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CemexB de CV (CemexB de CV) EBIT : $1,940 Mil (TTM As of Mar. 2024)


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What is CemexB de CV EBIT?

CemexB de CV's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $443 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1,940 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CemexB de CV's annualized ROC % for the quarter that ended in Mar. 2024 was 5.58%. CemexB de CV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CemexB de CV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.01%.


CemexB de CV EBIT Historical Data

The historical data trend for CemexB de CV'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.

CemexB de CV EBIT Chart

CemexB de CV 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 988.00 -510.00 1,637.00 1,197.00 2,024.00

CemexB de CV 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 480.87 629.86 484.44 382.64 443.32

Competitive Comparison of CemexB de CV's EBIT

For the Building Materials subindustry, CemexB de CV'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.


CemexB de CV's EV-to-EBIT Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, CemexB de CV's EV-to-EBIT distribution charts can be found below:

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



CemexB de CV 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 $1,940 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.


CemexB de CV  (NYSE:CX) EBIT Explanation

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

CemexB de CV'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 )
=1806.484 * ( 1 - 14.52% )/( (25279 + 30088.58)/ 2 )
=1544.1825232/27683.79
=5.58 %

where

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))
=28602.557 - 0 - ( 475.689 - max(0, 6669.742 - 5183.719+475.689))
=30088.58

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

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

CemexB de CV'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 )
=1773.276/( ( (12506 + max(-1602, 0)) + (12458.81 + max(-2728.372, 0)) )/ 2 )
=1773.276/( ( 12506 + 12458.81 )/ 2 )
=1773.276/12482.405
=14.21 %

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)
=(1751 + 1789 + 669) - (4935 + 384 + 492)
=-1602

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1943.641 + 1800.148 + 197.581) - (0 + 0 + 6669.742)
=-2728.372

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:

CemexB de CV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1940.252/19391.010
=10.01 %

* 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.


CemexB de CV EBIT Related Terms

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CemexB de CV (CemexB de CV) Business Description

Address
Avenida Ricardo Margain Zozaya No.325, Colonia Valle del Campestre, San Pedro Garza Garcia, NL, MEX, 66265
Cemex SAB de CV is a ready-mix concrete company and one of the aggregates companies in the world. In 2021, the company sold roughly 67 million tons of cement, 49.2 million cubic meters of ready-mix, and 135 million tons of aggregates. As of Dec. 31, 2021, the company had an annual cement production capacity of roughly 88.5 million tons.