Intertek Group (Intertek Group) EBIT : $590 Mil (TTM As of Dec. 2023)

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What is Intertek Group EBIT?

Intertek Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $316 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $590 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Intertek Group's annualized ROC % for the quarter that ended in Dec. 2023 was 13.28%. Intertek Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 73.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Intertek Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.23%.

Intertek Group EBIT Historical Data

The historical data trend for Intertek Group'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.

Intertek Group EBIT Chart

Intertek Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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630.14

501.34

585.37

559.81

590.76

Intertek Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															338.96	243.60	318.88	273.61	316.46

Competitive Comparison of Intertek Group's EBIT

For the Specialty Business Services subindustry, Intertek Group'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.

Intertek Group's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Intertek Group's EV-to-EBIT distribution charts can be found below:

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

Intertek Group 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 semi-annually data reported by the company within the most recent 12 months, which was $590 Mil.

Intertek Group (OTCPK:IKTSF) EBIT Explanation

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

Intertek Group'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	653.164 * ( 1 - 23.76% )	/	( (3569.57	+	3931.265)	/ 2 )
=	497.9722336	/	3750.4175
=	13.28 %

where

	Invested Capital		(Q: Jun. 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	))
=	4400.505	-	933.965	-	( 302.399	-	max(0, 1421.591	-	1318.561	+	302.399	))
=	3569.57

	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	))
=	4478.354	-	433.038	-	( 378.861	-	max(0, 1242.405	-	1356.456	+	378.861	))
=	3931.265

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Intertek Group'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	632.912	/	( ( (824.621 + max(61.49, 0))	+	(847.595 + max(-255.316, 0)) )	/	2 )
=	632.912	/	( ( 886.111	+	847.595 )	/	2 )
=	632.912	/	866.853
=	73.01 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(963.636	+	22.096	+	30.43)	-	(933.965	+	0	+	20.707)
=	61.49

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(648.987	+	21.772	+	105.317)	-	(433.038	+	0	+	598.354)
=	-255.316

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	590.067	/	11275.965
	=	5.23 %

Intertek Group EBIT Related Terms

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Intertek Group (Intertek Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Intertek Group PLC (OTCPK:IKTSF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

IKTSY:USA ITRKl:UK ITRK:UK IT1:Germany

Address

33 Cavendish Square, London, GBR, W1G 0PS

Website

https://www.intertek.com

FTSE 100 firm Intertek is one of the largest and oldest companies in the testing, inspection, and certification industry. The company's primary activities involve testing products and materials, inspecting sites/industrial equipment, and certifying products and systems to ensure global/company standards. Intertek is one of only four TIC companies that operate globally across numerous industries. The firm listed in 2002, following a divestment by Charterhouse. It employs almost 44,000 people worldwide.