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Gates Industrial EBIT

: $212 Mil (TTM As of Dec. 2020)
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Gates Industrial's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2020 was $83 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2020 was $212 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gates Industrial's annualized ROC % for the quarter that ended in Dec. 2020 was 4.66%. Gates Industrial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was 21.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gates Industrial's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was 2.75%.


Gates Industrial EBIT Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Gates Industrial Annual Data
Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
EBIT Premium Member Only Premium Member Only 309.30 344.10 479.40 340.00 211.80

Gates Industrial Quarterly Data
Dec15 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 62.00 58.10 4.60 65.70 83.40

Gates Industrial 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 Dec. 2020 was 58.1 (Mar. 2020 ) + 4.6 (Jun. 2020 ) + 65.7 (Sep. 2020 ) + 83.4 (Dec. 2020 ) = $212 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.


Gates Industrial  (NYSE:GTES) EBIT Explanation

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

Gates Industrial's annualized ROC % for the quarter that ended in Dec. 2020 is calculated as:

ROC % (Q: Dec. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2020 ) + Invested Capital (Q: Dec. 2020 ))/ count )
=393.2 * ( 1 - 27.29% )/( (6059.8 + 6221.3)/ 2 )
=285.89572/6140.55
=4.66 %

where

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

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

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

ROC (Joel Greenblatt) %(Q: Dec. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2020  Q: Dec. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=333.6/( ( (800 + max(736.7, 0)) + (825.9 + max(673, 0)) )/ 2 )
=333.6/( ( 1536.7 + 1498.9 )/ 2 )
=333.6/1517.8
=21.98 %

where Working Capital is:

Working Capital(Q: Sep. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(710.2 + 486.4 + 143.7) - (603.6 + 0 + 0)
=736.7

Working Capital(Q: Dec. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(695 + 508.2 + 153.4) - (683.6 + 0 + -1.1368683772162E-13)
=673

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2020 )
=211.8/7691.596
=2.75 %

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.


Gates Industrial EBIT Related Terms


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