America's Car-Mart (America's Car-Mart) EBIT : $22 Mil (TTM As of Jan. 2024)

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What is America's Car-Mart EBIT?

America's Car-Mart's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $22 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. America's Car-Mart's annualized ROC % for the quarter that ended in Jan. 2024 was 1.49%. America's Car-Mart's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 2.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. America's Car-Mart's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 1.88%.

America's Car-Mart EBIT Historical Data

The historical data trend for America's Car-Mart'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.

America's Car-Mart EBIT Chart

America's Car-Mart Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

EBIT

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67.73

72.40

142.15

133.55

64.11

America's Car-Mart Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
EBIT	Get a 7-Day Free Trial															11.52	15.11	19.49	-19.01	6.39

Competitive Comparison of America's Car-Mart's EBIT

For the Auto & Truck Dealerships subindustry, America's Car-Mart'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.

America's Car-Mart's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, America's Car-Mart's EV-to-EBIT distribution charts can be found below:

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

America's Car-Mart 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $22 Mil.

America's Car-Mart (NAS:CRMT) EBIT Explanation

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

America's Car-Mart's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

	ROC % (Q: Jan. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2023 )	+	Invested Capital (Q: Jan. 2024 ))	/ count )
=	26.032 * ( 1 - 17.4% )	/	( (1450.947	+	1426.366)	/ 2 )
=	21.502432	/	1438.6565
=	1.49 %

where

	Invested Capital		(Q: Oct. 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	))
=	1487.149	-	31.889	-	( 4.313	-	max(0, 323.215	-	1324.34	+	4.313	))
=	1450.947

	Invested Capital		(Q: Jan. 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	))
=	1466.947	-	36.342	-	( 4.239	-	max(0, 210.129	-	1297.858	+	4.239	))
=	1426.366

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

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

America's Car-Mart's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jan. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2023		Q: Jan. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	25.556	/	( ( (120.699 + max(1158.209, 0))	+	(123.799 + max(1137.389, 0)) )	/	2 )
=	25.556	/	( ( 1278.908	+	1261.188 )	/	2 )
=	25.556	/	1270.048
=	2.01 %

where Working Capital is:

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1111.889	+	113.846	+	90.18)	-	(31.889	+	125.817	+	0)
=	1158.209

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1092.481	+	109.313	+	90.35)	-	(36.342	+	118.413	+	-2.8421709430404E-14)
=	1137.389

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

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

America's Car-Mart's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2024 )
	=	21.979	/	1171.998
	=	1.88 %

America's Car-Mart EBIT Related Terms

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America's Car-Mart (America's Car-Mart) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » America's Car-Mart Inc (NAS:CRMT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1805 North 2nd Street, Suite 401, Rogers, AR, USA, 72756

Website

https://www.car-mart.com

America's Car-Mart Inc is an automotive retailer in us focused exclusively on the Integrated Auto Sales and Finance segment of the used car market. The Company's operations are principally conducted through its two operating subsidiaries, America's Car Mart Inc and Colonial Auto Finance. It primarily sells older model used vehicles and provides financing for substantially all of its customers. The Company earns revenue from the sale of used vehicles and in most cases a related service contract and an accident protection plan product, as well as interest income and late fees from the related financing.

Executives

Magnolia Capital Fund, Lp	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Campbell Douglas W. Jr.	officer: President	C/O AMERICA'S CAR-MART, INC., 1805 NORTH 2ND STREET, SUITE 401, ROGERS AR 72756
Joshua G Welch	director	C/O VICUNA ADVISORS LLC, PO BOX 427, STONINGTON CT 06378
Julia K. Davis	director	C/O AMERICA'S CAR-MART, INC., 1805 NORTH 2ND STREET, SUITE 401, ROGERS AR 72756
Leonard L. Walthall	officer: Chief Operating Officer	1805 N. 2ND STREET, SUITE 401, ROGERS AR 72756
Dawn C Morris	director	255 E. FIFTH STREET, CINCINNATI OH 45202
William H Henderson	director, officer: President and CEO	C/O AMERICA'S CARMART, 1805 NORTH 2ND STREET, SUITE 401, ROGERS AR 72756
Gremp Jim Von	director	C/O AMERICA'S CAR-MART, INC., 802 SE PLAZA AVE, SUITE 200, BENTONVILLE AR 72712
Ann G. Bordelon	director	C/O AMERICA'S CAR-MART, INC., 1805 N. 2ND STREET, SUITE 401, ROGERS AR 72756
Daniel J Englander	director	C/O AMERICA'S CARMART, 802 SOUTHEAST PLAZA AVE #200, BENTONVILLE AR 72712
Ray C Dillon	director	C/O AMERICA'S CAR-MART, INC., 1805 N. 2ND STREET, SUITE 401, ROGERS AR 72756
Robert Cameron Smith	director	802 SOUTHEAST PLAZA AVENUE, SUITE 200, BENTONVILLE AR 72712
Vickie D. Judy	officer: Principal Accounting Officer	C/O AMERICA'S CAR-MART, INC., 1805 N. 2ND STREET, SUITE 401, ROGERS AR 72756
Eddie L Hight	officer: Chief Operating Officer	C/O AMERICA'S CARMART, 802 SOUTHEAST PLAZA AVE, #200, BENTONVILLE AR 72712
Adam K Peterson	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102