A.O. Smith (FRA:3SM) EBIT : €706 Mil (TTM As of Mar. 2024)

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What is A.O. Smith EBIT?

A.O. Smith's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €178 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €706 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. A.O. Smith's annualized ROC % for the quarter that ended in Mar. 2024 was 29.17%. A.O. Smith's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 88.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. A.O. Smith's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.22%.

A.O. Smith EBIT Historical Data

The historical data trend for A.O. Smith'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.

A.O. Smith EBIT Chart

A.O. Smith Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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434.79

370.89

557.46

220.05

683.62

A.O. Smith 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															163.73	196.97	167.54	163.23	178.20

Competitive Comparison of A.O. Smith's EBIT

For the Specialty Industrial Machinery subindustry, A.O. Smith'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.

A.O. Smith's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, A.O. Smith's EV-to-EBIT distribution charts can be found below:

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

A.O. Smith 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 €706 Mil.

A.O. Smith (FRA:3SM) EBIT Explanation

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

A.O. Smith'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 )
=	708.4 * ( 1 - 23.4% )	/	( (1816.118	+	1904.4)	/ 2 )
=	542.6344	/	1860.259
=	29.17 %

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	))
=	2947.146	-	797.79	-	( 333.238	-	max(0, 866.84	-	1375.775	+	333.238	))
=	1816.118

	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	))
=	2927.624	-	744.372	-	( 278.852	-	max(0, 812.728	-	1344.58	+	278.852	))
=	1904.4

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

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

A.O. Smith'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 )
=	712.816	/	( ( (582.112 + max(184.867, 0))	+	(583.924 + max(262.2, 0)) )	/	2 )
=	712.816	/	( ( 766.979	+	846.124 )	/	2 )
=	712.816	/	806.5515
=	88.38 %

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)
=	(546.532	+	456.116	+	39.889)	-	(797.79	+	0	+	59.88)
=	184.867

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(537.832	+	480.516	+	47.38)	-	(744.372	+	0	+	59.156)
=	262.2

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:

A.O. Smith's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	705.934	/	11353.342
	=	6.22 %

A.O. Smith EBIT Related Terms

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A.O. Smith (FRA:3SM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » A.O. Smith Corp (FRA:3SM) » Definitions » EBIT

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Traded in Other Exchanges

AOS:USA

Address

11270 West Park Place, P. O. Box 245008, Suite 170, Milwaukee, WI, USA, 53224-9508

Website

https://www.aosmith.com

A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells majorly in Asian countries and operates sales offices to expand distribution and market its product portfolio.

A.O. Smith (FRA:3SM) Headlines

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