Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) EBIT : $-275 Mil (TTM As of Dec. 2023)

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What is Spirit AeroSystems Holdings EBIT?

Spirit AeroSystems Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $195 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-275 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Spirit AeroSystems Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 14.28%. Spirit AeroSystems Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 33.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Spirit AeroSystems Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.82%.

Spirit AeroSystems Holdings EBIT Historical Data

The historical data trend for Spirit AeroSystems 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.

Spirit AeroSystems Holdings EBIT Chart

Spirit AeroSystems Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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755.00

-890.60

-312.60

-295.30

-274.60

Spirit AeroSystems Holdings 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															-183.10	-212.50	-130.30	-126.40	194.60

Competitive Comparison of Spirit AeroSystems Holdings's EBIT

For the Aerospace & Defense subindustry, Spirit AeroSystems 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.

Spirit AeroSystems Holdings's EV-to-EBIT Distribution in the Aerospace & Defense Industry

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

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

Spirit AeroSystems 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-275 Mil.

Spirit AeroSystems Holdings (NYSE:SPR) EBIT Explanation

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

Spirit AeroSystems Holdings'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 )
=	852.8 * ( 1 - 22.06% )	/	( (4654.2	+	4657.6)	/ 2 )
=	664.67232	/	4655.9
=	14.28 %

where

	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	))
=	6538.1	-	1509.8	-	( 374.1	-	max(0, 2350	-	3321.2	+	374.1	))
=	4654.2

	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	))
=	6950.1	-	1469	-	( 823.5	-	max(0, 2198.3	-	3751.8	+	823.5	))
=	4657.6

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

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

Spirit AeroSystems Holdings'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 )
=	778.4	/	( ( (2177.6 + max(40.1, 0))	+	(2176.3 + max(246, 0)) )	/	2 )
=	778.4	/	( ( 2217.7	+	2422.3 )	/	2 )
=	778.4	/	2320
=	33.55 %

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)
=	(579.4	+	1690	+	48.1)	-	(1509.8	+	242.1	+	525.5)
=	40.1

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(555.8	+	1767.3	+	47.3)	-	(1469	+	280.5	+	374.9)
=	246

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:

Spirit AeroSystems Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-274.6	/	7180.692
	=	-3.82 %

Spirit AeroSystems Holdings EBIT Related Terms

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Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Spirit AeroSystems Holdings Inc (NYSE:SPR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

S9Q:Germany

Address

3801 South Oliver Street, Wichita, KS, USA, 67210

Website

https://www.spiritaero.com

Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.

Executives

Alan W Young	officer: SVP Fab & Procurement Officer	3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Sean Black	officer: SVP, Engineering	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mindy Mcpheeters	officer: SVP, GC/Corp Sec	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Justin Welner	officer: SVP, CAO & CCO	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mark Miklos	officer: SVP, Defense & Space	3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Kailash Krishnaswamy	officer: SVP, Aftermarket	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Robert D Johnson	director	HONEYWELL, 1944 E SKY HARBOR CIRCLE, PHOENIX AZ 85034
Ray James R Jr	director	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Fitzgerald William Augustus Iii	director	3801 S OLIVER, MC K11-60, WICHITA KS 67210
Patrick M Shanahan	director	C/O RESILIENCE CAPITAL PARTNERS LLC, 25101 CHAGRIN BLVD 350, BEACHWOOD OH 44122
Terry J George	officer: SVP, Boeing 737 Program	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Damon Christopher Ward	officer: Interim Corporate Controller	3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Stephen Anthony Cambone	director	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mcmullen Victor Rodney Jr	officer: SVP, Wichita & Oklahoma Ops	3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Scott Mclarty	officer: SVP, Airbus Programs	3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210