GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Localiza Rent A Car SA (OTCPK:LZRFY) » Definitions » EBIT

Localiza Rent A Car (Localiza Rent A Car) EBIT : $1,382 Mil (TTM As of Mar. 2024)


View and export this data going back to 2012. Start your Free Trial

What is Localiza Rent A Car EBIT?

Localiza Rent A Car's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $372 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1,382 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Localiza Rent A Car's annualized ROC % for the quarter that ended in Mar. 2024 was 8.70%. Localiza Rent A Car's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Localiza Rent A Car's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.43%.


Localiza Rent A Car EBIT Historical Data

The historical data trend for Localiza Rent A Car'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.

Localiza Rent A Car EBIT Chart

Localiza Rent A Car 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 416.57 377.44 636.94 1,043.53 1,453.81

Localiza Rent A Car 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 314.79 169.01 412.69 428.52 371.70

Competitive Comparison of Localiza Rent A Car's EBIT

For the Rental & Leasing Services subindustry, Localiza Rent A Car'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.


Localiza Rent A Car's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Localiza Rent A Car's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Localiza Rent A Car's EV-to-EBIT falls into.



Localiza Rent A Car 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 $1,382 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.


Localiza Rent A Car  (OTCPK:LZRFY) EBIT Explanation

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

Localiza Rent A Car'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 )
=1486.808 * ( 1 - 15.34% )/( (14721.377 + 14200.973)/ 2 )
=1258.7316528/14461.175
=8.70 %

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))
=16520.487 - 1932.304 - ( 2106.647 - max(0, 3758.73 - 3625.536+2106.647))
=14721.377

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))
=16046.689 - 1354.492 - ( 2105.446 - max(0, 3141.813 - 3633.037+2105.446))
=14200.973

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

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

Localiza Rent A Car'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 )
=1486.808/( ( (10636.407 + max(-757.092, 0)) + (10193.622 + max(-103.479, 0)) )/ 2 )
=1486.808/( ( 10636.407 + 10193.622 )/ 2 )
=1486.808/10415.0145
=14.28 %

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)
=(751.384 + 0 + 722.001) - (1932.304 + 0 + 298.173)
=-757.092

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(753.002 + 0 + 774.589) - (1354.492 + 0 + 276.578)
=-103.479

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:

Localiza Rent A Car's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1381.921/14659.487
=9.43 %

* 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.


Localiza Rent A Car EBIT Related Terms

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


Localiza Rent A Car (Localiza Rent A Car) Business Description

Traded in Other Exchanges
Address
Avenida Bernardo Vasconcelo, No 377 - Cachoeirinha, Belo Horizonte, MG, BRA, 31150-900
Localiza Rent A Car SA is a car rental service provider with the majority of its operations in Brazil. Through its subsidiaries, the company rents cars to individuals, manages corporate car fleets, sells its fleet to the general public, and offers a franchise model. Franchisees account for roughly half of Localize's car rental locations, while the majority of cars accessible with Localize are owned by the company. The fleet rental division has long-term agreements with companies that come up for renewal roughly every two to three years. The car rental segment delivers three-quarters of yearly revenue, and fleet rental makes up the rest, with an insignificant share contributed by the franchise management division.

Localiza Rent A Car (Localiza Rent A Car) Headlines

From GuruFocus

Localiza Rent A Car SA's Dividend Analysis

By GuruFocus Research 10-26-2023

Localiza Rent A Car SA's Dividend Analysis

By GuruFocus Research 12-29-2023