
Michael David Jones	officer: Sr. Vice President	800 GESSNER SUITE 500, HOUSTON TX 77024
Peter C Delongchamps	officer: VP, Manufacturer Relations	800 GESSNER, SUITE 500, HOUSTON TX 77024
Darryl M Burman	officer: Sr. VP & General Counsel	800 GESSNER, SUITE 500, HOUSTON TX 77024
Edward Mckissic	officer: Senior VP, Human Resources	800 GESSNER SUITE 500, HOUSTON TX 77024
Lincoln Pereira	director	800 GESSNER, SUITE 500, HOUSTON TX 77024
Gillian A. Hobson	officer: SVP, Chief Legal Officer & Sec	800 GESSNER RD STE 500, HOUSTON TX 77024
Earl J Hesterberg	director, officer: President & CEO	GROUP 1 AUTOMOTIVE, INC., 800 GESSNER, SUITE 500, HOUSTON TX 77024
Frank Grese	officer: Regional VP, West Region	800 GESSNER, SUITE 500, HOUSTON TX 77024
Max P Watson	director	800 GESSNER, SUITE 500, HOUSTON TX 77024
Steven Mizell	director	2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033
Steven P Stanbrook	director	1525 HOWE ST, RACINE WI 53403
John C Rickel	officer: SVP & CFO	4080 JENKINS ROAD, CHATTANOOGA TN 37421