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Advanced Drainage Systems (FRA:6DA) EBIT : €699 Mil (TTM As of Mar. 2024)


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What is Advanced Drainage Systems EBIT?

Advanced Drainage Systems's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €132 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €699 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Advanced Drainage Systems's annualized ROC % for the quarter that ended in Mar. 2024 was 18.72%. Advanced Drainage Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 47.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Advanced Drainage Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.67%.


Advanced Drainage Systems EBIT Historical Data

The historical data trend for Advanced Drainage Systems'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.

Advanced Drainage Systems EBIT Chart

Advanced Drainage Systems Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -87.70 292.26 378.69 679.28 695.17

Advanced Drainage Systems 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 119.53 229.83 192.59 144.92 131.59

Competitive Comparison of Advanced Drainage Systems's EBIT

For the Building Products & Equipment subindustry, Advanced Drainage Systems'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.


Advanced Drainage Systems's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Advanced Drainage Systems's EV-to-EBIT distribution charts can be found below:

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



Advanced Drainage Systems 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 €699 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.


Advanced Drainage Systems  (FRA:6DA) EBIT Explanation

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

Advanced Drainage Systems'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 )
=506.668 * ( 1 - 21.92% )/( (2033.18 + 2193.95)/ 2 )
=395.6063744/2113.565
=18.72 %

where

Invested Capital(Q: Dec. 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))
=2899.516 - 352.134 - ( 514.202 - max(0, 375.168 - 1135.633+514.202))
=2033.18

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

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

Advanced Drainage Systems'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 )
=526.364/( ( (743.583 + max(269.297, 0)) + (806.243 + max(378.018, 0)) )/ 2 )
=526.364/( ( 1012.88 + 1184.261 )/ 2 )
=526.364/1098.5705
=47.91 %

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)
=(220.823 + 371.76 + 28.848) - (352.134 + 0 + 0)
=269.297

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(293.188 + 427.064 + 20.266) - (362.5 + 0 + 0)
=378.018

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:

Advanced Drainage Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=698.933/12322.730
=5.67 %

* 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.


Advanced Drainage Systems EBIT Related Terms

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Advanced Drainage Systems (FRA:6DA) Business Description

Traded in Other Exchanges
Address
4640 Trueman Boulevard, Hilliard, OH, USA, 43026
Advanced Drainage Systems Inc is engaged in designing, manufacturing, and marketing thermoplastic corrugated pipe and related water management products in North and South America, and Europe. The company's operating segment includes Pipe; Infiltrator; International and Allied Products and Other. It generates maximum revenue from the Pipe segment. The company serves Agriculture; Aviation and Military; Mining; Residential; Transportation; Healthcare and Education and others.

Advanced Drainage Systems (FRA:6DA) Headlines

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