Enterprise Group (TSX:E) EBIT : C$7.92 Mil (TTM As of Dec. 2023)

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What is Enterprise Group EBIT?

Enterprise Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$2.73 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$7.92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Enterprise Group's annualized ROC % for the quarter that ended in Dec. 2023 was 18.95%. Enterprise Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Enterprise Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.17%.

Enterprise Group EBIT Historical Data

The historical data trend for Enterprise Group'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.

Enterprise Group EBIT Chart

Enterprise Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-4.34

-3.86

-1.38

3.62

7.91

Enterprise Group 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															2.07	3.21	-0.12	2.10	2.73

Competitive Comparison of Enterprise Group's EBIT

For the Oil & Gas Equipment & Services subindustry, Enterprise Group'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.

Enterprise Group's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Enterprise Group's EV-to-EBIT distribution charts can be found below:

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

Enterprise Group 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 C$7.92 Mil.

Enterprise Group (TSX:E) EBIT Explanation

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

Enterprise Group'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 )
=	11.876 * ( 1 - 0% )	/	( (58.674	+	66.675)	/ 2 )
=	11.876	/	62.6745
=	18.95 %

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	))
=	63.901	-	3.65	-	( 1.577	-	max(0, 4.982	-	10.511	+	1.577	))
=	58.674

	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	))
=	72.807	-	2.346	-	( 3.786	-	max(0, 3.698	-	12.859	+	3.786	))
=	66.675

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

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

Enterprise Group'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 )
=	10.916	/	( ( (49.765 + max(4.182, 0))	+	(55.533 + max(5.985, 0)) )	/	2 )
=	10.916	/	( ( 53.947	+	61.518 )	/	2 )
=	10.916	/	57.7325
=	18.91 %

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)
=	(6.298	+	0.248	+	1.286)	-	(3.65	+	0	+	0)
=	4.182

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.718	+	0.287	+	1.326)	-	(2.346	+	0	+	-4.4408920985006E-16)
=	5.985

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:

Enterprise Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	7.915	/	86.325
	=	9.17 %

Enterprise Group EBIT Related Terms

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Enterprise Group (TSX:E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enterprise Group Inc (TSX:E) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ETOLF:USA 3EO1:Germany

Address

64 Riel Drive, Suite 2, St. Albert, AB, CAN, T8N 5B3

Website

https://www.enterprisegrp.ca

Enterprise Group Inc is an equipment rental and construction services company operating in the utility, energy, and construction industries. Its focus is specialty equipment rentals. The company has a fleet of trucks and heavy equipment to provide rental services for heavy equipment, flameless heating units and oilfield site service infrastructure throughout Western Canada.