GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ATI Inc (NYSE:ATI) » Definitions » EBIT
中文

ATI (ATI) EBIT

: $401 Mil (TTM As of Dec. 2023)
View and export this data going back to 1993. Start your Free Trial

ATI's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $92 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $401 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ATI's annualized ROC % for the quarter that ended in Dec. 2023 was 44.82%. ATI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ATI's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.26%.


ATI EBIT Historical Data

The historical data trend for ATI'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.

ATI 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 341.40 -1,385.80 331.00 446.70 401.00

ATI Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 302.30 96.40 104.10 108.30 92.20

Competitive Comparison

For the Metal Fabrication subindustry, ATI'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.


ATI EV-to-EBIT Distribution

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

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



ATI 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $401 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.


ATI  (NYSE:ATI) EBIT Explanation

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

ATI's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=453.6 * ( 1 - -274.51% )/( (3863.2 + 3716.4)/ 2 )
=1698.77736/3789.8
=44.82 %

where

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

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

ATI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=368.8/( ( (1626.3 + max(1318.4, 0)) + (1665.9 + max(989.5, 0)) )/ 2 )
=368.8/( ( 2944.7 + 2655.4 )/ 2 )
=368.8/2800.05
=13.17 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(683 + 1353.9 + 73.3) - (435 + 110.2 + 246.6)
=1318.4

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(625 + 1247.5 + 62.2) - (524.8 + 163.6 + 256.8)
=989.5

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=401/7627.826
=5.26 %

* 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.


ATI EBIT Related Terms

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


ATI (ATI) Business Description

Traded in Other Exchanges
Address
2021 McKinney Avenue, Dallas, TX, USA, 75201
ATI Inc supplies specialty metals to various end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. The company's operating segment includes High-Performance Materials and Components and Advanced Alloys and Solutions. The majority of revenue is from the Advanced Alloys and Solutions segment. The AA&S segment is focused on delivering high-value flat products, Other important end markets for AA&S include automotive & electronics. AA&S produces nickel-based alloys, titanium & titanium-based alloys, & specialty alloys in a variety of forms including plate, sheet, and strip products. Geographically, it operates in the United States, China, the United Kingdom, Germany, France, Canada and Others, the majority is from the United States.
Executives
Elliot S Davis officer: Sr VP, GC, CCO and Secretary 1000 SIX PPG PLACE, PITTSBURGH PA 15222-5479
James C Diggs director 1000 SIX PPG PL, PITTSBURGH PA 15222
Timothy J Harris officer: Senior VP and CDIO C/O ALLEGHENY TECHNOLOGIES INCORPORATED, PITTSBURGH PA 15222
Ruby Sharma director 24 ARNOLD DRIVE, PRINCETON JCT. NJ 08550
Jimmy Jr. Williams officer: SVP, CTO C/O ATI INC., 2021 MCKINNEY AVE., SUITE 1100, DALLAS TX 75201
Robert S Wetherbee officer: EVP, ATI Flat-Rolled Products MINERALS TECHNOLOGIES INC, 622 THIRD AVENUE 38TH FL, NEW YORK NY 10017
Tina Killough Busch officer: SVP, CHRO C/O ATI INC., 2021 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
Karl D Schwartz officer: Controller & Princ. Acctg Off. 1000 SIX PPG PLACE, PITTSBURGH PA 15222-5479
Kevin B Kramer officer: Sr. VP, CCMO C/O STONERIGDGE INC., 9400 E. MARKET ST, WARREN OH 44484
Donald P Newman officer: SVP and CFO 224 S 108TH AVENUE, OMAHA NE 68154
Marianne Kah director C/O ALLEGHENY TECHNOLOGIES INCORPORATED, 1000 SIX PPG PLACE, PITTSBURGH PA 15222
Elizabeth C Powers officer: Senior VP, CHRO C/O DRESSER-RAND GROUP INC., PAUL CLARK DRIVE, OLEAN NY 14760
M Leroy Ball director 436 SEVENTH AVENUE, PITTSBURGH PA 15219
David P Hess director 390 PARK AVENUE, NEW YORK NY 10022
Kimberly A Fields officer: EVP, Flat Rolled Products C/O ALLEGHENY TECHNOLOGIES INCORPORATED, 1000 SIX PPG PLACE, PITTSBURGH PA 15217

ATI (ATI) Headlines

From GuruFocus

ATI Completes Sale of Sheffield, UK Operation

By PRNewswire PRNewswire 05-22-2022

Tom Wright named interim head of Investor Relations

By PRNewswire PRNewswire 08-10-2022

ATI Completes Sale of Sheffield, UK Operation

By PRNewswire PRNewswire 06-01-2022

Global Financial Expert Ruby Sharma Joins ATI Board

By PRNewswire PRNewswire 03-02-2023

ATI Completes Sale of Sheffield, UK Operation

By PRNewswire PRNewswire 07-11-2022

ATI Announces Second Quarter 2023 Results

By PRNewswire 08-02-2023