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AXT (AXTI) EBIT : $-17.51 Mil (TTM As of Dec. 2023)


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What is AXT EBIT?

AXT's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-3.12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-17.51 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AXT's annualized ROC % for the quarter that ended in Dec. 2023 was -1.47%. AXT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AXT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.61%.


AXT EBIT Historical Data

The historical data trend for AXT'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.

AXT EBIT Chart

AXT 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 0.49 7.25 17.82 22.00 -17.51

AXT 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 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 1.89 -3.12 -5.13 -6.14 -3.12

Competitive Comparison of AXT's EBIT

For the Semiconductor Equipment & Materials subindustry, AXT'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.


AXT's EV-to-EBIT Distribution in the Semiconductors Industry

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

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



AXT 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 $-17.51 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.


AXT  (NAS:AXTI) EBIT Explanation

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

AXT'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 )
=-4.012 * ( 1 - -7.19% )/( (292.022 + 294.929)/ 2 )
=-4.3004628/293.4755
=-1.47 %

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:

AXT'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 )
=-12.492/( ( (161.651 + max(106.072, 0)) + (169.147 + max(102.586, 0)) )/ 2 )
=-12.492/( ( 267.723 + 271.733 )/ 2 )
=-12.492/269.728
=-4.63 %

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)
=(18.883 + 86.383 + 22.252) - (17.376 + 0.563 + 3.507)
=106.072

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.256 + 86.503 + 25.005) - (23.88 + 0.305 + 3.993)
=102.586

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-17.506/150.787
=-11.61 %

* 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.


AXT EBIT Related Terms

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AXT (AXTI) Business Description

Traded in Other Exchanges
Address
4281 Technology Drive, Fremont, CA, USA, 94538
AXT Inc is a developer and producer of compound and single-element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.
Executives
Russell Christine director 17165 PINE STREET, LOS GATOS CA 95032
Gary L Fischer officer: Vice President, CFO & Corp Sec 4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Morris S Young director, officer: Chief Executive Officer 4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Jesse Chen director 18975 MONTE VISTA DR, SARATOGA CA 95070
David C Chang director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Ni-pixel director 4699 OLD IRONSIDE DRIVE, SUITE 300, SANTA CLARA CA 95054
Robert G Ochrym officer: VP Business Development 4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Wilson Weicheng Lin officer: Chief Operating Officer 4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Leonard J Leblanc director
Davis Zhang officer: President, JV Operations AXT, INC 4281, TECHNOLOGY DRIVE, FREMONT CA 94538
Hong Q Hou officer: Chief Operating Officer
Nai-yu Pai director 2065 ACADIA CT, CUPERTINO CA 94014
Raymond Anthony Low officer: Chief Financial Officer 25 SHADOW TREE CT, DANVILLE CA 94506
John J Cerilli officer: VP Global Sales & Marketing 4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Yin Philip C S officer: Chief Executive Officer 4281 TECHNOLOGY DRIVE, FREMONT CA 94538

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