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Taylor Morrison Home's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was $360 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was $1,214 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Taylor Morrison Home's annualized ROC % for the quarter that ended in Dec. 2024 was 13.58%. Taylor Morrison Home's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 21.79%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Taylor Morrison Home's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 15.77%.
The historical data trend for Taylor Morrison Home'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.
Taylor Morrison Home Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
EBIT | Get a 7-Day Free Trial |
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471.84 | 879.54 | 1,449.15 | 1,084.37 | 1,213.71 |
Taylor Morrison Home Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
EBIT | Get a 7-Day Free Trial |
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303.89 | 246.68 | 275.55 | 331.73 | 359.75 |
For the Residential Construction subindustry, Taylor Morrison Home'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 Homebuilding & Construction industry and Consumer Cyclical sector, Taylor Morrison Home's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Taylor Morrison Home'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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,214 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.
Taylor Morrison Home (NYSE:TMHC) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Taylor Morrison Home's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:
ROC % (Q: Dec. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2024 ) | + | Invested Capital (Q: Dec. 2024 )) | / count ) |
= | 1439.008 * ( 1 - 20.6% ) | / | ( (8530.458 | + | 8293.835) | / 2 ) |
= | 1142.572352 | / | 8412.1465 | |||
= | 13.58 % |
where
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 | )) |
= | 9300.436 | - | 513.531 | - | ( 256.447 | - | max(0, 821.041 | - | 7170.769 | + | 256.447 | )) |
= | 8530.458 |
Invested Capital | (Q: Dec. 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 | )) |
= | 9297.131 | - | 516.145 | - | ( 487.151 | - | max(0, 755.296 | - | 7517.531 | + | 487.151 | )) |
= | 8293.835 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Taylor Morrison Home's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2024 | Q: Dec. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 1439.008 | / | ( ( (665.533 + max(5885.686, 0)) | + | (600.434 + max(6057.381, 0)) ) | / | 2 ) |
= | 1439.008 | / | ( ( 6551.219 | + | 6657.815 ) | / | 2 ) |
= | 1439.008 | / | 6604.517 | ||||
= | 21.79 % |
where Working Capital is:
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 6440.525 | + | 266.202) | - | (513.531 | + | 307.51 | + | 1.1368683772162E-13) |
= | 5885.686 |
Working Capital | (Q: Dec. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 6234.084 | + | 578.593) | - | (516.145 | + | 239.151 | + | 0) |
= | 6057.381 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Taylor Morrison Home's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2024 ) |
= | 1213.714 | / | 7694.959 | |
= | 15.77 % |
* 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 Taylor Morrison Home's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
William H Lyon | director | C/O TAYLOR MORRISON HOME CORP., 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251 |
Darrell Sherman | officer: EVP, CLO & Secretary | 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251 |
Christopher J. Yip | director | 301 COMMERCE STREET, FORT WORTH TX 76102 |
Sheryl Palmer | officer: President and CEO | 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251 |
Curtis Vanhyfte | officer: Interim CFO | 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251 |
Joseph Terracciano | officer: Chief Accounting Officer | 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251 |
Louis Steffens | officer: EVP and CFO | 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251 |
David C Merritt | director | CHARTER COMMUNICATIONS INC, 12405 POWERSCOURT DRIVE, ST LOUIS MO 63131 |
Denise Warren | director | 209 REDWOOD SHORES PKWY, REDWOOD CITY CA 94065 |
C. David Cone | officer: Vice President and CFO | 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251 |
Gary H Hunt | director | C/O WILLIAM LYON HOMES, 4695 MACARTHUR COURT, 8TH FLOOR, NEWPORT BEACH CA 92660 |
Peter R. Lane | director | 1500 SOLANA BOULEVARD, BUILDING 4, SUITE 4500, SOUTHLAKE TX 76092 |
Jeffry L. Flake | director | C/O 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251 |
Andi Owen | director | 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251 |
Tpg Group Holdings (sbs) Advisors, Inc. | 10 percent owner | C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
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