Bureau Veritas (WBO:BVI) EBIT : €853 Mil (TTM As of Dec. 2023)

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What is Bureau Veritas EBIT?

Bureau Veritas's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €448 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €853 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bureau Veritas's annualized ROC % for the quarter that ended in Dec. 2023 was 13.58%. Bureau Veritas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 117.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bureau Veritas's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.17%.

Bureau Veritas EBIT Historical Data

The historical data trend for Bureau Veritas'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.

Bureau Veritas EBIT Chart

Bureau Veritas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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710.40

388.10

724.20

802.90

852.70

Bureau Veritas Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															375.30	386.10	416.80	405.00	447.70

Competitive Comparison of Bureau Veritas's EBIT

For the Consulting Services subindustry, Bureau Veritas'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.

Bureau Veritas's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Bureau Veritas's EV-to-EBIT distribution charts can be found below:

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

Bureau Veritas 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 semi-annually data reported by the company within the most recent 12 months, which was €853 Mil.

Bureau Veritas (WBO:BVI) EBIT Explanation

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

Bureau Veritas'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	880.4 * ( 1 - 31.99% )	/	( (4758.8	+	4061.5)	/ 2 )
=	598.76004	/	4410.15
=	13.58 %

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	))
=	7139.1	-	1269.6	-	( 1702.9	-	max(0, 2594.3	-	3705	+	1702.9	))
=	4758.8

	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	))
=	6644.4	-	1399.9	-	( 1183	-	max(0, 1873.1	-	3131	+	1183	))
=	4061.5

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Bureau Veritas'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	895.4	/	( ( (744.9 + max(-300.5, 0))	+	(780.5 + max(-112.3, 0)) )	/	2 )
=	895.4	/	( ( 744.9	+	780.5 )	/	2 )
=	895.4	/	762.7
=	117.40 %

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)
=	(1588	+	0	+	74.2)	-	(1269.6	+	0	+	693.1)
=	-300.5

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1584.5	+	49.3	+	-11.7)	-	(1399.9	+	0	+	334.5)
=	-112.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	852.7	/	13813.744
	=	6.17 %

Bureau Veritas EBIT Related Terms

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Bureau Veritas (WBO:BVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Bureau Veritas SA (WBO:BVI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

BVVBY:USA BVRDF:USA BVIp:UK 0MH1:UK BVI:France 4BV:Germany

Address

40/52 Boulevard du Parc, Immeuble Newtime, Neuilly-sur-Seine, FRA, 92200

Website

https://group.bureauveritas.com

Bureau Veritas is involved in the testing, inspection, and certification, or TIC, industry. The company's primary activities involve testing products or materials, inspecting sites/equipment, and certifying products and systems to maintain global standards. BV is one of only a handful of companies in the TIC sector that operate globally across numerous industries, including marine, industry, commodities, construction, and consumer products. BV listed in 2007, prior to which it was privately owned by the Wendel Group, who retain a significant holding.

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