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AECOM (ACM) EBIT : $391 Mil (TTM As of Dec. 2023)


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What is AECOM EBIT?

AECOM's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $178 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $391 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AECOM's annualized ROC % for the quarter that ended in Dec. 2023 was 10.39%. AECOM's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 85.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AECOM's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.73%.


AECOM EBIT Historical Data

The historical data trend for AECOM'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.

AECOM EBIT Chart

AECOM 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 410.65 392.52 647.16 660.96 372.74

AECOM 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 159.62 209.74 -94.82 98.22 177.80

Competitive Comparison of AECOM's EBIT

For the Engineering & Construction subindustry, AECOM'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.


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

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

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



AECOM 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 $391 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.


AECOM  (NYSE:ACM) EBIT Explanation

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

AECOM'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 )
=832.984 * ( 1 - 19.52% )/( (6387.754 + 6521.539)/ 2 )
=670.3855232/6454.6465
=10.39 %

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))
=11233.398 - 4526.416 - ( 1260.206 - max(0, 5850.283 - 6169.511+1260.206))
=6387.754

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))
=11389.921 - 4588.836 - ( 1192.26 - max(0, 6002.486 - 6282.032+1192.26))
=6521.539

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

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

AECOM'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 )
=711.184/( ( (829.644 + max(-2391.01, 0)) + (827.55 + max(-2577.402, 0)) )/ 2 )
=711.184/( ( 829.644 + 827.55 )/ 2 )
=711.184/828.597
=85.83 %

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)
=(2544.5 + 0 + 825.319) - (4526.416 + 1188.742 + 45.671)
=-2391.01

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2524.5 + 0 + 809.037) - (4588.836 + 1282.681 + 39.422)
=-2577.402

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=390.922/14320.334
=2.73 %

* 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.


AECOM EBIT Related Terms

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AECOM (ACM) Business Description

Traded in Other Exchanges
Address
13355 Noel Road, Suite 400, Dallas, TX, USA, 75240
Aecom is one of the largest global providers of design, engineering, construction, and management services. It serves a broad spectrum of end markets including infrastructure, water, transportation, and energy. Based in Los Angeles, Aecom has a presence in over 150 countries and employs 51,000. The company generated $14.4 billion in sales and $847 million in adjusted operating income in fiscal 2023.
Executives
Troy Rudd officer: EVP, CFO C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90064
Lara Poloni officer: Chief Executive, EMIA C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
Douglas Stotlar director C/O RELIANCE STEEL & ALUMINUM CO., 16100 N. 71ST STREET, SUITE 400, SCOTTSDALE AZ 85254
Daniel R. Tishman director, officer: Vice Chairman 555 S. FLOWER STREET, SUITE 3700, LOS ANGELES CA 90071
Todd Battley officer: Chief Strategy Officer C/O AECOM, 300 SOUTH GRAND AVENUE, 9TH FLOOR, LOS ANGELES CA 90071
Kristy Pipes director C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201
Van 't Noordende Alexander M director C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Diane C Creel director 249 BAY SHORE AVENUE, N/A, LONG BEACH CA 90803
Lydia H Kennard director 155 N LAKE AVE, PASADENA CA 91101
Shirley A Adams officer: Chief Human Resources Officer C/O AECOM, 300 SOUTH GRAND AVENUE, 9TH FLOOR, LOS ANGELES CA 90071
Brad W Buss director 198 CHAMPION COURT, SAN JOSE CA 95134
Chuan-sheng Chiao officer: President, Asia Pacific C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
David Y. Gan officer: Chief Legal Officer C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
John C. Vollmer officer: Group President, MS C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
Jacqueline C. Hinman director 9191 SOUTH JAMAICA STREET, ENGLEWOOD CO 80112