RTX (RTX) EBIT : $5,570 Mil (TTM As of Mar. 2024)

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What is RTX EBIT?

RTX's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $2,271 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $5,570 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. RTX's annualized ROC % for the quarter that ended in Mar. 2024 was 6.38%. RTX's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 52.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. RTX's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.22%.

RTX EBIT Historical Data

The historical data trend for RTX'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.

RTX EBIT Chart

RTX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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5,863.00

-945.00

6,439.00

7,417.00

5,489.00

RTX Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															2,155.00	1,944.00	-931.00	2,286.00	2,271.00

Competitive Comparison of RTX's EBIT

For the Aerospace & Defense subindustry, RTX'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.

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

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

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

RTX 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,570 Mil.

RTX (NYSE:RTX) EBIT Explanation

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

RTX's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	9024 * ( 1 - 5.83% )	/	( (134598	+	131655)	/ 2 )
=	8497.9008	/	133126.5
=	6.38 %

where

	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	))
=	161869	-	25615	-	( 6587	-	max(0, 46761	-	48417	+	6587	))
=	134598

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	160187	-	25528	-	( 5607	-	max(0, 45019	-	48023	+	5607	))
=	131655

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

RTX's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	9084	/	( ( (17386 + max(-15598, 0))	+	(17277 + max(-15197, 0)) )	/	2 )
=	9084	/	( ( 17386	+	17277 )	/	2 )
=	9084	/	17331.5
=	52.41 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10838	+	11777	+	7076)	-	(25615	+	17183	+	2491)
=	-15598

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10280	+	12386	+	6646)	-	(25528	+	17119	+	1862)
=	-15197

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	5570	/	172953.697
	=	3.22 %

RTX EBIT Related Terms

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RTX (RTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » RTX Corp (NYSE:RTX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

RTX:Mexico 5URd:UK 0R2N:UK 5UR0:Germany 5UR:Germany 5UR:Germany 5UR:Germany RTX:Canada RYTT34:Brazil RTX:Austria

Address

1000 Wilson Boulevard, Arlington, VA, USA, 22209

Website

https://www.rtx.com

RTX is a diversified aerospace and defense industrial company formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace manufacturers and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, an aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.

Executives

Winnefeld James A Jr	director	870 WINTER STREET, WALTHAM MA 02451
Amy L Johnson	officer: Corporate VP and Controller	870 WINTER STREET, WALTHAM MA 02451
Leanne G Caret	director	1000 WILSON BLVD, ARLINGTON VA 22209
Shane G Eddy	officer: President, P&W	870 WINTER STREET, WALTHAM MA 02451
Gregory Hayes	officer: Vice President, Controller	870 WINTER STREET, WALTHAM MA 02451
Christopher T. Calio	officer: Pres, Comm Engines, P&W	870 WINTER STREET, WALTHAM MA 02451
Dantaya M Williams	officer: Chief Human Resources Officer	870 WINTER STREET, WALTHAM MA 02451
Michael R Dumais	officer: SVP, Strategic Planning	870 WINTER STREET, WALTHAM MA 02451
Tracy A Atkinson	director	MFS INVESTMENT MANAGEMENT, 500 BOYLSTON ST., BOSTON MA 02116
Wesley D Kremer	officer: President, RMD	870 WINTER STREET, WALTHAM MA 02451
Ramsaran Maharajh	officer: EVP and General Counsel	870 WINTER STREET, WALTHAM MA 02451
Robert Kelly Ortberg	officer: CEO, Collins Aerospace Systems	870 WINTER STREET, WALTHAM MA 02451
Frank R Jimenez	officer: EVP and General Counsel	GE HEALTHCARE TECHNOLOGIES INC., 500 W. MONROE ST., CHICAGO IL 606061
Harris Bernard A Jr	director	3411 ERIN KNOLL CT, HOUSTON TX 77059
Thomas A Kennedy	director, officer: Executive Chairman	870 WINTER STREET, WALTHAM MA 02451