United Parcel Service (United Parcel Service) EBIT

: $9,358 Mil (TTM As of Dec. 2023)

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United Parcel Service's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $2,270 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $9,358 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. United Parcel Service's annualized ROC % for the quarter that ended in Dec. 2023 was 13.17%. United Parcel Service's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 22.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. United Parcel Service's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.57%.

United Parcel Service EBIT Historical Data

The historical data trend for United Parcel Service'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.

United Parcel Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

6,305.00

2,545.00

17,289.00

15,529.00

9,358.00

United Parcel Service Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																4,649.00	2,710.00	2,911.00	1,467.00	2,270.00

Competitive Comparison

For the Integrated Freight & Logistics subindustry, United Parcel Service'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.

United Parcel Service EV-to-EBIT Distribution

For the Transportation industry and Industrials sector, United Parcel Service's EV-to-EBIT distribution charts can be found below:

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

United Parcel Service 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 $9,358 Mil.

United Parcel Service (NYSE:UPS) EBIT Explanation

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

United Parcel Service'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 )
=	9908 * ( 1 - 22.2% )	/	( (57534	+	59556)	/ 2 )
=	7708.424	/	58545
=	13.17 %

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	))
=	70281	-	9313	-	( 7278	-	max(0, 15817	-	19251	+	7278	))
=	57534

	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	))
=	70857	-	9564	-	( 6072	-	max(0, 17676	-	19413	+	6072	))
=	59556

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

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

United Parcel Service'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 )
=	9080	/	( ( (40175 + max(-937, 0))	+	(41253 + max(-278, 0)) )	/	2 )
=	9080	/	( ( 40175	+	41253 )	/	2 )
=	9080	/	40714
=	22.30 %

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)
=	(9461	+	0	+	2512)	-	(9313	+	0	+	3597)
=	-937

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11216	+	0	+	2125)	-	(9564	+	0	+	4055)
=	-278

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:

United Parcel Service's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	9358	/	142433.705
	=	6.57 %

United Parcel Service EBIT Related Terms

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United Parcel Service (United Parcel Service) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Parcel Service Inc (NYSE:UPS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

UPS:Mexico UPA:Germany UPAB:Germany UPAB:Germany UPAB:Germany UPS:Canada UPSS34:Brazil UPSI:Austria

Address

55 Glenlake Parkway, N.E. Atlanta, Atlanta, GA, USA, 30328

Website

https://www.ups.com

As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 25 million packages per day to residences and businesses across the globe. UPS' domestic U.S. package operations generate around 64% of total revenue while international package makes up 20%. Air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remainder.

Executives

Nando Cesarone	officer: President, UPS International	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Laura J Lane	officer: Chief Corp Affairs & Comms Off	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Brian Newman	officer: Chief Financial Officer	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Brothers Norman M. Jr	officer: Sr VP, Gen Counsel & Sec	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Darrell L Ford	officer: Chief Human Resources Officer	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kathleen M. Gutmann	officer: Senior Vice President	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kevin M Warren	officer: Chief Marketing Officer	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Bala Subramanian	officer: Chief Digital & Tech Officer	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Philippe R Gilbert	officer: Pres, Supply Chain Solutions	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Juan R. Perez	officer: Senior Vice President	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Scott A. Price	officer: Chief Transformation Officer	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Russell Stokes	director	ONE FINANCIAL CENTER, SUITE 3700, BOSTON MA 02111
Wayne M. Hewett	director	5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Charlene A Thomas	officer: Chief Human Resources Officer	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kathleen E Johnson	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328