Market Cap : 10.75 B | Enterprise Value : 10.52 B | PE Ratio : 25.51 | PB Ratio : 6.36 |
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Graco's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2022 was $128 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2022 was $519 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. 2022 was 25.72%. Graco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 56.22%.
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. 2022 was 4.93%.
The historical data trend for Graco'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.
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 $519 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.
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. 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 ) |
= | 513.452 * ( 1 - 17.96% ) | / | ( (1561.168 | + | 1714.684) | / 2 ) |
= | 421.2360208 | / | 1637.926 | |||
= | 25.72 % |
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 | )) |
= | 2443.198 | - | 257.728 | - | ( 624.302 | - | max(0, 506.792 | - | 1363.621 | + | 624.302 | )) |
= | 1561.168 |
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 | )) |
= | 2319.445 | - | 224.274 | - | ( 380.487 | - | max(0, 402.313 | - | 1197.22 | + | 380.487 | )) |
= | 1714.684 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2022) data.
2. Joel Greenblatt's definition of Return on Capital:
Graco'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 ) |
= | 512.84 | / | ( ( (481.107 + max(360.112, 0)) | + | (519.033 + max(464.029, 0)) ) | / | 2 ) |
= | 512.84 | / | ( ( 841.219 | + | 983.062 ) | / | 2 ) |
= | 512.84 | / | 912.1405 | ||||
= | 56.22 % |
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) |
= | (325.132 | + | 382.301 | + | 31.886) | - | (257.728 | + | 60.554 | + | 60.925) |
= | 360.112 |
Working Capital | (Q: Mar. 2022 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (339.407 | + | 436.741 | + | 40.585) | - | (224.274 | + | 66.668 | + | 61.762) |
= | 464.029 |
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:
Graco's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2022 ) |
= | 518.725 | / | 10517.620 | |
= | 4.93 % |
* 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 Graco's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Zumbolo Brian J | officer: President, Asia Pacific | PO BOX 1441 MINNEAPOLIS MN 55440-1441 |
Gallivan Karen Park | officer: Executive Vice President | P O BOX 1441 MINNEAPOLIS MN 55440-1441 |
Wheeler Kevin J. | director | A. O. SMITH CORPORATION 500 TENNESSEE WALTZ PARKWAY ASHLAND CITY TN 37015 |
Van Sant R William | director | PO BOX 1441 MINNEAPOLIS MN 55440-1441 |
Eugster Jack W | director | PO BOX 1441 MINNEAPOLIS MN 55440-1441 |
Etchart Eric | director | ROOM F, 22F CROSS REGION PLAZA 899 LINGLING ROAD SHANGHAI F4 200030 |
White Emily | director | C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J 1C7 |
Morfitt Martha A M | director | P.O. BOX 1441 MINNEAPOLIS MN 55440-1441 |
Mitau Lee R | director | P O BOX 1441 MINNEAPOLIS MN 55440-1441 |
Feragen Jody H | director | 1 HORMEL PLACE AUSTIN TX 55912 |
Gilligan J Kevin | director | P O BOX 1441 MINNEAPOLIS MN 55440-1441 |
White Timothy R | officer: President, White Knight, QED | 88 11TH AVENUE NE MINNEAPOLIS MN 55413 |
Johnson Dale D | officer: President, Worldwide CED | P.O. BOX 1441 MINNEAPOLIS MN 5440-1441 |
Chambers Caroline M | officer: President, EMEA | PO BOX 1441 MINNEAPOLIS MN 55440-1441 |
Wordell Angela F | officer: EVP, Operations, President ONG | 88 11TH AVENUE NE MINNEAPOLIS MN 55413 |
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