Ascent Industries Co (Ascent Industries Co) EBIT : $-41.0 Mil (TTM As of Dec. 2023)

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What is Ascent Industries Co EBIT?

Ascent Industries Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-19.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-41.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ascent Industries Co's annualized ROC % for the quarter that ended in Dec. 2023 was -36.29%. Ascent Industries Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -54.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ascent Industries Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -30.16%.

Ascent Industries Co EBIT Historical Data

The historical data trend for Ascent Industries 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.

Ascent Industries Co EBIT Chart

Ascent Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

0.06

-29.86

26.98

14.75

-36.84

Ascent Industries Co 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															-14.89	-5.50	-3.60	-12.67	-19.24

Competitive Comparison of Ascent Industries Co's EBIT

For the Steel subindustry, Ascent Industries 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.

Ascent Industries Co's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ascent Industries Co's EV-to-EBIT distribution charts can be found below:

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

Ascent Industries 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-41.0 Mil.

Ascent Industries Co (NAS:ACNT) EBIT Explanation

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

Ascent Industries Co'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 )
=	-75.82 * ( 1 - 22.58% )	/	( (183.095	+	140.413)	/ 2 )
=	-58.699844	/	161.754
=	-36.29 %

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	))
=	215.191	-	31.366	-	( 0.73	-	max(0, 36.858	-	135.035	+	0.73	))
=	183.095

	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	))
=	163.295	-	21.031	-	( 1.851	-	max(0, 24.789	-	89.413	+	1.851	))
=	140.413

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

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

Ascent Industries Co'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 )
=	-76.952	/	( ( (60.151 + max(101.969, 0))	+	(57.539 + max(64.565, 0)) )	/	2 )
=	-76.952	/	( ( 162.12	+	122.104 )	/	2 )
=	-76.952	/	142.112
=	-54.15 %

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)
=	(32.91	+	83.044	+	18.351)	-	(31.366	+	0	+	0.97)
=	101.969

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(26.604	+	52.306	+	8.652)	-	(21.031	+	0.062	+	1.904)
=	64.565

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-41.005	/	135.971
	=	-30.16 %

Ascent Industries Co EBIT Related Terms

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Ascent Industries Co (Ascent Industries Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ascent Industries Co (NAS:ACNT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SY4:Germany

Address

1400 16th Street, Suite 270, Oak Brook, IL, USA, 60523

Website

https://www.ascentco.com

Ascent Industries Co is engaged in the chemical and metal industry. The group operates into two reportable segments namely the Ascent Tubular Products and the Specialty Chemicals Segment. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive and commercial transportation, brewery, chemical, petrochemical and other industries. The Specialty Chemicals segment produces specialty products for the pulp and paper, coatings, adhesives, sealants and elastomers (CASE), textile, automotive, household and other industries. It manufactures welded pipe and tube, majorly from stainless steel, duplex, and nickel alloys. The company also produces specialty chemicals and dyes used in various end markets.

Executives

Zuppo John Robert Iii	other: Exec VP - Synalloy Chemicals	6095 OLD BRICK STORE RD, GREENSBORO NC 27455
William Steckel	officer: Chief Financial Officer	2972 STENDER WAY, SANTA CLARA CA 95054
Benjamin L Rosenzweig	director	50 OLD IVY ROAD SUITE 230, ATLANTA GA 30342
Mazzaferro Aldo John Jr	director	15 MIDWOOD ROAD, STONY BROOK NY 11790
Christopher Gerald Hutter	director	1400 16TH STREET, SUITE 250, OAK BROOK IL 60523
Privet Fund Lp	10 percent owner, other: See Explanation of Responses	3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305
Henry L Guy	director	89 SUMMIT AVENUE, SECOND FLOOR, SUMMIT NJ 07901
Aaron M Tam	officer: Chief Financial Officer	4510 COX ROAD, SUITE 201, GLEN ALLEN VA 23060
John Schauerman	director	26000 COMMERCENTRE DR., LAKE FOREST CA 92630
Tackett Glenn Douglas Jr	officer: Chief Legal Officer	4510 COX ROAD, SUITE 201, GLEN ALLEN VA 23060
David James Kuzy	other: EVP - Synalloy Chemicals	639 S. MAIN STREET, NAPERVILLE IL 60540
Timothy J Lynch	other: Exec VP - Synalloy Metals	13601 PERDIDO KEY DRIVE, UNIT 12 C, PENSACOLA FL 32507
Sarah M Cunningham	officer: VP Corporate Adinistration	14519 AUGUSTA LANE, ASHLAND X1 23005
Maria Haughton Roberson	other: President, ASTI	129 HONEYCUTT ROAD, TROUTMAN NC 28166
Anthony A Callander	director	PO BOX 5627, SPARTANBURG SC 29304