GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Quanex Building Products Corp (NYSE:NX) » Definitions » EBIT

Quanex Building Products (Quanex Building Products) EBIT : $110 Mil (TTM As of Jan. 2024)


View and export this data going back to 1965. Start your Free Trial

What is Quanex Building Products EBIT?

Quanex Building Products's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $110 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Quanex Building Products's annualized ROC % for the quarter that ended in Jan. 2024 was 3.79%. Quanex Building Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 9.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Quanex Building Products's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 9.23%.


Quanex Building Products EBIT Historical Data

The historical data trend for Quanex Building Products'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.

Quanex Building Products EBIT Chart

Quanex Building Products Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -26.31 55.55 82.62 112.32 105.18

Quanex Building Products Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 4.62 29.31 37.87 33.39 8.96

Competitive Comparison of Quanex Building Products's EBIT

For the Building Products & Equipment subindustry, Quanex Building Products'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.


Quanex Building Products's EV-to-EBIT Distribution in the Construction Industry

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

* The bar in red indicates where Quanex Building Products's EV-to-EBIT falls into.



Quanex Building Products 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $110 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.


Quanex Building Products  (NYSE:NX) EBIT Explanation

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

Quanex Building Products's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=31.668 * ( 1 - 20.81% )/( (655.822 + 667.414)/ 2 )
=25.0778892/661.618
=3.79 %

where

Invested Capital(Q: Jan. 2024 )
=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))
=813.42 - 101.584 - ( 44.422 - max(0, 111.454 - 252.995+44.422))
=667.414

Note: The Operating Income data used here is four times the quarterly (Jan. 2024) data.

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

Quanex Building Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=35.836/( ( (297.284 + max(82.314, 0)) + (300.051 + max(99.347, 0)) )/ 2 )
=35.836/( ( 379.598 + 399.398 )/ 2 )
=35.836/389.498
=9.20 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(97.871 + 97.959 + 11.558) - (116.847 + 2.99 + 5.237)
=82.314

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(80.063 + 107.478 + 13.39) - (101.584 + 0 + -1.4210854715202E-14)
=99.347

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

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

Quanex Building Products's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2024 )
=109.52/1186.629
=9.23 %

* 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.


Quanex Building Products EBIT Related Terms

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


Quanex Building Products (Quanex Building Products) Business Description

Traded in Other Exchanges
Address
945 Bunker Hill Road, Suite 900, Houston, TX, USA, 77024
Quanex Building Products Corp is a manufacturer of components sold to original equipment manufacturers in the building products industry. It manufactures engineered products like window and door components that include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants and precision-formed metal and wood products among others. Its three operating segments are North American Fenestration being the key revenue driver, European Fenestration, and North American Cabinet Components. Geographically, it derives a majority of revenue from the United States.
Executives
Curtis M Stevens director LOUISIANA-PACIFIC CORPORATION, 414 UNION STREET, SUITE 1910, NASHVILLE TN 37219
Susan F Davis director
William C Griffiths director C/O SPX CORPORATION, 13515 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Paul Cornett officer: SVP General Counsel, Secretary 1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Karen Ettredge officer: VP, Controller 1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Bradley E. Hughes director 2420 BRADWAY BOULEVARD, BLOOMFIELD VILLAGE MI 48301
Jason Lippert director C/O LIPPERT COMPONENTS INC, 2375 TAMIAMI TRAIL NORTH STE 11, NAPLES FL 34103
George Laverne Wilson officer: Chief Operating Officer 1800 WEST LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Kimberley Garcia officer: VP, CHRO 1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Meredith W. Mendes director 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Scott M. Zuehlke officer: VP, IR & Treasurer 1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Joseph D Rupp director QUANEX BUILDING PRODUCTS CORPORATION, 1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Waltz William E Jr. director 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Mark A Livingston officer: VP CAO Controller 2105 CITY WEST BLVD., SUITE 500, HOUSTON TX 77042
Kevin P Delaney officer: SVP-Gen. Counsel & Secretary 1900 WEST LOOP SOUTH SUITE 1500, HOUSTON TX 77027