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Berkshire Hathaway EBIT

: $51,110 Mil (TTM As of Sep. 2020)
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Berkshire Hathaway's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2020 was $38,930 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2020 was $51,110 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Berkshire Hathaway's annualized ROC % for the quarter that ended in Sep. 2020 was 16.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Berkshire Hathaway's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was 8.21%.


Berkshire Hathaway EBIT Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Berkshire Hathaway Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38,461.00 37,408.00 28,224.00 7,854.00 106,657.00

Berkshire Hathaway Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
EBIT 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 Premium Member Only Premium Member Only Premium Member Only 21,474.00 37,794.00 -62,025.00 36,411.00 38,930.00

Berkshire Hathaway 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 Sep. 2020 was 37794 (Dec. 2019 ) + -62025 (Mar. 2020 ) + 36411 (Jun. 2020 ) + 38930 (Sep. 2020 ) = $51,110 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Berkshire Hathaway  (NYSE:BRK.A) EBIT Explanation

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

Berkshire Hathaway's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:

ROC % (Q: Sep. 2020 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2020 ) + Invested Capital (Q: Sep. 2020 ))/ count )
=155720 * ( 1 - 19.82% )/( (715126.25 + 757038.3)/ 2 )
=124856.296/736082.275
=16.96 %

where

Invested Capital(Q: Jun. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash and cash equivalents - 5% * Revenue )
=788133 - 41779 - ( 36074 - 5% * 96925 )
=715126.25

Invested Capital(Q: Sep. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash and cash equivalents - 5% * Revenue )
=829946 - 50821 - ( 26817 - 5% * 94606 )
=757038.3

Note: The EBIT data used here is four times the quarterly (Sep. 2020) data.

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2020 )
=51110/622462.140
=8.21 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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