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Texas Roadhouse (Texas Roadhouse) EBIT

: $360 Mil (TTM As of Dec. 2023)
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Texas Roadhouse's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $84 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $360 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Texas Roadhouse's annualized ROC % for the quarter that ended in Dec. 2023 was 11.01%. Texas Roadhouse's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Texas Roadhouse's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.35%.


Texas Roadhouse EBIT Historical Data

The historical data trend for Texas Roadhouse'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.

Texas Roadhouse Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 211.12 23.34 297.93 321.80 354.26

Texas Roadhouse Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT 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 Premium Member Only Premium Member Only Premium Member Only 69.38 101.00 101.16 73.86 83.92

Competitive Comparison

For the Restaurants subindustry, Texas Roadhouse'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.


Texas Roadhouse EV-to-EBIT Distribution

For the Restaurants industry and Consumer Cyclical sector, Texas Roadhouse's EV-to-EBIT distribution charts can be found below:

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



Texas Roadhouse 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $360 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.


Texas Roadhouse  (NAS:TXRH) EBIT Explanation

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

Texas Roadhouse's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=335.668 * ( 1 - 10.9% )/( (2593.353 + 2838.226)/ 2 )
=299.080188/2715.7895
=11.01 %

where

Invested Capital(Q: Sep. 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))
=2546.337 - 332.924 - ( 69.324 - max(0, 561.426 - 181.486+69.324))
=2593.353

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))
=2793.376 - 344.11 - ( 104.246 - max(0, 745.434 - 356.474+104.246))
=2838.226

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Texas Roadhouse's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=335.668/( ( (2104.234 + max(-422.078, 0)) + (2159.356 + max(-465.795, 0)) )/ 2 )
=335.668/( ( 2104.234 + 2159.356 )/ 2 )
=335.668/2131.795
=15.75 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(48.967 + 36.589 + 26.606) - (332.924 + 201.316 + 1.1368683772162E-13)
=-422.078

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(175.474 + 38.32 + 38.434) - (344.11 + 373.913 + 0)
=-465.795

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Texas Roadhouse's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=359.935/10741.185
=3.35 %

* 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.


Texas Roadhouse EBIT Related Terms

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Texas Roadhouse (Texas Roadhouse) Business Description

Traded in Other Exchanges
Address
6040 Dutchmans Lane, Louisville, KY, USA, 40205
Texas Roadhouse Inc is a restaurant company operating predominately in the casual dining segment. The company's operating segment includes Texas Roadhouse; Bubba's 33 and others. It generates maximum revenue from the Texas Roadhouse segment.
Executives
Christopher C. Colson officer: General Counsel 6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Gerald L. Morgan officer: President 6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Gregory N Moore director 6040 DUTCHMANS LANE, SUITE 200, LOUISVILLE KY 40205
Wayne L. Jones director 7755 CENTER AVENUE, SUITE 300, HUNTINGTON BEACH CA 92647
David Christopher Monroe officer: Chief Financial Officer 6040 DUTCHMANS LANE, LOUISVILLE KY 40205
S. Chris Jacobsen officer: Chief Marketing Officer 6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Kathy Widmer director C/O ELIZABETH ARDEN, INC., 2400 S.W. 145 AVENUE, MIRAMAR FL 33027
Regina A. Tobin officer: Chief Learning & Culture Offcr 6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Hernan E. Mujica officer: Chief Information Officer 6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Keith Humpich officer: Interim Chief Financial Offcr. 6040 DUTCHMANS LANE, LOUISIVILLE KY 40205
James R Zarley director 4360 PARK TERRACE, SUITE 100, WESTLAKE VILLAGE CA 91361
Tonya Robinson officer: CFO 6040 DUTCHMANS LANE, SUITE 400, LOUISVILLE KY 40205
Curtis Warfield director 6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Donna E Epps director 11465 JOHNS CREEK PARKWAY, SUITE400, JOHNS CREEK GA 30097
Wayne Kent Taylor director, 10 percent owner, officer: Chairman of Company & Board 6040 DUTCHMANS LANE, SUITE 200, LOUISVILLE KY 40205