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ARRIS International (ARRIS International) EBIT : $178 Mil (TTM As of Dec. 2018)


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What is ARRIS International EBIT?

ARRIS International's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2018 was $66 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2018 was $178 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ARRIS International's annualized ROC % for the quarter that ended in Dec. 2018 was 5.70%. ARRIS International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was 45.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ARRIS International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was 3.20%.


ARRIS International EBIT Historical Data

The historical data trend for ARRIS 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.

ARRIS International EBIT Chart

ARRIS International Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 302.13 177.99 103.91 108.29 178.03

ARRIS International Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -16.59 8.98 48.50 54.13 66.42

Competitive Comparison of ARRIS International's EBIT

For the Communication Equipment subindustry, ARRIS 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.


ARRIS International's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, ARRIS International's EV-to-EBIT distribution charts can be found below:

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



ARRIS 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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $178 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.


ARRIS International  (NAS:ARRS) EBIT Explanation

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

ARRIS International's annualized ROC % for the quarter that ended in Dec. 2018 is calculated as:

ROC % (Q: Dec. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2018 ) + Invested Capital (Q: Dec. 2018 ))/ count )
=273.792 * ( 1 - -5.4% )/( (5164.351 + 4961.312)/ 2 )
=288.576768/5062.8315
=5.70 %

where

Invested Capital(Q: Sep. 2018 )
=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))
=7186.605 - 1501.857 - ( 520.397 - max(0, 1848.595 - 2843.385+520.397))
=5164.351

Invested Capital(Q: Dec. 2018 )
=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))
=7327.869 - 1631.086 - ( 735.471 - max(0, 1967.767 - 3112.639+735.471))
=4961.312

Note: The Operating Income data used here is four times the quarterly (Dec. 2018) data.

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

ARRIS International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2018  Q: Dec. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=265.672/( ( (289.82 + max(323.056, 0)) + (287.671 + max(270.895, 0)) )/ 2 )
=265.672/( ( 612.876 + 558.566 )/ 2 )
=265.672/585.721
=45.36 %

where Working Capital is:

Working Capital(Q: Sep. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1117.641 + 717.272 + 252.953) - (1501.857 + 115.989 + 146.964)
=323.056

Working Capital(Q: Dec. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1225.975 + 740.205 + 188.62) - (1631.086 + 111.254 + 141.565)
=270.895

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2018) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2018 )
=178.027/5560.390
=3.20 %

* 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.


ARRIS International EBIT Related Terms

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ARRIS International (ARRIS International) Business Description

Traded in Other Exchanges
N/A
Address
3871 Lakefield Drive, Suwanee, GA, USA, 30024
ARRIS International PLC is a media entertainment and data communications solutions provider. Its innovations combine hardware, software, and services across the cloud, network, and home to power TV and Internet for millions of people around the globe. It operates in two business segments, Customer Premises Equipment, and Network & Cloud. It specializes in enabling multichannel video programming distribution including cable, telephone, and digital broadcast satellite operatorion. It operates manufacturing facilities in Taipei, Taiwan; Tijuana, Mexico, and Manaus, Brazil.