CNH Industrial NV (CNH Industrial NV) EBIT : $4,048 Mil (TTM As of Dec. 2023)

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What is CNH Industrial NV EBIT?

CNH Industrial NV's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $981 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $4,048 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CNH Industrial NV's annualized ROC % for the quarter that ended in Dec. 2023 was 13.40%. CNH Industrial NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CNH Industrial NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.79%.

CNH Industrial NV EBIT Historical Data

The historical data trend for CNH Industrial NV'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.

CNH Industrial NV EBIT Chart

CNH Industrial NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,968.00

481.00

2,488.00

3,416.00

4,048.00

CNH Industrial NV 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															969.00	898.00	1,161.00	1,008.00	981.00

Competitive Comparison of CNH Industrial NV's EBIT

For the Farm & Heavy Construction Machinery subindustry, CNH Industrial NV'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.

CNH Industrial NV's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, CNH Industrial NV's EV-to-EBIT distribution charts can be found below:

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

CNH Industrial NV 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 $4,048 Mil.

CNH Industrial NV (NYSE:CNHI) EBIT Explanation

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

CNH Industrial NV'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 )
=	5336 * ( 1 - 10.05% )	/	( (35019	+	36622)	/ 2 )
=	4799.732	/	35820.5
=	13.40 %

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	))
=	43041	-	5043	-	( 2979	-	max(0, 5597	-	32800	+	2979	))
=	35019

	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	))
=	46351	-	5407	-	( 4322	-	max(0, 17458	-	35352	+	4322	))
=	36622

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

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

CNH Industrial NV'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 )
=	3924	/	( ( (3135 + max(23995, 0))	+	(3330 + max(24669, 0)) )	/	2 )
=	3924	/	( ( 27130	+	27999 )	/	2 )
=	3924	/	27564.5
=	14.24 %

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)
=	(22439	+	6447	+	706)	-	(5043	+	43	+	511)
=	23995

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(24382	+	5545	+	723)	-	(5407	+	50	+	524)
=	24669

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:

CNH Industrial NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	4048	/	37501.018
	=	10.79 %

CNH Industrial NV EBIT Related Terms

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CNH Industrial NV (CNH Industrial NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CNH Industrial NV (NYSE:CNHI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

1CNHI:Italy 1CNHIm:UK 0QGU:UK 37C:Germany 37C:Germany CNHI:Austria

Address

25 St. James's Street, London, GBR, SW1A 1HA

Website

https://www.cnhindustrial.com

CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations globally. CNH's finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.