Ulta Beauty (Ulta Beauty) EBIT : $1,687 Mil (TTM As of Jan. 2024)

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What is Ulta Beauty EBIT?

Ulta Beauty's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $520 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $1,687 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ulta Beauty's annualized ROC % for the quarter that ended in Jan. 2024 was 37.22%. Ulta Beauty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 55.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ulta Beauty's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 8.05%.

Ulta Beauty EBIT Historical Data

The historical data trend for Ulta Beauty'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.

Ulta Beauty EBIT Chart

Ulta Beauty Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

EBIT

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920.35

366.14

1,307.01

1,649.21

1,686.54

Ulta Beauty 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															449.80	442.73	392.92	330.69	520.20

Competitive Comparison of Ulta Beauty's EBIT

For the Specialty Retail subindustry, Ulta Beauty'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.

Ulta Beauty's EV-to-EBIT Distribution in the Retail - Cyclical Industry

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

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

Ulta Beauty 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 $1,687 Mil.

Ulta Beauty (NAS:ULTA) EBIT Explanation

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

Ulta Beauty'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 )
=	2080.816 * ( 1 - 24.22% )	/	( (4470.381	+	4002.638)	/ 2 )
=	1576.8423648	/	4236.5095
=	37.22 %

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	))
=	5595.008	-	1002.816	-	( 121.811	-	max(0, 1836.939	-	2792.04	+	121.811	))
=	4470.381

	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	))
=	5707.011	-	937.779	-	( 766.594	-	max(0, 1658.191	-	2836.518	+	766.594	))
=	4002.638

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

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

Ulta Beauty'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 )
=	2080.816	/	( ( (2696.19 + max(1316.476, 0))	+	(2756.865 + max(695.554, 0)) )	/	2 )
=	2080.816	/	( ( 4012.666	+	3452.419 )	/	2 )
=	2080.816	/	3732.5425
=	55.75 %

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)
=	(202.868	+	2321.306	+	146.055)	-	(1002.816	+	350.937	+	2.2737367544323E-13)
=	1316.476

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(207.939	+	1742.136	+	119.849)	-	(937.779	+	436.591	+	2.2737367544323E-13)
=	695.554

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2024 )
	=	1686.539	/	20957.186
	=	8.05 %

Ulta Beauty EBIT Related Terms

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Ulta Beauty (Ulta Beauty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ulta Beauty Inc (NAS:ULTA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ULTA:Mexico 34U:Germany 34U:Germany 34U:Germany U1LT34:Brazil

Address

1000 Remington Boulevard, Suite 120, Bolingbrook, IL, USA, 60440

Website

https://www.ulta.com

With 1,355 stores at the end of fiscal 2022 and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the U.S. The firm offers makeup (42% of 2022 sales), fragrances, skin care, and hair care products (21% of 2022 sales), and bath and body items. Ulta offers private-label products and merchandise from more than 500 vendors. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.

Executives

Lorna Nagler	director	2400 XENIUM LANE NORTH, PLYMOUTH MN 55441
Jodi J Caro	officer: GC and Corporate Secretary	130 EAST RANDOLPH STREET, CHICAGO IL 60601
Catherine Ann Halligan	director	243 CASELLI AVENUE, SAN FRANCISCO CA 94114
Mrkonic George R Jr	director	C/O BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108
Kelly E Garcia	director	30 FRANK LLOYD WRIGH DR, ANN ARBOR MI 48105
Heidi G Petz	director	101 W. PROSPECT AVENUE, CLEVELAND OH 44115
Gisel Ruiz	director	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Mike C. Smith	director	STITCH FIX, INC., ONE MONTGOMERY STREET, SUITE 1500, SAN FRANCISCO CA 94104
Michael R Macdonald	director	810 DSW DRIVE, COLUMBUS OH 43219
Patricia A Little	director	999 W BIG BEAVER ROAD, TROY MI 48084
Michelle L Collins	director	C/O MOLEX INCORPORATED, 2222 WELLINGTON COURT, LISLE IL 60503
Anita Jane Ryan	officer: Chief Human Resources Officer	1000 REMINGTON BLVD., SUITE 120, BOLINGBROOK IL 60440
David C Kimbell	director, officer: Chief Executive Officer	8410 W. BRYN MAWR, CHICAGO IL 60631
Scott M Settersten	officer: Chief Financial Officer	1000 REMINGTON BLVD., SUITE 120, BOLINGBROOK IL 60440
Kecia Steelman	officer: Chief Operating Officer	1000 REMINGTON BLVD SUITE 120, BOLINGBROOK IL 60440