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Tri Pointe Homes's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $172 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $448 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tri Pointe Homes's annualized ROC % for the quarter that ended in Dec. 2023 was 13.36%. Tri Pointe Homes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 20.74%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tri Pointe Homes's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.39%.
The historical data trend for Tri Pointe Homes'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.
Tri Pointe Homes Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 254.97 | 376.19 | 610.19 | 770.55 | 428.01 |
Tri Pointe Homes Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
EBIT | Get a 7-Day Free Trial | 95.38 | 72.31 | 87.88 | 172.44 | 115.30 |
For the Residential Construction subindustry, Tri Pointe Homes'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, Tri Pointe Homes's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Tri Pointe Homes'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 $448 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.
Tri Pointe Homes (NYSE:TPH) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Tri Pointe Homes'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 ) |
= | 689.768 * ( 1 - 25.61% ) | / | ( (3805.735 | + | 3877.643) | / 2 ) |
= | 513.1184152 | / | 3841.689 | |||
= | 13.36 % |
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 | )) |
= | 4870.231 | - | 215.457 | - | ( 849.039 | - | max(0, 264.434 | - | 4395.406 | + | 849.039 | )) |
= | 3805.735 |
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 | )) |
= | 4914.588 | - | 167.992 | - | ( 868.953 | - | max(0, 211.983 | - | 4439.534 | + | 868.953 | )) |
= | 3877.643 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
Tri Pointe Homes'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 ) |
= | 689.768 | / | ( ( (61.235 + max(3230.194, 0)) | + | (66.404 + max(3292.584, 0)) ) | / | 2 ) |
= | 689.768 | / | ( ( 3291.429 | + | 3358.988 ) | / | 2 ) |
= | 689.768 | / | 3325.2085 | ||||
= | 20.74 % |
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) |
= | (67.667 | + | 3412.797 | + | 14.164) | - | (215.457 | + | 48.977 | + | 5.6843418860808E-14) |
= | 3230.194 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (158.622 | + | 3337.483 | + | 8.4619999999995) | - | (167.992 | + | 43.991 | + | 0) |
= | 3292.584 |
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:
Tri Pointe Homes's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2023 ) |
= | 447.931 | / | 3932.916 | |
= | 11.39 % |
* 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 Tri Pointe Homes's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Lawrence B Burrows | director | C/O TRI POINTE GROUP, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612 |
Glenn J. Keeler | officer: VP & Chief Accounting Officer | C/O TRI POINTE GROUP, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612 |
Douglas F. Bauer | director, officer: CHIEF EXECUTIVE OFFICER | C/O TRI POINTE GROUP, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612 |
Steven J Gilbert | director | 540 MADISON AVE, 40TH FL, NEW YORK NY 10022 |
Moore Constance B | director | 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002 |
Thomas J Mitchell | officer: President, COO, and Secretary | C/O TRI POINTE GROUP, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612 |
Robert Kent Grahl | director | 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612 |
Vicki D. Mcwilliams | director | C/O TRI POINTE GROUP, INC., SUITE 300, IRVINE CA 92612 |
Michael D Grubbs | officer: See Remarks | C/O TRI POINTE GROUP, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612 |
David Ch Lee | officer: VP GENERAL COUNSEL & SECRETARY | C/O TRI POINTE GROUP, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612 |
Bradley William Blank | officer: See Remarks | C/O TRI POINTE HOMES, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612 |
Barry S Sternlicht | director, 10 percent owner | STARWOOD CAPITAL GROUP GLOBAL LP, 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139 |
Ken Krivanec | officer: President of Quadrant Homes | C/O TRI POINTE HOMES, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612 |
Daniel S Fulton | director | C/O TRI POINTE GROUP, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612 |
Christopher D. Graham | director | C/O TRI POINTE HOMES, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612 |
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