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Ternium Argentina (BUE:TXAR) EBIT : ARS492,846 Mil (TTM As of Mar. 2024)


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What is Ternium Argentina EBIT?

Ternium Argentina's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ARS160,605 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ARS492,846 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ternium Argentina's annualized ROC % for the quarter that ended in Mar. 2024 was 13.60%. Ternium Argentina's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 76.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ternium Argentina's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 16.77%.


Ternium Argentina EBIT Historical Data

The historical data trend for Ternium Argentina'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.

Ternium Argentina EBIT Chart

Ternium Argentina Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14,673.03 27,063.00 164,211.00 123,619.00 397,753.00

Ternium Argentina 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 65,512.00 71,595.00 69,729.00 190,917.00 160,605.00

Competitive Comparison of Ternium Argentina's EBIT

For the Steel subindustry, Ternium Argentina'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.


Ternium Argentina's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ternium Argentina's EV-to-EBIT distribution charts can be found below:

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



Ternium Argentina 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 ARS492,846 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.


Ternium Argentina  (BUE:TXAR) EBIT Explanation

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

Ternium Argentina'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 )
=298524 * ( 1 - -38.03% )/( (2809133 + 3249076)/ 2 )
=412052.6772/3029104.5
=13.60 %

where

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))
=4773282 - 442680 - ( 1081526 - max(0, 555261 - 1786031+1081526))
=3249076

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

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

Ternium Argentina'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 )
=642420/( ( (673468 + max(113962, 0)) + (768083 + max(128158, 0)) )/ 2 )
=642420/( ( 787430 + 896241 )/ 2 )
=642420/841835.5
=76.31 %

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)
=(83160 + 435403 + 18117) - (420667 + 0 + 2051)
=113962

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(75433 + 532578 + 0) - (442680 + 0 + 37173)
=128158

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=492846/2939176.689
=16.77 %

* 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.


Ternium Argentina EBIT Related Terms

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Ternium Argentina (BUE:TXAR) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Leandro N. Alem 1067, Building AAF, Buenos Aires, ARG, C1001
Ternium Argentina SA manufactures and processes a broad range of steel products. Its products include hot and cold rolled, hot-dip galvanized & electro-galvanized and pre-painted steel sheets and tinplate. Geographically the group is based in Argentina.

Ternium Argentina (BUE:TXAR) Headlines

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