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Tenneco's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $129 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $321 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tenneco's annualized ROC % for the quarter that ended in Sep. 2022 was -4.84%. Tenneco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 16.45%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tenneco's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 5.11%.
The historical data trend for Tenneco'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.
Tenneco Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
EBIT | Get a 7-Day Free Trial | 413.00 | 322.00 | 121.00 | -724.00 | 556.00 |
Tenneco Quarterly Data | ||||||||||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
EBIT | Get a 7-Day Free Trial | 125.00 | 100.00 | 77.00 | 15.00 | 129.00 |
For the Auto Parts subindustry, Tenneco'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.
For the Vehicles & Parts industry and Consumer Cyclical sector, Tenneco's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Tenneco's EV-to-EBIT falls into.
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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $321 Mil.
* 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.
Tenneco (NYSE:TEN) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Tenneco's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:
ROC % (Q: Sep. 2022 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2022 ) | + | Invested Capital (Q: Sep. 2022 )) | / count ) |
= | 452 * ( 1 - 171.79% ) | / | ( (6417 | + | 7000) | / 2 ) |
= | -324.4908 | / | 6708.5 | |||
= | -4.84 % |
where
Invested Capital | (Q: Jun. 2022 ) | |||||||||||
= | 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 | )) |
= | 11219 | - | 4413 | - | ( 389 | - | max(0, 4895 | - | 5772 | + | 389 | )) |
= | 6417 |
Invested Capital | (Q: Sep. 2022 ) | |||||||||||
= | 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 | )) |
= | 10952 | - | 4511 | - | ( 415 | - | max(0, 6302 | - | 5743 | + | 415 | )) |
= | 7000 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2022) data.
2. Joel Greenblatt's definition of Return on Capital:
Tenneco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2022 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2022 | Q: Sep. 2022 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 516 | / | ( ( (2691 + max(573, 0)) | + | (2557 + max(453, 0)) ) | / | 2 ) |
= | 516 | / | ( ( 3264 | + | 3010 ) | / | 2 ) |
= | 516 | / | 3137 | ||||
= | 16.45 % |
where Working Capital is:
Working Capital | (Q: Jun. 2022 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (2547 | + | 2073 | + | 763) | - | (4413 | + | 0 | + | 397) |
= | 573 |
Working Capital | (Q: Sep. 2022 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (2702 | + | 1948 | + | 678) | - | (4511 | + | 0 | + | 364) |
= | 453 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Tenneco's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Sep. 2022 ) |
= | 321 | / | 6284.012 | |
= | 5.11 % |
* 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.
Thank you for viewing the detailed overview of Tenneco's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Nathan P. Bowen | officer: Executive Vice President* | 7450 N. MCCORMICK BLVD, SKOKIE IL 60076 |
Jane L Warner | director | C;/O WESTVACO CORP, ONE HIGH RIDGE PARK, STAMFORD CT 06905 |
James S Metcalf | director | USG CORP, 125 S FRANKLIN STREET DEPT 188, CHICAGO IL 60606 |
Dennis J Letham | director | C/O TENNECO INC, 500 FIELD DRIVE, LAKE FOREST IL 60045 |
Michelle Kumbier | director | 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208 |
John W. Wehrenberg | officer: Executive Vice President* | 7450 N. MCCORMICK BLVD., SKOKIE IL 60076 |
Carl C Icahn | 10 percent owner | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160 |
Sabatino Thomas J Jr | officer: Executive Vice President* | C/O JAN STERN REED BAXTER INTERNATIONAL, ONE BAXTER PARKWAY DF2 2W, DEERFIELD IL 60015 |
John S Stroup | director | 1 N. BRENTWOOD BLVD., SUITE 1500, ST. LOUIS MO 63105 |
Matti Masanovich | officer: Executive Vice President* | COLLINS & AIKMAN CORPORATION, 250 STEPHENSON HIGHWAY, TROY MI 48083 |
Scott Usitalo | officer: Executive Vice President | 7450 N. MCCORMICK BLVD., SKOKIE IL 60076 |
Thomas C Freyman | director | 500 NORTH FIELD DRIVE, LAKE FOREST IL 60045 |
Kevin Baird | officer: Executive Vice President* | 500 NORTH FIELD DRIVE, LAKE FOREST IL 60045 |
Aleksandra A Miziolek | director | C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027 |
Roy V Armes | director |
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