Grainger (LSE:GRI) EBIT : £24.2 Mil (TTM As of Mar. 2024)

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What is Grainger EBIT?

Grainger's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was £-13.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was £24.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grainger's annualized ROC % for the quarter that ended in Mar. 2024 was 2.36%. Grainger's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -8.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grainger's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.72%.

Grainger EBIT Historical Data

The historical data trend for Grainger'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.

Grainger EBIT Chart

Grainger Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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160.90

130.70

183.70

329.70

58.20

Grainger Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
EBIT	Get a 7-Day Free Trial															115.80	213.90	20.30	37.90	-13.70

Competitive Comparison of Grainger's EBIT

For the Real Estate Services subindustry, Grainger'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.

Grainger's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Grainger's EV-to-EBIT distribution charts can be found below:

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

Grainger 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 semi-annually data reported by the company within the most recent 12 months, which was £24.2 Mil.

Grainger (LSE:GRI) EBIT Explanation

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

Grainger'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: Sep. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	119.4 * ( 1 - 29.49% )	/	( (3571.1	+	3563.8)	/ 2 )
=	84.18894	/	3567.45
=	2.36 %

where

	Invested Capital		(Q: Sep. 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	))
=	3722.3	-	30.2	-	( 121	-	max(0, 129.9	-	592.5	+	121	))
=	3571.1

	Invested Capital		(Q: Mar. 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	))
=	3672	-	42.4	-	( 65.8	-	max(0, 138.7	-	529	+	65.8	))
=	3563.8

Note: The Operating Income data used here is two times the semi-annual (Mar. 2024) data.

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

Grainger'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: Sep. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-27.4	/	( ( (8.6 + max(323.9, 0))	+	(10.8 + max(297.4, 0)) )	/	2 )
=	-27.4	/	( ( 332.5	+	308.2 )	/	2 )
=	-27.4	/	320.35
=	-8.55 %

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)
=	(1.5	+	392.2	+	59.9)	-	(30.2	+	0	+	99.5)
=	323.9

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.3	+	386	+	47.3)	-	(42.4	+	0	+	95.8)
=	297.4

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	24.2	/	3339.421
	=	0.72 %

Grainger EBIT Related Terms

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Grainger (LSE:GRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grainger PLC (LSE:GRI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GRGTF:USA GRIl:UK 1U4:Germany

Address

St James' Boulevard, Citygate, Newcastle upon Tyne, GBR, NE1 4JE

Website

https://www.graingerplc.co.uk

Grainger PLC owns, leases, and manages residential properties. The company derives the vast majority of its revenue through property sales and rental income. The business categorizes its operations into U.K. residential, retirement solutions, fund and third-party management, the U.K. and European development, German residential, and other. U.K. Residential represents the bulk of the group's revenue, with retirement solutions and the U.K and European development also contributing a substantial portion. The company also offers residential fund- and asset management services. The two segments for the company are PRS and Reversionary.