Carrier Global (XTER:4PN) EBIT : €5,412 Mil (TTM As of Sep. 2024)

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What is Carrier Global EBIT?

Carrier Global's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was €812 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was €5,412 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Carrier Global's annualized ROC % for the quarter that ended in Sep. 2024 was 6.71%. Carrier Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 88.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Carrier Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 7.52%.

Carrier Global EBIT Historical Data

The historical data trend for Carrier Global'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.

Carrier Global EBIT Chart

Carrier Global Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,031.30

2,591.77

2,085.95

4,336.74

2,242.98

Carrier Global Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															509.73	680.41	473.80	3,445.66	811.80

Competitive Comparison of Carrier Global's EBIT

For the Building Products & Equipment subindustry, Carrier Global'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.

Carrier Global's EV-to-EBIT Distribution in the Construction Industry

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

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

Carrier Global 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €5,412 Mil.

Carrier Global (XTER:4PN) EBIT Explanation

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

Carrier Global's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	2544.424 * ( 1 - 22.34% )	/	( (29805.107	+	29123.023)	/ 2 )
=	1975.9996784	/	29464.065
=	6.71 %

where

	Invested Capital		(Q: Jun. 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	))
=	37553.896	-	6914.547	-	( 2711.751	-	max(0, 9917.075	-	10751.317	+	2711.751	))
=	29805.107

	Invested Capital		(Q: Sep. 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	))
=	36221.101	-	6362.862	-	( 2004.725	-	max(0, 9350.578	-	10085.794	+	2004.725	))
=	29123.023

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

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

Carrier Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3247.204	/	( ( (3485.608 + max(-280.558, 0))	+	(3228.283 + max(618.086, 0)) )	/	2 )
=	3247.204	/	( ( 3485.608	+	3846.369 )	/	2 )
=	3247.204	/	3665.9885
=	88.58 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2960.723	+	2828.805	+	1940.681)	-	(6914.547	+	457.997	+	638.223)
=	-280.558

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2456.126	+	2384.046	+	3240.897)	-	(6362.862	+	0	+	1100.121)
=	618.086

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	5411.676	/	71987.409
	=	7.52 %

Carrier Global EBIT Related Terms

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Carrier Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Carrier Global Corp (XTER:4PN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CARR:USA CARR:Mexico C1RR34:Brazil CARG:Austria

Address

13995 Pasteur Boulevard, Palm Beach Gardens, FL, USA, 33418

Website

https://www.corporate.carrier.com

Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also acquired Germany-based Viessmann for approximately $13 billion.

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