Park-Ohio Holdings (Park-Ohio Holdings) EBIT : $87 Mil (TTM As of Dec. 2023)

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What is Park-Ohio Holdings EBIT?

Park-Ohio Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Park-Ohio Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 7.13%. Park-Ohio Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Park-Ohio Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.14%.

Park-Ohio Holdings EBIT Historical Data

The historical data trend for Park-Ohio Holdings'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.

Park-Ohio Holdings EBIT Chart

Park-Ohio Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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88.70

25.80

26.00

44.50

86.60

Park-Ohio Holdings 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															5.40	20.90	19.80	27.60	18.30

Competitive Comparison of Park-Ohio Holdings's EBIT

For the Specialty Industrial Machinery subindustry, Park-Ohio Holdings'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.

Park-Ohio Holdings's EV-to-EBIT Distribution in the Industrial Products Industry

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

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

Park-Ohio Holdings 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 $87 Mil.

Park-Ohio Holdings (NAS:PKOH) EBIT Explanation

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

Park-Ohio Holdings'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 )
=	70.8 * ( 1 - 0% )	/	( (1011.4	+	974.1)	/ 2 )
=	70.8	/	992.75
=	7.13 %

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	))
=	1456.5	-	393.9	-	( 51.2	-	max(0, 451.4	-	965	+	51.2	))
=	1011.4

	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	))
=	1340.7	-	311.8	-	( 54.8	-	max(0, 363.6	-	824.4	+	54.8	))
=	974.1

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

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

Park-Ohio Holdings'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 )
=	73.2	/	( ( (229.3 + max(485.5, 0))	+	(229.6 + max(426, 0)) )	/	2 )
=	73.2	/	( ( 714.8	+	655.6 )	/	2 )
=	73.2	/	685.2
=	10.68 %

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)
=	(265.8	+	404.2	+	243.8)	-	(393.9	+	0	+	34.4)
=	485.5

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(263.3	+	411.1	+	95.2)	-	(311.8	+	0	+	31.8)
=	426

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:

Park-Ohio Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	86.6	/	947.875
	=	9.14 %

Park-Ohio Holdings EBIT Related Terms

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Park-Ohio Holdings (Park-Ohio Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Park-Ohio Holdings Corp (NAS:PKOH) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

6065 Parkland Boulevard, Cleveland, OH, USA, 44124

Website

http://www.pkoh.com

Park-Ohio Holdings Corp is a company, engaged in industrial supply chain logistics and diversified manufacturing business. It operates in three business segments namely Supply Technologies, Assembly Components and Engineered Products. Geographically, the business of the group is amplifying across the region of the United States, Asia, Europe, Canada, Mexico and others. The company derives most of the revenue from the Supply Technologies segment which provides the customer with total supply management services such as engineering and design support, supplier selection, quality assurance, barcoding, product packaging and tracking, just-in-time and point-of-use delivery and electronic billing services for a range of production components.

Executives

James W Wert	director
Patrick W Fogarty	officer: Director Corporate Development
Robert D Vilsack	officer: Secretary & General Counsel
Moore Dan T Iii	director
Hanna Howard W Iv	director	6065 PARKLAND BLVD., CLEVELAND OH 44124
Matthew V Crawford	director, 10 percent owner, officer: President & COO
Edward F Crawford	director, 10 percent owner, officer: CEO, COB
Patrick V Auletta	director	23000 EUCLID AVE, EUCLID OH 44117
Steven H Rosen	director	6065 PARKLAND BOULEVARD, MAYFIELD HEIGHTS OH 44124
John D Grampa	director	MATERION CORPORATION, 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Ronna Romney	director
Mixon Aaron Malachi Iii	director	800 SUPERIOR AVENUE, SUITE 1800, CLEVELAND OH 44107
W Scott Emerick	officer: VP & CFO	29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092
Kevin R Greene	director
Jeffrey L Rutherford	officer: Vice President & CFO	15885 SPRAGUE RD, STRONGSVILLE OH 44136-1799