Triton International (Triton International) EBIT : $607 Mil (TTM As of Dec. 2023)

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What is Triton International EBIT?

Triton International's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $136 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $607 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Triton International's annualized ROC % for the quarter that ended in Dec. 2023 was 4.28%. Triton International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Triton International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.79%.

Triton International EBIT Historical Data

The historical data trend for Triton International'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.

* Premium members only.

Triton International EBIT Chart

Triton International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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380.99

388.38

713.07

818.14

606.90

Triton International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															189.55	162.73	158.37	149.66	136.14

Competitive Comparison of Triton International's EBIT

For the Rental & Leasing Services subindustry, Triton International's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Triton International's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Triton International's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Triton International's EV-to-EBIT falls into.

Triton International 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $607 Mil.

Triton International (NYSE:TRTN) EBIT Explanation

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

Triton International's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	544.564 * ( 1 - 12.3% )	/	( (11285.013	+	11026.607)	/ 2 )
=	477.582628	/	11155.81
=	4.28 %

where

	Invested Capital		(Q: Sep. 2023 )
=	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	))
=	11470.198	-	130.185	-	( 55	-	max(0, 409.118	-	2130.664	+	55	))
=	11285.013

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	11232.868	-	148.485	-	( 57.776	-	max(0, 407.508	-	2085.463	+	57.776	))
=	11026.607

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Triton International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	544.564	/	( ( (8908.586 + max(1666.546, 0))	+	(8768.917 + max(1620.179, 0)) )	/	2 )
=	544.564	/	( ( 10575.132	+	10389.096 )	/	2 )
=	544.564	/	10482.114
=	5.20 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(256.744	+	0	+	1818.92)	-	(130.185	+	0	+	278.933)
=	1666.546

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(243.443	+	0	+	1784.244)	-	(148.485	+	0	+	259.023)
=	1620.179

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Triton International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	606.895	/	12679.614
	=	4.79 %

Triton International EBIT Related Terms

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Triton International (Triton International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Triton International Ltd (NYSE:TRTN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Victoria Street, Victoria Place, 5th Floor, Hamilton, BMU, HM 10

Website

https://www.trtn.com

Triton International Ltd operates as a lessor of intermodal containers. It also leases chassis which are used for the transportation of containers. The operating segments are Equipment leasing and Equipment trading. It has a presence in Asia, Europe, America, Bermuda, and Other countries. The company leases equipment such as Dry freight, Refrigerated, Special, Chassis, and Tank containers. The revenue is generated from the Equipment leasing segment.

Executives

Thanos Holdings Ltd	10 percent owner	73 FRONT STREET, 5TH FLOOR, HAMILTON D0 HM 12
John C Hellmann	director
Brookfield Infrastructure Partners L.p.	10 percent owner	73 FRONT STREET, HAMILTON D0 HM12
Brookfield Infrastructure Corp	10 percent owner	250 VESEY STREET, 15TH FLOOR, NEW YORK NY 10281
David Joynt	director	181 BAY STREET, SUITE 100, TORONTO A6 M5J 2T3
Ben Vaughan	director	181 BAY STREET, SUITE 100, TORONTO A6 M5J 2T3
James Bodi	director	73 FRONT STREET, 5TH FLOOR, HAMILTON D0 HM 12
Thanos Aggregator Llc	10 percent owner	73 FRONT STREET, 5TH FLOOR, HAMILTON D0 HM 12
Brookfield Infrastructure Partners Ltd	10 percent owner	73 FRONT STREET, 5TH FLOOR, HAMILTON D0 HM 12
Brookfield Asset Management Inc.	10 percent owner	BROOKFIELD PLACE, 181 BAY ST, STE 100, PO BOX 762, TORONTO A6 M5J2T3
Bif V Bermuda Gp Ltd	10 percent owner	73 FRONT STREET, 5TH FLOOR, HAMILTON D0 HM 12
Bif V Carry Splitter L.p.	10 percent owner	73 FRONT STREET, 5TH FLOOR, HAMILTON D0 HM 12
Bipc Holding Lp	10 percent owner	73 FRONT STREET, 5TH FLOOR, HAMILTON D0 HM 12
Bif V Thanos Carry L.p.	10 percent owner	73 FRONT STREET, 5TH FLOOR, HAMILTON D0 HM 12
Brookfield If V Thanos Aggregator Llc	10 percent owner	73 FRONT STREET, 5TH FLOOR, HAMILTON D0 HM 12