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Element Fleet Management (TSX:EFN.PR.A.PFD) EBIT : C$685.32 Mil (TTM As of Sep. 2024)


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What is Element Fleet Management EBIT?

Element Fleet Management's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$181.47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$685.32 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Element Fleet Management's annualized ROC % for the quarter that ended in Sep. 2024 was 3.37%. Element Fleet Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 19.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.


Element Fleet Management EBIT Historical Data

The historical data trend for Element Fleet Management'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.

Element Fleet Management EBIT Chart

Element Fleet Management 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 106.08 340.84 463.06 553.91 616.65

Element Fleet Management 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 169.73 150.05 167.54 186.26 181.47

Competitive Comparison of Element Fleet Management's EBIT

For the Rental & Leasing Services subindustry, Element Fleet Management'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.


Element Fleet Management's EV-to-EBIT Distribution in the Business Services Industry

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

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



Element Fleet Management 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 C$685.32 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.


Element Fleet Management  (TSX:EFN.PR.A.PFD) EBIT Explanation

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

Element Fleet Management'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 )
=722.268 * ( 1 - 26.43% )/( (16035.595 + 15469.225)/ 2 )
=531.3725676/15752.41
=3.37 %

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))
=17644.537 - 1494.878 - ( 114.064 - max(0, 1494.878 - 11423.978+114.064))
=16035.595

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))
=17120.169 - 1562.853 - ( 88.091 - max(0, 1562.853 - 11001.819+88.091))
=15469.225

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

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

Element Fleet Management'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 )
=725.888/( ( (3700.835 + max(0.07399999999825, 0)) + (3593.473 + max(-208.18, 0)) )/ 2 )
=725.888/( ( 3700.909 + 3593.473 )/ 2 )
=725.888/3647.191
=19.90 %

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)
=(1127.372 + 0 + 367.58) - (1494.878 + 0 + 0)
=0.07399999999825

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(985.929 + 0 + 368.744) - (1562.853 + 0 + 0)
=-208.18

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:

Element Fleet Management's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=685.318/0.000
= %

* 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.


Element Fleet Management EBIT Related Terms

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Element Fleet Management Business Description

Traded in Other Exchanges
Address
161 Bay Street, Suite 3600, Toronto, ON, CAN, M5J 2S1
Element Fleet Management Corp is a fleet management company, providing services and financings for commercial vehicle and equipment fleets. The company operates in the U.S., Canada, Mexico, Australia, and New Zealand.

Element Fleet Management Headlines

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