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Terex (TEX) EBIT : $643 Mil (TTM As of Dec. 2023)


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What is Terex EBIT?

Terex's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $122 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $643 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Terex's annualized ROC % for the quarter that ended in Dec. 2023 was 22.48%. Terex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 36.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Terex's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.01%.


Terex EBIT Historical Data

The historical data trend for Terex'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.

Terex EBIT Chart

Terex 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 335.40 76.90 315.30 415.70 643.00

Terex Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 119.10 148.10 207.20 166.00 121.70

Competitive Comparison of Terex's EBIT

For the Farm & Heavy Construction Machinery subindustry, Terex'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.


Terex's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Terex's EV-to-EBIT distribution charts can be found below:

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



Terex 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 $643 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.


Terex  (NYSE:TEX) EBIT Explanation

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

Terex'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 )
=462.8 * ( 1 - -21% )/( (2440.5 + 2542.2)/ 2 )
=559.988/2491.35
=22.48 %

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:

Terex'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 )
=486.8/( ( (500.5 + max(832.5, 0)) + (569.8 + max(758.1, 0)) )/ 2 )
=486.8/( ( 1333 + 1327.9 )/ 2 )
=486.8/1330.45
=36.59 %

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)
=(645.1 + 1117 + 130.1) - (668.3 + 0 + 391.4)
=832.5

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(547.8 + 1186 + 140.7) - (702.6 + 0 + 413.8)
=758.1

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=643/4284.032
=15.01 %

* 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.


Terex EBIT Related Terms

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


Terex (TEX) Business Description

Traded in Other Exchanges
Address
45 Glover Avenue, 4th Floor, Norwalk, CT, USA, 06850
Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks. Its current composition is a result of numerous acquisitions over several decades and a recent shift to focus on its two core segments after divesting a handful of underperforming businesses. Terex's remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management.
Executives
Garrison John L Jr officer: CEO AND PRESIDENT C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Amy George officer: Senior V.P. Human Resources C/O TEREX CORPORATION, 200 NYALA FARMS ROAD, WESTPORT CT 06880
Stephen Johnston officer: Chief Accounting Officer C/O TEREX CORP, 200 NYALA FARM ROAD, WESTPOT CT 06880
David A Sachs director C/O TEREX CORP, 200 NYALA FARM ROAD, WESTPORT CT 06880
Julie A Beck officer: Senior Vice President, Finance ONE INVACARE WAY, ELYRIA OH 44035
Andra Rush director C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Oluseun Salami director C/O TEREX CORPORATION, 45 GLOVER AVENUE, NORWALK CT 06850
Kieran Hegarty officer: President, Materials Processin C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Simon Meester officer: President - Genie C/O TEREX CORP, 45 GLOVER AVENUE, 4TH FLOOR, NORWALK CT 06850
Scott Posner officer: Senior V.P., Gen Counsel Sec. C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Paula H Cholmondeley director 221 W PHILADELPHIA ST, SUITE 60W, YORK PA 17401-2991
John D Sheehan officer: Senior Vice President, CFO 5725 DELPHI DRIVE, TROY MI 48098
Mark I Clair officer: VP Controller & CAO C/O HEXCEL CORPORATION, 281 TRESSER BOULEVARD, STAMFORD CT 06901
Christopher Rossi director C/O KENNAMETAL INC., 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219
Matthew Fearon officer: President Terex AWP C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880