GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » AGCO Corp (NYSE:AGCO) » Definitions » EBIT

AGCO (AGCO) EBIT : $1,402 Mil (TTM As of Dec. 2023)


View and export this data going back to 1992. Start your Free Trial

What is AGCO EBIT?

AGCO's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $308 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,402 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AGCO's annualized ROC % for the quarter that ended in Dec. 2023 was 26.40%. AGCO's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 33.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AGCO's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.44%.


AGCO EBIT Historical Data

The historical data trend for AGCO'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.

AGCO EBIT Chart

AGCO 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 289.90 586.90 969.70 1,153.20 1,402.30

AGCO 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 425.90 336.90 418.40 339.40 307.60

Competitive Comparison of AGCO's EBIT

For the Farm & Heavy Construction Machinery subindustry, AGCO'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.


AGCO's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, AGCO's EV-to-EBIT distribution charts can be found below:

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



AGCO 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 $1,402 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.


AGCO  (NYSE:AGCO) EBIT Explanation

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

AGCO'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 )
=1585.2 * ( 1 - -30.37% )/( (6854.7 + 8803.4)/ 2 )
=2066.62524/7829.05
=26.40 %

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:

AGCO'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 )
=1230.4/( ( (1917.7 + max(1981.1, 0)) + (2097.1 + max(1417.2, 0)) )/ 2 )
=1230.4/( ( 3898.8 + 3514.3 )/ 2 )
=1230.4/3706.55
=33.20 %

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)
=(1643.9 + 3726 + 624.5) - (3815.7 + 0 + 197.6)
=1981.1

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1605.3 + 3440.7 + 699.8) - (2022.8 + 0 + 2305.8)
=1417.2

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1402.3/9711.898
=14.44 %

* 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.


AGCO EBIT Related Terms

Thank you for viewing the detailed overview of AGCO's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


AGCO (AGCO) Business Description

Traded in Other Exchanges
Address
4205 River Green Parkway, Duluth, GA, USA, 30096
Agco is a global manufacturer of agricultural equipment. The company has five core brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements to grain handling systems and livestock management solutions. Its products are available through a global dealer network, which includes over 3,200 dealer and distribution locations. Agco offers retail and wholesale financing to customers through its joint venture with Rabobank, a European food- and agriculture-focused bank.
Executives
Dehner Torsten Rudolf Willi officer: SVP Gen Mgr Europe Middle East AGCO INTERNATIONAL GMBH, VICTOR VON BRUNS STRASSE 17, NEUHAUSEN AM RHEINFALL V8 CH 8212
Robert B Crain officer: Sr VP Gen. Mgr. North America AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096-2584
Felli Luis Fernando Sartini officer: SVP Gen Manager South America AGCO AMERICA DO SUL, RUA JAMES JOULE, 92 - CONJ 161 BROOKLIN, SAO PAULO D5 04576-080
Lara Thrush Long officer: VP, Chief Accounting Officer AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096
George E Minnich director 4 WEST RED OAK LANE, WHITE PLAINS NY 10604
Timothy Millwood officer: SVP Chief Supply Chain Officer AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096
Andrew H Beck officer: Sr. VP and CFO
Damon J Audia officer: SVP, Chief Financial Officer 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219
David M. Sagehorn director 2307 OREGON STREET, PO BOX 2566, OSHKOSH WI 54903-2566
Niels Porksen director 4205 RIVER GREEN PARKWAY, DULUTH GA 30096
Hans Bernd Veltmaat officer: Sr VP Manufacturing & Quality AGCO GMBH, VICTOR VON BRUNS STRASSE 17, CH 8212 NEUHAUSEN V8 CH 8212
Gary L Collar officer: SVP, General Manager, EAME 11975 S MAGNOLIA CIRCLE, ALPHARETTA GA 30005
Kelvin Eugene Bennett officer: SVP, Engineering AGCO INTERNATIONAL GMBH, VICTOR VON BRUNS STRASSE 17, NEUHAUSEN AM RHEINFALL V8 CH 8212
Ivory Marie Harris officer: SVP Chief HR Officer AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096
Wolfgang Deml director