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Materion (Materion) EBIT : $139 Mil (TTM As of Dec. 2023)


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What is Materion EBIT?

Materion's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $139 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Materion's annualized ROC % for the quarter that ended in Dec. 2023 was 4.87%. Materion's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Materion's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.71%.


Materion EBIT Historical Data

The historical data trend for Materion'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.

Materion EBIT Chart

Materion 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 67.12 12.15 82.23 125.01 139.15

Materion 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 40.93 37.67 36.07 37.21 28.21

Competitive Comparison of Materion's EBIT

For the Other Industrial Metals & Mining subindustry, Materion'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.


Materion's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Materion's EV-to-EBIT distribution charts can be found below:

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



Materion 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 $139 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.


Materion  (NYSE:MTRN) EBIT Explanation

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

Materion'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 )
=78.852 * ( 1 - 1.21% )/( (1609.128 + 1592.65)/ 2 )
=77.8978908/1600.889
=4.87 %

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))
=1748.597 - 123.068 - ( 16.401 - max(0, 217.205 - 709.592+16.401))
=1609.128

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))
=1762.726 - 156.782 - ( 13.294 - max(0, 254.995 - 709.382+13.294))
=1592.65

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

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

Materion'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 )
=112.836/( ( (554.576 + max(514.62, 0)) + (572.328 + max(479.69, 0)) )/ 2 )
=112.836/( ( 1069.196 + 1052.018 )/ 2 )
=112.836/1060.607
=10.64 %

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)
=(186.177 + 452.042 + 54.972) - (123.068 + 15.078 + 40.425)
=514.62

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(192.747 + 441.597 + 61.744) - (156.782 + 13.843 + 45.773)
=479.69

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=139.154/2955.709
=4.71 %

* 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.


Materion EBIT Related Terms

Thank you for viewing the detailed overview of Materion's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Materion (Materion) Business Description

Traded in Other Exchanges
Address
6070 Parkland Boulevard, Mayfield Heights, OH, USA, 44124
Materion Corp is a producer of engineered materials based in the United States. The company produces materials used in electrical, electronic, thermal, and structural applications. The company operates in four reportable segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The majority of revenue is derived from Electronic Materials.
Executives
Gregory R. Chemnitz officer: Vice President General Counsel 6070 PARKLAND BLVD., MAYFIELD HTS. OH 44124
Emily M Liggett director
John M Zaranec officer: Chief Accounting Officer 6070 PARKLAND BLVD, MAYFIELD HTS OH 44124
Craig S Shular director C/O GRAFTECH INTERNATIONAL LTD, 12900 SNOW ROAD, PARMA OH 44130
Shelly Marie Chadwick officer: Vice President, Finance & CFO 6070 PARKLAND BLVD, MAYFIELD HTS. OH 44124
Vinod M Khilnani director 905 WEST BLVD NORTH, ELKHART IN 46514
Patrick M. Prevost director C/O SOUTHWESTERN ENERGY COMPANY, 10000 ENERGY DRIVE, SPRING TX 77389-4954
Joseph P Kelley officer: Vice President, Finance & CFO 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Robert J Phillippy director
Joseph P Keithley director NORDSON CORP, 28601 CLEMENS RD, WESTLAKE OH 44145
Richard J Hipple officer: President of Alloy Products 10035 HUNTING DRIVE, BRECKSVILLE OH 44141
N Mohan Reddy director MATERION CORPORATION, 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Jugal K. Vijayvargiya officer: President and CEO C/O DELPHI AUTOMOTIVE, 5725 DELPHI DRIVE, TROY MI 48098
John D Grampa officer: VP Finance, CFO MATERION CORPORATION, 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
William B Lawrence director 7875 OLD MILL RD, GATES MILLS OH 44040

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