Gates Industrial (FRA:1JL) EBIT : €434 Mil (TTM As of Mar. 2024)

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What is Gates Industrial EBIT?

Gates Industrial's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €106 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €434 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gates Industrial's annualized ROC % for the quarter that ended in Mar. 2024 was 4.71%. Gates Industrial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 27.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gates Industrial's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.25%.

Gates Industrial EBIT Historical Data

The historical data trend for Gates Industrial'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.

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Gates Industrial EBIT Chart

Gates Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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320.94

185.20

427.63

365.52

402.93

Gates Industrial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															79.20	113.71	116.00	98.67	105.80

Competitive Comparison of Gates Industrial's EBIT

For the Specialty Industrial Machinery subindustry, Gates Industrial'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.

Gates Industrial's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gates Industrial's EV-to-EBIT distribution charts can be found below:

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

Gates Industrial 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €434 Mil.

Gates Industrial (FRA:1JL) EBIT Explanation

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

Gates Industrial's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	437.92 * ( 1 - 42.75% )	/	( (5310.438	+	5339.404)	/ 2 )
=	250.7092	/	5324.921
=	4.71 %

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	))
=	6652.376	-	681.148	-	( 660.79	-	max(0, 714.618	-	2201.992	+	660.79	))
=	5310.438

	Invested Capital		(Q: Mar. 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	))
=	6482.228	-	662.4	-	( 480.424	-	max(0, 688.068	-	2104.132	+	480.424	))
=	5339.404

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

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

Gates Industrial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	423.2	/	( ( (687.842 + max(832.177, 0))	+	(680.892 + max(920.644, 0)) )	/	2 )
=	423.2	/	( ( 1520.019	+	1601.536 )	/	2 )
=	423.2	/	1560.7775
=	27.11 %

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)
=	(704.439	+	593.482	+	215.404)	-	(681.148	+	0	+	0)
=	832.177

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(733.884	+	623.024	+	226.136)	-	(662.4	+	0	+	0)
=	920.644

When net working capital is negative, 0 is used.

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

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

Gates Industrial's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	434.184	/	5986.452
	=	7.25 %

Gates Industrial EBIT Related Terms

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Gates Industrial (FRA:1JL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gates Industrial Corp PLC (FRA:1JL) » Definitions » EBIT

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GTES:USA

Address

1144 Fifteenth Street, Denver, CO, USA, 80202

Website

https://www.gates.com

Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. They are used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.

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