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Aerojet Rocketdyne Holdings (Aerojet Rocketdyne Holdings) EBIT : $124 Mil (TTM As of Mar. 2023)


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What is Aerojet Rocketdyne Holdings EBIT?

Aerojet Rocketdyne Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $124 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aerojet Rocketdyne Holdings's annualized ROC % for the quarter that ended in Mar. 2023 was 9.19%. Aerojet Rocketdyne Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 33.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aerojet Rocketdyne Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 2.62%.


Aerojet Rocketdyne Holdings EBIT Historical Data

The historical data trend for Aerojet Rocketdyne Holdings'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.

Aerojet Rocketdyne Holdings EBIT Chart

Aerojet Rocketdyne Holdings Annual Data
Trend Nov13 Nov14 Nov15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 223.00 227.60 210.30 215.10 126.90

Aerojet Rocketdyne Holdings Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 42.40 28.00 32.50 24.20 39.50

Competitive Comparison of Aerojet Rocketdyne Holdings's EBIT

For the Aerospace & Defense subindustry, Aerojet Rocketdyne Holdings'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.


Aerojet Rocketdyne Holdings's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Aerojet Rocketdyne Holdings's EV-to-EBIT distribution charts can be found below:

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



Aerojet Rocketdyne Holdings 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $124 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.


Aerojet Rocketdyne Holdings  (NYSE:AJRD) EBIT Explanation

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

Aerojet Rocketdyne Holdings's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=213.2 * ( 1 - 17.75% )/( (1907.8 + 1906.5)/ 2 )
=175.357/1907.15
=9.19 %

where

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

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

Aerojet Rocketdyne Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=158/( ( (474.7 + max(-471.8, 0)) + (463.3 + max(-358.6, 0)) )/ 2 )
=158/( ( 474.7 + 463.3 )/ 2 )
=158/469
=33.69 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(126.6 + 15.8 + 118.2) - (142.1 + 334.7 + 255.6)
=-471.8

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(177.4 + 18.2 + 81.3) - (122.8 + 307.6 + 205.1)
=-358.6

When net working capital is negative, 0 is used.

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

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

Aerojet Rocketdyne Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=124.2/4743.708
=2.62 %

* 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.


Aerojet Rocketdyne Holdings EBIT Related Terms

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Aerojet Rocketdyne Holdings (Aerojet Rocketdyne Holdings) Business Description

Traded in Other Exchanges
N/A
Address
222 N. Pacific Coast Highway, Suite 500, El Segundo, CA, USA, 90245
Aerojet Rocketdyne Holdings Inc manufactures aerospace and defense products and systems. It produces driving and launch systems for defense and space applications, weapons, and weapons systems for tactical missions. The systems can provide directional control for rockets, satellites, missiles, and other technical products. It operates in two segments: aerospace and defense, and real estate. The company manufactures its aerospace and defense products for the U.S. government, the National Aeronautics and Space Administration, aerospace and defense prime contractors, and portions of the commercial sector. The real estate segment focuses on rezoning, entitlement, sale, and leasing of real estate assets. The company's excess real estate is primarily located in California.
Executives
Joseph E. Chontos officer: See Remarks 222 N. PACIFIC COAST HIGHWAY, SEGUNDO CA 90245
Kevin P. Chilton director 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Lance W Lord director 1110 TRUMPETERS COURT, MONUMENT CO 80132
Eileen P. Drake director, officer: CEO and President C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012
Marion C Blakey director C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188
Deborah L James director 1710 SAIC DRIVE, MCLEAN VA 22102
Gail Baker director C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE SUITE 1000, ARLINGTON VA 22202
Daniel L. Boehle officer: CFO, VP and Controller C/O AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. SEPULVEDA BOULEVARD, SUITE 500, EL SEGUNDO CA 90245
Warren G Lichtenstein director, officer: Executive Chairman C/O STEEL PARTNERS II L P, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Arjun Kampani officer: VP, Gen Counsel and Secretary C/O AEROJET ROCKETDYNE HOLDINGS, INC., 2001 AEROJET ROAD, RANCHO CORDOVA CA 95742
John D. Schumacher officer: SVP, Washington Operations C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012
Amy L Gowder officer: Chief Operating Officer AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. PACIFIC COAST HIGHWAY, SUITE 500, EL SEGUNDO CA 90245
Audrey A. Mcniff director C/O AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. PACIFIC COAST HIGHWAY, SUITE 500, EL SEGUNDO CA 90245
Thomas A Corcoran director 3790 VIA DE LA VALLE, SUITE 311, DEL MAR CA 92014
Martin Turchin director CB RICHARD ELLIS, 200 PARK AVENUE, NEW YOK NY 10166