ALD (XPAR:ALD) EBIT : €1,670 Mil (TTM As of Dec. 2023)

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What is ALD EBIT?

ALD's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €697 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €1,670 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ALD's annualized ROC % for the quarter that ended in Dec. 2023 was 1.29%. ALD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ALD's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.36%.

ALD EBIT Historical Data

The historical data trend for ALD'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.

ALD EBIT Chart

ALD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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724.70

628.50

1,159.60

1,694.40

1,669.90

ALD Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial													685.30	837.30	857.10	972.70	697.20

Competitive Comparison of ALD's EBIT

For the Rental & Leasing Services subindustry, ALD'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.

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

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

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

ALD 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 €1,670 Mil.

ALD (XPAR:ALD) EBIT Explanation

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

ALD'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 )
=	1465.8 * ( 1 - 34.54% )	/	( (73043.3	+	75577.6)	/ 2 )
=	959.51268	/	74310.45
=	1.29 %

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	))
=	68263.8	-	3364.6	-	( 6160.4	-	max(0, 25469.1	-	17325	+	6160.4	))
=	73043.3

	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	))
=	70261.1	-	3287.5	-	( 4656.2	-	max(0, 25133.6	-	16529.6	+	4656.2	))
=	75577.6

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:

ALD'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 )
=	1394.4	/	( ( (46853.9 + max(-7696.3, 0))	+	(50194 + max(-7373.6, 0)) )	/	2 )
=	1394.4	/	( ( 46853.9	+	50194 )	/	2 )
=	1394.4	/	48523.95
=	2.87 %

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)
=	(1895.5	+	717.4	+	4633.3)	-	(3364.6	+	0	+	11577.9)
=	-7696.3

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2851.5	+	806.6	+	3815.9)	-	(3287.5	+	0	+	11560.1)
=	-7373.6

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1669.9	/	38275.809
	=	4.36 %

ALD EBIT Related Terms

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ALD (XPAR:ALD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ALD SA (XPAR:ALD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

0RSP:UK 3AL:Germany

Address

1-3 Rue Eugene et Armand Peugeot, Le Corosa, Rueil-Malmaison, FRA, 92500

Website

https://www.aldautomotive.com

ALD SA is a full-service leasing and fleet management group. It provides financing and management services through two principal product offerings. These two offerings are full-service leasing and fleet management. The group also provides insurance services. It provides clients with motor third-party liability, material damage insurance as well as theft and passenger insurance. The company has operational footprints across Western Europe, Nordic, Continental and Eastern Europe and Latin America, Africa, Asia, and the Rest of the world.

ALD (XPAR:ALD) Headlines

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