GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aptiv PLC (NYSE:APTV) » Definitions » EBIT

Aptiv (APTV) EBIT : $1,622 Mil (TTM As of Dec. 2023)


View and export this data going back to 2011. Start your Free Trial

What is Aptiv EBIT?

Aptiv's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $382 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,622 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aptiv's annualized ROC % for the quarter that ended in Dec. 2023 was 34.24%. Aptiv's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 25.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aptiv's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.68%.


Aptiv EBIT Historical Data

The historical data trend for Aptiv'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.

Aptiv EBIT Chart

Aptiv 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 1,290.00 2,118.00 1,060.00 1,209.00 1,622.00

Aptiv Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 430.00 347.00 421.00 472.00 382.00

Competitive Comparison of Aptiv's EBIT

For the Auto Parts subindustry, Aptiv'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.


Aptiv's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aptiv's EV-to-EBIT distribution charts can be found below:

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



Aptiv 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 quarterly data reported by the company within the most recent 12 months, which was $1,622 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.


Aptiv  (NYSE:APTV) EBIT Explanation

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

Aptiv'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=1940 * ( 1 - -218.65% )/( (17674 + 18430)/ 2 )
=6181.81/18052
=34.24 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Aptiv'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1528/( ( (4090 + max(1873, 0)) + (4325 + max(1605, 0)) )/ 2 )
=1528/( ( 5963 + 5930 )/ 2 )
=1528/5946.5
=25.70 %

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)
=(3647 + 2432 + 334) - (4229 + 149 + 162)
=1873

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3546 + 2365 + 372) - (4357 + 184 + 137)
=1605

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1622/24269.953
=6.68 %

* 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.


Aptiv EBIT Related Terms

Thank you for viewing the detailed overview of Aptiv's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Aptiv (APTV) Business Description

Traded in Other Exchanges
Address
5 Hanover Quay, Grand Canal Dock, Dublin, IRL, D02 VY79
Aptiv's signal and power solutions segment supplies components and systems that make up a vehicle's electrical system, including wiring assemblies and harnesses, connectors, electrical centers, and hybrid electrical systems. The advanced safety and user experience segment provides body controls, infotainment and connectivity systems, passive and active safety electronics, advanced driver-assist technologies, and displays, as well as the development of software for these systems. Aptiv's largest customers are General Motors and Stellantis, both at roughly 9% of 2022 revenue, followed by Ford and Volkswagen, both at 8%. North America and Europe represented approximately 37% and 31% of total 2022 revenue, respectively.
Executives
Joseph R Massaro officer: SVP and CFO 5725 DELPHI DRIVE, TROY MI 48098
Kevin P Clark officer: VP & CFO
Nancy E Cooper director 26 CHERRY TREE LANE, RIVERSIDE CT 06878
William T. Presley officer: SVP & President, S&PS 5725 INNOVATION DRIVE, TROY MI 48098
Matthew M Cole officer: SVP & President, ASUX ONE VILLAGE CENTER DRIVE, VAN BUREN TOWNSHIP MI 48111
Obed D. Louissaint officer: SVP & Chief People Officer 5725 INNOVATION DRIVE, TROY MI 48098
Benjamin Lyon officer: SVP & CTO 1900 SKYHAWK STREET, ALAMEDA CA 94501
Sophia Velastegui officer: SVP & Chief Product Officer 21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
Mariya K. Trickett officer: SVP and CHRO 5725 INNOVATION DRIVE, TROY MI 48098
Merit E Janow director C/O TRIMBLE INC., 935 STEWART DRIVE, SUNNYVALE CA 94085
De Vos Glen W. officer: SVP & CTO 5725 INNOVATION DRIVE, TROY MI 48098
Katherine H Ramundo officer: SVP, CLO, CCO & Secretary C/O APTIV, 5725 INNOVATION DRIVE, TROY MI 48098
David M Sherbin officer: VP, GC & Secretary 4181 AO SOUTHMOOR LANE, WEST BLOOMFIELD MI 48323
Richard L Clemmer director P O BOX 34552, LAS VEGAS NV 89129
Joseph L Hooley director STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111