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Servotronics (Servotronics) EBIT : $-2.83 Mil (TTM As of Dec. 2023)


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What is Servotronics EBIT?

Servotronics's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $0.51 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.83 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Servotronics's annualized ROC % for the quarter that ended in Dec. 2023 was 5.75%. Servotronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Servotronics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -7.94%.


Servotronics EBIT Historical Data

The historical data trend for Servotronics'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.

Servotronics EBIT Chart

Servotronics 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 3.24 0.24 4.20 -2.46 -2.11

Servotronics 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 -1.49 -1.91 -1.71 0.28 0.51

Competitive Comparison of Servotronics's EBIT

For the Aerospace & Defense subindustry, Servotronics'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.


Servotronics's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Servotronics's EV-to-EBIT distribution charts can be found below:

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



Servotronics 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 $-2.83 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.


Servotronics  (AMEX:SVT) EBIT Explanation

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

Servotronics'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 )
=2.044 * ( 1 - 8.45% )/( (33.129 + 31.98)/ 2 )
=1.871282/32.5545
=5.75 %

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:

Servotronics'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 )
=2.044/( ( (7.172 + max(22.801, 0)) + (6.978 + max(23.647, 0)) )/ 2 )
=2.044/( ( 29.973 + 30.625 )/ 2 )
=2.044/30.299
=6.75 %

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)
=(12.297 + 15.048 + 2.997) - (4.427 + 0 + 3.114)
=22.801

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.065 + 14.198 + 3.209) - (4.512 + 0 + 1.313)
=23.647

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-2.832/35.650
=-7.94 %

* 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.


Servotronics EBIT Related Terms

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Servotronics (Servotronics) Business Description

Traded in Other Exchanges
N/A
Address
1110 Maple Street, Post Office Box 300, Elma, NY, USA, 14059
Servotronics Inc is a U.S based company that designs, manufactures, and markets technology products consisting of control components and consumer products, consisting of knives and various types of cutlery and other edged products. The company operates in the segments of Technology Group, which is the key revenue-generating segment, and Consumer Products Group. Technology Group operations involve the design, manufacture, and marketing of servo-control components, which include torque motors, control valves, and actuators, among others for government, commercial and industrial applications. Consumer Products Group operations involve the designing, manufacturing, and marketing of a range of cutlery products for use by consumers and government agencies.
Executives
Robert Fraass officer: Chief Financial Officer 1110 MAPLE STREET, PO BOX 300, ELMA NY 14059
Kenneth D Trbovich officer: President 1110 MAPLE STREET, ELMA NY 14059
Estate Of Nicholas D. Trbovich, Sr. 10 percent owner 960 PORTERVILLE ROAD, EAST AURORA NY 14052
Brent D Baird 10 percent owner 1350 ONE M&T PLAZA, BUFFALO NY 14203-2396
Evan H Wax director 44 CHERRY LANE, MADISON CT 06443
Founders Software, Inc. 10 percent owner 401 EAST AMHERST ST, BUFFALO NY 14215
Snyder Paul L. Iii 10 percent owner 401 EAST AMHERST ST, BUFFALO NY 14215
Beaver Hollow Wellness, Llc 10 percent owner 401 EAST AMHERST ST, BUFFALO NY 14215
Edward C Cosgrove director 525 DELAWARE AVENUE, BUFFALO NY 14202
Lucion P Gygax director 1110 MAPLE STREET, ELMA NY 14059
Christopher M Marks director 360 DELAWARE AVENUE, SUITE 230, BUFFALO NY 14202
Karen L Howard director C/O SERVOTRONICS, INC., 1110 MAPLE STREET, ELMA NY 14059
Farrell William F Jr. director, officer: Chief Executive Officer 1110 MAPLE STREET, PO BOX 300, ELMA NY 14059
Jason T Bear director 5301 N. COMMERCE AVE., SUITE C, MOORPARK CA 93021
Lisa F Bencel officer: Chief Financial Officer 1110 MAPLE STREET, ELMA NY 14059