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Finish Line's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2018 was $39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2018 was $46 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Finish Line's annualized ROC % for the quarter that ended in Feb. 2018 was 51.58%. Finish Line's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2018 was 47.28%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Finish Line's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2018 was 8.33%.
The historical data trend for Finish Line'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.
Finish Line Annual Data | |||||||||||||||||||||
Trend | Feb09 | Feb10 | Feb11 | Feb12 | Feb13 | Feb14 | Feb15 | Feb16 | Feb17 | Feb18 | |||||||||||
EBIT | Get a 7-Day Free Trial | 122.87 | 136.34 | 86.19 | 67.51 | 45.61 |
Finish Line Quarterly Data | ||||||||||||||||||||
May13 | Aug13 | Nov13 | Feb14 | May14 | Aug14 | Nov14 | Feb15 | May15 | Aug15 | Nov15 | Feb16 | May16 | Aug16 | Nov16 | Feb17 | May17 | Aug17 | Nov17 | Feb18 | |
EBIT | Get a 7-Day Free Trial | 33.45 | 15.02 | 8.56 | -17.29 | 39.33 |
For the Specialty Retail subindustry, Finish Line'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.
For the Retail - Cyclical industry and Consumer Cyclical sector, Finish Line's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Finish Line's EV-to-EBIT falls into.
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 Feb. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $46 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.
Finish Line (NAS:FINL) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Finish Line's annualized ROC % for the quarter that ended in Feb. 2018 is calculated as:
ROC % (Q: Feb. 2018 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Nov. 2017 ) | + | Invested Capital (Q: Feb. 2018 )) | / count ) |
= | 157.3 * ( 1 - -42.22% ) | / | ( (444.22 | + | 423.161) | / 2 ) |
= | 223.71206 | / | 433.6905 | |||
= | 51.58 % |
where
Invested Capital | (Q: Nov. 2017 ) | |||||||||||
= | 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 | )) |
= | 751.738 | - | 230.324 | - | ( 77.194 | - | max(0, 243.233 | - | 511.339 | + | 77.194 | )) |
= | 444.22 |
Invested Capital | (Q: Feb. 2018 ) | |||||||||||
= | 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 | )) |
= | 675.032 | - | 158.486 | - | ( 93.385 | - | max(0, 170.571 | - | 462.138 | + | 93.385 | )) |
= | 423.161 |
Note: The Operating Income data used here is four times the quarterly (Feb. 2018) data.
2. Joel Greenblatt's definition of Return on Capital:
Finish Line's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2018 is calculated as:
ROC (Joel Greenblatt) % | (Q: Feb. 2018 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Nov. 2017 | Q: Feb. 2018 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 157.3 | / | ( ( (150.942 + max(180.143, 0)) | + | (138.562 + max(195.743, 0)) ) | / | 2 ) |
= | 157.3 | / | ( ( 331.085 | + | 334.305 ) | / | 2 ) |
= | 157.3 | / | 332.695 | ||||
= | 47.28 % |
where Working Capital is:
Working Capital | (Q: Nov. 2017 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (18.919 | + | 392.099 | + | 12.358) | - | (230.324 | + | 0 | + | 12.909) |
= | 180.143 |
Working Capital | (Q: Feb. 2018 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (16.53 | + | 321.742 | + | 28.042) | - | (158.486 | + | 0 | + | 12.085) |
= | 195.743 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Feb. 2018) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Finish Line's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Feb. 2018 ) |
= | 45.613 | / | 547.380 | |
= | 8.33 % |
* 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.
Thank you for viewing the detailed overview of Finish Line's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Torrence Boone | director | 3308 N MITTHOEFFER, INDIANAPOLIS IN 46235 |
Richard P Crystal | director | THE FINISH LINE 3308 N. MITTHOEFFER RD. INDIANAPOLIS IN 46235 |
William P Carmichael | director | 3308 N. MITTHOEFFER ROAD, INDIANAPOLIS IN 46235 |
Imran Jooma | officer: EVP, Div Pres, Omni Strat | 3333 BEVERLY ROAD HOFFMAN ESTATES IL 60179 |
Alan H Cohen | director, 10 percent owner, officer: Chairman of the Board | 3308 MITTHOEFFER RD, C/O THE FINISH LINE INC, INDIANAPOLIS IN 46236 |
Schultze Asset Management, Llc | 10 percent owner | 3000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
George J Schultze | 10 percent owner | C/O SCHULTZE ASSET MANAGEMENT, LLC, 3000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
Kevin S Wampler | officer: Executive Vice President - CFO | 3308 N MITTHOEFFER RD, INDIANAPOLIS IN 46235 |
Jeffrey H Smulyan | director |
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