QinetiQ Group (LSE:QQ.) EBIT : £202 Mil (TTM As of Mar. 2024)

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What is QinetiQ Group EBIT?

QinetiQ Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was £100 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was £202 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. QinetiQ Group's annualized ROC % for the quarter that ended in Mar. 2024 was 9.43%. QinetiQ Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 37.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. QinetiQ Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.32%.

QinetiQ Group EBIT Historical Data

The historical data trend for QinetiQ 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.

QinetiQ Group EBIT Chart

QinetiQ Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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124.80

144.40

127.40

204.60

202.20

QinetiQ Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
EBIT	Get a 7-Day Free Trial															84.20	133.30	71.30	101.80	100.40

Competitive Comparison of QinetiQ Group's EBIT

For the Aerospace & Defense subindustry, QinetiQ 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.

QinetiQ Group's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, QinetiQ Group's EV-to-EBIT distribution charts can be found below:

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

QinetiQ 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 semi-annually data reported by the company within the most recent 12 months, which was £202 Mil.

QinetiQ Group (LSE:QQ.) EBIT Explanation

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

QinetiQ 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: Sep. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	193.4 * ( 1 - 21.67% )	/	( (1443.6	+	1770.1)	/ 2 )
=	151.49022	/	1606.85
=	9.43 %

where

	Invested Capital		(Q: Sep. 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	))
=	2045.1	-	490.2	-	( 111.3	-	max(0, 518.2	-	641.6	+	111.3	))
=	1443.6

	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	))
=	2106.2	-	232.9	-	( 231	-	max(0, 685.8	-	789	+	231	))
=	1770.1

Note: The Operating Income data used here is two times the semi-annual (Mar. 2024) data.

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

QinetiQ 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: Sep. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	200.8	/	( ( (518 + max(12.1, 0))	+	(531.8 + max(-349.4, 0)) )	/	2 )
=	200.8	/	( ( 530.1	+	531.8 )	/	2 )
=	200.8	/	530.95
=	37.82 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(448.7	+	75.9	+	5.7)	-	(490.2	+	0	+	28)
=	12.1

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(179.5	+	89.2	+	59.6)	-	(232.9	+	0	+	444.8)
=	-349.4

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	202.2	/	2763.060
	=	7.32 %

QinetiQ Group EBIT Related Terms

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QinetiQ Group (LSE:QQ.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » QinetiQ Group PLC (LSE:QQ.) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

QNTQY:USA QNTQF:USA QQl:UK QY6:Germany

Address

Ively Road, Cody Technology Park, Farnborough, Hampshire, GBR, GU14 0LX

Website

https://www.qinetiq.com

QinetiQ Group PLC is a company operating in the global aerospace, defense, and security sectors. The services and products offered are air (air engineering services, air traffic management, safety, and environmental management); C4ISR (communication, reconnaissance, intelligence and surveillance, space security, fast jet sensor fusion training, sensors, cyber and data science among many others); Cyber (accreditation support, security health check, data classification, insider threat management among others); Maritime ( Maritime Autonomy Centre, Naval Mission Systems, Maritime Stealth among many others).

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