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LKQ (LKQ) EBIT : $1,347 Mil (TTM As of Mar. 2024)


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What is LKQ EBIT?

LKQ's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $295 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1,347 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LKQ's annualized ROC % for the quarter that ended in Mar. 2024 was 7.06%. LKQ's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 23.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. LKQ's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.95%.


LKQ EBIT Historical Data

The historical data trend for LKQ'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.

LKQ EBIT Chart

LKQ 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 907.86 1,013.19 1,471.00 1,596.00 1,449.00

LKQ 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 397.00 441.00 325.00 286.00 295.00

Competitive Comparison of LKQ's EBIT

For the Auto Parts subindustry, LKQ'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.


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

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

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



LKQ 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 $1,347 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.


LKQ  (NAS:LKQ) EBIT Explanation

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

LKQ'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 )
=1276 * ( 1 - 30.74% )/( (12563 + 12490)/ 2 )
=883.7576/12526.5
=7.06 %

where

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

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

LKQ'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 )
=1180/( ( (2852 + max(2071, 0)) + (2807 + max(2113, 0)) )/ 2 )
=1180/( ( 4923 + 4920 )/ 2 )
=1180/4921.5
=23.98 %

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)
=(1165 + 3121 + 283) - (2217 + 0 + 281)
=2071

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1392 + 3123 + 343) - (2436 + 0 + 309)
=2113

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1347/16943.111
=7.95 %

* 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.


LKQ EBIT Related Terms

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


LKQ (LKQ) Business Description

Traded in Other Exchanges
Address
500 West Madison Street, Suite 2800, Chicago, IL, USA, 60661
LKQ is a Global distributor of non-OEM automotive parts. Initially formed in 1998 as a consolidator of auto salvage operations in the United States, it has since greatly expanded its scope to include distribution of new mechanical and collision parts, specialty auto equipment, and remanufactured and recycled parts in both Europe and North America. It still maintains its auto salvage business and owns over 70 LKQ pick-your-part junkyards. Separate from the self-service business, LKQ purchases over 300,000 salvage automobiles annually that are used to extract parts for resale. Globally, the company maintains approximately 1,700 facilities.
Executives
Blythe J Mcgarvie director HANNAFORD BROS CO, 145 PLEASANT HILL RD, SCARBOROUGH ME 04074
Varun Laroyia officer: Executive VP and CFO 500 WEST MADISON STREET, SUITE 2800, CHICAGO IL 60661
Dominick P Zarcone director, officer: President and CEO C/O LKQ CORPORATION, 500 W. MADISON STREET, SUITE 2800, CHICAGO IL 60661
Meg Divitto director 500 WEST MADISON STREET, SUITE 2800, CHICAGO IL 60661
Xavier Urbain director 500 W. MADISON STREET, SUITE 2800, CHICAGO IL 60661
Patrick Berard director 500 W. MADISON STREET, SUITE 2800, CHICAGO IL 60661
Robert M. Hanser director 500 W. MADISON STREET, SUITE 2800, CHICAGO IL 60661
John W Mendel director C/O TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Valueact Capital Master Fund, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Rick Galloway officer: SVP and CFO 500 WEST MADISON STREET, SUITE 2800, CHICAGO IL 60661
Joseph M Holsten director, officer: President and CEO
Genevieve L Dombrowski officer: SVP -- Human Resources 500 WEST MADISON STREET, SUITE 2800, CHICAGO IL 60661
Valueact Holdings, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Capital Management, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Capital Management, Llc director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129

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