GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kronos Worldwide Inc (NYSE:KRO) » Definitions » EBIT

Kronos Worldwide (Kronos Worldwide) EBIT : $-56 Mil (TTM As of Dec. 2023)


View and export this data going back to 2003. Start your Free Trial

What is Kronos Worldwide EBIT?

Kronos Worldwide's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-56 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kronos Worldwide's annualized ROC % for the quarter that ended in Dec. 2023 was -0.70%. Kronos Worldwide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kronos Worldwide's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.48%.


Kronos Worldwide EBIT Historical Data

The historical data trend for Kronos Worldwide'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.

Kronos Worldwide EBIT Chart

Kronos Worldwide 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 139.80 99.00 173.00 150.80 -55.80

Kronos Worldwide 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 -20.90 -17.90 -8.00 -24.80 -5.10

Competitive Comparison of Kronos Worldwide's EBIT

For the Specialty Chemicals subindustry, Kronos Worldwide'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.


Kronos Worldwide's EV-to-EBIT Distribution in the Chemicals Industry

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

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



Kronos Worldwide 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 $-56 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.


Kronos Worldwide  (NYSE:KRO) EBIT Explanation

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

Kronos Worldwide'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 )
=-16.4 * ( 1 - 43.62% )/( (1335.3 + 1301.1)/ 2 )
=-9.24632/1318.2
=-0.70 %

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:

Kronos Worldwide'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 )
=-20.4/( ( (497.7 + max(575.1, 0)) + (505.6 + max(516.9, 0)) )/ 2 )
=-20.4/( ( 1072.8 + 1022.5 )/ 2 )
=-20.4/1047.65
=-1.95 %

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)
=(282.2 + 497.8 + 46.8) - (225.3 + 0 + 26.4)
=575.1

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(273.6 + 564.6 + 45.6) - (342.2 + 0 + 24.7)
=516.9

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-55.8/1603.013
=-3.48 %

* 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.


Kronos Worldwide EBIT Related Terms

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


Kronos Worldwide (Kronos Worldwide) Business Description

Traded in Other Exchanges
Address
5430 LBJ Freeway, Suite 1700, Dallas, TX, USA, 75240-2620
Kronos Worldwide Inc manufactures and sells titanium dioxide pigments. Titanium dioxide is a white inorganic pigment used in a variety of products. The majority of Kronos' sales come from titanium dioxide used for coatings on automobiles, aircraft, machines, appliances, traffic paint, and in both commercial and residential interiors and exteriors. The second- largest product category is titanium dioxide used for plastics such as packaging materials and food packaging, houseware, appliances, toys, and computer cases. The majority of revenue comes from the United States.
Executives
Kevin B Kramer director C/O STONERIGDGE INC., 9400 E. MARKET ST, WARREN OH 44484
Andrew B Nace officer: Executive Vice President 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Miller William Earl Jr. officer: VP, Global Human Resources 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Dennis Werner officer: President, EMEAA 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Amy A. Samford officer: Executive Vice President 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Rainer Gruber officer: EX VP, Chief Manu/Tech Officer 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Gouveia Randall Colin director 2225 W. CHANDLER BLVD.,, CHANDLER AZ 85224
Alexis A Thomason officer: VP and General Counsel 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Bart W Reichert officer: Vice President, Internal Audit 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Bryan A. Hanley officer: Vice President and Treasurer 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Loretta J. Feehan director 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
John E Harper director 2300 WEST PLANO PARKWAY, PLANO TX 75075
Thomas P Stafford director C/O WACKENHUT CORP, 4200 WACKENHUT DRIVE #100, PALM BEACH GARDENS FL 33410-4243
Meredith W. Mendes director 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Kristin B Mccoy officer: Vice President, Tax 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240

Kronos Worldwide (Kronos Worldwide) Headlines

From GuruFocus

Kronos Worldwide, Inc. Announces Quarterly Dividend

By Marketwired Marketwired 08-06-2020

Kronos Worldwide, Inc. Announces Quarterly Dividend

By Marketwired Marketwired 08-04-2021

Kronos Worldwide Reports First Quarter 2020 Results

By Marketwired Marketwired 05-07-2020

Kronos Worldwide, Inc. Announces Quarterly Dividend

By Marketwired Marketwired 10-27-2021

Kronos Worldwide, Inc. Announces Increase in Quarterly Dividend

By GuruFocusNews GuruFocusNews 02-23-2022

KRONOS WORLDWIDE, INC. ANNOUNCES QUARTERLY DIVIDEND

By Marketwired Marketwired 02-25-2021