GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Russel Metals Inc (OTCPK:RUSMF) » Definitions » EBIT

Russel Metals (Russel Metals) EBIT : $259 Mil (TTM As of Mar. 2024)


View and export this data going back to . Start your Free Trial

What is Russel Metals EBIT?

Russel Metals's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $54 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $259 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Russel Metals's annualized ROC % for the quarter that ended in Mar. 2024 was 12.96%. Russel Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 21.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Russel Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 16.15%.


Russel Metals EBIT Historical Data

The historical data trend for Russel Metals'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.

Russel Metals EBIT Chart

Russel Metals 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 111.09 50.43 473.75 379.10 281.38

Russel Metals 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 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 75.35 89.57 62.60 52.70 54.45

Competitive Comparison of Russel Metals's EBIT

For the Industrial Distribution subindustry, Russel Metals'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.


Russel Metals's EV-to-EBIT Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Russel Metals's EV-to-EBIT distribution charts can be found below:

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



Russel Metals 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 $259 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.


Russel Metals  (OTCPK:RUSMF) EBIT Explanation

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

Russel Metals'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 )
=197.104 * ( 1 - 25.15% )/( (1105.472 + 1170.508)/ 2 )
=147.532344/1137.99
=12.96 %

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))
=1915.698 - 341.234 - ( 468.992 - max(0, 352.937 - 1461.911+468.992))
=1105.472

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))
=1913.933 - 319.001 - ( 424.424 - max(0, 331.117 - 1446.365+424.424))
=1170.508

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

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

Russel Metals'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 )
=217.788/( ( (327.892 + max(635.733, 0)) + (339.982 + max(700.576, 0)) )/ 2 )
=217.788/( ( 963.625 + 1040.558 )/ 2 )
=217.788/1002.0915
=21.73 %

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)
=(331.097 + 626.342 + 19.529) - (341.234 + 0 + 0.0010000000000332)
=635.733

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(377.364 + 622.636 + 19.577) - (319.001 + 0 + 5.6843418860808E-14)
=700.576

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=259.31/1605.979
=16.15 %

* 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.


Russel Metals EBIT Related Terms

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


Russel Metals (Russel Metals) Business Description

Traded in Other Exchanges
Address
6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6
Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users. The energy products segment distributes oil country tubular goods, line pipe, tubes, valves, and fittings, primarily to the energy industry in Western Canada and the U.S. The steel distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an "as is" basis. The company generates all of its revenue from the North American market.