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Otis Worldwide EBIT

: $1,724 Mil (TTM As of Sep. 2020)
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Otis Worldwide's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2020 was $454 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2020 was $1,724 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Otis Worldwide's annualized ROC % for the quarter that ended in Sep. 2020 was 19.77%. Otis Worldwide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was 145.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Otis Worldwide's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was 5.13%.


Otis Worldwide 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.

Otis Worldwide Annual Data
Dec17 Dec18 Dec19
EBIT 1,997.00 1,930.00 1,900.00

Otis Worldwide Quarterly Data
Dec17 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only 482.00 522.00 332.00 416.00 454.00

Otis Worldwide 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 522 (Dec. 2019 ) + 332 (Mar. 2020 ) + 416 (Jun. 2020 ) + 454 (Sep. 2020 ) = $1,724 Mil.

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


Otis Worldwide  (NYSE:OTIS) EBIT Explanation

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

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

ROC % (Q: Sep. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2020 ) + Invested Capital (Q: Sep. 2020 ))/ count )
=1816 * ( 1 - 24.94% )/( (6545 + 7243)/ 2 )
=1363.0896/6894
=19.77 %

where

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

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

Otis Worldwide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2020  Q: Sep. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1816/( ( (1234 + max(-1810, 0)) + (1269 + max(-1753, 0)) )/ 2 )
=1816/( ( 1234 + 1269 )/ 2 )
=1816/1251.5
=145.11 %

where Working Capital is:

Working Capital(Q: Jun. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2788 + 629 + 502) - (3266 + 2463 + 0)
=-1810

Working Capital(Q: Sep. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2901 + 667 + 432) - (3250 + 2503 + 0)
=-1753

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2020 )
=1724/33622.251
=5.13 %

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


Otis Worldwide EBIT Related Terms


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