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Intevac (Intevac) EBIT : $-13.24 Mil (TTM As of Dec. 2023)


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What is Intevac EBIT?

Intevac's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-1.91 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-13.24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Intevac's annualized ROC % for the quarter that ended in Dec. 2023 was -13.45%. Intevac's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -15.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Intevac's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -23.82%.


Intevac EBIT Historical Data

The historical data trend for Intevac'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.

Intevac EBIT Chart

Intevac 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 3.93 -8.88 -22.48 -16.51 -13.24

Intevac 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 -4.45 -5.45 -1.43 -1.91 -4.45

Competitive Comparison of Intevac's EBIT

For the Specialty Industrial Machinery subindustry, Intevac'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.


Intevac's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Intevac's EV-to-EBIT distribution charts can be found below:

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



Intevac 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 $-13.24 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.


Intevac  (NAS:IVAC) EBIT Explanation

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

Intevac'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 )
=-7.64 * ( 1 - -38.08% )/( (79.984 + 76.941)/ 2 )
=-10.549312/78.4625
=-13.45 %

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:

Intevac'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 )
=-7.64/( ( (9.308 + max(39.733, 0)) + (15.322 + max(32.636, 0)) )/ 2 )
=-7.64/( ( 49.041 + 47.958 )/ 2 )
=-7.64/48.4995
=-15.75 %

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)
=(27.98 + 42.837 + 1.905) - (11.466 + 21.523 + 0)
=39.733

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.22 + 43.795 + 2.123) - (10.719 + 20.783 + -7.105427357601E-15)
=32.636

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-13.236/55.568
=-23.82 %

* 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.


Intevac EBIT Related Terms

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Intevac (Intevac) Business Description

Traded in Other Exchanges
Address
3560 Bassett Street, Santa Clara, CA, USA, 95054
Intevac Inc designs and develops high-productivity, thin-film processing systems. The company's production-proven platforms are designed for high-volume manufacturing of substrates with precise thin-film properties, such as the hard disk drive, display cover panel. The Thin Film Equipment segment also previously designed, developed and marketed manufacturing equipment for the photovoltaic solar cell and semiconductor packaging industries. Geographically, majority of revenue is generated from Asia.
Executives
Kevin Soulsby officer: Chief Financial Officer, 3560 BASSETT STREET, SANTA CLARA CA 95054
Nigel Hunton director, officer: President and CEO 3560 BASSETT STREET, SANTA CLARA CA 95056
Michele Klein director 469 MINOCA ROAD, PORTOLA VALLEY CA 94028
James P Moniz officer: Chief Financial Officer, 1383 E. CAMPBELL AVENUE, CAMPBELL CA 95008
Bleichroeder Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105
David S Dury director C/O INTEVAC INC, 3560 BASSETT STREET, SANTA CLARA CA 95054
Kevin D Barber director 1251 MCKAY DRIVE, SAN JOSE CA 95131
Dickinson Colin John officer: V.P. of Operations 3560 BASSETT STREET, SANTA CLARA CA 95054
Timothy Justyn officer: VP, Operations
Wendell Thomas Blonigan officer: President & CEO INTEVAC, INC., 3560 BASSETT STREET, SANTA CLARA CA 95054
Jay Cho officer: EVP & General Manager 3560 BASSETT STREET, SANTA CLARA CA 95054
Dorothy D Hayes director P.O. BOX 7850, ., MOUNTAIN VIEW CA 94039-7850
Stephen Jamison director 32 INDEPENDENCE ROAD, BEDFORD X1 01730
21 April Fund, Ltd. 10 percent owner Citco Fund Services (Cayman Islands) Ltd, Regatta Office Park West Bay Road, GRAND CAYMAN E9 KY1-1205
Mark Popovich director 24 MACKENZIE LANE, COTO DE CAZA X1 92679

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