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Polaris (Polaris) EBIT : $612 Mil (TTM As of Mar. 2024)


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What is Polaris EBIT?

Polaris's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $612 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Polaris's annualized ROC % for the quarter that ended in Mar. 2024 was 2.23%. Polaris's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Polaris's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.25%.


Polaris EBIT Historical Data

The historical data trend for Polaris'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.

Polaris EBIT Chart

Polaris 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 485.40 208.10 672.90 833.10 745.40

Polaris Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 173.50 204.10 214.20 153.60 39.60

Competitive Comparison of Polaris's EBIT

For the Recreational Vehicles subindustry, Polaris'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.


Polaris's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

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



Polaris 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $612 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.


Polaris  (NYSE:PII) EBIT Explanation

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

Polaris's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=156 * ( 1 - 49.35% )/( (3510.9 + 3586.7)/ 2 )
=79.014/3548.8
=2.23 %

where

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

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

Polaris's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=158.4/( ( (1345.4 + max(464.6, 0)) + (1358.7 + max(626.1, 0)) )/ 2 )
=158.4/( ( 1810 + 1984.8 )/ 2 )
=158.4/1897.4
=8.35 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(306.4 + 1810.5 + 198) - (1637.6 + 0 + 212.7)
=464.6

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(254.1 + 1952.8 + 195.8) - (1661.9 + 0 + 114.7)
=626.1

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=611.5/6608.358
=9.25 %

* 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.


Polaris EBIT Related Terms

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Polaris (Polaris) Business Description

Traded in Other Exchanges
Address
2100 Highway 55, Medina, MN, USA, 55340
Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, and on-road vehicles, including motorcycles, along with the related replacement parts, garments, and accessories. The firm entered the marine market after acquiring Boat Holdings in 2018, offering exposure to new segments of the outdoor lifestyle market. Polaris products retailed through more than 2,500 dealers in North America and through 1,500 international dealers as well as more than 25 subsidiaries and 90 distributors in more than 100 countries outside North America at the end of 2022.
Executives
Robert Paul Mack officer: CFO, EVP-Corp Dev Pres-GAM 2100 HIGHWAY 55, MEDINA MN 55340
Kevin M Farr director MATTEL, INC., 333 CONTINENTAL BLVD, M1-1518, EL SEGUNDO CA 90245
Stephen L. Eastman officer: President - PG&A 2100 HIGHWAY 55, MEDINA MN 55340
Michael T Speetzen officer: CEO XYLEM INC., 1133 WESTCHESTER AVENUE, SUITE N200, WHITE PLAINS NY 10604
Michael D. Dougherty officer: President-Motorcycles & Int'l 2100 HIGHWAY 55, MEDINA MN 55340
Dougherty Lucy Clark officer: SVP-Gen Counsel & Secretary 2100 HIGHWAY 55, MEDINA MN 55340
James P Williams officer: SVP-CHRO 600 TRAVIS, SUITE 5800, HOUSTON TX 77002
Benjamin D Duke officer: President-Marine 2100 HIGHWAY 55, MEDINA MN 55340
Kenneth Pucel officer: EVP, Global Ops & CTO 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Steven Menneto officer: President-ORV 2100 HIGHWAY 55, MEDINA MN 55340
Jacob Vogel officer: President-Boats 2100 HIGHWAY 55, MEDINA MN 55340
Darryl R. Jackson director 2100 HIGHWAY 55, MEDINA MN 55340
Scott W. Wine officer: Chief Executive Officer 2100 HIGHWAY 55, MEDINA MN 55340
Christopher Musso officer: President-ORV 2100 HIGHWAY 55, MEDINA MN 55340
Annette K Clayton director 11384 BAYBERRY DRIVE, ROMEO MI 48065