Altra Industrial Motion (Altra Industrial Motion) EBIT : $241 Mil (TTM As of Dec. 2022)

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What is Altra Industrial Motion EBIT?

Altra Industrial Motion's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was $48 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was $241 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Altra Industrial Motion's annualized ROC % for the quarter that ended in Dec. 2022 was 4.53%. Altra Industrial Motion's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 33.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Altra Industrial Motion's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 4.88%.

Altra Industrial Motion EBIT Historical Data

The historical data trend for Altra Industrial Motion'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.

Altra Industrial Motion EBIT Chart

Altra Industrial Motion Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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80.30

222.00

76.10

102.30

240.80

Altra Industrial Motion Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
EBIT	Get a 7-Day Free Trial															-93.20	67.70	65.60	59.20	48.30

Competitive Comparison of Altra Industrial Motion's EBIT

For the Specialty Industrial Machinery subindustry, Altra Industrial Motion'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.

Altra Industrial Motion's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Altra Industrial Motion's EV-to-EBIT distribution charts can be found below:

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

Altra Industrial Motion 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $241 Mil.

Altra Industrial Motion (NAS:AIMC) EBIT Explanation

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

Altra Industrial Motion's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	211.6 * ( 1 - 33.63% )	/	( (3083.4	+	3123.2)	/ 2 )
=	140.43892	/	3103.3
=	4.53 %

where

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	3617.9	-	336.3	-	( 198.2	-	max(0, 367	-	840.9	+	198.2	))
=	3083.4

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	3676.6	-	344.5	-	( 208.9	-	max(0, 377.3	-	836.4	+	208.9	))
=	3123.2

Note: The Operating Income data used here is four times the quarterly (Dec. 2022) data.

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

Altra Industrial Motion's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	193.2	/	( ( (304.1 + max(272.6, 0))	+	(316.5 + max(274.1, 0)) )	/	2 )
=	193.2	/	( ( 576.7	+	590.6 )	/	2 )
=	193.2	/	583.65
=	33.10 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(245.7	+	323.6	+	39.6)	-	(336.3	+	0	+	0)
=	272.6

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(244.6	+	338.9	+	35.1)	-	(344.5	+	0	+	0)
=	274.1

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

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

Altra Industrial Motion's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	240.8	/	4929.447
	=	4.88 %

Altra Industrial Motion EBIT Related Terms

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Altra Industrial Motion (Altra Industrial Motion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Altra Industrial Motion Corp (NAS:AIMC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Granite Street, Suite 201, Braintree, MA, USA, 02184

Website

https://www.altramotion.com

Altra Industrial Motion Corp is a United States-based company that designs, manufactures, and sells a wide range of electromechanical power transmission motion control. The company operates through two business segments based on product types and end markets served: the power transmission technologies segment and the automation and specialty segment. The company's product portfolio consists of products such as clutches, brakes, gears, and motion controllers and braking systems, which are used in heavy industrial applications, energy markets, medical, packaging, automation, robotic, and other industries. The company earns majority of its revenue in North America ( primarily the United States).

Executives

La Vonda Williams	director	201 MONTGOMERY STREET, #751, JERSEY CITY NJ 07302
Haughey Nicole Parent	director	UNITED TECHNOLOGIES CORPORATION, ONE FINANCIAL PLAZA, HARTFORD CT 06101
Margot Hoffman	director	6368 CHAMPIONS DRIVE, WESTERVILLE OH 43082
Thomas W Swidarski	director	5995 MAYFAIR RD, P O BOX 3077, NORTH CANTON OH 44720
Todd Patriacca	officer: EVP, CFO and Treasurer	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Glenn E. Deegan	officer: Chief Legal and HR Officer	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184
J Scott Hall	director	1200 ABERNATHY ROAD NE, SUITE 1200, ATLANTA GA 30328
Christian Storch	officer: Chief Financial Officer	C/O ALTRA INDUSTRIAL MOTION, 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184
Woodward James H Jr	director	7140 OFFICE CIRCLE, EVANSVILLE IN 47716
Craig Schuele	officer: VP Mktg&Bus Dev (see Remarks)	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Carl R Christenson	officer: President and COO	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Lyle G. Ganske	director	C/O ALTRA INDUSTRIAL MOTION, INC., 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184
Larry Mcpherson	director	C/O MEDICAL STAFFING NETWORK HOLDINGS, 901 YAMATO ROAD, SUITE 110, BOCA RATON FL 33431
Lipscomb S Michael	director	SIFCO INDUSTRIES, INC., 970 EAST 64TH STREET, CLEVELAND OH 44103
Patrick K Murphy	director	C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203