Inchcape (Inchcape) EBIT : $783 Mil (TTM As of Dec. 2023)

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What is Inchcape EBIT?

Inchcape's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $399 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $783 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Inchcape's annualized ROC % for the quarter that ended in Dec. 2023 was 11.51%. Inchcape's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 41.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Inchcape's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.58%.

Inchcape EBIT Historical Data

The historical data trend for Inchcape'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.

Inchcape EBIT Chart

Inchcape Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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614.81

-113.04

248.27

473.81

783.54

Inchcape Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															177.66	256.90	219.73	383.21	399.37

Competitive Comparison of Inchcape's EBIT

For the Auto & Truck Dealerships subindustry, Inchcape'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.

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

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

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

Inchcape 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 semi-annually data reported by the company within the most recent 12 months, which was $783 Mil.

Inchcape (OTCPK:IHCPF) EBIT Explanation

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

Inchcape'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	793.67 * ( 1 - 31.28% )	/	( (4043.308	+	5430.38)	/ 2 )
=	545.410024	/	4736.844
=	11.51 %

where

	Invested Capital		(Q: Jun. 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	))
=	8398.864	-	3749.369	-	( 606.187	-	max(0, 4385.606	-	5078.283	+	606.187	))
=	4043.308

	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	))
=	9036.709	-	3326.582	-	( 751.899	-	max(0, 5226.582	-	5506.329	+	751.899	))
=	5430.38

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Inchcape'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	798.734	/	( ( (1490.53 + max(511.869, 0))	+	(1591.139 + max(246.835, 0)) )	/	2 )
=	798.734	/	( ( 2002.399	+	1837.974 )	/	2 )
=	798.734	/	1920.1865
=	41.60 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1057.955	+	3203.409	+	210.732)	-	(3749.369	+	0	+	210.858)
=	511.869

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(554.43	+	3440.506	+	550.633)	-	(3326.582	+	0	+	972.152)
=	246.835

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	782.574	/	5366.560
	=	14.58 %

Inchcape EBIT Related Terms

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Inchcape (Inchcape) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Inchcape PLC (OTCPK:IHCPF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

INCHl:UK INCH:UK IJCA:Germany

Address

22a St James's Square, London, GBR, SW1Y 5LP

Website

https://www.inchcape.com

Inchcape PLC, headquartered in the United Kingdom, is a distributor and retailer of premium and luxury automobiles through partnerships with original equipment manufacturers (OEMs). The company has four reportable segments and two operating business units: distribution and retail. The distribution segment delivers new vehicles and parts in three geographies (Europe, Asia Pacific (APAC), the Americas, and Africa) and provides associated marketing and logistics operations. The retail segment sells new and used vehicles in the U.K. and Europe. The company's profitable revenue sources are distribution services performed in APAC and retail services in the U.K. and Europe.