LG Energy Solution (XKRX:373220) EBIT : ₩1,902,898 Mil (TTM As of Mar. 2024)

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What is LG Energy Solution EBIT?

LG Energy Solution's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₩324,373 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₩1,902,898 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LG Energy Solution's annualized ROC % for the quarter that ended in Mar. 2024 was 1.61%. LG Energy Solution's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. LG Energy Solution's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.24%.

LG Energy Solution EBIT Historical Data

The historical data trend for LG Energy Solution'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.

LG Energy Solution EBIT Chart

LG Energy Solution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-596,944.00

844,195.00

1,108,998.00

2,359,212.00

LG Energy Solution Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial								780,685.00	710,235.00	486,961.00	381,329.00	324,373.00

Competitive Comparison of LG Energy Solution's EBIT

For the Specialty Industrial Machinery subindustry, LG Energy Solution'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.

LG Energy Solution's EV-to-EBIT Distribution in the Industrial Products Industry

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

* The bar in red indicates where LG Energy Solution's EV-to-EBIT falls into.

LG Energy Solution 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 ₩1,902,898 Mil.

LG Energy Solution (XKRX:373220) EBIT Explanation

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

LG Energy Solution'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 )
=	629348 * ( 1 - 4.76% )	/	( (33778218	+	40752530)	/ 2 )
=	599391.0352	/	37265374
=	1.61 %

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	))
=	45437144	-	6585143	-	( 5073783	-	max(0, 10937185	-	17208396	+	5073783	))
=	33778218

	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	))
=	49275358	-	3234446	-	( 5288382	-	max(0, 10308490	-	17828801	+	5288382	))
=	40752530

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

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

LG Energy Solution'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 )
=	1297492	/	( ( (23654677 + max(3858698, 0))	+	(26532490 + max(4692468, 0)) )	/	2 )
=	1297492	/	( ( 27513375	+	31224958 )	/	2 )
=	1297492	/	29369166.5
=	4.42 %

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)
=	(5128474	+	5396336	+	1059617)	-	(6585143	+	0	+	1140586)
=	3858698

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4650709	+	5657920	+	1406191)	-	(3234446	+	0	+	3787906)
=	4692468

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:

LG Energy Solution's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1902898	/	85023228.000
	=	2.24 %

LG Energy Solution EBIT Related Terms

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LG Energy Solution (XKRX:373220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LG Energy Solution Ltd (XKRX:373220) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeongdeungpo-gu, Yeoui-daero, Seoul, KOR

Website

https://www.lgensol.com

LG Energy Solution, or LGES, is the third-largest battery maker for electric vehicles, or EVs, with about 14% global share in the first half of 2023, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for close to 60% of total revenue in 2022. Besides EV batteries, LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem's battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai Motors and Stellantis.

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