Scania AB (FRA:SNAB) EBIT : €1,036 Mil (TTM As of Dec. 2015)

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What is Scania AB EBIT?

Scania AB's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2015 was €279 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was €1,036 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Scania AB's annualized ROC % for the quarter that ended in Dec. 2015 was 6.11%. Scania AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was 19.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Scania AB's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was 4.69%.

Scania AB EBIT Historical Data

The historical data trend for Scania AB'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.

Scania AB EBIT Chart

Scania AB Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

EBIT

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1,452.31

1,017.80

1,039.22

957.08

1,040.26

Scania AB Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
EBIT	Get a 7-Day Free Trial															281.39	242.77	268.64	245.92	278.74

Competitive Comparison of Scania AB's EBIT

For the Trucking subindustry, Scania AB'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.

Scania AB's EV-to-EBIT Distribution in the Transportation Industry

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

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

Scania AB 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,036 Mil.

Scania AB (FRA:SNAB) EBIT Explanation

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

Scania AB's annualized ROC % for the quarter that ended in Dec. 2015 is calculated as:

	ROC % (Q: Dec. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2015 )	+	Invested Capital (Q: Dec. 2015 ))	/ count )
=	1121.86 * ( 1 - 25.08% )	/	( (13653.997	+	13840.142)	/ 2 )
=	840.497512	/	13747.0695
=	6.11 %

where

	Invested Capital		(Q: Sep. 2015 )
=	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	))
=	14976.242	-	0	-	( 1472.202	-	max(0, 5106.856	-	6429.101	+	1472.202	))
=	13653.997

	Invested Capital		(Q: Dec. 2015 )
=	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	))
=	15267.756	-	1256.849	-	( 1351.85	-	max(0, 5997.186	-	6167.951	+	1351.85	))
=	13840.142

Note: The Operating Income data used here is four times the quarterly (Dec. 2015) data.

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

Scania AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2015		Q: Dec. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1114.94	/	( ( (2627.342 + max(2136.999, 0))	+	(4943.202 + max(1924.668, 0)) )	/	2 )
=	1114.94	/	( ( 4764.341	+	6867.87 )	/	2 )
=	1114.94	/	5816.1055
=	19.17 %

where Working Capital is:

	Working Capital		(Q: Sep. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	1909.826	+	3047.073)	-	(0	+	0	+	2819.9)
=	2136.999

	Working Capital		(Q: Dec. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(754.498	+	1828.478	+	2233.125)	-	(1256.849	+	0	+	1634.584)
=	1924.668

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2015) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2015 )
	=	1036.055	/	22112.560
	=	4.69 %

Scania AB EBIT Related Terms

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Scania AB (FRA:SNAB) Business Description

Industry

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Address

Website

http://www.scania.com

Scania AB was founded in 1891. The Company is engaged in manufacturing & marketing heavy trucks, buses & engines for automotive & marine industries. It also offers spare parts, maintenance & driver training, short-term truck rentals and fleet management services & financing. The company's operations are divided into two different operating segments, the Vehicles and Services operating segment encompasses the following products: trucks, buses and engines, including the services associated with these products and the Financial Services operating segment provides financial solutions to Scania customers, such as loan financing, lease contracts and insurance solutions. The sales of the Company's products occur in all five geographic areas. Financial Services is found mainly in the European markets and to a lesser extent in the others. The Company's research and development work occurs in Sweden. Manufacturing of trucks, buses and industrial and marine engines occurs in Sweden, Argentina, Brazil, France, the Netherlands, Poland and Russia.

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