Weyco Group (Weyco Group) EBIT : $41.4 Mil (TTM As of Dec. 2023)

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What is Weyco Group EBIT?

Weyco Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $11.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $41.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Weyco Group's annualized ROC % for the quarter that ended in Dec. 2023 was 14.63%. Weyco Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 31.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Weyco Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.66%.

Weyco Group EBIT Historical Data

The historical data trend for Weyco Group'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.

Weyco Group EBIT Chart

Weyco Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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27.33

-6.98

27.43

40.45

41.39

Weyco Group 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															14.56	10.40	6.72	12.57	11.71

Competitive Comparison of Weyco Group's EBIT

For the Footwear & Accessories subindustry, Weyco Group'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.

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

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

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

Weyco Group 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 $41.4 Mil.

Weyco Group (NAS:WEYS) EBIT Explanation

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

Weyco Group'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 )
=	46.02 * ( 1 - 26.99% )	/	( (238.037	+	221.243)	/ 2 )
=	33.599202	/	229.64
=	14.63 %

where

	Invested Capital		(Q: Sep. 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	))
=	288.86	-	16.22	-	( 34.603	-	max(0, 20.06	-	170.689	+	34.603	))
=	238.037

	Invested Capital		(Q: Dec. 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	))
=	309.342	-	18.572	-	( 69.527	-	max(0, 29.622	-	190.109	+	69.527	))
=	221.243

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Weyco Group'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 )
=	46.828	/	( ( (40.883 + max(119.616, 0))	+	(42.024 + max(94.694, 0)) )	/	2 )
=	46.828	/	( ( 160.499	+	136.718 )	/	2 )
=	46.828	/	148.6085
=	31.51 %

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)
=	(53.209	+	79.567	+	3.06)	-	(16.22	+	0	+	0)
=	119.616

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(39.275	+	74.89	+	6.172)	-	(18.572	+	0	+	7.071)
=	94.694

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	41.393	/	221.785
	=	18.66 %

Weyco Group EBIT Related Terms

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Weyco Group (Weyco Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Weyco Group Inc (NAS:WEYS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

WY1:Germany

Address

333 West Estabrook Boulevard, P.O. Box 1188, Milwaukee, WI, USA, 53201

Website

https://www.weycogroup.com

Weyco Group Inc is a company, engaged in the manufacturing, designing and distribution of footwear. The company designs and markets footwear for men, women, and children. The company organizes its business into two segments; the North American wholesale and the North American retail segment. It markets its apparel, accessories, and footwear under the brand name of Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake. The company has operational footprints in the United States, Canada, Europe, Asia, and Australia among others. It generates a majority of its revenue from the United States.

Executives

Allison Woss	officer: VP - SUPPLY CHAIN	WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Damian Walton	officer: President-Florsheim Australia	WEYCO GROUP, INC., 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Judy Anderson	other: VP Finance/Treasurer	333 W. ESTABROOK BLVD., GLENDALE WI 53212
Dustin Combs	officer: VP, PRESIDENT - BOGS & RAFTERS	WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Kevin Schiff	officer: VP, PRESIDENT - FLORSHEIM	WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Katherine Destinon	officer: VP, PRESIDENT - NUNN BUSH	WEYCO GROUP, INC., W.333 ESTABROOK BLVD, GLENDALE WI 53212
Brian Flannery	officer: VP, PRESIDENT - STACY ADAMS	333 W. ESTABROOK BOULEVARD, GLENDALE WI 53212
George Sotiros	officer: VP - INFORMATION SYSTEMS	WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Jeffrey S Douglass	officer: VP, Marketing	WEYCO GROUP, INC. 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Robert D Hanley	officer: Director of Finance	WEYCO GROUP, INC. 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Joshua Wisenthal	officer: President of Weyco Canada	WEYCO GROUP, INC. 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Michael Bernsteen	officer: VP, President - Nunn Bush	WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Thomas W Florsheim	director, 10 percent owner	333 W. ESTABROOK BOULEVARD, GLENDALE WI 53212
Tina M Chang	director	375 BISHOPS WAY, SUITE 105, BROOKFIELD WI 53005
John Wittkowske	officer: Senior Vice President and CFO	333 W ESTABROOK BLVD, GLENDALE WI 53212