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MSC Industrial Direct Co EBIT

: $369 Mil (TTM As of Feb. 2020)
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MSC Industrial Direct Co's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2020 was $78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2020 was $369 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MSC Industrial Direct Co's annualized ROC % for the quarter that ended in Feb. 2020 was 11.25%. MSC Industrial Direct Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2020 was 24.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MSC Industrial Direct Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2020 was 8.93%.


MSC Industrial Direct Co 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.

MSC Industrial Direct Co Annual Data
Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 379.48 377.54 380.36 420.65 400.02

MSC Industrial Direct Co Quarterly Data
May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20
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 95.91 110.58 90.36 90.43 77.67

MSC Industrial Direct Co 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 Feb. 2020 was 110.584 (May. 2019 ) + 90.363 (Aug. 2019 ) + 90.429 (Nov. 2019 ) + 77.668 (Feb. 2020 ) = $369 Mil.

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


MSC Industrial Direct Co  (NYSE:MSM) EBIT Explanation

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

MSC Industrial Direct Co's annualized ROC % for the quarter that ended in Feb. 2020 is calculated as:

ROC % (Q: Feb. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2019 ) + Invested Capital (Q: Feb. 2020 ))/ count )
=310.68 * ( 1 - 25.1% )/( (2068.075 + 2069.555)/ 2 )
=232.69932/2068.815
=11.25 %

where

Invested Capital(Q: Nov. 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))
=2339.765 - 243.912 - ( 27.778 - max(0, 403.828 - 1170.82+27.778))
=2068.075

Invested Capital(Q: Feb. 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))
=2377.033 - 262.611 - ( 44.867 - max(0, 694.558 - 1212.547+44.867))
=2069.555

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

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

MSC Industrial Direct Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2019  Q: Feb. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=310.672/( ( (371.702 + max(899.13, 0)) + (371.331 + max(905.069, 0)) )/ 2 )
=310.672/( ( 1270.832 + 1276.4 )/ 2 )
=310.672/1273.616
=24.39 %

where Working Capital is:

Working Capital(Q: Nov. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(536.878 + 539.433 + 66.731) - (243.912 + 0 + 0)
=899.13

Working Capital(Q: Feb. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(536.902 + 556.402 + 74.376) - (262.611 + 0 + 0)
=905.069

When net working capital is negative, 0 is used.

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

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

MSC Industrial Direct Co's Earnings Yield (Joel Greenblatt) %for the quarter that ended in Feb. 2020 is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2020 )
=369.044/4134.63434
=8.93 %

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


MSC Industrial Direct Co EBIT Related Terms


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