Chipotle Mexican Grill (WBO:CHMG) EBIT : €1,576 Mil (TTM As of Mar. 2024)

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What is Chipotle Mexican Grill EBIT?

Chipotle Mexican Grill's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €418 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €1,576 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chipotle Mexican Grill's annualized ROC % for the quarter that ended in Mar. 2024 was 20.14%. Chipotle Mexican Grill's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 31.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.90%.

Chipotle Mexican Grill EBIT Historical Data

The historical data trend for Chipotle Mexican Grill'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.

Chipotle Mexican Grill EBIT Chart

Chipotle Mexican Grill Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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430.34

276.40

748.27

1,143.28

1,497.57

Chipotle Mexican Grill Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															356.94	420.51	385.85	351.73	417.66

Competitive Comparison of Chipotle Mexican Grill's EBIT

For the Restaurants subindustry, Chipotle Mexican Grill'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.

Chipotle Mexican Grill's EV-to-EBIT Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chipotle Mexican Grill's EV-to-EBIT falls into.

Chipotle Mexican Grill 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,576 Mil.

Chipotle Mexican Grill (WBO:CHMG) EBIT Explanation

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

Chipotle Mexican Grill's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	1670.652 * ( 1 - 22.01% )	/	( (6310.246	+	6630.386)	/ 2 )
=	1302.9414948	/	6470.316
=	20.14 %

where

	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	))
=	7376.68	-	525.323	-	( 1187.925	-	max(0, 945.083	-	1486.194	+	1187.925	))
=	6310.246

	Invested Capital		(Q: Mar. 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	))
=	7738.349	-	511.421	-	( 1306.279	-	max(0, 917.565	-	1514.107	+	1306.279	))
=	6630.386

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

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

Chipotle Mexican Grill's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1670.652	/	( ( (5271.453 + max(-467.894, 0))	+	(5403.824 + max(-475.925, 0)) )	/	2 )
=	1670.652	/	( ( 5271.453	+	5403.824 )	/	2 )
=	1670.652	/	5337.6385
=	31.30 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(105.946	+	36.046	+	107.713)	-	(525.323	+	192.277	+	-0.00100000000009)
=	-467.894

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(82.649	+	34.911	+	90.268)	-	(511.421	+	172.332	+	1.1368683772162E-13)
=	-475.925

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1575.753	/	83078.598
	=	1.90 %

Chipotle Mexican Grill EBIT Related Terms

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Chipotle Mexican Grill (WBO:CHMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Chipotle Mexican Grill Inc (WBO:CHMG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CMG:USA CMG:Mexico C1MG34:Brazil

Address

610 Newport Center Drive, Suite 1100, Newport Beach, CA, USA, 92660

Website

https://www.chipotle.com

Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $8.6 billion in 2022. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,200 stores at the end of 2022, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.