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Ducommun (Ducommun) EBIT

: $37.2 Mil (TTM As of Dec. 2023)
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Ducommun's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $9.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $37.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ducommun's annualized ROC % for the quarter that ended in Dec. 2023 was 5.71%. Ducommun's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ducommun's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.67%.


Ducommun EBIT Historical Data

The historical data trend for Ducommun'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.

Ducommun Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.05 45.63 181.67 44.89 37.15

Ducommun Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT 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 Premium Member Only Premium Member Only Premium Member Only 12.09 10.26 9.06 8.61 9.22

Competitive Comparison

For the Aerospace & Defense subindustry, Ducommun'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.


Ducommun EV-to-EBIT Distribution

For the Aerospace & Defense industry and Industrials sector, Ducommun's EV-to-EBIT distribution charts can be found below:

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



Ducommun 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 $37.2 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.


Ducommun  (NYSE:DCO) EBIT Explanation

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

Ducommun'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 )
=42.892 * ( 1 - -35.47% )/( (1028.607 + 1005.614)/ 2 )
=58.1057924/1017.1105
=5.71 %

where

Invested Capital(Q: Sep. 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))
=1142.351 - 86.549 - ( 27.195 - max(0, 190.103 - 556.717+27.195))
=1028.607

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))
=1120.919 - 72.442 - ( 42.863 - max(0, 183.703 - 549.569+42.863))
=1005.614

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

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

Ducommun'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 )
=36.884/( ( (143.721 + max(162.519, 0)) + (140.892 + max(161.003, 0)) )/ 2 )
=36.884/( ( 306.24 + 301.895 )/ 2 )
=36.884/304.0675
=12.13 %

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)
=(104.551 + 215.189 + 18.631) - (86.549 + 51.477 + 37.826)
=162.519

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(104.692 + 199.201 + 25.127) - (72.442 + 53.492 + 42.083)
=161.003

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=37.152/1011.875
=3.67 %

* 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.


Ducommun EBIT Related Terms

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Ducommun (Ducommun) Business Description

Traded in Other Exchanges
Address
200 Sandpointe Avenue, Suite 700, Santa Ana, CA, USA, 92707-5759
Ducommun Inc provides engineering & manufacturing services for high-performance products & high-cost-of failure applications used primarily in the aerospace and defense, industrial, medical & other industries. The company's reportable segments are Structural Systems & Electronic Systems. Structural Systems designs, engineers, and manufactures large, complex contoured aerostructure components & assemblies and supplies composite and metal bonded structures and assemblies. Electronic Systems designs, engineers, and manufactures high-reliability electronic & electromechanical products used in worldwide technology-driven markets including aerospace and defense, industrial, medical, & other end-use markets. It generates most of its revenue from the Electronic Systems.
Executives
Jerry L Redondo officer: VP, Operational Excellence DUCOMMUN INCORPORATED, 23301 WILMINGTON AVE., CARSON CA 90745-6209
Suman B. Mookerji officer: Sr. V.P., C.F.O. 200 SANDPOINTE AVENUE, SUITE 700, SANTA ANA CA 92707
Stephen G Oswald director, officer: President & CEO 23301 WILMINGTON AVENUE, CARSON CA 90745
Christopher D. Wampler officer: VP, Controller and CAO 23301 WILMINGTON AVENUE, CARSON CA 90745
Laureen S. Gonzalez officer: VP & Chief HR Officer 200 SANDPOINTE AVENUE, SUITE 700, SANTA ANA CA 92707
Robert C Ducommun director 1155 PARK AVE, APT 1-SW, NEW YORK NY 10128-1209
Samara A Strycker director 2701 NAVISTAR DRIVE, LISLE IL 60532
Rose F Rogers officer: VP, Human Resources 23301 WILMINGTON AVE., CARSON CA 90745-6209
Sheila G. Kramer director P.O. BOX 1299, MINNEAPOLIS MN 55440-1299
Robert D Paulson director AEROSTAR CAPITAL LLC, 590 SANDHILL CRANE RD., #1270, WILSON WY 83014-1270
Dean M Flatt director 31 SUMMER HILL RD., WAYNE NJ 07470
Rajiv A. Tata officer: V.P., General Counsel 200 SANDPOINTE AVENUE, SUITE 700, SANTA ANA CA 92707
Shirley Drazba director 200 SANDPOINTE AVENUE, #700, SANTA ANA CA 92707
Anthony J Reardon other: Pres., Ducommun AeroStructures DUCOMMUN INCORPORATED, 23301 WILMINGTON AVE., CARSON CA 90745
James S Heiser officer: VP, CFO & Gen. Cnsl. C/O DUCOMMUN INC, 23301 WILMINGTON AVENUE, CARSON CA 90745-6209

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