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Skyline Champion's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $62 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $268 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Skyline Champion's annualized ROC % for the quarter that ended in Dec. 2023 was 17.45%. Skyline Champion's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 78.74%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Skyline Champion's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.83%.
The historical data trend for Skyline Champion'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.
Skyline Champion Annual Data | |||||||||||||||||||||
Trend | May14 | May15 | May16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
EBIT | Get a 7-Day Free Trial | -35.97 | 89.69 | 115.21 | 333.67 | 537.17 |
Skyline Champion 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 | 108.68 | 76.84 | 68.91 | 60.81 | 61.66 |
For the Residential Construction subindustry, Skyline Champion'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.
For the Homebuilding & Construction industry and Consumer Cyclical sector, Skyline Champion's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Skyline Champion's EV-to-EBIT falls into.
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 $268 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.
Skyline Champion (NYSE:SKY) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Skyline Champion'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 ) |
= | 224.724 * ( 1 - 21.37% ) | / | ( (816.585 | + | 1208.764) | / 2 ) |
= | 176.7004812 | / | 1012.6745 | |||
= | 17.45 % |
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 | )) |
= | 1669.175 | - | 151.435 | - | ( 701.155 | - | max(0, 243.151 | - | 977.938 | + | 701.155 | )) |
= | 816.585 |
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 | )) |
= | 1869.419 | - | 162.748 | - | ( 497.907 | - | max(0, 339.297 | - | 870.165 | + | 497.907 | )) |
= | 1208.764 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
Skyline Champion'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 ) |
= | 246.644 | / | ( ( (191.766 + max(33.632, 0)) | + | (287.708 + max(113.35, 0)) ) | / | 2 ) |
= | 246.644 | / | ( ( 225.398 | + | 401.058 ) | / | 2 ) |
= | 246.644 | / | 313.228 | ||||
= | 78.74 % |
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) |
= | (55.097 | + | 182.239 | + | 39.447) | - | (151.435 | + | 63.746 | + | 27.97) |
= | 33.632 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (48.659 | + | 290.542 | + | 33.057) | - | (162.748 | + | 73.044 | + | 23.116) |
= | 113.35 |
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:
Skyline Champion's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2023 ) |
= | 268.224 | / | 3924.798 | |
= | 6.83 % |
* 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 Skyline Champion's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Keith A Anderson | officer: Chief Executive Officer | C/O CHAMPION ENTERPRISES HOLDINGS LLC, 755 W BIG BEAVER RD, #1000, TROY MI 48084 |
Heath Jenkins | officer: President, Retail Operations | 755 W BIG BEAVER ROAD, SUITE 1000, TROY MI 48084 |
Timothy A. Burkhardt | officer: Vice President and Controller | C/O CHAMPION ENTERPRISES HOLDINGS LLC, 755 W BIG BEAVER RD, #1000, TROY MI 48084 |
Tawn Kelley | director | 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251 |
Joseph A. Kimmell | officer: EVP | C/O SKYLINE CHAMPION CORPORATION, 755 WEST BIG BEAVER ROAD, SUITE 1000, TROY MI 48084 |
Mark J. Yost | officer: Executive Vice President | C/O CHAMPION ENTERPRISES HOLDINGS LLC, 755 W BIG BEAVER RD, #1000, TROY MI 48084 |
Michael B Berman | director | C/O GENERAL GROWTH PROPERTIES, 110 NORTH WACKER DRIVE, CHICAGO IL 60606 |
Gary E Robinette | director | 5020 WESTON PARKWAY, SUITE 400, CARY NC 27513 |
Nikul Patel | director | 11115 RUSHMORE DR, CHARLOTTE NC 28277-3442 |
Jonathan Wade Lyall | officer: Executive Vice President | C/O SKYLINE CHAMPION CORPORATION, 755 WEST BIG BEAVER ROAD, SUITE 1000, TROY MI 48084 |
Laurie M. Hough | officer: EVP, CFO, Treasurer | C/O CHAMPION ENTERPRISES HOLDINGS LLC, 755 W BIG BEAVER RD, #1000, TROY MI 48084 |
Timothy Mark Larson | officer: Chief Growth Officer | C/O SKYLINE CHAMPION CORPORATION, 755 W. BIG BEAVER RD., SUITE 1000, TROY MI 48084 |
Mak Capital One Llc | 10 percent owner | 590 MADISON AVENUE, 31ST FLOOR, NEW YORK NY 10022 |
Erin Mulligan Nelson | director | C/O SKYLINE CHAMPION CORPORATION, 755 WEST BIG BEAVER ROAD, SUITE 1000, TROY MI 48084 |
Eddie Capel | director | 2300 WINDY RIDGE PARKWAY, SUITE 1000, ATLANTA GA 30339 |
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