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Carrols Restaurant Group (Carrols Restaurant Group) EBIT : $67 Mil (TTM As of Mar. 2024)


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What is Carrols Restaurant Group EBIT?

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%.


Carrols Restaurant Group EBIT Historical Data

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.

* Premium members only.

Carrols Restaurant Group EBIT Chart

Carrols Restaurant Group 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 -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 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 10.24 23.23 23.44 10.48 10.07

Competitive Comparison of Carrols Restaurant Group's EBIT

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.


Carrols Restaurant Group's EV-to-EBIT Distribution in the Restaurants Industry

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.



Carrols Restaurant Group 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 $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.


Carrols Restaurant Group EBIT Related Terms

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Carrols Restaurant Group (Carrols Restaurant Group) Business Description

Traded in Other Exchanges
Address
968 James Street, Syracuse, NY, USA, 13203
Carrols Restaurant Group Inc is a restaurant company. It owns and operates Burger King restaurants in the Northeastern, Midwestern, and Southeastern United States. The Burger King restaurants are quick-service restaurants featuring hamburgers and other sandwiches.
Executives
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