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Lumentum Holdings (Lumentum Holdings) EBIT : $-227 Mil (TTM As of Dec. 2023)


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What is Lumentum Holdings EBIT?

Lumentum Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-92 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-227 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lumentum Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -14.23%. Lumentum Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -32.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lumentum Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.95%.


Lumentum Holdings EBIT Historical Data

The historical data trend for Lumentum 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.

Lumentum Holdings EBIT Chart

Lumentum Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 235.50 529.80 315.30 -66.90

Lumentum 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 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 -18.20 -40.00 -36.00 -59.60 -91.80

Competitive Comparison of Lumentum Holdings's EBIT

For the Communication Equipment subindustry, Lumentum 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.


Lumentum Holdings's EV-to-EBIT Distribution in the Hardware Industry

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

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



Lumentum 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 $-227 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.


Lumentum Holdings  (NAS:LITE) EBIT Explanation

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

Lumentum 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 )
=-397.6 * ( 1 - 2.36% )/( (2340.3 + 3114.8)/ 2 )
=-388.21664/2727.55
=-14.23 %

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:

Lumentum 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 )
=-367.2/( ( (580.4 + max(481.2, 0)) + (663.6 + max(513.9, 0)) )/ 2 )
=-367.2/( ( 1061.6 + 1177.5 )/ 2 )
=-367.2/1119.55
=-32.80 %

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)
=(220 + 428 + 99.4) - (260.4 + 1.6 + 4.2)
=481.2

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(248.3 + 471.7 + 118.1) - (317.2 + 0.9 + 6.1)
=513.9

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-227.4/4591.308
=-4.95 %

* 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.


Lumentum Holdings EBIT Related Terms

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Lumentum Holdings (Lumentum Holdings) Business Description

Traded in Other Exchanges
Address
1001 Ridder Park Drive, San Jose, CA, USA, 95131
Lumentum Holdings Inc is a California-based technology firm. The company provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses. Its segments are OpComms and Lasers. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics. It generates maximum revenue from the OpComms segment. The OpComms segment products include a wide range of components, modules and subsystems to support customers including carrier networks for access (local), metro (intracity), long-haul, and submarine (undersea) applications.
Executives
Julia Suzanne Johnson director 1001 RIDDER PARK STREET, SAN JOSE CA 95131
Yuen Wupen officer: See Remarks 2911 ZANKER ROAD, SAN JOSE CA 95134
Wajid Ali officer: EVP & Chief Financial Officer 400 N MCCARTHY BLVD, MILPITAS CA 95035
Pamela Fletcher director C/O COHERENT, INC., 5100 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Matthew Joseph Sepe officer: Chief Accounting Officer 400 NORTH MCCARTHY BLVD, MILPITAS CA 95035
Brian Lillie director 1485 BROOKMILL ROAD, LOS ALTOS CA 94024
Alan S Lowe director, officer: Chief Executive Officer 400 NORTH MCCARTHY BLVD, MILPITAS CA 95035
Judy G Hamel officer: SVP, GC and Secretary 400 MCCARTHY BLVD, MILPITAS CA 95035
Penny Herscher director 1001 RIDDER PARK DRIVE, SAN JOSE CA 95131
Isaac Hosojiro Harris director 310 W 113TH ST # 801, NEW YORK NY 10026-3389
Vincent Retort officer: EVP, Chief Operating Officer 400 MCCARTHY BLVD, MILPITAS CA 95035
Harold L Covert director 400 NORTH MCCARTHY BLVD, MILPITAS CA 95035
Jason Reinhardt officer: EVP, Global Sales 400 N. MCCARTHY BLVD, MILPITAS CA 95035
Janet S. Wong director 2510 LAKE FRONT CIRCLE, THE WOODLANDS TX 77380-1576
Samuel F Thomas director 400 N MCCARTHY BLVD, MILPITAS CA 95035