Federal-Mogul Holdings (Federal-Mogul Holdings) EBIT : $144 Mil (TTM As of Sep. 2016)

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What is Federal-Mogul Holdings EBIT?

Federal-Mogul Holdings's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2016 was $28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $144 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Federal-Mogul Holdings's annualized ROC % for the quarter that ended in Sep. 2016 was 2.34%. Federal-Mogul Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2016 was 3.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Federal-Mogul Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2016 was 8.54%.

Federal-Mogul Holdings EBIT Historical Data

The historical data trend for Federal-Mogul Holdings'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.

Federal-Mogul Holdings EBIT Chart

Federal-Mogul Holdings Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

EBIT

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87.00

162.00

222.00

-9.00

1.00

Federal-Mogul Holdings Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
EBIT	Get a 7-Day Free Trial															-50.00	17.00	47.00	52.00	28.00

Competitive Comparison of Federal-Mogul Holdings's EBIT

For the Auto Parts subindustry, Federal-Mogul Holdings'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.

Federal-Mogul Holdings's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Federal-Mogul Holdings's EV-to-EBIT distribution charts can be found below:

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

Federal-Mogul Holdings 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 Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $144 Mil.

Federal-Mogul Holdings (NAS:FDML) EBIT Explanation

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

Federal-Mogul Holdings's annualized ROC % for the quarter that ended in Sep. 2016 is calculated as:

	ROC % (Q: Sep. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2016 )	+	Invested Capital (Q: Sep. 2016 ))	/ count )
=	208 * ( 1 - 38.46% )	/	( (5477	+	5476)	/ 2 )
=	128.0032	/	5476.5
=	2.34 %

where

	Invested Capital		(Q: Jun. 2016 )
=	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	))
=	7299	-	1532	-	( 290	-	max(0, 1818	-	3205	+	290	))
=	5477

	Invested Capital		(Q: Sep. 2016 )
=	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	))
=	7317	-	1511	-	( 330	-	max(0, 1830	-	3216	+	330	))
=	5476

Note: The Operating Income data used here is four times the quarterly (Sep. 2016) data.

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

Federal-Mogul Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2016		Q: Sep. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	112	/	( ( (2387 + max(1241, 0))	+	(2400 + max(1230, 0)) )	/	2 )
=	112	/	( ( 3628	+	3630 )	/	2 )
=	112	/	3629
=	3.09 %

where Working Capital is:

	Working Capital		(Q: Jun. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1351	+	1348	+	216)	-	(1532	+	0	+	142)
=	1241

	Working Capital		(Q: Sep. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1341	+	1339	+	206)	-	(1511	+	0	+	145)
=	1230

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2016) EBIT data.

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

Federal-Mogul Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2016 )
	=	144	/	1687.030
	=	8.54 %

Federal-Mogul Holdings EBIT Related Terms

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Federal-Mogul Holdings (Federal-Mogul Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Federal-Mogul Holdings Corp (NAS:FDML) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Website

http://www.federalmogul.com

Federal-Mogul Holdings Corp is supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems. It supplies components, accessories and systems to the automotive, small engine, heavy-duty, marine, railroad, agricultural, off-road, aerospace and energy, industrial and transportation markets, including customers in both the original equipment manufacturers and services market and the replacement market. The Company operates in two segments, Powertrain and Motorparts. The Powertrain segment focuses on original equipment products for automotive, heavy duty and industrial applications. The Motorparts segment sells and distributes a broad portfolio of products in the aftermarket including more than 20 brands. It also serves original equipment manufacturers with products including braking, wipers, and a limited range of chassis. It has operations in markets including Canada, France, Germany, Italy, Japan, Spain, Sweden, the United Kingdom and the United States, and emerging markets including Argentina, Brazil, China, Czech Republic, Hungary, India, Korea, Mexico, Poland, Russia, South Africa, Thailand, Turkey and Venezuela. The Company's operations, consistent with those of the manufacturing sector in general, are subject to numerous existing and proposed laws and governmental regulations designed to protect the environment, particularly regarding plant wastes and emissions and solid waste disposal.

Executives

Carl C Icahn	10 percent owner	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Rainer Jueckstock	director, officer: See Remarks	27300 WEST 11 MILE ROAD, SOUTHFIELD MI 48034
Michael Nevin	director	C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, SUITE 4700, NEW YORK NY 10153
John Patouhas	officer: VP & Chief Accounting Officer	C/O FEDERAL-MOGUL HOLDINGS CORPORATION, 27300 WEST 11 MILE ROAD, SOUTHFIELD MI 48034
Louis Pastor	director	C/O XEROX CORPORATION, 201 MERRITT 7, NORWALK CT 06851
Mather Courtney	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Jerome Rouquet	officer: VP, Controller & CAO	26555 NORTHWESTERN HIGHWAY, SOUTHFIELD MI 48034
Brett D Pynnonen	officer: Sr VP, Genl Counsel & Secy	26555 NORTHWESTERN HIGHWAY, SOUTHFIELD MI 48033
Kevin P Freeland	officer: See Remarks	5008 AIRPORT RD, ROANOKE VA 24012
Hunter Clark Gary	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Michael T Broderick	officer: CEO, Aftermarket Division	26555 NORTHWESTERN HIGHWAY, SOUTHFIELD MI 48033
Sunghwan Cho	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Alan Haughie	officer: Senior VP & CFO	860 RIDGE LAKE BLVD., MEMPHIS TN 38120
Jean Brunol	officer: SVP, Business & Ope Strategy	26555 NORTHWESTERN HIGHWAY SOUTHFIELD MI 48034
Ramzi Hermiz	officer: SVP, Vehicle Safety & Pro.	880 STEEL DRIVE VALLEY CITY OH 44280