LGL Group (LGL Group) EBIT : $-1.28 Mil (TTM As of Dec. 2023)

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What is LGL Group EBIT?

LGL Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.28 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LGL Group's annualized ROC % for the quarter that ended in Dec. 2023 was -49.23%. LGL Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -257.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. LGL Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.22%.

LGL Group EBIT Historical Data

The historical data trend for LGL Group'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.

LGL Group EBIT Chart

LGL Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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3.44

1.32

-3.52

-2.07

-1.30

LGL Group 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															-0.22	-0.31	-0.44	-0.34	-0.19

Competitive Comparison of LGL Group's EBIT

For the Electronic Components subindustry, LGL Group'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.

LGL Group's EV-to-EBIT Distribution in the Hardware Industry

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

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

LGL Group 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 $-1.28 Mil.

LGL Group (AMEX:LGL) EBIT Explanation

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

LGL Group'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 )
=	-0.768 * ( 1 - 47.34% )	/	( (0.736	+	0.907)	/ 2 )
=	-0.4044288	/	0.8215
=	-49.23 %

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	))
=	41.822	-	0.287	-	( 40.799	-	max(0, 0.611	-	41.502	+	40.799	))
=	0.736

	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	))
=	41.85	-	0.21	-	( 40.733	-	max(0, 0.474	-	41.566	+	40.733	))
=	0.907

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

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

LGL Group'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 )
=	-0.768	/	( ( (0.071 + max(0.092000000000004, 0))	+	(0.075 + max(0.359, 0)) )	/	2 )
=	-0.768	/	( ( 0.163	+	0.434 )	/	2 )
=	-0.768	/	0.2985
=	-257.29 %

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)
=	(0.273	+	0.191	+	0.239)	-	(0.287	+	0	+	0.324)
=	0.092000000000004

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.356	+	0.204	+	0.273)	-	(0.21	+	0	+	0.264)
=	0.359

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.28	/	-12.528
	=	10.22 %

LGL Group EBIT Related Terms

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LGL Group (LGL Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LGL Group Inc (AMEX:LGL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

51L:Germany

Address

2525 Shader Road, Orlando, FL, USA, 32804

Website

https://www.lglgroup.com

LGL Group Inc is engaged in investment and manufacturing business activities. Its Electronic components segment is focused on the design and manufacture of engineered frequency and spectrum control products. The company's Electronic instruments segment is focused on the design and manufacture of high-performance Frequency and Time reference standards that form the basis for timing and synchronization in various applications including satellite communication, time transfer systems, network synchronization, electricity distribution and metrology. Majority of its revenue is derived from the Electronic components segment.

Executives

Herve Francois	director	4 BRIDLE PATH, LAWRENCEVILLE NJ 08648
Darlene T Deremer	director	200 CENTRAL AVENUE, SUITE 1850, ST. PETERSBURG FL 33701
Linda M Biles	officer: VP, Controller	2525 SHADER ROAD, ORLANDO FL 32804
James William Tivy	officer: Chief Financial Officer	220 E. CENTRAL PARKWAY, SUITE 2060, ALTAMONTE SPRINGS FL 32701
Bel Lazar	director	4705 S. APOPKA VINELAND ROAD, SUITE 201, ORLANDO FL 32819
Ferrantino Michael J Jr	director	12 MARTINGALE LANE, ANDOVER MA 01810
Ivan Arteaga	director, officer: CEO	497 EISENHOWER COURT, WYCKOFF NJ 07481
John S Mega	director	C/O L-3 COMMUNICATIONS CORPORATION, 600 THIRD AVENUE, NEW YORK NY 10016
Lapenta Robert V Jr	director	C/O ASTON CAPITAL, 177 BROAD ST., 12TH FLOOR, STAMFORD CT 06901
Mario J Gabelli	director, 10 percent owner	191 MASON STREET, GREENWICH CT 06830
Joan Atkinson	officer: CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06907
Patrick Huvane	officer: Senior Vice President	780 THIRD AVENUE, 21ST FLOOR, NEW YORK NY 10017
Michael J Ferrantino	director
Hendi Susanto	director	2525 SHADER RD., ORLANDO FL 32804
Salerno Frederic V Jr	director	2525 SHADER RD., ORLANDO FL 32804