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Marine Products (Marine Products) EBIT : $47.2 Mil (TTM As of Dec. 2023)


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What is Marine Products EBIT?

Marine Products's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $5.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $47.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Marine Products's annualized ROC % for the quarter that ended in Dec. 2023 was 17.78%. Marine Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 32.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Marine Products's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.82%.


Marine Products EBIT Historical Data

The historical data trend for Marine Products'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.

Marine Products EBIT Chart

Marine Products 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 34.14 24.36 36.39 51.80 47.17

Marine Products 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 14.85 14.49 16.48 10.45 5.75

Competitive Comparison of Marine Products's EBIT

For the Recreational Vehicles subindustry, Marine Products'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.


Marine Products's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Marine Products's EV-to-EBIT distribution charts can be found below:

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



Marine Products 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 $47.2 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.


Marine Products  (NYSE:MPX) EBIT Explanation

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

Marine Products'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 )
=22.98 * ( 1 - 18.01% )/( (110.366 + 101.593)/ 2 )
=18.841302/105.9795
=17.78 %

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:

Marine Products'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 )
=22.98/( ( (21.356 + max(56.027, 0)) + (22.456 + max(43.239, 0)) )/ 2 )
=22.98/( ( 77.383 + 65.695 )/ 2 )
=22.98/71.539
=32.12 %

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)
=(10.743 + 69.784 + 3.784) - (25.662 + 1.212 + 1.41)
=56.027

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.348 + 61.611 + 2.847) - (20.257 + 0.654 + 1.656)
=43.239

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=47.166/318.231
=14.82 %

* 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.


Marine Products EBIT Related Terms

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Marine Products (Marine Products) Business Description

Traded in Other Exchanges
Address
2801 Buford Highway NE, Suite 300, Atlanta, GA, USA, 30329
Marine Products Corp is a manufacturer of fiberglass motorized boats distributed and marketed through its independent dealer network. It operates in the Powerboat Manufacturing business segment through Nashville, Georgia, Valdosta, and Georgia. Its product offerings include Chaparral sterndrive, outboard, and jet pleasure boats and Robalo outboard sport fishing boats. The company offers its products to the family recreational and cruiser markets through its Chaparral brand and to the sportfishing market through its Robalo brand.
Executives
Gary W. Rollins Voting Trust U/a Dated September 14, 1994 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY, NE, ATLANTA GA 30329
Amy Rollins Kreisler director 2801 BUFORD HIGHWAY, NE, SUITE 520, ATLANTA GA 30329
Lor Inc 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329
Michael Schmit officer: CFO and Corporate Secretary 3055 TORRINGTON DRIVE, BALL GROUND GA 30107
John F Wilson director 2170 PIEDMONT ROAD, NE, ATLANTA GA 30324
Ben M Palmer officer: VP, CFO and Treasurer C/O MARINE PRODUCTS CORP, 2170 PIEDMONT RD, NE, ATLANTA GA 30324
Susan R. Bell director 852 CASTLE FALLS DR., ATLANTA GA 30329
Patrick J. Gunning director 1958 CALDER COURT, DUNWOODY GA 30338
Harry J Cynkus director 2170 PIEDMONT RD, ATLANTA GA 30324
Jerry W Nix director 2999 WILDWOOD PARKWAY, ATLANTA GA 30339
2007 Gwr Grandchildren's Partnership 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329
Rollins Holding Company, Inc. 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329
1997 Rrr Grandchildren's Partnership 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329
Rft Investment Company, Llc 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329
Rctlor, Llc 10 percent owner C/O RFA MANAGEMENT COMPANY, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329