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Construction Partners (Construction Partners) EBIT : $93 Mil (TTM As of Dec. 2023)


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What is Construction Partners EBIT?

Construction Partners's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $17 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $93 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Construction Partners's annualized ROC % for the quarter that ended in Dec. 2023 was 4.71%. Construction Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Construction Partners's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.93%.


Construction Partners EBIT Historical Data

The historical data trend for Construction Partners'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.

Construction Partners EBIT Chart

Construction Partners Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Get a 7-Day Free Trial 57.55 55.57 30.92 36.01 82.75

Construction Partners Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 6.36 -2.15 33.83 44.71 16.71

Competitive Comparison of Construction Partners's EBIT

For the Engineering & Construction subindustry, Construction Partners'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.


Construction Partners's EV-to-EBIT Distribution in the Construction Industry

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

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



Construction Partners 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 quarterly data reported by the company within the most recent 12 months, which was $93 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.


Construction Partners  (NAS:ROAD) EBIT Explanation

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

Construction Partners'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=63.596 * ( 1 - 24.06% )/( (997.041 + 1051.608)/ 2 )
=48.2948024/1024.3245
=4.71 %

where

Invested Capital(Q: Sep. 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))
=1219.665 - 174.381 - ( 48.243 - max(0, 279.183 - 473.424+48.243))
=997.041

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))
=1276.15 - 155.804 - ( 68.738 - max(0, 262.932 - 461.37+68.738))
=1051.608

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Construction Partners'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=66.828/( ( (519.58 + max(136.04, 0)) + (580.076 + max(117.74, 0)) )/ 2 )
=66.828/( ( 655.62 + 697.816 )/ 2 )
=66.828/676.718
=9.88 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(303.704 + 84.038 + 10.143) - (174.381 + 78.905 + 8.559)
=136.04

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(255.529 + 96.662 + 10.002) - (155.804 + 88.649 + 0)
=117.74

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=93.095/3173.659
=2.93 %

* 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.


Construction Partners EBIT Related Terms

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Construction Partners (Construction Partners) Business Description

Traded in Other Exchanges
Address
290 Healthwest Drive, Suite 2, Dothan, AL, USA, 36303
Construction Partners Inc operates as an infrastructure and road construction company. It provides construction products and services to the public and private sectors. Its services cover the construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides site development, paving, utility and drainage systems, as well as supplies hot mix asphalt.
Executives
Suntx Capital Ii Management Corp. director, 10 percent owner 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Craig Jennings director, 10 percent owner 5204 LAKECREET CT., PLANO TX 75093
Mark R Matteson director, 10 percent owner 290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Suntx Cpi Capital Management Corp. director, 10 percent owner 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Fleming Ned N. Iv other: Member of 10% owner group 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Ned N. Fleming, Iv 2013 Trust other: Member of 10% owner group 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
John L Harper officer: Senior Vice President 170 EAST MAIN STREET, DOTHAN AL 36301
Noreen E Skelly director 8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Stefan L Shaffer director 290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Suntx Capital Partners Ii Lp director, 10 percent owner TWO LINCOLN CENTRE, 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Suntx Capital Partners Ii Dutch Investors Lp director, 10 percent owner TWO LINCOLN CENTRE, 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Suntx Cpi Expansion Fund Gp, L.p. director, 10 percent owner 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75214
Gregory A Hoffman officer: Senior VP, Finance 290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Judson Ryan Brooks officer: Senior Vice President, Legal 290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Charles E Owens director, officer: See Remarks 290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303