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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%.
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.
RB Global Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 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 | 150.00 | 178.30 | 203.80 | 207.50 | 159.40 |
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.
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.
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
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 | )) |
= | 12078.9 | - | 1311.1 | - | ( 599.5 | - | max(0, 1518.2 | - | 1965.6 | + | 599.5 | )) |
= | 10320.4 |
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 | )) |
= | 11932 | - | 1231.5 | - | ( 650.7 | - | max(0, 1449.1 | - | 1858.8 | + | 650.7 | )) |
= | 10290.8 |
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.
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.
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 |
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