Lakeland Industries (Lakeland Industries) EBIT : $9.4 Mil (TTM As of Jan. 2024)

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What is Lakeland Industries EBIT?

Lakeland Industries's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $0.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $9.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lakeland Industries's annualized ROC % for the quarter that ended in Jan. 2024 was 40.92%. Lakeland Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 1.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lakeland Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 8.08%.

Lakeland Industries EBIT Historical Data

The historical data trend for Lakeland Industries'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.

Lakeland Industries EBIT Chart

Lakeland Industries Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

EBIT

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5.87

43.94

16.17

5.51

9.41

Lakeland Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
EBIT	Get a 7-Day Free Trial															0.18	1.87	3.67	3.57	0.31

Competitive Comparison of Lakeland Industries's EBIT

For the Apparel Manufacturing subindustry, Lakeland Industries'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.

Lakeland Industries's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lakeland Industries's EV-to-EBIT distribution charts can be found below:

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

Lakeland Industries 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.4 Mil.

Lakeland Industries (NAS:LAKE) EBIT Explanation

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

Lakeland Industries's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

	ROC % (Q: Jan. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2023 )	+	Invested Capital (Q: Jan. 2024 ))	/ count )
=	-13.188 * ( 1 - 453.99% )	/	( (111.587	+	116.561)	/ 2 )
=	46.6842012	/	114.074
=	40.92 %

where

	Invested Capital		(Q: Oct. 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	))
=	148.315	-	10.303	-	( 26.425	-	max(0, 15.511	-	104.02	+	26.425	))
=	111.587

	Invested Capital		(Q: Jan. 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	))
=	153.745	-	11.962	-	( 25.222	-	max(0, 18.346	-	101.505	+	25.222	))
=	116.561

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

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

Lakeland Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jan. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2023		Q: Jan. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.224	/	( ( (19.653 + max(61.237, 0))	+	(21.654 + max(57.288, 0)) )	/	2 )
=	1.224	/	( ( 80.89	+	78.942 )	/	2 )
=	1.224	/	79.916
=	1.53 %

where Working Capital is:

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(18.227	+	54.35	+	2.633)	-	(10.303	+	0	+	3.67)
=	61.237

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19.169	+	51.25	+	2.753)	-	(11.962	+	0	+	3.922)
=	57.288

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2024 )
	=	9.408	/	116.499
	=	8.08 %

Lakeland Industries EBIT Related Terms

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Lakeland Industries (Lakeland Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lakeland Industries Inc (NAS:LAKE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

LLI:Germany

Address

1525 Perimeter Parkway, Suite 325, Huntsville, AL, USA, 35806

Website

https://www.lakeland.com

Lakeland Industries Inc manufactures and sells safety garments and accessories for the industrial protective clothing market. Its product segments include Disposables, Chemicals, Fire, Gloves, High Visibility, High-Performance Wear, and Wovens. Its customers include integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, and mortuaries, as well as scientific and medical laboratories. The company's geographical segments include the United States, Latin America, Canada, Asia, Mexico, Europe (United Kingdom), and Other Foreign.

Executives

Joshua J Sletten	officer: VP Corp Development & Strategy	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Melissa Kidd	director	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Herring Ronald N Jr	director
Roger D Shannon	officer: Chief Financial Officer	15415 SHELBYVILLE ROAD, LOUISVILLE KY 40245
An Hui	officer: VP of Procurement & Asia Mfg.	1525 PERIMETER PARKWAY, SUITE 325, HUNTSTVILLE AL 35806
Christopher James Ryan	director	3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779
Allen E Dillard	officer: COO & CFO	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Charles D Roberson	director, officer: CEO, President and Secretary	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Steven L Harvey	officer: Exec. VP, Sales and Marketing	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Thomas J Mcateer	director	54 CEDAR POINT DRIVE, WEST ISLIP NY 11795
Jeffrey T Schlarbaum	director	105 NORTON STREET, NEWARK NY 14513
Nikki Hamblin	director	2 RED OAK LANE, PITTSFORD NY 14534
Alfred John Kreft	director	3333 ALLEN PARK WAY, #2004, HOUSTON TX 77019
Daniel L. Edwards	officer: Sr. VP Sales for North America	6794 MEADOW VIEW DRIVE, SUMMERFIELD NC 27358
Stephen M Bachelder	director, officer: Chief Operating Officer	3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779