Phinia (Phinia) EBIT : $274 Mil (TTM As of Mar. 2024)

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What is Phinia EBIT?

Phinia's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $274 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Phinia's annualized ROC % for the quarter that ended in Mar. 2024 was 6.49%. Phinia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 24.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Phinia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.58%.

Phinia EBIT Historical Data

The historical data trend for Phinia'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.

Phinia EBIT Chart

Phinia Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-88.00

221.00

367.00

262.00

Phinia Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial						64.00	60.00	64.00	72.00	78.00

Competitive Comparison of Phinia's EBIT

For the Auto Parts subindustry, Phinia'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.

Phinia's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Phinia's EV-to-EBIT distribution charts can be found below:

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

Phinia 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $274 Mil.

Phinia (NYSE:PHIN) EBIT Explanation

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

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

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	360 * ( 1 - 48.21% )	/	( (2877	+	2870)	/ 2 )
=	186.444	/	2873.5
=	6.49 %

where

	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	))
=	4041	-	799	-	( 365	-	max(0, 1148	-	1927	+	365	))
=	2877

	Invested Capital		(Q: Mar. 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	))
=	3978	-	783	-	( 325	-	max(0, 1122	-	1917	+	325	))
=	2870

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

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

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

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	312	/	( ( (921 + max(161, 0))	+	(888 + max(577, 0)) )	/	2 )
=	312	/	( ( 1082	+	1465 )	/	2 )
=	312	/	1273.5
=	24.50 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(658	+	487	+	58)	-	(799	+	12	+	231)
=	161

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1023	+	489	+	80)	-	(783	+	2	+	230)
=	577

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	274	/	2588.821
	=	10.58 %

Phinia EBIT Related Terms

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Phinia (Phinia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Phinia Inc (NYSE:PHIN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

3A6:Germany

Address

3000 University Drive, Auburn Hills, MI, USA, 48326

Website

Phinia Inc is a leader in the development, design and manufacture of integrated components and systems that optimize performance, increase efficiency and reduce emissions in combustion and hybrid propulsion for commercial vehicles and industrial applications and light vehicles. It is a global supplier to most major original equipment manufacturers (OEMs) and offers a wide range of original equipment service (OES) solutions and remanufactured products as well as an expanded range of products for the independent (non-OEM) aftermarket. Phinia has an extensive original equipment portfolio of advanced fuel injection systems, fuel delivery modules, canisters, starters, alternators, sensors, electronic control modules and associated software.

Executives

Neil Fryer	officer: VP and GM Global Aftermarket*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Samuel R. Chapin	director	940 WINTER STREET, C/O PERKINELMER, WALTHAM MA 02451
Brady D Ericson	officer: President and CEO*	3850 HAMLIN ROAD, AUBURN HILLS MI 48326
Latondra Newton	director	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Daun Norman	director	C/O GARRETT MOTION INC., LA PIECE 16, ROLLE V8 1180
Beasi Alisa Di	officer: VP and CHRO*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Christopher Gustanski	officer: VP, Operational Excellence*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Matthew Logar	officer: VP and CIO*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Michael Coetzee	officer: VP and GM Fuel Syst. Americas*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Samantha Pombier	officer: VP Controller and CAO*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
John Lipinski	officer: VP and GM Fuel Syst. Europe*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Sebastian Dori	officer: VP and CPO*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Todd L Anderson	officer: VP and Chief Tech. Officer*	5605 CARNEGIE BLVD. SUITE 500, CHARLOTTE NC 28209
Roger Wood	director	3850 HAMLIN RD., AUBURN HILLS MI 48326
Robin Kendrick	director	BORGWARNER INC., 3850 HAMLIN ROAD, AUBURN HILLS MI 48326