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Element Solutions (Element Solutions) EBIT : $178 Mil (TTM As of Dec. 2023)


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What is Element Solutions EBIT?

Element Solutions's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $178 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Element Solutions's annualized ROC % for the quarter that ended in Dec. 2023 was 10.61%. Element Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 22.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Element Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.40%.


Element Solutions EBIT Historical Data

The historical data trend for Element Solutions'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.

Element Solutions EBIT Chart

Element Solutions 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 231.60 144.50 305.90 323.20 178.40

Element Solutions 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 49.90 71.60 60.00 -3.10 49.90

Competitive Comparison of Element Solutions's EBIT

For the Specialty Chemicals subindustry, Element Solutions'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.


Element Solutions's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Element Solutions's EV-to-EBIT distribution charts can be found below:

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



Element Solutions 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 $178 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.


Element Solutions  (NYSE:ESI) EBIT Explanation

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

Element Solutions'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 )
=222 * ( 1 - -107.45% )/( (4274 + 4406.8)/ 2 )
=460.539/4340.4
=10.61 %

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:

Element Solutions'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 )
=199.6/( ( (279.2 + max(604.7, 0)) + (296.9 + max(565.3, 0)) )/ 2 )
=199.6/( ( 883.9 + 862.2 )/ 2 )
=199.6/873.05
=22.86 %

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)
=(449.5 + 322.8 + 197.6) - (365.2 + 0 + 0)
=604.7

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(461.8 + 298.9 + 147.5) - (278 + 0 + 64.9)
=565.3

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=178.4/7424.160
=2.40 %

* 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.


Element Solutions EBIT Related Terms

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Element Solutions (Element Solutions) Business Description

Traded in Other Exchanges
Address
500 East Broward Boulevard, Suite 1860, Fort Lauderdale, FL, USA, 33394
Element Solutions Inc is a specialty chemicals company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. The company has two segments which are Electronics and Industrial & Specialty. The Industrial & Specialty segment researches, formulates and sells specialty chemicals and process technologies that enhance surfaces or improve industrial processes in diverse industrial sectors from automotive trim to transcontinental infrastructure and from high-speed printing to high-design faucets. The electronics segment researches, formulates and sells specialty chemicals and material process technologies for all types of electronics hardware, from complex printed circuit board designs to semiconductor packaging.
Executives
Nichelle Maynard-elliott director PLATFORM SPECIALTY PRODUCTS CORPORATION, 383 MAIN AVENUE, NORWALK CT 06851
Michael Goralski officer: See Remarks 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Benjamin Gliklich officer: VP Corporate Dev, Finance & IR 245 FREIGHT STREET, WATERBURY CT 06702
Carey J. Dorman officer: Chief Financial Officer C/O ELEMENT SOLUTIONS INC, 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Martin E Franklin director C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126
Elyse Napoli Filon director 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Scot Benson officer: President - Perf. Solutions 245 FREIGHT STREET, WATERBURY CT 06702
Joseph J. D'ambrisi officer: SVP and Head of Electronics 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Patricia Mount officer: VP, Program Mgt & Integration JARDEN CORPORATION, 555 THEODORE FREMD AVENUE, RYE NY 10580
Christopher T. Fraser director 9555 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 600, HOUSTON TX 77099
Ashken Ian G H director C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126
John Edward Capps officer: EVP, General Counsel & Sec. 2381 EXECUTIVE CENTER DRIVE, BOCA RATON FL 33431
Rakesh Sachdev officer: Chief Executive Officer 3050 SPRUCE STREET, ST LOUIS MO 63103
Pershing Square Capital Management, L.p. director, 10 percent owner 787 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
John David Tolbert officer: Chief Human Resources Officer 345 S HIGH STREET, STE 201, MUNCIE IN 47305