LL Flooring Holdings (LL Flooring Holdings) EBIT

: $-80.8 Mil (TTM As of Dec. 2023)

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LL Flooring Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-17.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-80.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LL Flooring Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -14.74%. LL Flooring Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -18.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. LL Flooring Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -32.42%.

LL Flooring Holdings EBIT Historical Data

The historical data trend for LL Flooring Holdings'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.

LL Flooring Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

16.72

56.28

52.69

-11.72

-80.79

LL Flooring Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																-17.33	-13.19	-20.47	-29.60	-17.53

Competitive Comparison

For the Home Improvement Retail subindustry, LL Flooring Holdings'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.

LL Flooring Holdings EV-to-EBIT Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, LL Flooring Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where LL Flooring Holdings's EV-to-EBIT falls into.

LL Flooring Holdings 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 $-80.8 Mil.

LL Flooring Holdings (NYSE:LL) EBIT Explanation

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

LL Flooring Holdings'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 )
=	-70.124 * ( 1 - 3.59% )	/	( (474.886	+	442.16)	/ 2 )
=	-67.6065484	/	458.523
=	-14.74 %

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	))
=	568.815	-	83.964	-	( 9.965	-	max(0, 191.237	-	319.898	+	9.965	))
=	474.886

	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	))
=	535.574	-	84.642	-	( 8.772	-	max(0, 187.222	-	288.193	+	8.772	))
=	442.16

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

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

LL Flooring Holdings'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 )
=	-70.124	/	( ( (243.491 + max(150.362, 0))	+	(241.7 + max(124.014, 0)) )	/	2 )
=	-70.124	/	( ( 393.853	+	365.714 )	/	2 )
=	-70.124	/	379.7835
=	-18.46 %

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)
=	(0	+	282.622	+	27.311)	-	(83.964	+	42.252	+	33.355)
=	150.362

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	265.29	+	14.131)	-	(84.642	+	39.468	+	31.297)
=	124.014

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:

LL Flooring Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-80.786	/	249.195
	=	-32.42 %

LL Flooring Holdings EBIT Related Terms

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LL Flooring Holdings (LL Flooring Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » LL Flooring Holdings Inc (NYSE:LL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4901 Bakers Mill Lane, Richmond, VA, USA, 23230

Website

https://www.llflooring.com

LL Flooring Holdings Inc is a specialty retailer of hardwood flooring in North America. The firm primarily operates across the U.S. and Ontario, Canada, through its retail store operations segment. Its products include foreign and domestic hardwood species, engineered hardwood, laminate, resilient-vinyl, bamboo, and cork flooring. The company derives most of its revenue from laminate, vinyl, engineered vinyl plank, and porcelain tile, followed by Solid and Engineered Hardwood. The firm also offers a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools. It primarily targets do-it-yourself (DIY), do-it-for-me (DIFM), and commercial customers. Bellawood is a core brand of the company.

Executives

Robert L Madore	officer: EVP and CFO	C/O RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022
F Terrence Blanchard	officer: Interim CFO	C/O LAWSON PRODUCTS, INC., 1666 EAST TOUHY AVENUE, DES PLAINES IL 60018
Kristian B Lesher	officer: SVP and CTO	4901 BAKERS MILL LANE, RICHMOND VA 23230
Chasity D Grosh	other: Chief Accounting Officer	4901 BAKERS MILL LANE, RICHMOND VA 23230
Michael E Dauberman	officer: EVP, CGO	4901 BAKERS MILL LANE, RICHMOND VA 23230
Clark Douglas S Jr	officer: SVP Merch & Supply Chain	4901 BAKERS MILL LANE, RICHMOND VA 23230
Douglas T Moore	director	9950 MAYLAND DR, RICHMOND VA 23233
Joseph M Nowicki	director	C/O BEACON ROOFING SUPPLY, INC., 505 HUNTMAR PARK DRIVE SUITE 300, HERNDON VA 20170
Charles E Tyson	director, officer: President & CEO	LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230
Ashish Parmar	director	4901 BAKERS MILL LANE, RICHMOND VA 23230
Nancy M Taylor	director	TREDEGAR CORP, 1100 BOULDERS PARKWAY, RICHMOND VA 23219
Famous P Rhodes	director	4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431
Jimmie L Wade	director	C/O ADVANCE AUTO PARTS, 5673 AIRPORT RD, ROANOKE VA 24012
Matt T Argano	officer: Chief Human Resources Officer	LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230
Terri F Graham	director	C/O JACK IN THE BOX INC, 9330 BALVOA AVE, SAN DIEGO CA 92123