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Handy & Harman (Handy & Harman) EBIT : $36.8 Mil (TTM As of Jun. 2017)


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What is Handy & Harman EBIT?

Handy & Harman's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2017 was $24.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2017 was $36.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Handy & Harman's annualized ROC % for the quarter that ended in Jun. 2017 was 8.29%. Handy & Harman's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was 72.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Handy & Harman's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was 9.94%.


Handy & Harman EBIT Historical Data

The historical data trend for Handy & Harman'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.

Handy & Harman EBIT Chart

Handy & Harman Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.55 41.16 46.85 46.12 15.57

Handy & Harman Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 3.98 15.09 -13.51 11.08 24.15

Competitive Comparison of Handy & Harman's EBIT

For the Steel subindustry, Handy & Harman'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.


Handy & Harman's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Handy & Harman's EV-to-EBIT distribution charts can be found below:

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



Handy & Harman 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 Jun. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $36.8 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.


Handy & Harman  (NAS:HNH) EBIT Explanation

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

Handy & Harman's annualized ROC % for the quarter that ended in Jun. 2017 is calculated as:

ROC % (Q: Jun. 2017 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2017 ) + Invested Capital (Q: Jun. 2017 ))/ count )
=96.724 * ( 1 - 38.83% )/( (711.506 + 715.104)/ 2 )
=59.1660708/713.305
=8.29 %

where

Invested Capital(Q: Mar. 2017 )
=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))
=858.245 - 115.204 - ( 31.535 - max(0, 117.655 - 286.035+31.535))
=711.506

Invested Capital(Q: Jun. 2017 )
=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))
=866.521 - 122.323 - ( 29.094 - max(0, 124.845 - 296.632+29.094))
=715.104

Note: The Operating Income data used here is four times the quarterly (Jun. 2017) data.

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

Handy & Harman's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2017 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2017  Q: Jun. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=96.596/( ( (130.357 + max(1.423, 0)) + (133.041 + max(-5.348, 0)) )/ 2 )
=96.596/( ( 131.78 + 133.041 )/ 2 )
=96.596/132.4105
=72.95 %

where Working Capital is:

Working Capital(Q: Mar. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 108.402 + 8.225) - (115.204 + 0 + 1.4210854715202E-14)
=1.423

Working Capital(Q: Jun. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 110.164 + 6.811) - (122.323 + 0 + 0)
=-5.348

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2017) EBIT data.

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

Handy & Harman's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2017 )
=36.806/370.310
=9.94 %

* 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.


Handy & Harman EBIT Related Terms

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Handy & Harman (Handy & Harman) Business Description

Traded in Other Exchanges
N/A
Address
Handy & Harman Ltd is a manufacturer of engineered industrial products. It business units consists of Joining Materials, Tubing, Building Materials, Performance Materials, and Kasco Blades and Route Repair Services. It sells its products and services to a wide range of customers in areas such as the construction, electrical, electronics, transportation, utility, medical, oil and gas exploration, aerospace and defense, and food industries. The majority of the revenue is derived from the sale of building materials and joining materials.
Executives
Robert Frankfurt director 1133 WESTCHESTER AVENUE, SUITE N222, WHITE PLAINS NY 10804
Warren G Lichtenstein director, other: See Explanation of Responses C/O STEEL PARTNERS II L P, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Jack L Howard director, other: See Explanation of Responses 182 FARMERS LANE, STE 101, SANTA ROSA CA 95405
Douglas Woodworth officer: Senior Vice President and CFO STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Fejes William Theodore Jr officer: Senior Vice President 440 NORTH FIFTH AVENUE, CHAMBERSBURG PA 17201
Mccabe James F Jr officer: Senior Vice President and CFO, other: See Explanation of Responses C/O WHX CORPORATION, 555 THEODORE FREMD AVENUE, RYE NY 10580
Steel Partners Holdings L.p. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Holdings Llc 10 percent owner C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Llc 10 percent owner C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings Gp Inc. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Leonard J Mcgill officer: Senior VP, Chief Legal Officer, other: See Explanation of Responses 3125 MYERS STREET, RIVERSIDE CA 92503
Glen M Kassan director, other: See Explanation of Responses C/O STEEL PARTNERS, 590 MADISON AVE, NEW YORK NY 10022
Mitchell I Quain director 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Steel Partners Llc 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Ii Lp 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022

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