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AeroVironment (AeroVironment) EBIT : $-100.9 Mil (TTM As of Jan. 2024)


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What is AeroVironment EBIT?

AeroVironment's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $15.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $-100.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AeroVironment's annualized ROC % for the quarter that ended in Jan. 2024 was 6.31%. AeroVironment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 25.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AeroVironment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -2.30%.


AeroVironment EBIT Historical Data

The historical data trend for AeroVironment'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.

AeroVironment EBIT Chart

AeroVironment Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.83 47.14 34.98 -13.70 -179.01

AeroVironment Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 2.02 -163.85 25.24 22.32 15.34

Competitive Comparison of AeroVironment's EBIT

For the Aerospace & Defense subindustry, AeroVironment'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.


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

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

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



AeroVironment 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-100.9 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.


AeroVironment  (NAS:AVAV) EBIT Explanation

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

AeroVironment's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=57.336 * ( 1 - 8.27% )/( (849.692 + 816.396)/ 2 )
=52.5943128/833.044
=6.31 %

where

Invested Capital(Q: Jan. 2024 )
=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))
=980.299 - 56.209 - ( 107.694 - max(0, 107.531 - 500.691+107.694))
=816.396

Note: The Operating Income data used here is four times the quarterly (Jan. 2024) data.

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

AeroVironment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=61.352/( ( (74.404 + max(180.104, 0)) + (73.957 + max(145.231, 0)) )/ 2 )
=61.352/( ( 254.508 + 219.188 )/ 2 )
=61.352/236.848
=25.90 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(73.865 + 181.767 + 19.958) - (56.1 + 20.44 + 18.946)
=180.104

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(53.236 + 161.384 + 21.708) - (56.209 + 17.536 + 17.352)
=145.231

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2024 )
=-100.949/4396.199
=-2.30 %

* 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.


AeroVironment EBIT Related Terms

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AeroVironment (AeroVironment) Business Description

Traded in Other Exchanges
Address
241 18th Street South, Suite 415, Arlington, VA, USA, 22202
AeroVironment Inc operates under a single business segment in which it supplies unmanned aircraft systems, tactical missile systems, high-altitude pseudo-satellites, and other related services to government agencies within the United States Department of Defense as well as the United States allied international governments. The systems can help with security, surveillance, or sensing, and provide "eyes in the sky" without needing an actual person, or driver, in the sky.
Executives
Mary Beth Long director 309 FRANKLIN STREET, ALEXANDRIA VA 22314
Brian Charles Shackley officer: Chief Accounting Officer 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Cindy Kay Lewis director 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Trace E Stevenson officer: Sr. VP 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Brett P Hush officer: Sr. VP 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Jeff E Rodrian officer: Sr. VP 900 INNOVATORS WAY, SIMI VALLEY CA 93063
Phillip S Davidson director 825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024
Kevin Patrick Mcdonnell officer: Chief Financial Officer 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Stephen F Page director C/O AEROVIRONMENT, INC., 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Edward R Muller director C/O AEROVIRONMENT, INC., 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Charles Thomas Burbage director C/O AEROVIRONMENT, INC., 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Charles R Holland director C/O AEROVIRONMENT, INC., 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Melissa Ann Brown officer: VP, Gen. Counsel, Corp. Sec. 800 ROYAL OAKS DRIVE, SUITE 210, MONROVIA CA 91016
Alison Marie Roelke officer: VP People & Culture 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Timothy E Conver director, 10 percent owner, officer: President and CEO 900 INNOVATORS WAY, SIMI VALLEY CA 93065