GURUFOCUS.COM » STOCK LIST » Industrials » Construction » The AZEK Co Inc (NYSE:AZEK) » Definitions » EBIT

AZEK (The AZEK Co) EBIT : $259 Mil (TTM As of Sep. 2024)


View and export this data going back to 2020. Start your Free Trial

What is The AZEK Co EBIT?

The AZEK Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $259 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The AZEK Co's annualized ROC % for the quarter that ended in Sep. 2024 was 9.02%. The AZEK Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 34.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The AZEK Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.24%.


The AZEK Co EBIT Historical Data

The historical data trend for The AZEK Co'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.

The AZEK Co EBIT Chart

The AZEK Co Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
EBIT
Get a 7-Day Free Trial -66.33 133.30 111.67 126.43 258.91

The AZEK Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 63.18 53.38 76.83 79.80 48.90

Competitive Comparison of The AZEK Co's EBIT

For the Building Products & Equipment subindustry, The AZEK Co'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.


The AZEK Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, The AZEK Co's EV-to-EBIT distribution charts can be found below:

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



The AZEK Co 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $259 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.


The AZEK Co  (NYSE:AZEK) EBIT Explanation

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

The AZEK Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=204.072 * ( 1 - 18.1% )/( (1845.741 + 1858.175)/ 2 )
=167.134968/1851.958
=9.02 %

where

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))
=2340.728 - 148.039 - ( 346.948 - max(0, 214.047 - 656.693+346.948))
=1845.741

Invested Capital(Q: Sep. 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))
=2167.711 - 145.511 - ( 164.025 - max(0, 217.038 - 471.377+164.025))
=1858.175

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

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

The AZEK Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=195.616/( ( (459.369 + max(109.39, 0)) + (462.201 + max(101.8, 0)) )/ 2 )
=195.616/( ( 568.759 + 564.001 )/ 2 )
=195.616/566.38
=34.54 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(67.619 + 204.871 + 37.255) - (148.039 + 4.793 + 47.523)
=109.39

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49.922 + 223.682 + 33.748) - (145.511 + 4.688 + 55.353)
=101.8

When net working capital is negative, 0 is used.

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

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

The AZEK Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=258.901/7994.257
=3.24 %

* 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.


The AZEK Co EBIT Related Terms

Thank you for viewing the detailed overview of The AZEK Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


The AZEK Co Business Description

Traded in Other Exchanges
N/A
Address
1330 W Fulton Street, Suite 350, Chicago, IL, USA, 60607
The AZEK Co Inc is a designer and manufacturer of beautiful, low maintenance and environmentally sustainable products focused on the fast-growing Outdoor Living market. Its portfolio of products includes decks, rail, trim, outdoor furniture among others. The company operates in two segments: Residential Segment that manufactures and distributes decking, railing, trim, moulding, pergolas and cabanas and accessories through a national network of dealers and distributors and multiple home improvement retailers; and Commercial Segment that manufactures, fabricates and distributes lockers and bathroom partitions. It generates maximum revenue from the Residential segment. The company's brand includes TimberTech; AZEK; Versatex, Ultralox, StruXure, and Intex.
Executives
Jonathan Skelly officer: See Remarks 1330 W. FULTON MARKET STREET, SUITE 350, CHICAGO IL 60607
Jesse G Singh director, officer: CEO and President 16430 N. SCOTTSDALE ROAD, SUITE 400, SCOTTSDALE AZ 85254
Pamela J Edwards director 104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Amanda Cimaglia officer: VP of ESG and IR 1330 WEST FULTON MARKET STREET, SUITE 350, CHICAGO IL 60607
Michelle A Kasson officer: Chief Information Officer 1330 W. FULTON MARKET STREET, SUITE 350, CHICAGO IL 60607
Samara Toole officer: Chief Marketing Officer 1330 W FULTON STREET, SUITE 350, CHICAGO IL 60607
Randy Herth officer: Chief Accounting Officer 1330 W. FULTON ST., SUITE 350, CHICAGO IL 60607
Harmit J Singh director 71 SOUTH WACKER DRIVE, 12TH FLOOR, CHICAGO IL 60606
Ares Corporate Opportunities Fund Iv, L.p. director, 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ontario Teachers Pension Plan Board director, 10 percent owner 5650 YONGE STREET, TORONTO A6 M2M 4H5
Christopher Latkovic officer: SVP, Operations 1330 W. FULTON STREET, SUITE 350, CHICAGO IL 60607
Gary E Hendrickson director 1101 THIRD STREET SOUTH, MINNEAPOLIS MN 55415
Vernon J Nagel director 1330 W. FULTON STREET, SUITE 350, CHICAGO IL 60607
Sandra Lamartine officer: CHRO 1330 WEST FULTON MARKET STREET, SUITE 350, CHICAGO IL 60607
Peter G Clifford officer: CFO 40 TOURNAMENT DRIVE SOUTH, HAWTHORN WOODS IL 60047