Academy Sports and Outdoors (NAS:ASO) EBIT

: $846 Mil (TTM As of Oct. 2022)

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Academy Sports and Outdoors's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2022 was $182 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2022 was $846 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Academy Sports and Outdoors's annualized ROC % for the quarter that ended in Oct. 2022 was 16.38%. Academy Sports and Outdoors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2022 was 39.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Academy Sports and Outdoors's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2022 was 14.34%.

Academy Sports and Outdoors EBIT Historical Data

The historical data trend for Academy Sports and Outdoors'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.

Academy Sports and Outdoors Annual Data

Trend

Jan18

Jan19

Jan20

Jan21

Jan22

EBIT

166.14

132.05

224.17

425.63

908.53

Academy Sports and Outdoors Quarterly Data
	Jan18	Jan19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22
EBIT												216.73	199.28	206.19	258.18	182.06

Academy Sports and Outdoors 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 Oct. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $846 Mil.

Academy Sports and Outdoors (NAS:ASO) EBIT Explanation

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

Academy Sports and Outdoors's annualized ROC % for the quarter that ended in Oct. 2022 is calculated as:

	ROC % (Q: Oct. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2022 )	+	Invested Capital (Q: Oct. 2022 ))	/ count )
=	718.088 * ( 1 - 22.46% )	/	( (3330.734	+	3467.275)	/ 2 )
=	556.8054352	/	3399.0045
=	16.38 %

where

	Invested Capital		(Q: Jul. 2022 )
=	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	))
=	4653.969	-	923.378	-	( 399.857	-	max(0, 1119.627	-	1767.145	+	399.857	))
=	3330.734

	Invested Capital		(Q: Oct. 2022 )
=	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	))
=	4782.464	-	997.022	-	( 318.167	-	max(0, 1191.211	-	1875.633	+	318.167	))
=	3467.275

Note: The Operating Income data used here is four times the quarterly (Oct. 2022) data.

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

Academy Sports and Outdoors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2022		Q: Oct. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	728.24	/	( ( (1437.713 + max(337.703, 0))	+	(1454.536 + max(457.702, 0)) )	/	2 )
=	728.24	/	( ( 1775.416	+	1912.238 )	/	2 )
=	728.24	/	1843.827
=	39.50 %

where Working Capital is:

	Working Capital		(Q: Jul. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14.521	+	1304.556	+	48.211)	-	(923.378	+	73.995	+	32.212)
=	337.703

	Working Capital		(Q: Oct. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.998	+	1495.464	+	46.004)	-	(997.022	+	69.727	+	33.015)
=	457.702

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2022) EBIT data.

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

Academy Sports and Outdoors's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2022 )
	=	845.702	/	5898.755
	=	14.34 %

Academy Sports and Outdoors EBIT Related Terms

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Academy Sports and Outdoors (NAS:ASO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Academy Sports and Outdoors Inc (NAS:ASO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1800 North Mason Road, Katy, TX, USA, 77449

Website

https://www.academy.com

Academy Sports and Outdoors Inc is engaged in the retail business of sporting goods and outdoor recreation products. The company offers outdoor clothing, backpacks, sunglasses, luggage items, shooting equipment, fishing equipment, boating and water sports equipment, backyard recreation products, outdoor cooking equipment, fitness equipment, electronic items, dog supplies, and other products.

Executives

Turner Christopher Lee	director	1441 GARDINER LANE LOUISVILLE KY 40213
Turney Sharen J	director	THREE LIMITED PARKWAY COLUMBUS OH 43230
Raff Beryl	director	5555 DARROW RD HUDSON OH 44236
Nealon Thomas M	director	6501 LEGACY DRIVE PLANO TX 75024
Harriman Sherry L.	officer: SVP, Logistics & Supply Chain	C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 N MASON ROAD KATY TX 77449
Beck Wendy A.	director	C/O NORWEGIAN CRUISE LINE HOLDINGS LTD. 7665 CORPORATE CENTER DRIVE MIAMI FL 33126
Allstar Llc	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Kkr 2006 Allstar Blocker L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Kkr 2006 Fund (allstar) L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Davis Heather A.	officer: VP, Controller	C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 NORTH MASON ROAD KATY TX 77449
Allstar Co-invest Gp Llc	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Tweedy Jeffrey C.	director	C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 NORTH MASON ROAD KATY TX 77449
Allstar Co-invest Blocker L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Ennis William S.	officer: See Remarks	C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 NORTH MASON ROAD KATY TX 77449
Patel Vishal	director	C/O US FOODS HOLDING CORP. 9399 W. HIGGINS RD. ROSEMONT IL 60018