Aggreko (LSE:AGK) EBIT : £-35 Mil (TTM As of Dec. 2020)

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What is Aggreko EBIT?

Aggreko's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2020 was £81 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2020 was £-35 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aggreko's annualized ROC % for the quarter that ended in Dec. 2020 was 2.90%. Aggreko's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was 12.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aggreko's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was -1.57%.

Aggreko EBIT Historical Data

The historical data trend for Aggreko'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.

Aggreko EBIT Chart

Aggreko Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

EBIT

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201.00

185.00

223.00

245.00

-35.00

Aggreko Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
EBIT	Get a 7-Day Free Trial															147.00	81.00	164.00	-116.00	81.00

Competitive Comparison of Aggreko's EBIT

For the Rental & Leasing Services subindustry, Aggreko'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.

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

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

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

Aggreko 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. 2020 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-35 Mil.

Aggreko (LSE:AGK) EBIT Explanation

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

Aggreko's annualized ROC % for the quarter that ended in Dec. 2020 is calculated as:

	ROC % (Q: Dec. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2020 )	+	Invested Capital (Q: Dec. 2020 ))	/ count )
=	88 * ( 1 - 40.98% )	/	( (1748	+	1832)	/ 2 )
=	51.9376	/	1790
=	2.90 %

where

	Invested Capital		(Q: Jun. 2020 )
=	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	))
=	2331	-	460	-	( 123	-	max(0, 669	-	912	+	123	))
=	1748

	Invested Capital		(Q: Dec. 2020 )
=	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	))
=	2154	-	215	-	( 107	-	max(0, 580	-	851	+	107	))
=	1832

Note: The Operating Income data used here is two times the semi-annual (Dec. 2020) data.

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

Aggreko's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2020		Q: Dec. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	162	/	( ( (1082 + max(318, 0))	+	(996 + max(264, 0)) )	/	2 )
=	162	/	( ( 1400	+	1260 )	/	2 )
=	162	/	1330
=	12.18 %

where Working Capital is:

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(307	+	212	+	270)	-	(460	+	0	+	11)
=	318

	Working Capital		(Q: Dec. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(274	+	182	+	288)	-	(215	+	0	+	265)
=	264

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2020) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2020 )
	=	-35	/	2227.039
	=	-1.57 %

Aggreko EBIT Related Terms

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Aggreko (LSE:AGK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aggreko PLC (LSE:AGK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Bothwell Street, 8th Floor, Glasgow, GBR, G2 7JS

Website

https://www.plc.aggreko.com

Aggreko PLC is a provider of cooling and heating rental equipment. The company operates two business units: rental solutions and power solutions. Rental solutions offer power, heating, and cooling equipment to customers in developed markets on a rental basis. Power solutions, the slightly larger business unit by revenue, operates in emerging markets and serves industrial and utility customers with large and complex solutions to their power requirements. Aggreko serves customers in utilities, oil and gas, mining, events, petrochemical and refining, manufacturing, and other sectors worldwide. The company generates the lion's share of its revenue in North America, followed by Africa, Asia, and the Middle East.

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