The Toro Co (The Toro Co) EBIT : $410 Mil (TTM As of Jan. 2024)

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What is The Toro Co EBIT?

The Toro Co's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $96 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $410 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Toro Co's annualized ROC % for the quarter that ended in Jan. 2024 was 10.78%. The Toro Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 25.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Toro Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 4.01%.

The Toro Co EBIT Historical Data

The historical data trend for The Toro Co'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.

The Toro Co EBIT Chart

The Toro Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

EBIT

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350.97

440.23

528.50

588.20

459.20

The Toro Co 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															145.40	225.53	-13.58	101.81	96.30

Competitive Comparison of The Toro Co's EBIT

For the Tools & Accessories subindustry, The Toro Co'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.

The Toro Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The Toro Co's EV-to-EBIT distribution charts can be found below:

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

The Toro Co 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 $410 Mil.

The Toro Co (NYSE:TTC) EBIT Explanation

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

The Toro Co'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 )
=	354.4 * ( 1 - 18.98% )	/	( (2620.8	+	2706.3)	/ 2 )
=	287.13488	/	2663.55
=	10.78 %

where

	Invested Capital		(Q: Oct. 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	))
=	3644.3	-	830.4	-	( 193.1	-	max(0, 948.6	-	1798.8	+	193.1	))
=	2620.8

	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	))
=	3801.1	-	896.3	-	( 198.5	-	max(0, 921.9	-	1966.5	+	198.5	))
=	2706.3

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

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

The Toro Co'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 )
=	385.2	/	( ( (767 + max(618.7, 0))	+	(761 + max(871.7, 0)) )	/	2 )
=	385.2	/	( ( 1385.7	+	1632.7 )	/	2 )
=	385.2	/	1509.2
=	25.52 %

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)
=	(349.5	+	1087.8	+	110.5)	-	(830.4	+	0	+	98.7)
=	618.7

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(489.1	+	1177.1	+	101.8)	-	(896.3	+	0	+	0)
=	871.7

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:

The Toro Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2024 )
	=	410.062	/	10219.573
	=	4.01 %

The Toro Co EBIT Related Terms

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The Toro Co (The Toro Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Toro Co (NYSE:TTC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TO2:Germany

Address

8111 Lyndale Avenue South, Bloomington, MN, USA, 55420-1196

Website

https://www.thetorocompany.com

The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.

Executives

Gregory S Janey	officer: VP, RLC	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Janet Katherine Cooper	director	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Kurt D Svendsen	officer: VP, Information Services	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Kevin N Carpenter	officer: VP, Global Ops & Supply Chain	8111 LYNDALE AVE S, BLOOMINGTON MN 55420
Edric C Funk	officer: Group VP, Golf, Grounds & Irr	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Jason P Baab	officer: VP, Strategy, Corp Dev & Sust	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Daryn A Walters	officer: VP, Exmark	8111 LYNDALE AVE S, BLOOMINGTON MN 55420
Joanna M. Totsky	officer: VP, GC & Corp Secretary	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Richard W Rodier	officer: Section 16	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Gary Lee Ellis	director	THE TORO COMPANY, 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Jody M Christy	officer: Vice President, BOSS	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Renee J Peterson	officer: VP, Finance & CFO	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Blake M Grams	officer: mging dir., corp. controller	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Richard M Olson	officer: VP, Exmark	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Amy E Dahl	officer: VP, Human Resources	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420