GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Leonardo SpA (OTCPK:FINMY) » Definitions » EBIT

Leonardo SpA (Leonardo SpA) EBIT : $569 Mil (TTM As of Sep. 2023)


View and export this data going back to 2008. Start your Free Trial

What is Leonardo SpA EBIT?

Leonardo SpA's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $203 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $569 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Leonardo SpA's annualized ROC % for the quarter that ended in Sep. 2023 was 7.12%. Leonardo SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 30.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Leonardo SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 4.14%.


Leonardo SpA EBIT Historical Data

The historical data trend for Leonardo SpA'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.

Leonardo SpA EBIT Chart

Leonardo SpA 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 1,180.00 514.60 1,005.65 1,164.20 -

Leonardo SpA 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 592.16 87.79 278.44 202.78 -

Competitive Comparison of Leonardo SpA's EBIT

For the Aerospace & Defense subindustry, Leonardo SpA'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.


Leonardo SpA's EV-to-EBIT Distribution in the Aerospace & Defense Industry

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

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



Leonardo SpA 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $569 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.


Leonardo SpA  (OTCPK:FINMY) EBIT Explanation

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

Leonardo SpA's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=811.1 * ( 1 - 3.13% )/( (26273.023 + -4217.716)/ 2 )
=785.71257/11027.6535
=7.12 %

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))
=31191.766 - 5547.129 - ( 1177.681 - max(0, 16785.482 - 16157.096+1177.681))
=26273.023

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))
=0 - 3262.54 - ( 955.176 - max(0, 3361.793 - 6371.398+955.176))
=-4217.716

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

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

Leonardo SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=811.1/( ( (3238.353 + max(-5846.153, 0)) + (0 + max(2153.682, 0)) )/ 2 )
=811.1/( ( 3238.353 + 2153.682 )/ 2 )
=811.1/2696.0175
=30.09 %

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)
=(3763.814 + 6066.089 + 774.648) - (5547.129 + 0 + 10903.575)
=-5846.153

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3779.082 + 1637.14 + 0) - (3262.54 + 0 + 0)
=2153.682

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=569.009/13732.843
=4.14 %

* 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.


Leonardo SpA EBIT Related Terms

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


Leonardo SpA (Leonardo SpA) Business Description

Address
Piazza Monte Grappa 4, Rome, ITA, 00195
Leonardo is one of the largest European defense firms, with 30% of its shares owned by the Italian government. The group's divisions include helicopters; defense, electronics, and security systems; and aeronautics. The helicopter division serves both military and civil markets through AgustaWestland. DES has access to the U.S. defense market through the DRS subsidiary. The aeronautics division cooperates in international programs, such as Eurofighter Typhoon, F-35, and the new Tempest, and supplies aerostructures to large commercial aircraft programs.