Schmitt Industries (STU:SI1A) EBIT : €-3.40 Mil (TTM As of May. 2022)

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What is Schmitt Industries EBIT?

Schmitt Industries's earnings before interest and taxes (EBIT) for the three months ended in May. 2022 was €-3.32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2022 was €-3.40 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Schmitt Industries's annualized ROC % for the quarter that ended in May. 2022 was -73.97%. Schmitt Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2022 was -86.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Schmitt Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in May. 2022 was -21.23%.

Schmitt Industries EBIT Historical Data

The historical data trend for Schmitt Industries'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.

Schmitt Industries EBIT Chart

Schmitt Industries Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

EBIT

Get a 7-Day Free Trial

0.13

-1.29

-1.70

-7.42

-3.45

Schmitt Industries Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
EBIT	Get a 7-Day Free Trial															-3.29	-1.36	2.19	-0.91	-3.32

Competitive Comparison of Schmitt Industries's EBIT

For the Scientific & Technical Instruments subindustry, Schmitt Industries'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.

Schmitt Industries's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Schmitt Industries's EV-to-EBIT distribution charts can be found below:

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

Schmitt Industries 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 May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was €-3.40 Mil.

Schmitt Industries (STU:SI1A) EBIT Explanation

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

Schmitt Industries's annualized ROC % for the quarter that ended in May. 2022 is calculated as:

	ROC % (Q: May. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2022 )	+	Invested Capital (Q: May. 2022 ))	/ count )
=	-12.972 * ( 1 - -0.09% )	/	( (15.135	+	19.972)	/ 2 )
=	-12.9836748	/	17.5535
=	-73.97 %

where

	Invested Capital		(Q: Feb. 2022 )
=	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	))
=	17.931	-	1.652	-	( 1.761	-	max(0, 3.416	-	4.56	+	1.761	))
=	15.135

	Invested Capital		(Q: May. 2022 )
=	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	))
=	21.606	-	3.357	-	( 0.994	-	max(0, 5.513	-	3.79	+	0.994	))
=	19.972

Note: The Operating Income data used here is four times the quarterly (May. 2022) data.

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

Schmitt Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: May. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2022		Q: May. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-13.276	/	( ( (12.775 + max(1.032, 0))	+	(16.83 + max(-0.846, 0)) )	/	2 )
=	-13.276	/	( ( 13.807	+	16.83 )	/	2 )
=	-13.276	/	15.3185
=	-86.67 %

where Working Capital is:

	Working Capital		(Q: Feb. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.825	+	1.931	+	0.026999999999999)	-	(1.652	+	0.1	+	-0.0010000000000003)
=	1.032

	Working Capital		(Q: May. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.711	+	1.366	+	0.719)	-	(3.357	+	0.11	+	0.175)
=	-0.846

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: May. 2022 )
	=	-3.401	/	16.019
	=	-21.23 %

Schmitt Industries EBIT Related Terms

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Schmitt Industries (STU:SI1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Schmitt Industries Inc (STU:SI1A) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2765 North West Nicolai Street, Portland, OR, USA, 97210

Website

https://www.schmittindustries.com

Schmitt Industries Inc is engaged in propane tank monitoring solutions, precision measurement solutions, and ice cream production and distribution. The Company operates as two reportable segments: the Measurement Segment and the Ice Cream Segment. Xact product line includes satellite-focused remote tank monitoring products and related monitoring services for markets in the IoT environment. The Company also manufactures, wholesales, and retails ice cream and related products.

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