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AAON (AAON) EBIT : $228 Mil (TTM As of Dec. 2023)


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What is AAON EBIT?

AAON's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $64 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $228 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AAON's annualized ROC % for the quarter that ended in Dec. 2023 was 22.46%. AAON's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 40.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AAON's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.03%.


AAON EBIT Historical Data

The historical data trend for AAON'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.

AAON EBIT Chart

AAON 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 67.35 95.36 69.31 127.16 228.00

AAON 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 46.70 44.32 54.90 64.76 64.02

Competitive Comparison of AAON's EBIT

For the Building Products & Equipment subindustry, AAON'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.


AAON's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, AAON's EV-to-EBIT distribution charts can be found below:

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



AAON 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 $228 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.


AAON  (NAS:AAON) EBIT Explanation

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

AAON'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 )
=255.536 * ( 1 - 25.48% )/( (844.656 + 851.048)/ 2 )
=190.4254272/847.852
=22.46 %

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:

AAON'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 )
=256.068/( ( (369.082 + max(261.153, 0)) + (381.721 + max(238.745, 0)) )/ 2 )
=256.068/( ( 630.235 + 620.466 )/ 2 )
=256.068/625.3505
=40.95 %

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)
=(160.108 + 214.507 + 25.159) - (99.675 + 21.038 + 17.908)
=261.153

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(138.108 + 213.532 + 11.833) - (90.101 + 16.378 + 18.249)
=238.745

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=227.997/7533.682
=3.03 %

* 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.


AAON EBIT Related Terms

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AAON (AAON) Business Description

Traded in Other Exchanges
Address
2425 South Yukon Avenue, Tulsa, OK, USA, 74107
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.
Executives
Stephen E Wakefield officer: VP, Engineering 2425 SOUTH YUKON, TULSA OK 74107
Norman H Asbjornson director, 10 percent owner, officer: President AAON INC, 2425 SOUTH YUKON, TULSA OK 74107
Rebecca Thompson officer: Chief Accounting Officer 2425 S YUKON AVE, TULSA OK 74107
David Raymond Stewart director 4221 E. 96TH PLACE, TULSA OK 74137
Gordon Douglas Wichman officer: Vice President 4300 WILLOW BEND DR., LONGVIEW TX 75602
Robert Teis officer: VP, Sales and Marketing 6813 FOXBRIAR DR., TULSA OK 74132
Casey Kidwell officer: VP, Administration 9906 NORTH 108TH EAST PLACE, OWASSO OK 74055
Gary D Fields director 2425 SOUTH YUKON, TULSA OK 74107
Rony D Gadiwalla officer: VP, Information Technology 2425 SOUTH YUKON, TULSA OK 74107
Larry Gene Stewart officer: Vice President 2425 SOUTH YUKON AVE, TULSA OK 74107
Xerxes P Gazder officer: Chief Information Officer 109 N FORESTVIEW LANE, AURORA IL 60502
Stephen O Leclair director 3100 CUMBERLAND BLVD, SUITE 1700, ATLANTA GA 30339
Lackey Paul K Jr director 2200 SOUTH UTICA PL., 6B-GENOA, TULSA OK 74114
Bruce Ware director 3605 PATIENCE BLVD, DALLAS TX 75236
Christopher Douglas Eason officer: Chief Accounting Officer 2425 S YUKON AVE, TULSA OK 74107

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