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FLIR Systems (FLIR Systems) EBIT : $338 Mil (TTM As of Mar. 2021)


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What is FLIR Systems EBIT?

FLIR Systems's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2021 was $56 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2021 was $338 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FLIR Systems's annualized ROC % for the quarter that ended in Mar. 2021 was 6.27%. FLIR Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was 28.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FLIR Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was 4.23%.


FLIR Systems EBIT Historical Data

The historical data trend for FLIR Systems'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.

FLIR Systems EBIT Chart

FLIR Systems Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 294.03 295.87 323.25 269.63 312.24

FLIR Systems Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 30.16 88.86 87.19 106.04 56.13

Competitive Comparison of FLIR Systems's EBIT

For the Scientific & Technical Instruments subindustry, FLIR Systems'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.


FLIR Systems's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, FLIR Systems's EV-to-EBIT distribution charts can be found below:

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



FLIR Systems 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $338 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.


FLIR Systems  (NAS:FLIR) EBIT Explanation

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

FLIR Systems's annualized ROC % for the quarter that ended in Mar. 2021 is calculated as:

ROC % (Q: Mar. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2020 ) + Invested Capital (Q: Mar. 2021 ))/ count )
=212.336 * ( 1 - 22.4% )/( (2610.743 + 2642.762)/ 2 )
=164.772736/2626.7525
=6.27 %

where

Invested Capital(Q: Dec. 2020 )
=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))
=3252.348 - 343.81 - ( 297.795 - max(0, 438.138 - 1228.239+297.795))
=2610.743

Invested Capital(Q: Mar. 2021 )
=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))
=3228.802 - 308.737 - ( 277.303 - max(0, 408.688 - 1223.209+277.303))
=2642.762

Note: The Operating Income data used here is four times the quarterly (Mar. 2021) data.

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

FLIR Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2020  Q: Mar. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=224.5/( ( (267.682 + max(505.779, 0)) + (269.269 + max(550.163, 0)) )/ 2 )
=224.5/( ( 773.461 + 819.432 )/ 2 )
=224.5/796.4465
=28.19 %

where Working Capital is:

Working Capital(Q: Dec. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(353.561 + 472.237 + 104.646) - (343.81 + 36.802 + 44.053)
=505.779

Working Capital(Q: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(391.331 + 457.007 + 97.568) - (308.737 + 42.298 + 44.708)
=550.163

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2021 )
=338.21/7991.086
=4.23 %

* 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.


FLIR Systems EBIT Related Terms

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FLIR Systems (FLIR Systems) Business Description

Traded in Other Exchanges
N/A
Address
27700 SW Parkway Avenue, Wilsonville, OR, USA, 97070
FLIR Systems Inc designs, develops, markets, and distributes technologies that detect people, objects, and substances. The company's two business units are Industrial Technologies and Defense Technologies segment. The Industrial Technologies segment develops components used to create thermal, industrial, and other imaging systems. The Defense Technologies unit develops imaging and recognition solutions for military, law enforcement, and other government customers. The company operates around the world, with a significant portion of revenue coming from the United States.
Executives
John D Carter director 17575 LITTLE RIVER DRIVE, BEND OR 97707
James J Cannon officer: President and CEO 1000 STANLEY DRIVE, NEW BRITAIN CT 06053
Sonia Galindo officer: Sr VP, General Counsel and Sec C/O ROSETTA STONE, 1621 NORTH KENT STREET, SUITE 1200, ARLINGTON VA 22209
Travis Barton Johnson officer: VP, Controller & CAO 41789 IVY GLEN COURT, ASHBURN VA 20148
Paula M. Cooney officer: SVP and CHRO 1200 WILLOW LAKE BLVD., P.O. BOX 64683, ST. PAUL MN 55110
William Wright Crouch director 27700 SW PARKWAY AVENUE WILSONVILLE OR 97070
Carol P Lowe officer: Exec VP, Finance and CFO 4311 BEULAH CHURCH ROAD, WEDDINGTON NC 28104
Steven E Wynne director 27700 SW PARKWAY AVENUE, WILSONVILLE OR 97070
Angus L Macdonald director 27700 SW PARKWAY AVENUE WILSONVILLE OR 97070
Earl R Lewis director C/O NXSTAGE MEDICAL INC. (NXTM), 439 SOUTH UNION STREET, 5TH FLOOR, LAWRENCE MA 01843
Jeffrey Frank officer: Sr VP, Global Product Strategy 27700 SW PARKWAY AVE WILSONVILLE OR 97070
Wood John W Jr director C/O ANALOGIC, 8 CENTENNIAL DRIVE, PEABODY MA 01960
Cathy A Stauffer director
Robert S Tyrer director EDO CORP 60 EAST 42ND STR 42ND FL NEW YORK NY 10165
Michael T Smith director 190 NW SPANISH RIVER BOULEVARD, SUITE 101, BOCA RATON FL 33431

FLIR Systems (FLIR Systems) Headlines

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