Winmark EBIT

: $52.12 Mil (TTM As of Mar. 2022)

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Winmark's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2022 was $13.44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2022 was $52.12 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Winmark's annualized ROC % for the quarter that ended in Mar. 2022 was 258.66%. Winmark's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 1,099.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Winmark's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 7.06%.

Winmark EBIT Historical Data

The historical data trend for Winmark'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.

Winmark Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

38.82

41.76

43.20

40.26

51.34

Winmark Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
EBIT																12.66	11.98	13.79	12.91	13.44

Winmark 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $52.12 Mil.

Winmark (NAS:WINA) EBIT Explanation

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

Winmark's annualized ROC % for the quarter that ended in Mar. 2022 is calculated as:

	ROC % (Q: Mar. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Mar. 2022 ))	/ count )
=	53.752 * ( 1 - 23.77% )	/	( (16.431	+	15.252)	/ 2 )
=	40.9751496	/	15.8415
=	258.66 %

where

	Invested Capital		(Q: Dec. 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	))
=	26.899	-	3.014	-	( 14.298	-	max(0, 9.978	-	17.432	+	14.298	))
=	16.431

	Invested Capital		(Q: Mar. 2022 )
=	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	))
=	15.271	-	6.786	-	( 2.881	-	max(0, 12.653	-	5.886	+	2.881	))
=	15.252

Note: The Operating Income data used here is four times the quarterly (Mar. 2022) data.

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

Winmark's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Mar. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	53.752	/	( ( (4.959 + max(-4.353, 0))	+	(4.818 + max(-5.415, 0)) )	/	2 )
=	53.752	/	( ( 4.959	+	4.818 )	/	2 )
=	53.752	/	4.8885
=	1,099.56 %

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.029	+	0.325	+	1.038)	-	(3.014	+	1.645	+	1.086)
=	-4.353

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.473	+	0.492	+	1.04)	-	(6.786	+	1.634	+	1.7763568394003E-15)
=	-5.415

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2022 )
	=	52.122	/	738.682
	=	7.06 %

Winmark EBIT Related Terms

Thank you for viewing the detailed overview of Winmark's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Winmark Business Description

Industry

Consumer Cyclical » Retail - Cyclical NAICS : 533110 SIC : 5999

Comparable Companies

NAS:FLWS NYSE:HZO NAS:BBBY NAS:EVGO NAS:TA NYSE:AAN NAS:SPWH NAS:BWMX NAS:LE NYSE:TCS SHSE:601888 TSX:ATD NYSE:AZO NAS:ORLY NAS:TSCO NAS:ULTA NYSE:GPC NYSE:BBY ADX:ADNOCDIST NYSE:AAP

Traded in Other Exchanges

N/A

Address

605 Highway 169 North, Suite 400, Minneapolis, MN, USA, 55441

Website

http://www.winmarkcorporation.com

Winmark Corp is a franchisor of value-oriented retail store concepts that buy, sell and trade gently used the merchandise. The company's reportable segments include Franchising and Leasing. The franchising segment franchises value-oriented retail store that buys, sells, trade and consign merchandise as well as provide strategic consulting services relating to franchising. The leasing segment includes middle-market equipment leasing business and small-ticket financing business. It generates a majority of its revenue from the Franchising segment.

Executives

Mackenzie Kirk A	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Wilson Mark L	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Gaudette Renae M.	officer: President of Franchising	605 HIGHWAY 169 N, SUITE 400 MINNEAPOLIS MN 55441
Heffes Brett D	director, officer: Chairman and CEO	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Ishaug Anthony D	officer: Chief Financial Officer	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Barbetta Lawrence A	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Reyelts Paul C	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Grassle Jenele C	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Goff Leah A	officer: VP of Human Resources	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Olson Ronald G	10 percent owner	GROWN BIZ INTERNATIONAL INC 4200 DAHLBERG DRIVE MINNEAPOLIS MN 55422-4837
Morgan John L	director, 10 percent owner, officer: Executive Chairman	605 HIGHWAY 169 SUITE 400 MINNEAPOLIS MN 55441
Murphy Steven	officer: President of Franchising	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Zola Steven C	director, officer: President, Winmark Capital	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Bradshaw James Shel	10 percent owner	12600 HILL COUNTRY BLVD SUITE R-230 AUSTIN TX 78738
Bares Brian Timothy	10 percent owner	12600 HILL COUNTRY BLVD SUITE R-230 AUSTIN TX 78738

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Winmark EBIT

Winmark EBIT Historical Data

Winmark EBIT Calculation

Winmark EBIT Related Terms

Winmark Business Description

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