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VSE (VSEC) EBIT : $89.2 Mil (TTM As of Dec. 2023)


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What is VSE EBIT?

VSE's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $25.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $89.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VSE's annualized ROC % for the quarter that ended in Dec. 2023 was 7.01%. VSE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. VSE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.39%.


VSE EBIT Historical Data

The historical data trend for VSE'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.

VSE EBIT Chart

VSE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.26 13.92 -2.71 53.60 88.00

VSE 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 15.94 17.93 20.64 25.26 25.32

Competitive Comparison of VSE's EBIT

For the Aerospace & Defense subindustry, VSE'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.


VSE's EV-to-EBIT Distribution in the Aerospace & Defense Industry

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

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



VSE 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 $89.2 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.


VSE  (NAS:VSEC) EBIT Explanation

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

VSE'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 )
=101.276 * ( 1 - 19.99% )/( (1149.563 + 1162.413)/ 2 )
=81.0309276/1155.988
=7.01 %

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))
=1342.98 - 172.75 - ( 20.667 - max(0, 252.148 - 770.363+20.667))
=1149.563

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))
=1350.338 - 180.157 - ( 7.768 - max(0, 286.886 - 774.03+7.768))
=1162.413

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

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

VSE'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 )
=101.276/( ( (78.435 + max(510.291, 0)) + (86.76 + max(498.784, 0)) )/ 2 )
=101.276/( ( 588.726 + 585.544 )/ 2 )
=101.276/587.135
=17.25 %

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)
=(129.113 + 494.368 + 119.958) - (172.75 + 0 + 60.398)
=510.291

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(127.958 + 500.864 + 129.391) - (180.157 + 0 + 79.272)
=498.784

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=89.153/1655.023
=5.39 %

* 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.


VSE EBIT Related Terms

Thank you for viewing the detailed overview of VSE's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


VSE (VSEC) Business Description

Traded in Other Exchanges
Address
6348 Walker Lane, Alexandria, VA, USA, 22310
VSE Corp is a diversified aftermarket products and services company providing repair services, parts distribution, logistics, supply chain management and consulting services for land, sea and air transportation assets to commercial and government markets. Its operations include supply chain management solutions, parts supply and distribution, and maintenance, repair and overhaul (MRO) services for vehicle fleet, aviation, maritime and other customers. It also provide vehicle and equipment refurbishment, logistics, engineering support, data management and healthcare IT solutions, and clean energy consulting services. The company operating segments are Aviation, Fleet and Federal and Defense.
Executives
Edward P Dolanski director 5158 MOHAWK DRIVE, FRISCO TX 75034
John E Potter director 9009 FALLS CHAPEL WAY, POTOMAC MD 20854-2387
James F Lafond director 4401 GULF SHORE BLVD NORTH, UNIT 103, NAPLES FL 34103
Calvin Scott Koonce director 6229 EXECUTIVE BOULEVARD, ROCKVILLE MD 20852
Bonnie K Wachtel director 1101 FOURTEENTH STREET NW, SUITE 800, WASHINGTON DC 20005
Ralph E Eberhart director 909 N. WASHINGTON STREET, ALEXANDRIA VA 22314
Ferguson Iii Mark E director 1444 CLONCURRY ROAD, NORFOLK VA 23505
Anita D Britt director 3000 NW 107TH AVENUE, MIAMI FL 33172
Lloyd Emerson Johnson director 16737 NEW PROVIDENCE LANE, CHARLOTTE NC 28277
Benjamin E. Thomas officer: President, VSE Aviation, Inc. 3361 ENTERPRISE WAY, MIRAMAR FL 33025
Stephen D. Griffin officer: Sr. VP and CFO 6348 WALKER LANE, ALEXANDRIA VA 22310
Farinaz S Tehrani officer: Chief Legal Officer 180 EAST BROAD STREET, COLUMBUS OH 43215
Moore Robert Andrew Iii officer: President, Federal & Defense 6348 WALKER LANE, ALEXANDRIA VA 22310
John A Cuomo director, officer: CEO and President 6348 WALKER LANE, ALEXANDRIA VA 22310
Chad Wheeler officer: President, Wheeler Fleet 384 DRUM AVENUE, SOMERSET PA 15501