Forbo Holding AG (XSWX:FORN) EBIT : CHF136 Mil (TTM As of Dec. 2023)

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What is Forbo Holding AG EBIT?

Forbo Holding AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was CHF60 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was CHF136 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forbo Holding AG's annualized ROC % for the quarter that ended in Dec. 2023 was 10.68%. Forbo Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 22.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forbo Holding AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.09%.

Forbo Holding AG EBIT Historical Data

The historical data trend for Forbo Holding AG'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.

Forbo Holding AG EBIT Chart

Forbo Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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177.10

137.70

182.00

133.50

135.60

Forbo Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															99.90	78.60	54.90	75.20	60.40

Competitive Comparison of Forbo Holding AG's EBIT

For the Building Products & Equipment subindustry, Forbo Holding AG'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.

Forbo Holding AG's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Forbo Holding AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Forbo Holding AG's EV-to-EBIT falls into.

Forbo Holding AG 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 semi-annually data reported by the company within the most recent 12 months, which was CHF136 Mil.

Forbo Holding AG (XSWX:FORN) EBIT Explanation

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

Forbo Holding AG'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	109.4 * ( 1 - 22.32% )	/	( (861.8	+	729.2)	/ 2 )
=	84.98192	/	795.5
=	10.68 %

where

	Invested Capital		(Q: Jun. 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	))
=	975.8	-	68.1	-	( 45.9	-	max(0, 308.6	-	601.2	+	45.9	))
=	861.8

	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	))
=	901.4	-	103.1	-	( 69.1	-	max(0, 219.3	-	523.2	+	69.1	))
=	729.2

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Forbo Holding AG'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	120.8	/	( ( (340.7 + max(261.4, 0))	+	(266.6 + max(183.8, 0)) )	/	2 )
=	120.8	/	( ( 602.1	+	450.4 )	/	2 )
=	120.8	/	526.25
=	22.95 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(250	+	305.3	+	1.1368683772162E-13)	-	(68.1	+	0	+	225.8)
=	261.4

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(138.9	+	264.2	+	0)	-	(103.1	+	0	+	116.2)
=	183.8

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Forbo Holding AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	135.6	/	1492.327
	=	9.09 %

Forbo Holding AG EBIT Related Terms

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Forbo Holding AG (XSWX:FORN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Forbo Holding AG (XSWX:FORN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

FORNz:UK

Address

Lindenstrasse 8, P.O. Box 1339, Baar, CHE, CH-6341

Website

https://www.forbo.com

Forbo Holding AG manufactures and sells flooring and movement systems. The company organizes itself into two segments based on product type. The Flooring Systems segment, which generates the majority of revenue, sells commercial and residential floor coverings, entrance flooring systems, and building and construction flooring adhesives to the construction and remodeling industries. The Movement Systems segment sells conveyor and processing belts, plastic modular belts, power transmission belts, and flat modular belts, to the food, automotive, and fitness equipment industries. The majority of revenue comes from Europe.

Forbo Holding AG (XSWX:FORN) Headlines

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