Fastenal Co (Fastenal Co) EBIT

: $1,531 Mil (TTM As of Mar. 2024)

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Fastenal Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $392 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1,531 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fastenal Co's annualized ROC % for the quarter that ended in Mar. 2024 was 31.42%. Fastenal Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 43.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fastenal Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.94%.

Fastenal Co EBIT Historical Data

The historical data trend for Fastenal Co'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.

Fastenal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,057.60

1,142.40

1,217.50

1,454.30

1,532.80

Fastenal Co 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															393.60	395.50	387.50	356.10	391.80

Competitive Comparison

For the Industrial Distribution subindustry, Fastenal Co'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.

Fastenal Co EV-to-EBIT Distribution

For the Industrial Distribution industry and Industrials sector, Fastenal Co's EV-to-EBIT distribution charts can be found below:

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

Fastenal Co 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 $1,531 Mil.

Fastenal Co (NAS:FAST) EBIT Explanation

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

Fastenal Co'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 )
=	1560.8 * ( 1 - 23.63% )	/	( (3832	+	3755.1)	/ 2 )
=	1191.98296	/	3793.55
=	31.42 %

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	))
=	4462.9	-	409.6	-	( 221.3	-	max(0, 661.3	-	3020.9	+	221.3	))
=	3832

	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	))
=	4532.7	-	540.5	-	( 237.1	-	max(0, 637.9	-	3083.5	+	237.1	))
=	3755.1

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

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

Fastenal Co'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 )
=	1567.2	/	( ( (1281.3 + max(2294.5, 0))	+	(1291.1 + max(2305.9, 0)) )	/	2 )
=	1567.2	/	( ( 3575.8	+	3597 )	/	2 )
=	1567.2	/	3586.4
=	43.70 %

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)
=	(1087.6	+	1522.7	+	189.3)	-	(409.6	+	0	+	95.5)
=	2294.5

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1213.2	+	1496.3	+	136.9)	-	(540.5	+	0	+	0)
=	2305.9

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1530.9	/	38870.351
	=	3.94 %

Fastenal Co EBIT Related Terms

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Fastenal Co (Fastenal Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Fastenal Co (NAS:FAST) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

FAS:Germany FAS:Germany FAS:Germany FASL34:Brazil FAST:Austria

Address

2001 Theurer Boulevard, Winona, MN, USA, 55987-1500

Website

https://www.fastenal.com

Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,700 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.

Executives

John Lewis Soderberg	officer: Executive Vice President	1757 SNOWFLAKE PLACE, ONALASKA WI 54650
Charles S. Miller	officer: Officer-Executive Vice Preside	230 CASCADE DR., PADUCAH KY 42003
Reyne K Wisecup	director
Scott Satterlee	director	8100 MITCHELL RD, STE 200, EDEN PRAIRIE MN 55344
William Joseph Drazkowski	officer: Executive Vice-President	806 OLYMPIC DRIVE, ONALASKA WI 54650
James C Jansen	officer: Executive Vice President	2001 THEURER BLVD, WINONA MN 55987
Daniel L Florness	officer: Exec. V-P and CFO	FASTENAL CO, 2001 THEURER BLVD, WINONA MN 55987
Sheryl Ann Lisowski	officer: Controller/Chief Acct. Officer	155 WILDWOOD DRIVE, WINONA MN 55987
Terry Modock Owen	officer: Executive Vice President	704 DOVE CREEK TRAIL, SOUTHLAKE TX 76092
Anthony Paul Broersma	officer: EVP-Operations	4730 NORTH SERVICE DRIVE, WINONA MN 55987
Michael J Ancius	director	151 COACHLITE COURT NORTH, ONALASKA WI 54650
Irene Ayeley Quarshie	director	5070 ZIRCON LANE NORTH, PLYMOUTH MN 55446
Noelle Joan Oas	officer: Executive VP-Human Resources	2001 THEURER BOULEVARD, WINONA MN 55987
Jeffery Michael Watts	officer: Executive Vice-President	48 LAUREL CR., INGERSOLL A6 N5C-3S4
Sarah N Nielsen	director	31 LIDO ROAD, CLEAR LAKE IA 50428