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Valvoline (Valvoline) EBIT : $277 Mil (TTM As of Dec. 2023)


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What is Valvoline EBIT?

Valvoline's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $59 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. Valvoline's annualized ROC % for the quarter that ended in Dec. 2023 was 8.80%. Valvoline's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 21.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Valvoline's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.07%.


Valvoline EBIT Historical Data

The historical data trend for Valvoline'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.

Valvoline EBIT Chart

Valvoline Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 338.00 215.10 216.50 240.80 280.00

Valvoline 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 25.60 57.60 88.10 72.20 59.40

Competitive Comparison of Valvoline's EBIT

For the Oil & Gas Refining & Marketing subindustry, Valvoline'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.


Valvoline's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Valvoline's EV-to-EBIT distribution charts can be found below:

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



Valvoline 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.


Valvoline  (NYSE:VVV) EBIT Explanation

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

Valvoline'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 )
=238 * ( 1 - 25.98% )/( (1980.9 + 2022.5)/ 2 )
=176.1676/2001.7
=8.80 %

where

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

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

Valvoline'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 )
=237.6/( ( (1084.8 + max(-175.7, 0)) + (1114.6 + max(-141, 0)) )/ 2 )
=237.6/( ( 1084.8 + 1114.6 )/ 2 )
=237.6/1099.7
=21.61 %

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)
=(64 + 33.3 + 65.5) - (334.6 + 0 + 3.9)
=-175.7

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(65.9 + 31.5 + 55.2) - (293.6 + 0 + -5.6843418860808E-14)
=-141

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=277.3/6806.783
=4.07 %

* 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.


Valvoline EBIT Related Terms

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Valvoline (Valvoline) Business Description

Traded in Other Exchanges
Address
100 Valvoline Way, Suite 100, Lexington, KY, USA, 40509
Valvoline Inc produces, markets, and sells automotive maintenance products, particularly lubricants, to retail outlets installers, and customers. The company offers various products such as engine oil, heavy-duty engine oil, motorcycle oil, grease and brake fluid, and others. Geographically, the majority of the revenue is generated from the United States of America.
Executives
Julie Marie O'daniel officer: Gen Counsel, Corp Secy and SVP 3499 BLAZER PARKWAY, LEXINGTON KY 40509
Robert Travis Dobbins officer: SVP & Chief Technology Officer 100 VALVOLINE WAY, LEXINGTON KY 40509
Linne Fulcher officer: Chief Operating Officer 100 VALVOLINE WAY, SUITE 100, LEXINGTON KY 40509-2714
Richard Joseph Freeland director 927 JUNCO DRIVE, COLUMBUS IN 47201
Lori Ann Flees officer: SVP and Pres., Retail Services 100 VALVOLINE WAY, LEXINGTON KY 40509
Mary E Meixelsperger officer: Chief Financial Officer 810 DSW DRIVE, COLUMBUS OH 43219
Vada O Manager director NIKE, INC, ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Patrick Pacious director 1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850
Heidi J. Matheys officer: Chief Marketing Officer 3499 BLAZER PARKWAY, LEXINGTON KY 40509
Dione Sturgeon officer: Chief Accounting Officer 100 VALVOLINE WAY, LEXINGTON KY 40509
Michael S. Ryan officer: Chief Accounting Officer 1000 EAST HANES MILL ROAD, WINSTON SALEM NC 27105
Gerrald Thomas A. Ii officer: Senior Vice President 3499 BLAZER PARKWAY, LEXINGTON KY 40509
Jennifer Lynn Slater director 5757 N GREEN BAY AVENUE FLORIST, TOWER MILWAUKEE WI 53209
Jamal K Muashsher officer: SVP, International 100 VALVOLINE WAY, LEXINGTON KY 40509
Anthony R. Puckett officer: President, Quick Lubes 3499 BLAZER PARKWAY, LEXINGTON KY 40509