KONE Oyj (KONE Oyj) EBIT : $1,355 Mil (TTM As of Mar. 2024)

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What is KONE Oyj EBIT?

KONE Oyj's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $300 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1,355 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. KONE Oyj's annualized ROC % for the quarter that ended in Mar. 2024 was 11.44%. KONE Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 139.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. KONE Oyj's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.54%.

KONE Oyj EBIT Historical Data

The historical data trend for KONE Oyj'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.

KONE Oyj EBIT Chart

KONE Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,374.44

1,517.64

1,510.28

1,113.56

1,342.86

KONE Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															272.70	317.44	349.63	388.33	299.67

Competitive Comparison of KONE Oyj's EBIT

For the Specialty Industrial Machinery subindustry, KONE Oyj'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.

KONE Oyj's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, KONE Oyj's EV-to-EBIT distribution charts can be found below:

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

KONE Oyj 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,355 Mil.

KONE Oyj (OTCPK:KNYJF) EBIT Explanation

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

KONE Oyj's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	1140.436 * ( 1 - 22.51% )	/	( (7513.523	+	7937.826)	/ 2 )
=	883.7238564	/	7725.6745
=	11.44 %

where

	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	))
=	9521.047	-	1272.519	-	( 1840.567	-	max(0, 5550.709	-	6285.714	+	1840.567	))
=	7513.523

	Invested Capital		(Q: Mar. 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	))
=	9024.457	-	1187.391	-	( 510.652	-	max(0, 5805.217	-	5704.457	+	510.652	))
=	7937.826

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

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

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

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1198.696	/	( ( (850.273 + max(-1586.914, 0))	+	(870 + max(-1197.173, 0)) )	/	2 )
=	1198.696	/	( ( 850.273	+	870 )	/	2 )
=	1198.696	/	860.1365
=	139.36 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2720.938	+	874.809	+	243.948)	-	(1272.519	+	0	+	4154.09)
=	-1586.914

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2673.152	+	890.326	+	914.783)	-	(1187.391	+	0	+	4488.043)
=	-1197.173

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1355.075	/	24480.234
	=	5.54 %

KONE Oyj EBIT Related Terms

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KONE Oyj (KONE Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KONE Oyj (OTCPK:KNYJF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

KNYJY:USA 1KNEBV:Italy KNEBVh:UK 0II2:UK KNEBV:Finland KC4:Germany

Address

Keilasatama 3, P.O. Box 7, Espoo, FIN, FI-02150

Website

https://www.kone.com

Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.