GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Eastman Kodak Co (FRA:KODN) » Definitions » EBIT

Eastman Kodak Co (FRA:KODN) EBIT : €126 Mil (TTM As of Mar. 2024)


View and export this data going back to . Start your Free Trial

What is Eastman Kodak Co EBIT?

Eastman Kodak Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €126 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Eastman Kodak Co's annualized ROC % for the quarter that ended in Mar. 2024 was 2.24%. Eastman Kodak Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 54.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Eastman Kodak Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 20.43%.


Eastman Kodak Co EBIT Historical Data

The historical data trend for Eastman Kodak 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.

Eastman Kodak Co EBIT Chart

Eastman Kodak Co 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 -39.60 -299.21 53.99 67.02 127.46

Eastman Kodak Co 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 48.57 44.30 13.12 22.93 46.00

Competitive Comparison of Eastman Kodak Co's EBIT

For the Specialty Business Services subindustry, Eastman Kodak 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.


Eastman Kodak Co's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Eastman Kodak Co's EV-to-EBIT distribution charts can be found below:

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



Eastman Kodak 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €126 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.


Eastman Kodak Co  (FRA:KODN) EBIT Explanation

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

Eastman Kodak Co'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 )
=44.16 * ( 1 - 8.57% )/( (1801.905 + 1799.52)/ 2 )
=40.375488/1800.7125
=2.24 %

where

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))
=2159.535 - 123.795 - ( 233.835 - max(0, 259.511 - 652.904+233.835))
=1801.905

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

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

Eastman Kodak Co'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 )
=184/( ( (182.483 + max(172.396, 0)) + (185.84 + max(140.76, 0)) )/ 2 )
=184/( ( 354.879 + 326.6 )/ 2 )
=184/340.7395
=54.00 %

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)
=(178.815 + 198.989 + 41.265) - (123.795 + 33.929 + 88.949)
=172.396

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(127.88 + 211.6 + 42.32) - (118.68 + 0 + 122.36)
=140.76

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:

Eastman Kodak Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=126.347/618.565
=20.43 %

* 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.


Eastman Kodak Co EBIT Related Terms

Thank you for viewing the detailed overview of Eastman Kodak Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Eastman Kodak Co (FRA:KODN) Business Description

Traded in Other Exchanges
Address
343 State Street, Rochester, NY, USA, 14650
Eastman Kodak Co is a United States-based company. The company operates via several business segments: Traditional Printing, Digital Printing, Brand and Advanced Materials and Chemicals. The Traditional Printing segment which derives the majority of revenue offers digital and traditional products and services to various businesses, such as commercial print and book publishing, and this segment contributes over half of the total revenue. The company has a global business presence, with overseas markets accounting for a majority of revenue.

Eastman Kodak Co (FRA:KODN) Headlines

No Headlines