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Modine Manufacturing Co (Modine Manufacturing Co) EBIT : $241 Mil (TTM As of Dec. 2023)


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What is Modine Manufacturing Co EBIT?

Modine Manufacturing Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $61 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $241 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Modine Manufacturing Co's annualized ROC % for the quarter that ended in Dec. 2023 was 15.51%. Modine Manufacturing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 39.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Modine Manufacturing Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.61%.


Modine Manufacturing Co EBIT Historical Data

The historical data trend for Modine Manufacturing Co'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.

Modine Manufacturing Co EBIT Chart

Modine Manufacturing Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 105.60 33.10 -99.90 117.10 146.00

Modine Manufacturing Co 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 39.10 48.20 65.90 65.80 61.20

Competitive Comparison of Modine Manufacturing Co's EBIT

For the Auto Parts subindustry, Modine Manufacturing Co'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.


Modine Manufacturing Co's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

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



Modine Manufacturing Co 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 quarterly data reported by the company within the most recent 12 months, which was $241 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.


Modine Manufacturing Co  (NYSE:MOD) EBIT Explanation

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

Modine Manufacturing Co'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=234 * ( 1 - 18.59% )/( (1210 + 1246.4)/ 2 )
=190.4994/1228.2
=15.51 %

where

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

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

Modine Manufacturing Co'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=244.8/( ( (303.8 + max(304.4, 0)) + (317.3 + max(312.7, 0)) )/ 2 )
=244.8/( ( 608.2 + 630 )/ 2 )
=244.8/619.1
=39.54 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(377 + 321.5 + 79.3) - (274.9 + 0 + 198.5)
=304.4

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(364.4 + 341.3 + 62.8) - (255.3 + 0 + 200.5)
=312.7

When net working capital is negative, 0 is used.

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

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

Modine Manufacturing Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=241.1/5234.078
=4.61 %

* 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.


Modine Manufacturing Co EBIT Related Terms

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Modine Manufacturing Co (Modine Manufacturing Co) Business Description

Traded in Other Exchanges
Address
1500 DeKoven Avenue, Racine, WI, USA, 53403-2552
Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers.
Executives
Michael B Lucareli officer: EVP, CFO 1500 DEKOVEN AVE,, RACINE WI 53403
Christopher William Patterson director 613 NW 11TH AVE, PORTLAND OR 97209
David J. Wilson director 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Suresh V Garimella director 585 PURDUE MALL, WEST LAFAYETTE IN 47907
William A Wulfsohn director ASHLAND INC., 50 EAST RIVERCENTER BLVD., COVINGTON KY 41011
Eric D Ashleman director 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Katherine Carolyn Harper director 263 TRESSER BOULEVARD, STAMFORD CT 06901
Marsha C Williams director EQUITY OFFICE PROPERTIES, CHICAGO IL 60606
Larry Oscar Moore director 2104 CALVERTON LN SW, ATLANTA GA 30331
Christine Y Yan director C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Adrian Ian Peace officer: President, Performance Technol 1500 DEKOVEN AVE., RACINE WI 53403
Eric S Mcginnis officer: President, Climate Solutions 200 STATE STREET, BELOIT WI 53511
Brian Jon Agen officer: VP, Human Resources 1500 DEKOVEN AVE., RACINE WI 53403
Sylvia Ann Stein officer: VP, GC, Corp. Sec. and CCO 1500 DEKOVEN AVE., RACINE WI 53403
Neil David Brinker director, officer: President and CEO 1625 SHARP POINT DRIVE, FORT COLLINS CO 80525