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Carrols Restaurant Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $67 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Carrols Restaurant Group's annualized ROC % for the quarter that ended in Mar. 2024 was 2.40%. Carrols Restaurant Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.85%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Carrols Restaurant Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.97%.
The historical data trend for Carrols Restaurant Group'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.
Carrols Restaurant Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | -16.19 | 4.11 | -19.40 | -45.52 | 67.38 |
Carrols Restaurant Group 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 | 10.24 | 23.23 | 23.44 | 10.48 | 10.07 |
For the Restaurants subindustry, Carrols Restaurant Group'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.
For the Restaurants industry and Consumer Cyclical sector, Carrols Restaurant Group's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Carrols Restaurant Group's EV-to-EBIT falls into.
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 $67 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.
Carrols Restaurant Group (NAS:TAST) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Carrols Restaurant Group'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 ) |
= | 37.528 * ( 1 - -0.27% ) | / | ( (1578.495 | + | 1561.673) | / 2 ) |
= | 37.6293256 | / | 1570.084 | |||
= | 2.40 % |
where
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 | )) |
= | 1592.492 | - | 119.252 | - | ( 44.504 | - | max(0, 204.955 | - | 99.7 | + | 44.504 | )) |
= | 1578.495 |
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 | )) |
= | 1572.362 | - | 111.636 | - | ( 38.03 | - | max(0, 192.373 | - | 91.426 | + | 38.03 | )) |
= | 1561.673 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Carrols Restaurant Group'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 ) |
= | 40.268 | / | ( ( (1050.776 + max(-93.176, 0)) | + | (1043.469 + max(-82.238, 0)) ) | / | 2 ) |
= | 40.268 | / | ( ( 1050.776 | + | 1043.469 ) | / | 2 ) |
= | 40.268 | / | 1047.1225 | ||||
= | 3.85 % |
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) |
= | (22.438 | + | 15.237 | + | 17.521) | - | (119.252 | + | 0 | + | 29.12) |
= | -93.176 |
Working Capital | (Q: Mar. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (25.033 | + | 13.189 | + | 15.174) | - | (111.636 | + | 0 | + | 23.998) |
= | -82.238 |
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:
Carrols Restaurant Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2024 ) |
= | 67.209 | / | 1691.245 | |
= | 3.97 % |
* 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.
Thank you for viewing the detailed overview of Carrols Restaurant Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Anthony E Hull | officer: VP, CFO, Treasurer | 175 PARK AVENUE, MADISON NJ 07940 |
Gretta Miles | officer: VP, Controller, Asst Treasurer | 968 JAMES STREET, SYRACUSE NY 13203 |
Ahmad Filsoof | officer: VP, Strategic Initiatives | 968 JAMES STREET, SYRACUSE NY 13203 |
Cambridge Franchise Partners, Llc | 10 percent owner | 853 BROADWAY, NEW YORK NY 10003 |
Richard G Cross | officer: VP, Real Estate | 968 JAMES STREET, SYRACUSE NY 13203 |
Gary Mcquillan | officer: VP, Strategic Procurement | 968 JAMES STREET, SYRACUSE NY 13203 |
Joseph W Hoffman | officer: Chief Restaurant Officer | 968 JAMES STREET, SYRACUSE NY 13203 |
Paulo A Pena | officer: President and CEO | 968 JAMES STREET, SYRACUSE NY 13203 |
John Davis Smith | director | 968 JAMES STREET, SYRACUSE NY 13203 |
Jared L. Landaw | officer: VP, GC, Secretary | 101 WEST 79TH STREET - 12B, NEW YORK NY 10024 |
Nathan Mucher | officer: VP, Chief Information Officer | 968 JAMES STREET, SYRACUSE NY 13203 |
Thomas Benjamin Curtis | director | 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105 |
Matthew Terker Perelman | director, 10 percent owner | 853 BROADWAY, SUITE 2014, NEW YORK NY 10003 |
Carl S Hauch | officer: VP and COO | ADVANCE AUTO PARTS, INC, 5008 AIRPORT RD, ROANOKE VA 24012 |
David Harris | director | 237 PARK AVENUE - SUITE 900, NEW YORK NY 10017 |
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