MTU Aero Engines AG (XTER:MTX) EBIT : €-136 Mil (TTM As of Dec. 2023)

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What is MTU Aero Engines AG EBIT?

MTU Aero Engines AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €-529 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €-136 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MTU Aero Engines AG's annualized ROC % for the quarter that ended in Dec. 2023 was -8.67%. MTU Aero Engines AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -72.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MTU Aero Engines AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.10%.

MTU Aero Engines AG EBIT Historical Data

The historical data trend for MTU Aero Engines AG'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.

MTU Aero Engines AG EBIT Chart

MTU Aero Engines AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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719.00

239.00

363.00

508.00

-136.00

MTU Aero Engines AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															196.00	187.00	321.00	393.00	-529.00

Competitive Comparison of MTU Aero Engines AG's EBIT

For the Aerospace & Defense subindustry, MTU Aero Engines AG'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.

MTU Aero Engines AG's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, MTU Aero Engines AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where MTU Aero Engines AG's EV-to-EBIT falls into.

MTU Aero Engines AG 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-136 Mil.

MTU Aero Engines AG (XTER:MTX) EBIT Explanation

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

MTU Aero Engines AG's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1166 * ( 1 - 37.74% )	/	( (7549	+	9192)	/ 2 )
=	-725.9516	/	8370.5
=	-8.67 %

where

	Invested Capital		(Q: Jun. 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	))
=	9280	-	518	-	( 1213	-	max(0, 3778	-	5116	+	1213	))
=	7549

	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	))
=	10204	-	427	-	( 1539	-	max(0, 5013	-	5598	+	1539	))
=	9192

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

MTU Aero Engines AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1058	/	( ( (1406 + max(-899, 0))	+	(1501 + max(-2155, 0)) )	/	2 )
=	-1058	/	( ( 1406	+	1501 )	/	2 )
=	-1058	/	1453.5
=	-72.79 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1203	+	1498	+	73)	-	(518	+	0	+	3155)
=	-899

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1010	+	1580	+	216)	-	(427	+	0	+	4534)
=	-2155

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

MTU Aero Engines AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-136	/	12331.525
	=	-1.10 %

MTU Aero Engines AG EBIT Related Terms

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MTU Aero Engines AG (XTER:MTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » MTU Aero Engines AG (XTER:MTX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

MTUAY:USA MTUAF:USA 1MTX:Italy MTXd:UK 0FC9:UK MTX1:Germany MTX1:Germany MTX:Germany MTX:Germany MTX:Germany MTX:Austria

Address

Dachauer Strasse 665, Munich, BY, DEU, 80995

Website

https://www.mtu.de

MTU Aero Engines specializes in the development and production of commercial and military aircraft engine components and spare parts. It also performs maintenance, repair, and overhaul services for aircraft engines. More than 30% of commercial aircraft have MTU technology on board. MTU is also a major assembler of aircraft engines. The commercial and military engine segment develops and manufactures engine components for new engine production and spare parts for the aftermarket. The commercial maintenance business reports MTU's MRO services.

Executives

Dr. Silke Maurer	Board of Directors
Peter Kameritsch	Board of Directors
Michael Schreyoegg	Board of Directors
Thomas Dautl	Supervisory Board
Dr. Rainer Martens	Supervisory Board