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Trex Co (Trex Co) EBIT : $276 Mil (TTM As of Dec. 2023)


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What is Trex Co EBIT?

Trex Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $276 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Trex Co's annualized ROC % for the quarter that ended in Dec. 2023 was 9.01%. Trex Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Trex Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.83%.


Trex Co EBIT Historical Data

The historical data trend for Trex Co'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.

Trex Co EBIT Chart

Trex Co 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 188.20 233.64 320.88 262.16 276.20

Trex Co 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 30.05 56.95 104.77 86.36 28.13

Competitive Comparison of Trex Co's EBIT

For the Building Products & Equipment subindustry, Trex Co'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.


Trex Co's EV-to-EBIT Distribution in the Construction Industry

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

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



Trex Co 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 $276 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.


Trex Co  (NYSE:TREX) EBIT Explanation

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

Trex Co'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 )
=112.508 * ( 1 - 28.44% )/( (903.289 + 883.22)/ 2 )
=80.5107248/893.2545
=9.01 %

where

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

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

Trex Co'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 )
=112.508/( ( (698.321 + max(150.026, 0)) + (735.635 + max(82.785, 0)) )/ 2 )
=112.508/( ( 848.347 + 818.42 )/ 2 )
=112.508/833.3835
=13.50 %

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)
=(200.909 + 60.384 + 7.13) - (88.879 + 0 + 29.518)
=150.026

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.136 + 107.089 + 12.459) - (47.706 + 0 + 30.193)
=82.785

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=276.205/9747.759
=2.83 %

* 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.


Trex Co EBIT Related Terms

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Trex Co (Trex Co) Business Description

Traded in Other Exchanges
Address
160 Exeter Drive, Winchester, VA, USA, 22603-8605
Trex Co Inc is a manufacturer of wooden alternative-decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders. The company operates in two reportable segments Trex Residential and Trex Commercial. The majority of revenue is derived from the Trex Residential segment.
Executives
Brenda Lovcik officer: SVP, Chief Financial Officer 2500 TREX WAY, C/O TREX COMPANY, INC., WINCHESTER VA 22601
Amy M. Fernandez officer: VP, GC and Secretary 2500 TREX WAY, WINCHESTER VA 22601
Melkeya Mcduffie director C/O CLEAN HARBORS INC., 42 LONGWATER DRIVE, NORWELL MA 02061
Michael F Golden director 2100 ROOSEVELT AVENUE, SPRINGFIELD MA 01104
Bryan Horix Fairbanks officer: VP and CFO 160 EXETER DRIVE, WINCHESTER VA 22603
Adam Dante Zambanini officer: Vice President, Marketing C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603
William R. Gupp officer: V.P. & General Counsel C/O TREX COMPANY, 160 EXETER DRIVE, WINCHESTER VA 22603
Dennis Charles Schemm officer: VP and Chief Financial Officer CONTINENTAL BUILDING PRODUCTS, 12950 WORLDGATE DRIVE, HERNDON VA 20170
Richard E Posey director C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603
Patricia B Robinson director
James E Cline officer: Vice President and CFO C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603
Jay M Gratz director RYERSON INC, 2621 W 15TH PLACE, CHICAGO IL 60608
Gena C Lovett director 11324 FOX CREEK FARM WAY, GREAT FALLS VA 22066
Christopher Paul Gerhard officer: Vice President, Sales 160 EXETER DRIVE, WINCHESTER VA 22603
Kristine L Juster director 1600 ROYAL ST, JASPER IN 47549