Vulcan Steel (ASX:VSL) EBIT : A$76.4 Mil (TTM As of Jun. 2024)

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What is Vulcan Steel EBIT?

Vulcan Steel's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$21.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$76.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vulcan Steel's annualized ROC % for the quarter that ended in Jun. 2024 was 1.07%. Vulcan Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 6.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vulcan Steel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 5.33%.

Vulcan Steel EBIT Historical Data

The historical data trend for Vulcan Steel'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.

Vulcan Steel EBIT Chart

Vulcan Steel Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

EBIT

167.78

134.49

76.06

Vulcan Steel Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial			87.30	88.61	48.45	55.15	21.22

Competitive Comparison of Vulcan Steel's EBIT

For the Steel subindustry, Vulcan Steel'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.

Vulcan Steel's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Vulcan Steel's EV-to-EBIT distribution charts can be found below:

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

Vulcan Steel 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$76.4 Mil.

Vulcan Steel (ASX:VSL) EBIT Explanation

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

Vulcan Steel's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	10.874 * ( 1 - 31.7% )	/	( (705.768	+	682.481)	/ 2 )
=	7.426942	/	694.1245
=	1.07 %

where

	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	))
=	843.9	-	134.398	-	( 3.734	-	max(0, 158.569	-	499.431	+	3.734	))
=	705.768

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	837.99	-	133.218	-	( 22.291	-	max(0, 156.61	-	493.021	+	22.291	))
=	682.481

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Vulcan Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	42.438	/	( ( (324.205 + max(359.256, 0))	+	(323.969 + max(339.485, 0)) )	/	2 )
=	42.438	/	( ( 683.461	+	663.454 )	/	2 )
=	42.438	/	673.4575
=	6.30 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(131.391	+	352.035	+	12.271)	-	(134.398	+	0	+	2.043)
=	359.256

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(134.586	+	333.415	+	4.763)	-	(133.218	+	0	+	0.061000000000035)
=	339.485

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Vulcan Steel's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	76.371	/	1432.300
	=	5.33 %

Vulcan Steel EBIT Related Terms

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Vulcan Steel Business Description

Industry

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Traded in Other Exchanges

VSL:New Zealand

Address

29 Neales Road, East Tamaki, Auckland, NTL, NZL, 2013

Website

https://www.vulcan.co

Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium.