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ASHTY (Ashtead Group) EBIT : $2,628 Mil (TTM As of Oct. 2024)


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What is Ashtead Group EBIT?

Ashtead Group's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2024 was $794 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2024 was $2,628 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ashtead Group's annualized ROC % for the quarter that ended in Oct. 2024 was 13.04%. Ashtead Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was 18.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ashtead Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was 6.40%.


Ashtead Group EBIT Historical Data

The historical data trend for Ashtead 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.

Ashtead Group EBIT Chart

Ashtead Group Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,499.28 1,487.00 1,893.90 2,517.40 2,647.10

Ashtead Group Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 797.80 588.90 559.10 685.90 793.80

Competitive Comparison of Ashtead Group's EBIT

For the Rental & Leasing Services subindustry, Ashtead 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.


Ashtead Group's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ashtead Group's EV-to-EBIT distribution charts can be found below:

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



Ashtead 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,628 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.


Ashtead Group  (OTCPK:ASHTY) EBIT Explanation

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

Ashtead Group's annualized ROC % for the quarter that ended in Oct. 2024 is calculated as:

ROC % (Q: Oct. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2024 ) + Invested Capital (Q: Oct. 2024 ))/ count )
=3629.6 * ( 1 - 25.53% )/( (20580 + 20874.6)/ 2 )
=2702.96312/20727.3
=13.04 %

where

Note: The Operating Income data used here is four times the quarterly (Oct. 2024) data.

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

Ashtead Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2024  Q: Oct. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3175.2/( ( (16019.5 + max(595.6, 0)) + (16185.6 + max(809.5, 0)) )/ 2 )
=3175.2/( ( 16615.1 + 16995.1 )/ 2 )
=3175.2/16805.1
=18.89 %

where Working Capital is:

Working Capital(Q: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2015.5 + 178.1 + 5.9000000000001) - (1560.3 + 0 + 43.6)
=595.6

Working Capital(Q: Oct. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2052.9 + 159.9 + 53.2) - (1410.9 + 0 + 45.6)
=809.5

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Oct. 2024 )
=2627.7/41040.071
=6.40 %

* 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.


Ashtead Group EBIT Related Terms

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Ashtead Group Business Description

Traded in Other Exchanges
Address
100 Cheapside, London, GBR, EC2V 6DT
Ashtead is an equipment rental business with operations in the US, Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the US where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.

Ashtead Group Headlines

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