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Sonic (SONC) EBIT : $107.0 Mil (TTM As of Aug. 2018)


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What is Sonic EBIT?

Sonic's earnings before interest and taxes (EBIT) for the three months ended in Aug. 2018 was $32.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2018 was $107.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sonic's annualized ROC % for the quarter that ended in Aug. 2018 was 22.98%. Sonic's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2018 was 43.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sonic's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2018 was 6.89%.


Sonic EBIT Historical Data

The historical data trend for Sonic'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.

Sonic EBIT Chart

Sonic Annual Data
Trend Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 99.15 116.84 119.22 124.67 107.00

Sonic Quarterly Data
Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18
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 38.51 22.83 14.06 37.79 32.32

Competitive Comparison of Sonic's EBIT

For the Restaurants subindustry, Sonic'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.


Sonic's EV-to-EBIT Distribution in the Restaurants Industry

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

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



Sonic 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 Aug. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $107.0 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.


Sonic  (NAS:SONC) EBIT Explanation

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

Sonic's annualized ROC % for the quarter that ended in Aug. 2018 is calculated as:

ROC % (Q: Aug. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: May. 2018 ) + Invested Capital (Q: Aug. 2018 ))/ count )
=129.776 * ( 1 - 21.47% )/( (450.456 + 436.647)/ 2 )
=101.9130928/443.5515
=22.98 %

where

Note: The Operating Income data used here is four times the quarterly (Aug. 2018) data.

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

Sonic's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2018 is calculated as:

ROC (Joel Greenblatt) %(Q: Aug. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: May. 2018  Q: Aug. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=129.292/( ( (300.87 + max(-8.01, 0)) + (298.222 + max(-5.571, 0)) )/ 2 )
=129.292/( ( 300.87 + 298.222 )/ 2 )
=129.292/299.546
=43.16 %

where Working Capital is:

Working Capital(Q: May. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21.046 + 0 + 21.695) - (50.221 + 0 + 0.53)
=-8.01

Working Capital(Q: Aug. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.177 + 1.774 + 27.853) - (54.652 + 0.723 + 0)
=-5.571

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Aug. 2018) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Aug. 2018 )
=106.997/1552.250
=6.89 %

* 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.


Sonic EBIT Related Terms

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Sonic (SONC) Business Description

Traded in Other Exchanges
N/A
Address
Sonic Corp operates and franchises drive-in restaurants throughout the United States. The restaurants typically consist of a building that houses only a kitchen to go along with 16 to 24 parking spaces that have their own payment terminals, intercom speakers, and menu boards. Carhops serve customers in their cars. Many locations also have a drive-thru lane and patio seating as alternatives. Sonic franchises roughly 90% of its restaurants, and the royalty revenue the company earns on franchise sales contributes roughly a quarter of total company revenue. Company-operated stores provide the balance of total revenue. Sonic owns the property on which hundreds of its restaurants are located. For those properties that house franchised stores, franchisees lease from the company.
Executives
Steven A Davis director 3776 SOUTH HIGH ST, COLUMBUS OH 43207
Lauren R Hobart director 345 COURT STREET, CORAOPOLIS PA 15275
Tony Bartel director 625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Kathy L Taylor director C/O FREDERIC DORWART LAWYERS, 124 EAST FOURTH STREET, TULSA OK 74103
Pedro Claudia San officer: President 300 JOHNNY BENCH DRIVE, OKLAHOMA CITY OK 73104
Kate S Lavelle director 24089 3RD STREET, FAIRHOPE AL 36532
Federico F Pena director 711 HIGH STREET, DES MOINES IA 50392-0300
J Larry Nichols director DEVON ENERGY CORP, 20 NORTH BROADWAY STE 1500, OKLAHOMA CITY OK 73102-8260
Southeastern Asset Management Inc/tn/ 10 percent owner 6410 POPLAR AVENUE, SUITE 900, MEMPHIS TN 38119
Longleaf Partners Funds Trust 10 percent owner C/O SOUTHEASTERN ASSET MANAGEMENT, 6410 POPLAR AVE, SUITE 900, MEMPHIS TN 38119
Todd Whitney Smith officer: President and CMO 300 JOHNNY BENCH DRIVE, OKLAHOMA CITY OK 73104
Craig Jeffrey Miller officer: Former Officer of Subsidiary 5008 HARTRIDGE WAY, GREENSBORO NC 27407
Robert M Rosenberg director
Michael J Maples director 2208 WINDSOR ROAD, AUSTIN TX 78703
Douglas N Benham director

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