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Unifi (UFI) EBIT : $-48.0 Mil (TTM As of Mar. 2024)


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What is Unifi EBIT?

Unifi's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-7.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-48.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Unifi's annualized ROC % for the quarter that ended in Mar. 2024 was -7.41%. Unifi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -7.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Unifi's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -22.69%.


Unifi EBIT Historical Data

The historical data trend for Unifi'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.

Unifi EBIT Chart

Unifi 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 15.43 -51.49 49.67 29.91 -37.87

Unifi Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -1.97 -12.83 -11.25 -16.85 -7.10

Competitive Comparison of Unifi's EBIT

For the Textile Manufacturing subindustry, Unifi'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.


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

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

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



Unifi 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-48.0 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.


Unifi  (NYSE:UFI) EBIT Explanation

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

Unifi's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-27.704 * ( 1 - -8.31% )/( (410.295 + 399.286)/ 2 )
=-30.0062024/404.7905
=-7.41 %

where

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

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

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

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-28.392/( ( (216.529 + max(153.105, 0)) + (212.295 + max(151.129, 0)) )/ 2 )
=-28.392/( ( 369.634 + 363.424 )/ 2 )
=-28.392/366.529
=-7.75 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(63.376 + 135.676 + 8.434) - (45.855 + 1.293 + 7.233)
=153.105

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74.082 + 134.125 + 6.321) - (55.67 + 2.09 + 5.639)
=151.129

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-48.028/211.707
=-22.69 %

* 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.


Unifi EBIT Related Terms

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Unifi (UFI) Business Description

Traded in Other Exchanges
Address
7201 West Friendly Avenue, Greensboro, NC, USA, 27410
Unifi Inc is a multi-national company. It manufactures and sells innovative synthetic and recycled products made from polyester and nylon primarily to other yarn manufacturers and knitters and weavers that produce fabric for the apparel, hosiery, home furnishings, automotive, industrial and other end-use markets. Polyester yarns include partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns, and each is available in virgin or recycled varieties. UNIFI offers specialized yarns, premium value-added (PVA) yarns, and commodity yarns, with principal geographic markets in the Americas, Europe and Asia.
Executives
Kenneth G Langone director 375 PARK AVENUE, STE 2205, NEW YORK NY 10152
Inclusive Capital Partners, L.p. 10 percent owner, other: See Remarks 1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Andrew James Eaker officer: Interim CFO 7201 WEST FRIENDLY AVENUE, GREENSBORO NC 27410
Gregory K Sigmon officer: SVP, General Counsel 7201 WEST FRIENDLY AVE, GREENSBORO NC 27410
Archibald Jr Cox director 151 EAST 58TH STREET, #33F, NEW YORK NY 10022
Edmund M Ingle director, officer: CEO 7201 WEST FRIENDLY AVENUE, GREENSBORO NC 27410
Francis S Blake director 2455 PACES FERRY RD, ATLANTA GA 30339
Jeffrey W Ubben 10 percent owner, other: See Remarks 1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Craig A Creaturo officer: EVP & CFO 7201 WEST FRIENDLY AVENUE, GREENSBORO NC 27410
Robert J Bishop director IMPALA ASSET MANAGEMENT LLC, 107 CHERRY ST, NEW CANAAN CT 06840
Rhonda L. Ramlo director 7201 WEST FRIENDLY AVENUE, GREENSBORO NC 27410
Emma S. Battle director 101 NORTH CHERRY STREET, SUITE 501, WINSTON SALEM NC 27101
Eva T. Zlotnicka director 1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
James M Kilts director 120 PARK AVE, NEW YORK NY 10017
James D. Mead director P.O. BOX 440, NEW FAIRFIELD CT 06812