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Cirrus Logic (Cirrus Logic) EBIT

: $247 Mil (TTM As of Dec. 2023)
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Cirrus Logic's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $172 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $247 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cirrus Logic's annualized ROC % for the quarter that ended in Dec. 2023 was 33.69%. Cirrus Logic's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 79.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cirrus Logic's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.81%.


Cirrus Logic EBIT Historical Data

The historical data trend for Cirrus Logic'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.

Cirrus Logic Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 94.80 182.32 246.30 369.61 255.64

Cirrus Logic Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT 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 Premium Member Only Premium Member Only Premium Member Only 140.66 -58.37 22.99 109.65 172.34

Competitive Comparison

For the Semiconductors subindustry, Cirrus Logic'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.


Cirrus Logic EV-to-EBIT Distribution

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

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



Cirrus Logic 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 $247 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.


Cirrus Logic  (NAS:CRUS) EBIT Explanation

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

Cirrus Logic'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 )
=668.752 * ( 1 - 19.39% )/( (1626.611 + 1573.33)/ 2 )
=539.0809872/1599.9705
=33.69 %

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))
=2104.453 - 165.401 - ( 312.441 - max(0, 201.19 - 1096.871+312.441))
=1626.611

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))
=2217.113 - 127.01 - ( 516.773 - max(0, 178.594 - 1185.385+516.773))
=1573.33

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

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

Cirrus Logic'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 )
=689.34/( ( (315.151 + max(603.099, 0)) + (308.572 + max(509.924, 0)) )/ 2 )
=689.34/( ( 918.25 + 818.496 )/ 2 )
=689.34/868.373
=79.38 %

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)
=(271.894 + 328.93 + 183.606) - (165.401 + 0 + 15.93)
=603.099

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(217.269 + 256.675 + 194.668) - (127.01 + 0 + 31.678)
=509.924

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=246.606/4243.281
=5.81 %

* 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.


Cirrus Logic EBIT Related Terms

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Cirrus Logic (Cirrus Logic) Business Description

Traded in Other Exchanges
Address
800 West 6th Street, Austin, TX, USA, 78701
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.
Executives
Andrew Brannan officer: VP, Worldwide Sales WESTFIELD HOUSE, 26 WESTFIELD ROAD, EDINBURGH X0 EH11 2QB
Le Duy Loan T director C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG B, AUSTIN TX 78759
Scott Thomas officer: VP General Counsel C/O CIRRUS LOGIC INC, 800 WEST 6TH STREET, AUSTIN TX 78701
Alexander M Davern director C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG C, AUSTIN TX 78759
Scott Arnold Anderson officer: SVP & GM Mixed Signal Audio 1303 E ALGONQUIN RD, SCHAUMBURG IL 60196
Carl Jackson Alberty officer: VP of MSP 800 W. 6TH STREET, AUSTIN TX 78701
Justin E Dougherty officer: VP, Engineering Operation 800 W. 6TH STREET, AUSTIN TX 78701
Timothy R Dehne director C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG B, AUSTIN TX 78759
Venkatesh Nathamuni officer: Chief Financial Officer 800 W. 6TH STREET, AUSTIN TX 78701
Denise Grode officer: Chief Human Resources Officer 800 W. 6TH STREET, AUSTIN TX 78701
Jeffrey W Baumgartner officer: VP, R&D 800 W. 6TH STREET, AUSTIN TX 78701
Allan Hughes officer: VP, Cirrus Logic Internat WESTFIELD HOUSE, 26 WESTFIELD ROAD, EDINBURGH X0 EH11 2QB
Thurman K Case officer: VP and CFO C/O CIRRUS LOGIC INC, 800 W. 6TH STREET, AUSTIN TX 78701
John Forsyth director, officer: CEO 800 W. 6TH STREET, AUSTIN TX 78701
Muhammad Raghib Hussain director 5488 MARVELL LANE, SANTA CLARA CA 95054

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