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Nexeo Solutions's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2018 was $34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2018 was $92 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nexeo Solutions's annualized ROC % for the quarter that ended in Dec. 2018 was 6.13%. Nexeo Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was 16.68%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nexeo Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was 10.31%.
The historical data trend for Nexeo Solutions'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.
Nexeo Solutions Annual Data | |||||||||||
Trend | Dec14 | Dec15 | Sep16 | Sep17 | Sep18 | ||||||
EBIT | - | -0.32 | 7.90 | 76.00 | 98.70 |
Nexeo Solutions Quarterly Data | ||||||||||||||||||||
Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | |
EBIT | Get a 7-Day Free Trial | 40.80 | 17.70 | 40.70 | -0.50 | 33.90 |
For the Chemicals subindustry, Nexeo Solutions'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.
For the Chemicals industry and Basic Materials sector, Nexeo Solutions's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Nexeo Solutions's EV-to-EBIT falls into.
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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $92 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.
Nexeo Solutions (NAS:NXEO) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Nexeo Solutions's annualized ROC % for the quarter that ended in Dec. 2018 is calculated as:
ROC % (Q: Dec. 2018 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2018 ) | + | Invested Capital (Q: Dec. 2018 )) | / count ) |
= | 134.4 * ( 1 - 20.59% ) | / | ( (1719.8 | + | 1760.4) | / 2 ) |
= | 106.72704 | / | 1740.1 | |||
= | 6.13 % |
where
Invested Capital | (Q: Sep. 2018 ) | |||||||||||
= | 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 | )) |
= | 2243.6 | - | 464.9 | - | ( 58.9 | - | max(0, 512.6 | - | 1028.7 | + | 58.9 | )) |
= | 1719.8 |
Invested Capital | (Q: Dec. 2018 ) | |||||||||||
= | 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 | )) |
= | 2179.1 | - | 364.1 | - | ( 54.6 | - | max(0, 413.4 | - | 987.9 | + | 54.6 | )) |
= | 1760.4 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2018) data.
2. Joel Greenblatt's definition of Return on Capital:
Nexeo Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 is calculated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2018 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2018 | Q: Dec. 2018 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 135.6 | / | ( ( (284.9 + max(499, 0)) | + | (279.1 + max(562.8, 0)) ) | / | 2 ) |
= | 135.6 | / | ( ( 783.9 | + | 841.9 ) | / | 2 ) |
= | 135.6 | / | 812.9 | ||||
= | 16.68 % |
where Working Capital is:
Working Capital | (Q: Sep. 2018 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (607.8 | + | 338.8 | + | 17.3) | - | (464.9 | + | 0 | + | 0) |
= | 499 |
Working Capital | (Q: Dec. 2018 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (549.5 | + | 360.5 | + | 16.9) | - | (364.1 | + | 0 | + | -5.6843418860808E-14) |
= | 562.8 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Dec. 2018) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Nexeo Solutions's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2018 ) |
= | 91.8 | / | 890.700 | |
= | 10.31 % |
* 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.
Thank you for viewing the detailed overview of Nexeo Solutions's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
James G Coulter | 10 percent owner, other: Former 10% Owner | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Thomas E Zacharias | director | C/O W P CAREY & CO LLC, 50 ROCKEFELLER PLAZA, NEW YORK NY 10020 |
Brian Herington | officer: Executive VP, Chemicals | 3 WATERWAY SQUARE PLACE, SUITE 1000, THE WOODLANDS TX 77380 |
Steven T Romick | 10 percent owner | 11400 W OLYMPIC BLVD, STE 1200, LOS ANGELES CA 90064 |
Mark Landecker | 10 percent owner | 11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064 |
J Richard Atwood | 10 percent owner | |
Brian A. Selmo | 10 percent owner | 11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064 |
Gabriela Garcia | officer: Controller | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
David A. Bradley | director, officer: President & CEO | 15710 JOHN F. KENNDEY BLVD, SUITE 300, HOUSTON TX 77032 |
Dan F Smith | director | 1221 MCKINNEY STREET, SUITE 700, HOUSTON TX 77010 |
Kenneth Michael Burke | director | 11742 RIVERVIEW DRIVE, HOUSTON TX 77007 |
Ross Crane | officer: EVP & CFO | 3 WATERWAY SQUARE PLACE, SUITE 1000, THE WOODLANDS TX 77380 |
Tpg Advisors Vi, Inc. | other: Former 10% Owner | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Tpg Group Holdings (sbs) Advisors, Inc. | other: Former 10% Owner | C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
David Bonderman | other: Former 10% Owner | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
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