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Mohawk Industries (Mohawk Industries) EBIT : $-277 Mil (TTM As of Dec. 2023)


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What is Mohawk Industries EBIT?

Mohawk Industries's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $171 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-277 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mohawk Industries's annualized ROC % for the quarter that ended in Dec. 2023 was 5.43%. Mohawk Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mohawk Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.80%.


Mohawk Industries EBIT Historical Data

The historical data trend for Mohawk Industries'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.

Mohawk Industries EBIT Chart

Mohawk Industries 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 790.82 636.75 1,347.25 235.83 -277.00

Mohawk Industries 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 51.07 126.36 150.83 -725.19 171.01

Competitive Comparison of Mohawk Industries's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Mohawk Industries'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.


Mohawk Industries's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Mohawk Industries's EV-to-EBIT distribution charts can be found below:

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



Mohawk Industries 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 $-277 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.


Mohawk Industries  (NYSE:MHK) EBIT Explanation

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

Mohawk Industries'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 )
=674.936 * ( 1 - 9.25% )/( (10744.082 + 11819.446)/ 2 )
=612.50442/11281.764
=5.43 %

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))
=13138.495 - 1875.961 - ( 518.452 - max(0, 3188.574 - 5504.325+518.452))
=10744.082

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))
=13559.869 - 1097.873 - ( 642.55 - max(0, 3145.914 - 5604.217+642.55))
=11819.446

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

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

Mohawk Industries'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 )
=684.036/( ( (5193.302 + max(2729.601, 0)) + (5421.698 + max(2767.981, 0)) )/ 2 )
=684.036/( ( 7922.903 + 8189.679 )/ 2 )
=684.036/8056.291
=8.49 %

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)
=(1846.374 + 2519.709 + 523.017) - (1875.961 + 0 + 283.538)
=2729.601

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1716.309 + 2551.853 + 535.158) - (1097.873 + 0 + 937.466)
=2767.981

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-276.995/9880.309
=-2.80 %

* 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.


Mohawk Industries EBIT Related Terms

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Mohawk Industries (Mohawk Industries) Business Description

Traded in Other Exchanges
Address
160 South Industrial Boulevard, Calhoun, GA, USA, 30701
Mohawk Industries Inc manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. Its operating segments include Global Ceramic, Flooring NA, and Flooring ROW. The company generates maximum revenue from the Global Ceramic segment. Geographically, it derives a majority of its revenue from the United States.
Executives
Suzanne L Helen other: Possible Group Member C/O MOHAWK INDUSTRIES INC, 2001 ANTIOCH ROAD, DALTON GA 30721
Rodney David Patton officer: General Counsel - VP 5855 RIVERMOND DRIVE, ATLANTA GA 30328
Jeffrey S Lorberbaum director, officer: President and CEO MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703
Bernard Thiers director NESTOR DE TIERESTRAAT 128, EINE C9 9700
Harkins William Wayne Ii officer: CAO and Corporate Controller 160 SOUTH INDUSTRIAL BLVD, CALHOUN GA 30701
Clifford Charles Suing officer: CAO and Corporate Controller 160 SOUTH INDUSTRIAL BLVD, CALHOUN GA 30701
Chistopher Wellborn director, officer: President-Dal-Tile MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703
Jerry W Burris director 5500 WAYZATA BLVD., SUITE 600, GOLDEN VALLEY MN 55416
James Brunk director, officer: Corporate Controller and CAO 251 MISTY HILL TRAIL, DALLAS GA 30132
Steven Hyosig Lee officer: CAO and Corporate Controller 160 SOUTH INDUSTRIAL BLVD, CALHOUN GA 30701
Frank H Boykin director, officer: Vice President-Finance & CFO 2042 OLD FORGE WAY, MARIETTA GA 30068
De Cock Paul F officer: President-Flooring NA ALPHONSE RENARDSTRAAT 41, ELSENE C9 1050
Filip Balcaen director PAULINE VAN POTTELSBERGHELAAN 10, 9051 SINT-DENIJS-WESTREM, GENT C9 9051
John Engquist director H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816
Bruce Bruckmann director C/O MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703

Mohawk Industries (Mohawk Industries) Headlines