Westinghouse Air Brake Technologies (Westinghouse Air Brake Technologies) EBIT : $1,310 Mil (TTM As of Dec. 2023)

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What is Westinghouse Air Brake Technologies EBIT?

Westinghouse Air Brake Technologies's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $335 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,310 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Westinghouse Air Brake Technologies's annualized ROC % for the quarter that ended in Dec. 2023 was 5.87%. Westinghouse Air Brake Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 69.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Westinghouse Air Brake Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.07%.

Westinghouse Air Brake Technologies EBIT Historical Data

The historical data trend for Westinghouse Air Brake Technologies'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.

Westinghouse Air Brake Technologies EBIT Chart

Westinghouse Air Brake Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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666.00

756.00

914.00

1,040.00

1,310.00

Westinghouse Air Brake Technologies 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															261.00	281.00	314.00	380.00	335.00

Competitive Comparison of Westinghouse Air Brake Technologies's EBIT

For the Railroads subindustry, Westinghouse Air Brake Technologies'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.

Westinghouse Air Brake Technologies's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Westinghouse Air Brake Technologies's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Westinghouse Air Brake Technologies's EV-to-EBIT falls into.

Westinghouse Air Brake Technologies 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 $1,310 Mil.

Westinghouse Air Brake Technologies (NYSE:WAB) EBIT Explanation

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

Westinghouse Air Brake Technologies'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 )
=	1232 * ( 1 - 22.5% )	/	( (16270	+	16238)	/ 2 )
=	954.8	/	16254
=	5.87 %

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	))
=	18800	-	2145	-	( 385	-	max(0, 3891	-	4634	+	385	))
=	16270

	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	))
=	18988	-	2130	-	( 620	-	max(0, 4056	-	4855	+	620	))
=	16238

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

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

Westinghouse Air Brake Technologies'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 )
=	1340	/	( ( (1419 + max(507, 0))	+	(1485 + max(436, 0)) )	/	2 )
=	1340	/	( ( 1926	+	1921 )	/	2 )
=	1340	/	1923.5
=	69.66 %

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)
=	(1104	+	2246	+	289)	-	(2145	+	679	+	308)
=	507

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1160	+	2284	+	267)	-	(2130	+	804	+	341)
=	436

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:

Westinghouse Air Brake Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1310	/	32183.772
	=	4.07 %

Westinghouse Air Brake Technologies EBIT Related Terms

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Westinghouse Air Brake Technologies (Westinghouse Air Brake Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Westinghouse Air Brake Technologies Corp (NYSE:WAB) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

WAB:Mexico WB2:Germany WB2:Germany W1AB34:Brazil

Address

30 Isabella Street, Pittsburgh, PA, USA, 15212

Website

https://www.wabteccorp.com

Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the rail industry. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment.

Executives

Kristine Kubacki	other: VP, Investor Relations	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Michael Fetsko	officer: Pres., Freight Components Grp.	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Alicia Hammersmith	officer: President - Services Group	30 ISABELLA STREET, PITTSBURGH PA 15212
Albert J Neupaver	director
William E Kassling	director	C/O WASTEC, 10001 AIR BREAK AVE, WILMERDING PA 15148
Mastalerz John A Jr	officer: VP Fin., Corp. Controller, CAO	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Linda S Harty	director	MEDTRONIC PLC, 710 MEDTRONIC PARKWAY NE, LC-150, MINNEAPOLIS MN 55432
David L Deninno	officer: Exec VP, General Counsel, Sec.	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Byron S Foster	director	30 ISABELLA ST., PITTSBURGH PA 15212
Lee C Banks	director	PARKER HANNIFIN CORP, 6035 PARKLAND BLVD, CLEVELAND OH 44124-4141
Ann R. Klee	director	30 ISABELLA ST., PITTSBURGH PA 15212
Eric Gebhardt	officer: Chief Technology Officer	30 ISABELLA STREET, PITTSBURGH PA 15212
Gregory Sbrocco	officer: Sr. VP, Global Operations	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Lilian Leroux	officer: President, Transit Group	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
John A Olin	officer: Executive Vice President & CFO	HARLEY-DAVIDSON, INC., 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208