Worthington Steel (FRA:Z2J) EBIT : €192 Mil (TTM As of Nov. 2024)

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What is Worthington Steel EBIT?

Worthington Steel's earnings before interest and taxes (EBIT) for the three months ended in Nov. 2024 was €21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2024 was €192 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Worthington Steel's annualized ROC % for the quarter that ended in Nov. 2024 was 4.65%. Worthington Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2024 was 8.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Worthington Steel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2024 was 12.29%.

Worthington Steel EBIT Historical Data

The historical data trend for Worthington 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.

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Worthington Steel EBIT Chart

Worthington Steel Annual Data

Trend

May21

May22

May23

May24

EBIT

183.86

243.41

121.16

205.54

Worthington Steel Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
EBIT	Get a 7-Day Free Trial							-4.07	64.24	71.87	35.19	20.54

Competitive Comparison of Worthington Steel's EBIT

For the Steel subindustry, Worthington 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.

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

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

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

Worthington 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 Nov. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €192 Mil.

Worthington Steel (FRA:Z2J) EBIT Explanation

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

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

	ROC % (Q: Nov. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2024 )	+	Invested Capital (Q: Nov. 2024 ))	/ count )
=	71.216 * ( 1 - 18.27% )	/	( (1238.146	+	1264.164)	/ 2 )
=	58.2048368	/	1251.155
=	4.65 %

where

	Invested Capital		(Q: Aug. 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	))
=	1659.266	-	388.468	-	( 32.652	-	max(0, 506.015	-	866.639	+	32.652	))
=	1238.146

	Invested Capital		(Q: Nov. 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	))
=	1638.421	-	325.273	-	( 48.984	-	max(0, 440.573	-	807.671	+	48.984	))
=	1264.164

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

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

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

	ROC (Joel Greenblatt) %		(Q: Nov. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2024		Q: Nov. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	82.144	/	( ( (505.562 + max(438.626, 0))	+	(540.708 + max(424.749, 0)) )	/	2 )
=	82.144	/	( ( 944.188	+	965.457 )	/	2 )
=	82.144	/	954.8225
=	8.60 %

where Working Capital is:

	Working Capital		(Q: Aug. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(402.164	+	355.635	+	69.295)	-	(388.468	+	0	+	0)
=	438.626

	Working Capital		(Q: Nov. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(351.272	+	323.106	+	75.643)	-	(325.273	+	0	+	-0.0010000000000332)
=	424.749

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Nov. 2024 )
	=	191.841	/	1561.464
	=	12.29 %

Worthington Steel EBIT Related Terms

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Worthington Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Worthington Steel Inc (FRA:Z2J) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

WS:USA Z2J:Germany

Address

100 Old Wilson Bridge Road, Columbus, OH, USA, 43085

Website

https://www.worthingtonsteel.com

Worthington Steel Inc is a processor of carbon flat-rolled steel, a producer of laser-welded solutions, and a provider of electrical steel laminations. The company has manufacturing facilities across the United States, Canada, China, India, Germany and Mexico. It buys coils of steel from primary steel producers and processes them to precise type, thickness, length, width, shape, and surface quality required by customer specifications. The company's product lines and processing capabilities include; carbon flat-rolled steel processing, electrical steel laminations, and tailor welded products. Geographically, the company generates a majority of its revenue from the United States followed by Canada, Mexico, and other regions.

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