General Finance (General Finance) EBIT : $52.66 Mil (TTM As of Mar. 2021)

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What is General Finance EBIT?

General Finance's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2021 was $20.18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2021 was $52.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. General Finance's annualized ROC % for the quarter that ended in Mar. 2021 was 6.18%. General Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was 13.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

General Finance EBIT Historical Data

The historical data trend for General Finance'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.

General Finance EBIT Chart

General Finance Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

EBIT

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14.17

18.78

24.21

33.70

41.04

General Finance Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
EBIT	Get a 7-Day Free Trial															1.07	3.06	11.10	18.32	20.18

Competitive Comparison of General Finance's EBIT

For the Rental & Leasing Services subindustry, General Finance'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.

General Finance's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, General Finance's EV-to-EBIT distribution charts can be found below:

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

General Finance 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $52.66 Mil.

General Finance (NAS:GFNCP.PFD) EBIT Explanation

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

General Finance's annualized ROC % for the quarter that ended in Mar. 2021 is calculated as:

	ROC % (Q: Mar. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2020 )	+	Invested Capital (Q: Mar. 2021 ))	/ count )
=	60.444 * ( 1 - 25.24% )	/	( (728.729	+	734.304)	/ 2 )
=	45.1879344	/	731.5165
=	6.18 %

where

	Invested Capital		(Q: Dec. 2020 )
=	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	))
=	783.995	-	43.474	-	( 11.792	-	max(0, 74.504	-	87.96	+	11.792	))
=	728.729

	Invested Capital		(Q: Mar. 2021 )
=	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	))
=	788.764	-	43.758	-	( 10.702	-	max(0, 74.568	-	99.215	+	10.702	))
=	734.304

Note: The Operating Income data used here is four times the quarterly (Mar. 2021) data.

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

General Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2020		Q: Mar. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	80.704	/	( ( (577.615 + max(1.664, 0))	+	(572.335 + max(13.945, 0)) )	/	2 )
=	80.704	/	( ( 579.279	+	586.28 )	/	2 )
=	80.704	/	582.7795
=	13.85 %

where Working Capital is:

	Working Capital		(Q: Dec. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(43.128	+	20.402	+	12.638)	-	(43.474	+	31.03	+	1.4210854715202E-14)
=	1.664

	Working Capital		(Q: Mar. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(40.549	+	33.869	+	14.095)	-	(43.758	+	30.81	+	0)
=	13.945

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2021 )
	=	52.659	/	0.000
	=	%

General Finance EBIT Related Terms

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General Finance (General Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » General Finance Corp (NAS:GFNCP.PFD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 East Union Street, Pasadena, CA, USA, 91103

Website

http://www.generalfinance.com

General Finance Corp is a specialty rental services company. The company offers portable storage, modular space, and liquid containment solutions, with a diverse and expanding lease fleet of 78,605 units. The company serves a diverse range of customers across a broad range of industries, including the commercial, construction, transportation, industrial, energy, manufacturing, mining, retail, education and government sectors. The company is organized geographically across two principal operating segments, North America and Asia-Pacific.