TransDigm Group (TransDigm Group) EBIT : $3,082 Mil (TTM As of Sep. 2023)

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What is TransDigm Group EBIT?

TransDigm Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $842 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $3,082 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TransDigm Group's annualized ROC % for the quarter that ended in Sep. 2023 was 16.55%. TransDigm Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 104.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TransDigm Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 3.61%.

TransDigm Group EBIT Historical Data

The historical data trend for TransDigm Group'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.

TransDigm Group EBIT Chart

TransDigm Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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1,922.00

1,769.00

1,774.00

2,203.00

2,880.00

TransDigm Group 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															587.00	692.00	760.00	842.00	788.00

Competitive Comparison of TransDigm Group's EBIT

For the Aerospace & Defense subindustry, TransDigm Group'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.

TransDigm Group's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, TransDigm Group's EV-to-EBIT distribution charts can be found below:

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

TransDigm Group 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,082 Mil.

TransDigm Group (NYSE:TDG) EBIT Explanation

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

TransDigm Group's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	3436 * ( 1 - 24.73% )	/	( (15368	+	15883)	/ 2 )
=	2586.2772	/	15625.5
=	16.55 %

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	))
=	19555	-	1116	-	( 3071	-	max(0, 1533	-	6252	+	3071	))
=	15368

	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	))
=	19970	-	615	-	( 3472	-	max(0, 1579	-	6738	+	3472	))
=	15883

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

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

TransDigm Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3368	/	( ( (983 + max(2065, 0))	+	(1255 + max(2123, 0)) )	/	2 )
=	3368	/	( ( 3048	+	3378 )	/	2 )
=	3368	/	3213
=	104.82 %

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)
=	(1159	+	1603	+	419)	-	(1116	+	0	+	0)
=	2065

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1230	+	1616	+	420)	-	(615	+	79	+	449)
=	2123

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	3082	/	85335.846
	=	3.61 %

TransDigm Group EBIT Related Terms

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TransDigm Group (TransDigm Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » TransDigm Group Inc (NYSE:TDG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TDG:Mexico T7D:Germany T1DG34:Brazil

Address

1301 East 9th Street, Suite 3000, Cleveland, OH, USA, 44114

Website

https://www.transdigm.com

TransDigm manufactures and services a diverse set of components and parts for commercial and military aircraft. The firm organizes itself in three segments: a power and control segment, airframes, and a small nonaviation segment, which serves mostly off-road vehicles and mining equipment. It operates as an acquisitive holding company that focuses its portfolio on firms that make proprietary products with substantial aftermarket demand. TransDigm regularly employs financial leverage to amplify its operating results.

Executives

Joel Reiss	officer: Executive Vice President	1301 E. 9TH STREET, SUITE 3000, CLEVELAND OH 44114
W Nicholas Howley	officer: Chief Executive Officer	C/O TRANSDIGM INC., 1301 EAST NINTH STREET, SUITE 3710, CLEVELAND OH 44114
Michael Lisman	officer: Chief Financial Officer	1301 EAST 9TH STREET, SUITE 3000, CLEVELAND OH 44114
Robert J Small	director
Sean P Hennessy	director	C/O THE SHERWIN WILLIAMS CO, 101 PROSPECT AVE NW, CLEVELAND OH 44115
Jorge Valladares	officer: Pres., Adel Wiggins Group	ADELWIGGINS GROUP, 5000 TRIGGS STREET, LOS ANGELES CA 90022
Sarah Wynne	officer: Corporate Accounting Officer	1301 EAST 9TH STREET, SUITE 3000, CLEVELAND OH 44114
Kevin M Stein	officer: COO - Power	TRANSDIGM GROUP INCORPORATED, 1301 EAST 9TH STREET, SUITE 3000, CLEVELAND OH 44114
Jessica L Warren	officer: GC, CCO, Secretary	1301 EAST NINTH STREET, SUITE 3000, CLEVELAND OH 44114
Mervin Dunn	director	COMMERCIAL VEHICLE GROUP, INC., 6530 WEST CAMPUS WAY, NEW ALBANY OH 43054
John Staer	director	C.F.MOLLERS ALLE 16, 8TV, 2300 COPENHAGEN S G7 DK
Jane M. Cronin	director	101 W. PROSPECT AVENUE, CLEVELAND OH 44115
Raymond F Laubenthal	officer: President and COO	TRANSDIGM GROUP INCORPORATED, 1301 EAST 9TH STREET, SUITE 3710, CLEVELAND OH 44114
Robert S Henderson	officer: Exec.V.P. & Pres., AdelWiggins	ADELWIGGINS GROUP, 5000 TRIGGS STREET, LOS ANGELES CA 90022
Halle Fine Terrion	officer: GC, CCO, Secretary	1301 EAST 9TH STREET, SUITE 3000, CLEVELAND OH 44114