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Westinghouse Air Brake Technologies (WBO:WAB) EBIT : €1,330 Mil (TTM As of Mar. 2024)


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What is Westinghouse Air Brake Technologies EBIT?

Westinghouse Air Brake Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €377 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €1,330 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Westinghouse Air Brake Technologies's annualized ROC % for the quarter that ended in Mar. 2024 was 7.83%. Westinghouse Air Brake Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 85.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Westinghouse Air Brake Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.43%.


Westinghouse Air Brake Technologies EBIT Historical Data

The historical data trend for Westinghouse Air Brake Technologies'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.

Westinghouse Air Brake Technologies EBIT Chart

Westinghouse Air Brake Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 599.40 621.43 808.89 981.76 1,201.27

Westinghouse Air Brake Technologies 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 262.45 289.82 356.06 307.20 377.20

Competitive Comparison of Westinghouse Air Brake Technologies's EBIT

For the Railroads subindustry, Westinghouse Air Brake Technologies'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.


Westinghouse Air Brake Technologies's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Westinghouse Air Brake Technologies's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Westinghouse Air Brake Technologies's EV-to-EBIT falls into.



Westinghouse Air Brake Technologies 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 €1,330 Mil.

* 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.


Westinghouse Air Brake Technologies  (WBO:WAB) EBIT Explanation

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

Westinghouse Air Brake Technologies'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 )
=1516.16 * ( 1 - 23.69% )/( (14890.246 + 14675.84)/ 2 )
=1156.981696/14783.043
=7.83 %

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))
=17411.996 - 1953.21 - ( 568.54 - max(0, 3719.352 - 4452.035+568.54))
=14890.246

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))
=17247.24 - 1988.12 - ( 583.28 - max(0, 2900.76 - 4415.08+583.28))
=14675.84

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

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

Westinghouse Air Brake Technologies'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 )
=1508.8/( ( (1361.745 + max(399.812, 0)) + (1329.4 + max(433.32, 0)) )/ 2 )
=1508.8/( ( 1761.557 + 1762.72 )/ 2 )
=1508.8/1762.1385
=85.62 %

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)
=(1063.72 + 2094.428 + 244.839) - (1953.21 + 737.268 + 312.697)
=399.812

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(917.24 + 2167.52 + 246.56) - (1988.12 + 593.4 + 316.48)
=433.32

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:

Westinghouse Air Brake Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1330.277/30035.864
=4.43 %

* 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.


Westinghouse Air Brake Technologies EBIT Related Terms

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Westinghouse Air Brake Technologies (WBO:WAB) Business Description

Traded in Other Exchanges
Address
30 Isabella Street, Pittsburgh, PA, USA, 15212
Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the rail industry. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment.