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Graco EBIT

: $399 Mil (TTM As of Mar. 2020)
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Graco's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2020 was $85 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2020 was $399 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Graco's annualized ROC % for the quarter that ended in Mar. 2020 was 24.43%. Graco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2020 was 49.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Graco's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2020 was 4.73%.

Graco 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.

Graco Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 492.36 114.25 363.30 425.15 418.99

Graco Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 104.26 111.24 100.43 103.06 84.59

Graco 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. 2020 was 111.242 (Jun. 2019 ) + 100.427 (Sep. 2019 ) + 103.06 (Dec. 2019 ) + 84.589 (Mar. 2020 ) = $399 Mil.

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

Graco  (NYSE:GGG) EBIT Explanation

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

Graco's annualized ROC % for the quarter that ended in Mar. 2020 is calculated as:

ROC % (Q: Mar. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2019 ) + Invested Capital (Q: Mar. 2020 ))/ count )
=359.248 * ( 1 - 11.31% )/( (1285.411 + 1322.948)/ 2 )
=318.6170512/1304.1795
=24.43 %

where

Invested Capital(Q: Dec. 2019 )
=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))
=1692.21 - 185.826 - ( 220.973 - max(0, 285.322 - 791.468+220.973))
=1285.411

Invested Capital(Q: Mar. 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))
=1947.34 - 167.736 - ( 456.656 - max(0, 311.763 - 1048.772+456.656))
=1322.948

Note: The Operating Income data used here is four times the quarterly (Mar. 2020) data.

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

Graco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2019  Q: Mar. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=338.356/( ( (355.437 + max(300.595, 0)) + (362.556 + max(335.211, 0)) )/ 2 )
=338.356/( ( 656.032 + 697.767 )/ 2 )
=338.356/676.8995
=49.99 %

where Working Capital is:

Working Capital(Q: Dec. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(267.345 + 273.233 + 29.917) - (185.826 + 33.138 + 50.936)
=300.595

Working Capital(Q: Mar. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(273.789 + 289.567 + 28.76) - (167.736 + 42.515 + 46.654)
=335.211

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2020) EBIT data.

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

Graco's Earnings Yield (Joel Greenblatt) %for the quarter that ended in Mar. 2020 is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2020 )
=399.318/8434.25666
=4.73 %

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

Graco EBIT Related Terms

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