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Cintas (Cintas) EBIT : $1,995 Mil (TTM As of Feb. 2024)


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What is Cintas EBIT?

Cintas's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2024 was $522 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was $1,995 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cintas's annualized ROC % for the quarter that ended in Feb. 2024 was 21.42%. Cintas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 60.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cintas's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 2.85%.


Cintas EBIT Historical Data

The historical data trend for Cintas'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.

Cintas EBIT Chart

Cintas Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,204.14 1,163.68 1,385.96 1,587.61 1,804.38

Cintas Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 447.19 471.64 500.98 500.45 521.73

Competitive Comparison of Cintas's EBIT

For the Specialty Business Services subindustry, Cintas'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.


Cintas's EV-to-EBIT Distribution in the Business Services Industry

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

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



Cintas 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,995 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.


Cintas  (NAS:CTAS) EBIT Explanation

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

Cintas's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

ROC % (Q: Feb. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2023 ) + Invested Capital (Q: Feb. 2024 ))/ count )
=2083.2 * ( 1 - 19.88% )/( (7779.226 + 7803.596)/ 2 )
=1669.05984/7791.411
=21.42 %

where

Invested Capital(Q: Nov. 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))
=8813.869 - 949.087 - ( 85.556 - max(0, 1357.602 - 3036.739+85.556))
=7779.226

Invested Capital(Q: Feb. 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))
=8978.875 - 1046.796 - ( 128.483 - max(0, 1273.895 - 3030.996+128.483))
=7803.596

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

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

Cintas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2023  Q: Feb. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2086.92/( ( (1642.98 + max(1847.644, 0)) + (1692.324 + max(1673.048, 0)) )/ 2 )
=2086.92/( ( 3490.624 + 3365.372 )/ 2 )
=2086.92/3427.998
=60.88 %

where Working Capital is:

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1273.974 + 1510.557 + 166.652) - (949.087 + 0 + 154.452)
=1847.644

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1262.077 + 1476.812 + 163.624) - (1046.796 + 0 + 182.669)
=1673.048

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2024 )
=1994.802/70035.341
=2.85 %

* 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.


Cintas EBIT Related Terms

Thank you for viewing the detailed overview of Cintas's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Cintas (Cintas) Business Description

Traded in Other Exchanges
Address
6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737
Cintas is positioned as a one-stop shop that rents/sells uniforms and ancillary products and services, such as mops, first aid kits, and fire inspections. In its core uniform and facility services unit (a majority of sales), Cintas provides uniform rental programs for items including office attire, custom-tailored apparel, flame-resistant clothing, lab coats, and other profession-specific clothing. Facilities products generally include the rental and sale of entrance mats, mops, shop towels, hand sanitizers, and restroom supplies. Cintas' remaining businesses include first aid and safety services, fire protection services, and uniform direct sales.
Executives
J. Michael Hansen officer: VP & CFO 6800 CINTAS BOULEVARD, CINCINNATI OH 45262-5737
Ronald W Tysoe director C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Robert E. Coletti director, officer: Assistant Secretary P.O. BOX 625737, 6800 CINTAS BLVD., CINCINNATI OH 45262
Melanie W. Barstad director P.O. BOX 625737, MASON OH 45040
David Brock Denton officer: Sr VP, Secretary & Gen Counsel P.O. BOX 625737, CINCINNATI OH 45262
John F Barrett director
Michael Lawrence Thompson officer: Executive Vice President & CAO 6800 CINTAS BOULEVARD, P.O. BOX 625737, CINCINNATI OH 45262
Todd M. Schneider director, officer: CEO and Director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Joseph Scaminace director C/O THE SHERWIN WILLIAMS CO, 101 PROSPECT AVE N W, CLEVELAND OH 44115
Gerald S Adolph director 101 PARK AVENUE, ROOM 2005, NEW YORK NY 10178
Jim Rozakis officer: Executive Vice President & COO 6800 CINTAS BLVD, CINCINNATI OH 45262
Martin Mucci director 911 PANORAMA TRAIL S, ROCHESTER NY 14625
Thomas E Frooman officer: VP, Secretary & Gen. Counsel
James J Johnson director C/O THE PROCTER & GAMBLE COMPANY,, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
James Phillip Holloman officer: President and COO P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262

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