GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aon PLC (NYSE:AON) » Definitions » EBIT

Aon (AON) EBIT : $3,653 Mil (TTM As of Dec. 2023)


View and export this data going back to 1984. Start your Free Trial

What is Aon EBIT?

Aon's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $733 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $3,653 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aon's annualized ROC % for the quarter that ended in Dec. 2023 was 9.52%. Aon's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 202.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aon's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.10%.


Aon EBIT Historical Data

The historical data trend for Aon'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.

Aon EBIT Chart

Aon Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,177.00 2,800.00 2,253.00 3,562.00 3,653.00

Aon Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 819.00 1,453.00 788.00 679.00 733.00

Competitive Comparison of Aon's EBIT

For the Insurance Brokers subindustry, Aon'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.


Aon's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Aon's EV-to-EBIT distribution charts can be found below:

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



Aon 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 quarterly data reported by the company within the most recent 12 months, which was $3,653 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.


Aon  (NYSE:AON) EBIT Explanation

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

Aon'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=3552 * ( 1 - 16.75% )/( (30765 + 31353)/ 2 )
=2957.04/31059
=9.52 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Aon'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2932/( ( (1328 + max(-15121, 0)) + (1314 + max(257, 0)) )/ 2 )
=2932/( ( 1328 + 1571 )/ 2 )
=2932/1449.5
=202.28 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3300 + 0 + 838) - (1944 + 282 + 17033)
=-15121

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3254 + 0 + 17268) - (2553 + 270 + 17442)
=257

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=3653/71646.096
=5.10 %

* 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.


Aon EBIT Related Terms

Thank you for viewing the detailed overview of Aon's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Aon (AON) Business Description

Traded in Other Exchanges
Address
James Joyce Street, Metropolitan Building, Dublin 1, IRL, D01 K0Y8
Aon is a leading global provider of insurance and reinsurance brokerage and human resource solutions. Its operations are tilted toward its brokerage operations. Headquartered in London, Aon has about 50,000 employees and operations in over 120 countries around the world.
Executives
Byron Spruell director 200 EAST RANDOLPH ST., CHICAGO IL 60601
Eric Andersen officer: CEO, Aon Benfield 200 EAST RANDOLPH ST., CHICAGO IL 60601
Sarah G Smith director C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Christa Davies officer: EVP, Global Finance AON CORPORATE LAW DEPT, 200 EAST RANDOLPH ST, 8TH FL, CHICAGO IL 60601
Michael Neller officer: Principal Accounting Officer 200 EAST RANDOLPH ST., CHICAGO IL 60601
Mindy F. Simon officer: Chief Operating Officer FOUR EMBARCADERO CENTER, SUITE 2100, SAN FRANCISCO CA 94111
Adriana Karaboutis director C/O BIOGEN IDEC INC., 225 BINNEY ST., CAMBRIDGE MA 02142
Darren Zeidel officer: General Counsel 200 EAST RANDOLPH ST., CHICAGO IL 60640
Lester B Knight director C/O AON CORP, 200 EAST RANDOLPH STREET, CHICAGO IL 60601
Jillian Slyfield officer: Chief Innovation Officer 200 E RANDOLPH ST., CHICAGO IL 60601
J Michael Losh director H.B. FULLER COMPANY, P.O. BOX 64683, ST. PAUL MN 55164-0683
James Platt officer: Chief Operating Officer THE LEADENHALL BUILDING, 122 LEADENHALL ST., LONDON X0 EC3V 4AN
John G Bruno officer: Executive Vice President, CIO
Carolyn Y Woo director 801 E. 86TH AVENUE, MERRILLVILLE IN 4641-
Anthony R Goland officer: EVP and CHRO C/O AON LAW DEPARTMENT, 200 EAST RANDOLPH ST, CHICAGO IL 60601

Aon (AON) Headlines

From GuruFocus

Q3 2023 Aon PLC Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2022 Aon PLC Earnings Call Transcript

By GuruFocus Research 01-22-2024

Aon PLC Annual Shareholders Meeting Transcript

By GuruFocus Research 01-22-2024

Q2 2020 Aon PLC Earnings Call Transcript

By GuruFocus Research 01-22-2024

Aon PLC at JPMorgan US All Stars Conference Transcript

By GuruFocus Research 01-22-2024

Q4 2020 Aon PLC Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q2 2019 Aon PLC Earnings Call Transcript

By GuruFocus Research 01-22-2024