GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » RB Global Inc (NYSE:RBA) » Definitions » EBIT

RBA (RB Global) EBIT : $749 Mil (TTM As of Sep. 2024)


View and export this data going back to 1998. Start your Free Trial

What is RB Global EBIT?

RB Global's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $159 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $749 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. RB Global's annualized ROC % for the quarter that ended in Sep. 2024 was 4.59%. RB Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 23.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. RB Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.44%.


RB Global EBIT Historical Data

The historical data trend for RB Global'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.

RB Global EBIT Chart

RB Global 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 232.04 271.46 242.30 463.90 496.20

RB Global 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 150.00 178.30 203.80 207.50 159.40

Competitive Comparison of RB Global's EBIT

For the Specialty Business Services subindustry, RB Global'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.


RB Global's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, RB Global's EV-to-EBIT distribution charts can be found below:

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



RB Global 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 $749 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.


RB Global  (NYSE:RBA) EBIT Explanation

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

RB Global'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 )
=635.6 * ( 1 - 25.64% )/( (10320.4 + 10290.8)/ 2 )
=472.63216/10305.6
=4.59 %

where

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

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

RB Global'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 )
=637.6/( ( (2686.1 + max(-349.9, 0)) + (2691.4 + max(-464.8, 0)) )/ 2 )
=637.6/( ( 2686.1 + 2691.4 )/ 2 )
=637.6/2688.75
=23.71 %

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)
=(562.6 + 145.9 + 286.2) - (1311.1 + 33.5 + 2.2737367544323E-13)
=-349.9

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(361.5 + 163.9 + 282.5) - (1231.5 + 41.2 + -2.2737367544323E-13)
=-464.8

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=749/21781.578
=3.44 %

* 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.


RB Global EBIT Related Terms

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


RB Global Business Description

Traded in Other Exchanges
Address
Two Westbrook Corporate Center, Suite 500, Westchester, IL, USA, 60154
RB Global operates the world's largest auction for heavy equipment. The company started as a live auctioneer of industrial equipment; since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. RB Global operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms. The company holds over 300 auctions yearly and sells $6 billion worth of equipment.
Executives
James Francis Kessler officer: Chief Operating Officer C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
James J Jeter officer: President, Sales U.S. C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
Darren Jeffrey Watt officer: Gen. Counsel & Corp. Secretary C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
Baron Concors officer: Chief Information Officer C/O 9500 GLENLYON PARKWAY, BURNABY A0 V5J 0C6
Ann Fandozzi director, officer: CEO C/O RITCHIE BROS. AUCTIONEERS INC, 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
Timothy J. O'day director TWO WESTBROOK CORPORATE CENTER, SUITE 50, WESTCHESTER IL 60154
Andrew John Fesler officer: Chief People Officer C/O RB GLOBAL, INC., 2 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Megan Anne Cash officer: Principal Fin. & Acctg Officer C/O RB GLOBAL, INC., 2 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Erik Olsson director C/O RSC HOLDINGS INC., 6929 E. GREENWAY PARKWAY, SCOTTSDALE AZ 85254
Michael D Sieger director C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Adam Dewitt director 39 SOUTH LASALLE STREET, SUITE 220, CHICAGO IL 60603
Sarah E. Raiss director 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Carol Stephenson director 300 RENAISSANCE CENTER, M/C:482-C24-A68, DETROIT MI 48265-3000
Robert George Elton director C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
Lisa Hook director NEUSTAR, INC. - C/O DENIS CURRAN, 46000 CENTER OAK PLAZA, STERLING VA 20166