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Heico (HEI) EBIT

: $679 Mil (TTM As of Jan. 2024)
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Heico's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $181 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $679 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Heico's annualized ROC % for the quarter that ended in Jan. 2024 was 9.73%. Heico's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 55.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Heico's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 2.54%.


Heico EBIT Historical Data

The historical data trend for Heico'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.

Heico Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 459.54 378.01 394.34 497.41 628.27

Heico Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 130.07 157.43 150.27 190.49 180.89

Competitive Comparison

For the Aerospace & Defense subindustry, Heico'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.


Heico EV-to-EBIT Distribution

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

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



Heico 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $679 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.


Heico  (NYSE:HEI) EBIT Explanation

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

Heico's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=720.84 * ( 1 - 11.81% )/( (6521.838 + 6540.39)/ 2 )
=635.708796/6531.114
=9.73 %

where

Invested Capital(Q: Oct. 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))
=7195.063 - 502.177 - ( 171.048 - max(0, 665.342 - 1855.342+171.048))
=6521.838

Invested Capital(Q: Jan. 2024 )
=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))
=7336.069 - 599.356 - ( 196.323 - max(0, 604.095 - 1912.359+196.323))
=6540.39

Note: The Operating Income data used here is four times the quarterly (Jan. 2024) data.

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

Heico's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=723.556/( ( (321.848 + max(945.554, 0)) + (327.661 + max(1007.792, 0)) )/ 2 )
=723.556/( ( 1267.402 + 1335.453 )/ 2 )
=723.556/1301.4275
=55.60 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(509.075 + 1013.68 + 49.837) - (502.177 + 87.556 + 37.305)
=945.554

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(471.697 + 1068.735 + 66.716) - (599.356 + 0 + 0)
=1007.792

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2024 )
=679.083/26757.341
=2.54 %

* 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.


Heico EBIT Related Terms

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Heico (HEI) Business Description

Traded in Other Exchanges
Address
3000 Taft Street, Hollywood, FL, USA, 33021
Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts, primarily for engines. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is highly acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.
Executives
Carol F. Fine director 3000 TAFT STREET, HOLLYWOOD FL 33021
Laurans A Mendelson director, 10 percent owner, officer: COB and CEO
Wolfgang Mayrhuber director C/O HEICO, 3000 TAFT STREET, HOLLYWOOD FL 33021
Adolfo Henriques director C/O UNION PLANTERS CORP, 6200 POPLAR AVE, MEMPHIS TN 38119
Julie Neitzel director 3000 TAFT STREET, HOLLYWOOD FL 33021
Mark H Hildebrandt director 3000 TAFT STREET, HOLLYWOOD FL 33021
Frank J Schwitter director 45 SUTTON PLACE SOUTH APT. 12G, NEW YORK X1 10022
Eric A Mendelson director, officer: Co-President
Victor H Mendelson director, officer: Executive Vice President
Thomas M Culligan director 3000 TAFT STREET, HOLLYWOOD FL 33021
Alan Schriesheim director 3000 TAFT STREET, HOLLYWOOD FL 33021
Thomas S Irwin officer: Executive Vice President, CFO 3000 TAFT STREET, HOLLYWOOD FL 33021
Steven M Walker officer: Chief Accounting Officer 3000 TAFT STREET, HOLLYWOOD FL 33021
Samuel L Higginbottom director
Carlos L Macau officer: EVP-CFO & Treasurer 3000 TAFT STREET, HOLLYWOOD FL 33021