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The L S Starrett Co (The L S Starrett Co) EBIT : $22.3 Mil (TTM As of Dec. 2023)


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What is The L S Starrett Co EBIT?

The L S Starrett Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $2.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $22.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The L S Starrett Co's annualized ROC % for the quarter that ended in Dec. 2023 was -1.26%. The L S Starrett Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The L S Starrett Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.63%.


The L S Starrett Co EBIT Historical Data

The historical data trend for The L S Starrett Co'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.

The L S Starrett Co EBIT Chart

The L S Starrett Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.59 -19.02 18.43 22.78 27.31

The L S Starrett Co 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 6.02 4.11 13.27 2.46 2.49

Competitive Comparison of The L S Starrett Co's EBIT

For the Tools & Accessories subindustry, The L S Starrett Co'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.


The L S Starrett Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The L S Starrett Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where The L S Starrett Co's EV-to-EBIT falls into.



The L S Starrett Co 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 $22.3 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.


The L S Starrett Co  (NYSE:SCX) EBIT Explanation

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

The L S Starrett Co'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 )
=9.976 * ( 1 - 120.02% )/( (157.599 + 158.363)/ 2 )
=-1.9971952/157.981
=-1.26 %

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:

The L S Starrett Co'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 )
=9.976/( ( (47.23 + max(74.879, 0)) + (49.273 + max(76.798, 0)) )/ 2 )
=9.976/( ( 122.109 + 126.071 )/ 2 )
=9.976/124.09
=8.04 %

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)
=(34.506 + 65.126 + 9.859) - (25.641 + 0 + 8.971)
=74.879

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(34.826 + 61.284 + 10.95) - (23.015 + 0 + 7.247)
=76.798

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:

The L S Starrett Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=22.341/126.748
=17.63 %

* 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.


The L S Starrett Co EBIT Related Terms

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The L S Starrett Co (The L S Starrett Co) Business Description

Traded in Other Exchanges
N/A
Address
121 Crescent Street, Athol, MA, USA, 01331
The L S Starrett Co is engaged in the manufacturing of industrial, professional and consumer measuring and cutting tools and related products. Its products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and others. Its products are used in different industries such as metalworking, automotive, aviation, marine, farm, and "do-it-yourselfers" and tradesmen such as builders, carpenters, plumbers and electricians. The operating segments of the company are North American Operations is a key revenue driver; International Operations and Global Test and Measurement.
Executives
Douglas A Starrett officer: President & CEO 121 CRESCENT STREET, ATHOL MA 01331
John C. Tripp officer: CFO C/O THE L.S. STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331
David T. Allen other: Insider 121 CRESCENT STREET, ATHOL MA 01331
Emerson Leme officer: VP Of Industrial Products C/O THE L.S. STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331
Charles Alpuche director C/O INSULET CORPORATION, 600 TECHNOLOGY PARK DRIVE, SUITE 200, BILLERICA MA 01821
Christian Arntsen officer: VP of International Products C/O THE L.S. STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331
Deborah Gordon director 121 CRESCENT STREET, ATHOL MA 01331
Thomas J Riordan director C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Scott William Sproule director C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Terry A Piper director 121 CRESCENT STREET, ATHOLL MA 01331
Chris Gahagan director AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Russell D. Carreker director 121 CRESCENT STREET, ATHOL MA 01331
David A Lemoine director C/O THE L S STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331
Richard Kennedy director 121 CRESCENT STREET, ATHOL MA 01331
Francis J O'brien officer: Treasurer & CFO C/O THE L. S. STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331