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Garrett Motion (Garrett Motion) EBIT : $486 Mil (TTM As of Mar. 2024)


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What is Garrett Motion EBIT?

Garrett Motion's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $112 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $486 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Garrett Motion's annualized ROC % for the quarter that ended in Mar. 2024 was 27.17%. Garrett Motion's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 88.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Garrett Motion's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 13.10%.


Garrett Motion EBIT Historical Data

The historical data trend for Garrett Motion'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.

Garrett Motion EBIT Chart

Garrett Motion Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 415.00 199.00 622.00 506.00 510.00

Garrett Motion Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 135.00 131.00 120.00 123.00 112.00

Competitive Comparison of Garrett Motion's EBIT

For the Auto Parts subindustry, Garrett Motion'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.


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

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

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



Garrett Motion 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 $486 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.


Garrett Motion  (NAS:GTX) EBIT Explanation

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

Garrett Motion'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 )
=432 * ( 1 - 18.52% )/( (1301 + 1290)/ 2 )
=351.9936/1295.5
=27.17 %

where

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

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

Garrett Motion'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 )
=448/( ( (517 + max(-439, 0)) + (495 + max(-327, 0)) )/ 2 )
=448/( ( 517 + 495 )/ 2 )
=448/506
=88.54 %

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)
=(614 + 263 + 42) - (1194 + 15 + 149)
=-439

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(621 + 272 + 83) - (1139 + 17 + 147)
=-327

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=486/3709.484
=13.10 %

* 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.


Garrett Motion EBIT Related Terms

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


Garrett Motion (Garrett Motion) Business Description

Traded in Other Exchanges
Address
La Piece 16, Rolle, CHE, 1180
Garrett Motion Inc designs, manufactures and sells engineered turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers (OEMs) and the vehicle independent aftermarket, as well as automotive software solutions. The company is a technology leader with expertise in delivering products across gasoline, diesel, natural gas and electrified powertrains. The company also sells its technologies in the aftermarket through its distribution network.
Executives
Centerbridge Special Credit Partners Iii-flex, L.p. 10 percent owner 375 PARK AVENUE, 12TH AVENUE, NEW YORK NY 10152
Cyrus Capital Partners, L.p. 10 percent owner 65 EAST 55 STREET, 35TH FLOOR, NEW YORK NY 10022
Pierre Barthelet officer: SVP, Marketing & Prod Mgmt C/O GARRETT MOTION INC., LA PIECE 16, ROLLE V8 1180
Baupost Group Llc/ma 10 percent owner 10 ST JAMES AVE, SUITE 1700, BOSTON MA 02116
Cscp Iii Cayman Gp Ltd. 10 percent owner 375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152
Baupost Group Gp, L.l.c. 10 percent owner 10 ST. JAMES AVENUE, SUITE 1700, BOSTON MA 02116
Seth A Klarman 10 percent owner 10 ST JAMES AVENUE, STE 1700, BOSTON MA 02116
Centerbridge Credit Gp Investors, L.l.c. 10 percent owner 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Special Credit Partners General Partner Iii, L.p. 10 percent owner 375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152
Ccp Iii Cayman Gp Ltd. 10 percent owner C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Cayman Gp, Ltd. 10 percent owner C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Partners Master, L.p. 10 percent owner 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Partners Offshore General Partner, L.p. 10 percent owner 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Jeffrey Aronson 10 percent owner 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Kevin Mahony director 375 PARK AVENUE, NEW YORK NY 10152