GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » American Axle & Mfg Holdings Inc (NYSE:AXL) » Definitions » EBIT

American Axle & Mfg Holdings (American Axle & Mfg Holdings) EBIT : $177 Mil (TTM As of Dec. 2023)


View and export this data going back to 1999. Start your Free Trial

What is American Axle & Mfg Holdings EBIT?

American Axle & Mfg Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $37 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $177 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. American Axle & Mfg Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 5.60%. American Axle & Mfg Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. American Axle & Mfg Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.46%.


American Axle & Mfg Holdings EBIT Historical Data

The historical data trend for American Axle & Mfg Holdings'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.

American Axle & Mfg Holdings EBIT Chart

American Axle & Mfg Holdings 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 -315.70 -398.00 196.40 240.80 177.20

American Axle & Mfg Holdings 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 60.30 45.40 63.50 31.40 36.90

Competitive Comparison of American Axle & Mfg Holdings's EBIT

For the Auto Parts subindustry, American Axle & Mfg Holdings'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.


American Axle & Mfg Holdings's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where American Axle & Mfg Holdings's EV-to-EBIT falls into.



American Axle & Mfg Holdings 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 $177 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.


American Axle & Mfg Holdings  (NYSE:AXL) EBIT Explanation

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

American Axle & Mfg Holdings'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 )
=151.2 * ( 1 - -43.61% )/( (3869 + 3890.4)/ 2 )
=217.13832/3879.7
=5.60 %

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:

American Axle & Mfg Holdings'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 )
=147.6/( ( (1879 + max(320.9, 0)) + (1876.5 + max(324, 0)) )/ 2 )
=147.6/( ( 2199.9 + 2200.5 )/ 2 )
=147.6/2200.2
=6.71 %

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)
=(885.2 + 460.4 + 178) - (990.4 + 15.5 + 196.8)
=320.9

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(818.5 + 482.9 + 185.3) - (946 + 16.6 + 200.1)
=324

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:

American Axle & Mfg Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=177.2/3244.422
=5.46 %

* 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.


American Axle & Mfg Holdings EBIT Related Terms

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


American Axle & Mfg Holdings (American Axle & Mfg Holdings) Business Description

Traded in Other Exchanges
Address
One Dauch Drive, Detroit, MI, USA, 48211-1198
American Axle & Mfg Holdings Inc is engaged in manufacturing, engineering, designing and validation of driveline systems and related components and chassis modules for light trucks, SUVs, crossover vehicles, passenger cars, and commercial vehicles. The company's segment includes Driveline and Metal Forming. It generates maximum revenue from the Driveline segment.
Executives
Terri M. Kemp officer: Senior VP Human Resources ONE DAUCH DRIVE, DETROIT MI 48211
Matthew K. Paroly officer: VP & General Counsel ONE DAUCH DRIVE, DETROIT MI 48211
Norman Willemse officer: VP, Metal Form Prod. Bus. Unit ONE DAUCH DRIVE, DETROIT MI 48211-1198
James A Mccaslin director
Herbert K Parker director 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
John F. Smith director ONE DAUCH DR., DETROIT MI 48211
Tolga I Oal officer: President, AAM North America 201 ISABELLA STREET, PITTSTBURGH PA 15212
Alberto L Satine officer: VP-Procurement ONE DAUCH DRIVE, DETROIT MI 48211
Sandra E. Pierce director 2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Miller William P Ii director 20 S. WACKER DR., CHICAGO IL 60606
Michael Joseph Lynch officer: VP Finance & Controller ONE DAUCH DRIVE, DETROIT MI 48211
Michael K Simonte officer: VP & Treasurer ONE DAUCH DRIVE, DETROIT MI 48211-1198
Bowes Timothy Earl Joseph officer: Senior VP Corporate Planning 2135 WEST MAPLE ROAD, TROY MI 48084
Elizabeth Anne Chappell director ONE DAUCH DRIVE, DETROIT MI 48211
Christopher John May officer: VP & CFO ONE DAUCH DRIVE, DETROIT MI 48211

American Axle & Mfg Holdings (American Axle & Mfg Holdings) Headlines