BAE Systems (BAE Systems) EBIT : $3,369 Mil (TTM As of Dec. 2023)

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

What is BAE Systems EBIT?

BAE Systems's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $1,710 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $3,369 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BAE Systems's annualized ROC % for the quarter that ended in Dec. 2023 was 7.11%. BAE Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 56.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BAE Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.14%.

BAE Systems EBIT Historical Data

The historical data trend for BAE Systems'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.

BAE Systems EBIT Chart

BAE Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

2,588.47

2,564.52

3,223.40

2,795.37

3,373.42

BAE Systems Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															1,502.66	1,126.85	1,680.88	1,659.09	1,710.13

Competitive Comparison of BAE Systems's EBIT

For the Aerospace & Defense subindustry, BAE Systems'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.

BAE Systems's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, BAE Systems's EV-to-EBIT distribution charts can be found below:

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

BAE Systems 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 semi-annually data reported by the company within the most recent 12 months, which was $3,369 Mil.

BAE Systems (OTCPK:BAESY) EBIT Explanation

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

BAE Systems'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	2893.67 * ( 1 - 17.11% )	/	( (31818.183	+	35650.633)	/ 2 )
=	2398.563063	/	33734.408
=	7.11 %

where

	Invested Capital		(Q: Jun. 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	))
=	39094.697	-	6393.939	-	( 4301.768	-	max(0, 12936.869	-	13819.444	+	4301.768	))
=	31818.183

	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	))
=	40587.342	-	3886.076	-	( 5073.418	-	max(0, 13851.899	-	14902.532	+	5073.418	))
=	35650.633

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

BAE Systems'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3420.254	/	( ( (5861.111 + max(-3104.799, 0))	+	(6260.759 + max(-7873.418, 0)) )	/	2 )
=	3420.254	/	( ( 5861.111	+	6260.759 )	/	2 )
=	3420.254	/	6060.935
=	56.43 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8055.556	+	1321.97	+	140.15)	-	(6393.939	+	0	+	6228.536)
=	-3104.799

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1513.924	+	1463.291	+	2021.519)	-	(3886.076	+	0	+	8986.076)
=	-7873.418

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	3369.218	/	54850.645
	=	6.14 %

BAE Systems EBIT Related Terms

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

BAE Systems (BAE Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » BAE Systems PLC (OTCPK:BAESY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

BAESF:USA BAl:UK BA.:UK BSP:Germany

Address

6 Carlton Gardens, Stirling Square, London, GBR, SW1Y 5AD

Website

https://www.baesystems.com

BAE Systems is a British global defense, security, and aerospace company and the largest defense contractor in Europe; it is one of six prime contractors to the U.S. Department of Defense. For reporting purposes, the company has five operating segments: electronics systems is the group's U.S.- and U.K.-based electronic warfare systems; the cyber, security, and intelligence segment supplies intelligence and security solutions to the U.S. government; platforms and services manufactures combat vehicles and munitions and performs ship repair services to the U.S. Defense Department; the air segment includes BAE's share of U.S. and European air programs as well as its businesses in Saudi Arabia and Australia; and the maritime segment comprises U.K. land- and marine-based activities.