Brookfield Infrastructure (TSX:BIPC) EBIT : C$2,928 Mil (TTM As of Mar. 2024)

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What is Brookfield Infrastructure EBIT?

Brookfield Infrastructure's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$724 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$2,928 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Brookfield Infrastructure's annualized ROC % for the quarter that ended in Mar. 2024 was 5.55%. Brookfield Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 15.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Brookfield Infrastructure's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.99%.

Brookfield Infrastructure EBIT Historical Data

The historical data trend for Brookfield Infrastructure'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.

Brookfield Infrastructure EBIT Chart

Brookfield Infrastructure Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,314.27

321.51

929.28

3,294.36

2,241.81

Brookfield Infrastructure 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															52.00	135.52	1,713.03	355.52	724.18

Competitive Comparison of Brookfield Infrastructure's EBIT

For the Utilities - Regulated Gas subindustry, Brookfield Infrastructure'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.

Brookfield Infrastructure's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Brookfield Infrastructure's EV-to-EBIT distribution charts can be found below:

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

Brookfield Infrastructure 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 C$2,928 Mil.

Brookfield Infrastructure (TSX:BIPC) EBIT Explanation

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

Brookfield Infrastructure'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 )
=	2950.848 * ( 1 - 33.45% )	/	( (35713.392	+	35012.217)	/ 2 )
=	1963.789344	/	35362.8045
=	5.55 %

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	))
=	32076.314	-	1132.31	-	( 723.122	-	max(0, 8531.234	-	3761.846	+	723.122	))
=	35713.392

	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	))
=	32356.454	-	1201.997	-	( 480.528	-	max(0, 6809.962	-	2952.202	+	480.528	))
=	35012.217

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

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

Brookfield Infrastructure'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 )
=	2896.704	/	( ( (18984.982 + max(-5937.922, 0))	+	(18995.069 + max(-6774.768, 0)) )	/	2 )
=	2896.704	/	( ( 18984.982	+	18995.069 )	/	2 )
=	2896.704	/	18990.0255
=	15.25 %

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)
=	(1069.255	+	0	+	119.402)	-	(1132.31	+	342.108	+	5652.161)
=	-5937.922

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(1201.997	+	0	+	5572.771)
=	-6774.768

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:

Brookfield Infrastructure's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2928.242	/	24429.902
	=	11.99 %

Brookfield Infrastructure EBIT Related Terms

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Brookfield Infrastructure (TSX:BIPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Brookfield Infrastructure Corp (TSX:BIPC) » Definitions » EBIT

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BIPC:USA

Address

250 Vesey Street, 15th Floor, New York, NY, USA, 10281

Website

https://www.bip.brookfield.com

Brookfield Infrastructure Corp is an indirect subsidiary of the partnership of the diversified infrastructure owner and operators. Its business is comprised of a U.K. regulated distribution operation, a Brazilian regulated natural gas transmission operation and an Australian regulated utility.