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Genuine Parts Co (Genuine Parts Co) EBIT : $1,728 Mil (TTM As of Mar. 2024)


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What is Genuine Parts Co EBIT?

Genuine Parts Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $343 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1,728 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Genuine Parts Co's annualized ROC % for the quarter that ended in Mar. 2024 was 10.89%. Genuine Parts Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 34.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Genuine Parts Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.60%.


Genuine Parts Co EBIT Historical Data

The historical data trend for Genuine Parts Co'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.

Genuine Parts Co EBIT Chart

Genuine Parts Co 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 950.69 470.42 1,262.50 1,646.49 1,806.82

Genuine Parts Co 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 421.27 470.54 480.89 434.12 342.87

Competitive Comparison of Genuine Parts Co's EBIT

For the Auto Parts subindustry, Genuine Parts Co'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.


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

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

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



Genuine Parts Co 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 $1,728 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.


Genuine Parts Co  (NYSE:GPC) EBIT Explanation

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

Genuine Parts Co'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 )
=1611.628 * ( 1 - 23.46% )/( (11234.276 + 11421.795)/ 2 )
=1233.5400712/11328.0355
=10.89 %

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))
=17968.454 - 5632.171 - ( 1102.007 - max(0, 7827.109 - 9605.852+1102.007))
=11234.276

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))
=18336.513 - 5865.13 - ( 1049.588 - max(0, 8639.486 - 9806.305+1049.588))
=11421.795

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

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

Genuine Parts Co'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 )
=1371.484/( ( (2885.527 + max(1032.034, 0)) + (3028.995 + max(962.286, 0)) )/ 2 )
=1371.484/( ( 3917.561 + 3991.281 )/ 2 )
=1371.484/3954.421
=34.68 %

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)
=(2223.431 + 4676.686 + 1603.728) - (5632.171 + 0 + 1839.64)
=1032.034

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2425.043 + 4736.108 + 1595.566) - (5865.13 + 0 + 1929.301)
=962.286

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:

Genuine Parts Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1728.418/26173.572
=6.60 %

* 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.


Genuine Parts Co EBIT Related Terms

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Genuine Parts Co (Genuine Parts Co) Business Description

Traded in Other Exchanges
Address
2999 Wildwood Parkway, Atlanta, GA, USA, 30339
Genuine Parts sells automotive parts (nearly two thirds of net sales) and industrial components. The company sells car and truck parts to commercial and retail customers through roughly 9,800 stores worldwide, most of which are independently owned. Its industrial unit, primarily operating under the Motion Industries banner in the United States, supplies bearings, power transmission, industrial automation, hydraulic, and pneumatic components to maintenance, repair, and original equipment manufacturer clients.
Executives
Gary P Fayard director ONE COCA COLA PLAZA, ATLANTA GA 30313
John D Johns director PO BOX 2606, BIRMINGHAM AL 35202
Juliette Williams Pryor director 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
John R Holder director 999 PEACHTREE ST NE, SUITE 688, ATLANTA GA 30309
Donna Westbrook Hyland director 3344 PEACHTREE ROAD NE STE 1800, ATLANTA GA 30326
Paul Russell Hardin director 2999 WILDWOOD PARKWAY SE, ATLANTA GA 30339
Richard Jr Cox director 2999 WILDWOOD PARKWAY, ATLANTA GA 30339
Paul D Donahue director, officer: Chairman and CEO 214 N TRYON STREET, CHARLOTTE NC 28202
Loudermilk Robert C Jr director 309 E. PACES FERRY RD N.E., ATLANTA GA 30305-2377
Darren M Rebelez director 1722 ROUTH STREET, SUITE 1000, DALLAS TX 75201-2502
Randall P Breaux officer: Group President, GPC N.A. 5711 R S BOREHAM JR ST, P O BOX 2400, FORT SMITH AR 72902
Naveen Krishna officer: EVP, CIDO 2999 WILDWOOD PKWY, ATLANTA GA 30339
Wendy B Needham director 2999 CIRCLE 75 PRKWAY, ATLANTA GA 30339
Christopher T Galla officer: SVP and General Counsel 2999 WILDWOOD PKWY, ATLANTA GA 30339
Wood E Jenner Iii director SUNTRUST BANKS INC, P O BOX 4418 MC643, ATLANTA GA 30302

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