DuPont de Nemours (LSE:DOW) EBIT : $900 Mil (TTM As of Dec. 2023)

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What is DuPont de Nemours EBIT?

DuPont de Nemours's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-515 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $900 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DuPont de Nemours's annualized ROC % for the quarter that ended in Dec. 2023 was 2.25%. DuPont de Nemours's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -26.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DuPont de Nemours's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.72%.

DuPont de Nemours EBIT Historical Data

The historical data trend for DuPont de Nemours'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.

DuPont de Nemours EBIT Chart

DuPont de Nemours Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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541.00

-1,574.00

1,969.00

1,940.00

900.00

DuPont de Nemours 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															315.00	451.00	454.00	510.00	-515.00

Competitive Comparison of DuPont de Nemours's EBIT

For the Specialty Chemicals subindustry, DuPont de Nemours'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.

DuPont de Nemours's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, DuPont de Nemours's EV-to-EBIT distribution charts can be found below:

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

DuPont de Nemours 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 $900 Mil.

DuPont de Nemours (LSE:DOW) EBIT Explanation

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

DuPont de Nemours'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 )
=	1564 * ( 1 - 51.3% )	/	( (34719	+	33062)	/ 2 )
=	761.668	/	33890.5
=	2.25 %

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	))
=	39133	-	3076	-	( 1338	-	max(0, 3688	-	7935	+	1338	))
=	34719

	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	))
=	38552	-	3098	-	( 2392	-	max(0, 3098	-	7514	+	2392	))
=	33062

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

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

DuPont de Nemours'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 )
=	-2060	/	( ( (5756 + max(2630, 0))	+	(5884 + max(1167, 0)) )	/	2 )
=	-2060	/	( ( 8386	+	7051 )	/	2 )
=	-2060	/	7718.5
=	-26.69 %

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)
=	(1645	+	2279	+	1919)	-	(3076	+	0	+	137)
=	2630

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1513	+	2147	+	605)	-	(3098	+	0	+	0)
=	1167

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:

DuPont de Nemours's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	900	/	52230.898
	=	1.72 %

DuPont de Nemours EBIT Related Terms

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DuPont de Nemours (LSE:DOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » DuPont de Nemours Inc (LSE:DOW) » Definitions » EBIT

Comparable Companies

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DD:USA DD:Mexico 1DD:Italy 6D81:Germany DDNB34:Brazil DD:Argentina

Address

974 Centre Road, Building 730, Wilmington, DE, USA, 19805

Website

https://www.dupont.com

DuPont is a diversified global specialty chemicals company created in 2019 as a result of the DowDuPont merger and subsequent separations. Its portfolio includes specialty chemicals and downstream products that serve the electronics and communication, automotive, construction, safety and protection, and water management industries. DuPont benefits from the ability to produce patented specialty chemicals that command pricing power. Noteworthy products include Kevlar, Tyvek, and Nomex, which have evolved over time to enable a wide range of applications across multiple industries.