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Forterra (Forterra) EBIT : $29.7 Mil (TTM As of Dec. 2023)


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What is Forterra EBIT?

Forterra's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $3.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $29.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forterra's annualized ROC % for the quarter that ended in Dec. 2023 was 2.14%. Forterra's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forterra's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.20%.


Forterra EBIT Historical Data

The historical data trend for Forterra'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.

Forterra EBIT Chart

Forterra Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 79.42 -2.96 79.39 91.23 29.75

Forterra Semi-Annual Data
Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 38.70 55.42 36.42 26.01 3.67

Competitive Comparison of Forterra's EBIT

For the Building Materials subindustry, Forterra'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.


Forterra's EV-to-EBIT Distribution in the Building Materials Industry

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

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



Forterra 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $29.7 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.


Forterra  (OTCPK:FTTRF) EBIT Explanation

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

Forterra's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=9.368 * ( 1 - 0% )/( (387.247 + 489.493)/ 2 )
=9.368/438.37
=2.14 %

where

Invested Capital(Q: Jun. 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))
=550.126 - 141.793 - ( 21.086 - max(0, 158.712 - 190.657+21.086))
=387.247

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))
=562.911 - 53.165 - ( 20.253 - max(0, 118.861 - 185.696+20.253))
=489.493

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Forterra's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7.342/( ( (336.49 + max(17.803, 0)) + (346.582 + max(52.532, 0)) )/ 2 )
=7.342/( ( 354.293 + 399.114 )/ 2 )
=7.342/376.7035
=1.95 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(77.146 + 91.667 + 0.75800000000001) - (141.793 + 0 + 9.975)
=17.803

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(31.899 + 121.266 + 10.506) - (53.165 + 0 + 57.974)
=52.532

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=29.681/570.353
=5.20 %

* 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.


Forterra EBIT Related Terms

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Forterra (Forterra) Business Description

Traded in Other Exchanges
Address
5 Grange Park Court, Roman Way, Northampton, GBR, NN4 5EA
Forterra PLC operates in the construction industry. The company, with its subsidiaries, manufactures and sale of bricks, dense and lightweight blocks, precast concrete, concrete block paving, and other complementary building products. The company operates in three segments based on its products: Bricks, Blocks, and Bespoke Products. The bricks and block together account for majority of its revenue. The Bespoke Products range comprises precast concrete, concrete block paving, chimney, and roofing solutions.

Forterra (Forterra) Headlines

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