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Expeditors International of Washington (Expeditors International of Washington) EBIT : $1,020 Mil (TTM As of Dec. 2023)


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What is Expeditors International of Washington EBIT?

Expeditors International of Washington's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $217 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,020 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Expeditors International of Washington's annualized ROC % for the quarter that ended in Dec. 2023 was 35.10%. Expeditors International of Washington's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 66.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Expeditors International of Washington's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.79%.


Expeditors International of Washington EBIT Historical Data

The historical data trend for Expeditors International of Washington'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.

Expeditors International of Washington EBIT Chart

Expeditors International of Washington 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 766.69 956.78 1,925.03 1,859.17 1,019.83

Expeditors International of Washington 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 343.29 303.22 266.58 233.49 216.54

Competitive Comparison of Expeditors International of Washington's EBIT

For the Integrated Freight & Logistics subindustry, Expeditors International of Washington'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.


Expeditors International of Washington's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Expeditors International of Washington's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Expeditors International of Washington's EV-to-EBIT falls into.



Expeditors International of Washington 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 $1,020 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.


Expeditors International of Washington  (NYSE:EXPD) EBIT Explanation

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

Expeditors International of Washington'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 )
=797.592 * ( 1 - 26.45% )/( (1655.321 + 1687.172)/ 2 )
=586.628916/1671.2465
=35.10 %

where

Invested Capital(Q: Sep. 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))
=4578.121 - 1283.372 - ( 1639.428 - max(0, 1667.045 - 3511.916+1639.428))
=1655.321

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))
=4523.809 - 1323.754 - ( 1512.883 - max(0, 1704.412 - 3435.196+1512.883))
=1687.172

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

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

Expeditors International of Washington'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 )
=866.14/( ( (987.905 + max(305.319, 0)) + (995.505 + max(317.65, 0)) )/ 2 )
=866.14/( ( 1293.224 + 1313.155 )/ 2 )
=866.14/1303.1895
=66.46 %

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)
=(1458.983 + 0 + 413.505) - (1283.372 + 283.797 + 0)
=305.319

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1532.599 + 0 + 389.714) - (1323.754 + 280.909 + 2.2737367544323E-13)
=317.65

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:

Expeditors International of Washington's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1019.828/15022.043
=6.79 %

* 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.


Expeditors International of Washington EBIT Related Terms

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Expeditors International of Washington (Expeditors International of Washington) Business Description

Traded in Other Exchanges
Address
1015 Third Avenue, Seattle, WA, USA, 98104
Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. Its offers freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, and numerous other value-added logistics services. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. In 2022, Expeditors derived 34% of consolidated net revenue from airfreight, 30% from ocean freight, and 36% from customs brokerage and other services.
Executives
Jeffrey S Musser officer: Senior VP and CIO C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 981041190
Jeffrey F Dickerman officer: Senior VP - General Counsel 1015 THIRD AVENUE, SEATTLE WA 98104
Benjamin G. Clark officer: Senior VP - General Counsel 1015 THIRD AVENUE, 12TH FLOOR, SEATTLE WA 98110
Bradley S Powell officer: Chief Financial Officer C/O EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 981041190
Blake R Bell officer: President, Global Products 1015 THIRD AVENUE, SEATTLE WA 98104
Eugene K Alger officer: Executive VP-North America 1015 THIRD AVENUE, SEATTLE WA 981041190
Brandon Pedersen director EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 98104
Robert R Wright director C/O EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 981041190
Olivia D Polius director C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 98104
Christopher J. Mcclincy officer: Senior VP - CIO 1015 THIRD AVENUE, 12TH FLOOR, SEATTLE WA 98104-1190
Glenn M Alger director 1015 THIRD AVENUE, SEATTLE WA 981041190
Daniel R Wall officer: SVP - Ocean Services C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 981041190
Richard H Rostan officer: President - Global Geographies C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 98104
Mark A Emmert director C/O EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 981041190
Philip M Coughlin officer: Executive VP-North America 1015 THIRD AVENUE, SEATTLE WA 981041190

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