APi Group (FRA:4XY) EBIT : €369 Mil (TTM As of Mar. 2024)

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What is APi Group EBIT?

APi Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €89 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €369 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. APi Group's annualized ROC % for the quarter that ended in Mar. 2024 was 4.78%. APi Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 60.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. APi Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.09%.

APi Group EBIT Historical Data

The historical data trend for APi Group'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.

APi Group EBIT Chart

APi Group Annual Data

Trend

Dec17

Aug18

Dec20

Dec21

Dec22

Dec23

EBIT

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-129.57

-108.50

123.02

205.79

345.71

APi Group 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															70.05	104.30	104.01	71.53	89.24

Competitive Comparison of APi Group's EBIT

For the Engineering & Construction subindustry, APi Group'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.

APi Group's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, APi Group's EV-to-EBIT distribution charts can be found below:

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

APi Group 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 €369 Mil.

APi Group (FRA:4XY) EBIT Explanation

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

APi Group'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 )
=	368 * ( 1 - 28.57% )	/	( (5439.644	+	5551.28)	/ 2 )
=	262.8624	/	5495.462
=	4.78 %

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	))
=	6960.03	-	1081.143	-	( 439.243	-	max(0, 1657.019	-	2367.694	+	439.243	))
=	5439.644

	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	))
=	6616.64	-	838.12	-	( 227.24	-	max(0, 1521.68	-	2053.44	+	227.24	))
=	5551.28

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

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

APi Group'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 )
=	356.96	/	( ( (566.706 + max(-55.020000000001, 0))	+	(560.28 + max(48.76, 0)) )	/	2 )
=	356.96	/	( ( 566.706	+	609.04 )	/	2 )
=	356.96	/	587.873
=	60.72 %

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)
=	(1279.215	+	137.55	+	111.874)	-	(1081.143	+	482.342	+	20.174)
=	-55.020000000001

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1155.52	+	136.16	+	113.16)	-	(838.12	+	498.64	+	19.32)
=	48.76

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	369.072	/	11960.749
	=	3.09 %

APi Group EBIT Related Terms

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APi Group (FRA:4XY) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

APG:USA

Address

c/o APi Group, Inc, 1100 Old Highway 8 NW, New Brighton, MN, USA, 55112

Website

https://www.apigroupinc.com

APi Group Corp operates in two operating segments, 1) Safety Services segment includes providing safety services in North America, Asia Pacific, and Europe, focusing on end-to-end integrated occupancy systems (fire protection solutions, Heating, Ventilation, and Air Conditioning and entry systems), including design, installation, inspection, and service of these integrated systems. These services are provided in commercial, education, healthcare, high tech, industrial, and special-hazard settings. 2) Specialty Services segment includes providing a variety of infrastructure services and specialized industrial plant services, which include maintenance and repair of critical infrastructure such as underground electric, gas, water, sewer, and telecommunications infrastructure.

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