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Eagle Materials EBIT

: USD 107 Mil (TTM As of Mar. 2019)
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Eagle Materials's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2019 was USD -164 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2019 was USD 107 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Eagle Materials's annualized ROC % for the quarter that ended in Mar. 2019 was 7.07%. Eagle Materials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2019 was -36.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Eagle Materials's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2019 was 2.37%.


Eagle Materials EBIT Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Eagle Materials Annual Data

Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 267.70 235.14 316.11 298.40 107.06

Eagle Materials Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 54.47 91.36 98.45 81.54 -164.29

Eagle Materials 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. 2019 was 91.363 (Jun. 2018 ) + 98.453 (Sep. 2018 ) + 81.54 (Dec. 2018 ) + -164.292 (Mar. 2019 ) = USD 107 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Eagle Materials  (NYSE:EXP) EBIT Explanation

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

Eagle Materials's annualized ROC % for the quarter that ended in Mar. 2019 is calculated as:

ROC %(Q: Mar. 2019 )
=NOPAT/Average Invested Capital
=Operating Income*(1-Tax Rate)/( (Invested Capital (Q: Dec. 2018 ) + Invested Capital (Q: Mar. 2019 ))/2)
=186.176 * ( 1 - 25.52% )/( (2029.701 + 1892.478)/2)
=138.6638848/1961.0895
=7.07 %

where

Invested Capital(Q: Dec. 2018 )
=Book Value of Debt + Book Value of Equity - Cash
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation + Total Stockholders Equity - Cash
=589.924 + 36.5 + 1420.337 - 17.06
=2029.701

Invested Capital(Q: Mar. 2019 )
=Book Value of Debt + Book Value of Equity - Cash
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation + Total Stockholders Equity - Cash
=655.092 + 36.5 + 1209.487 - 8.601
=1892.478

Note: The Operating Income data used here is four times the quarterly (Mar. 2019) operating income data.

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

Eagle Materials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2019 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2018  Q: Mar. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/2 )
=-657.168/( ( (1627.152 + max(247.567, 0)) + (1426.939 + max(270.707, 0)) )/2 )
=-657.168/( ( 1874.719 + 1697.646 )/2 )
=-657.168/1786.1825
=-36.79 %

where Working Capital is:

Working Capital(Q: Dec. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(133.873 + 251.26 + 6.966) - (144.532 + 0 + 0)
=247.567

Working Capital(Q: Mar. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(128.722 + 275.194 + 9.624) - (142.833 + 0 + 0)
=270.707

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2019) EBIT data.

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

Eagle Materials's Earnings Yield (Joel Greenblatt) %for the quarter that ended in Mar. 2019 is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2019 )
=107.064/4520.327
=2.37 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Eagle Materials EBIT Explanation


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