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Floor & Decor Holdings (Floor & Decor Holdings) EBIT : $321 Mil (TTM As of Dec. 2023)


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What is Floor & Decor Holdings EBIT?

Floor & Decor Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $321 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Floor & Decor Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 4.18%. Floor & Decor Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Floor & Decor Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.44%.


Floor & Decor Holdings EBIT Historical Data

The historical data trend for Floor & Decor Holdings'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.

Floor & Decor Holdings EBIT Chart

Floor & Decor Holdings 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 159.18 215.59 338.99 396.76 321.43

Floor & Decor Holdings 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 94.72 95.52 94.97 84.77 46.17

Competitive Comparison of Floor & Decor Holdings's EBIT

For the Home Improvement Retail subindustry, Floor & Decor Holdings'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.


Floor & Decor Holdings's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Floor & Decor Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Floor & Decor Holdings's EV-to-EBIT falls into.



Floor & Decor Holdings 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 $321 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.


Floor & Decor Holdings  (NYSE:FND) EBIT Explanation

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

Floor & Decor Holdings'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 )
=184.664 * ( 1 - 18.1% )/( (3542.905 + 3687.436)/ 2 )
=151.239816/3615.1705
=4.18 %

where

Invested Capital(Q: Sep. 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))
=4638.082 - 1033.549 - ( 61.628 - max(0, 1174.383 - 1336.102+61.628))
=3542.905

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))
=4662.55 - 940.732 - ( 34.382 - max(0, 1152.013 - 1316.64+34.382))
=3687.436

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

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

Floor & Decor Holdings'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 )
=184.664/( ( (2869.091 + max(211.385, 0)) + (2912.542 + max(230.906, 0)) )/ 2 )
=184.664/( ( 3080.476 + 3143.448 )/ 2 )
=184.664/3111.962
=5.93 %

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)
=(97.733 + 1105.45 + 55.134) - (1033.549 + 13.383 + 0)
=211.385

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(99.513 + 1106.15 + 48.725) - (940.732 + 11.277 + 71.473)
=230.906

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:

Floor & Decor Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=321.428/13154.420
=2.44 %

* 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.


Floor & Decor Holdings EBIT Related Terms

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Floor & Decor Holdings (Floor & Decor Holdings) Business Description

Traded in Other Exchanges
Address
2500 Windy Ridge Parkway SE, Atlanta, GA, USA, 30339
Floor & Decor Holdings Inc operates as a specialty retailer in the hard surface flooring market. Its stores offer a range of tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories at everyday low prices. It appeals to a variety of customers including professional installers, commercial businesses, Do It Yourself (DIY) customers, and customers who buy the products for professional installation. Geographically, the group has a presence in the US region and also offers its product through an e-commerce site.
Executives
David Victor Christopherson officer: SVP & General Counsel 2233 LAKE PARK DRIVE, STE. 400, SMYRNA GA 30080
Thomas V Taylor director, officer: Chief Executive Officer 2233 LAKE PARK DRIVE, STE. 400, SMYRNA GA 30080
Steven Alan Denny officer: EVP, Store Operations C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Melissa Kersey director TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Richard L Sullivan director 2233 LAKE PARK DRIVE, SMYRNA GA 30080
Bryan Langley officer: EVP & Chief Financial Officer C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Luke Olson officer: Chief Accounting Officer C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Ryan Marshall director 24311 WALDEN CENTER DR, STE 300, BONITA SPRINGS FL 34134
William T Giles director 123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Felicia D Thornton director 250 PARKCENTER BLVD PO BOX 20, BOISE ID 83726
Ersan Sayman officer: EVP - MERCHANDISING C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Peter Starrett director
Brian K Robbins officer: EVP-Supply Chain 2233 LAKE PARK DRIVE, SMYRNA GA 30080
Dwight Lamar James director C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY, SE, ATLANTA GA 30339
Norman Axelrod director