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Photronics EBIT

: $56.5 Mil (TTM As of Jan. 2021)
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Photronics's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2021 was $13.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2021 was $56.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Photronics's annualized ROC % for the quarter that ended in Jan. 2021 was 4.39%. Photronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2021 was 7.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Photronics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2021 was 7.04%.


Photronics EBIT Historical Data

* 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.

Photronics Annual Data
Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.84 31.87 70.83 52.13 63.97

Photronics Quarterly Data
Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21
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 21.80 12.05 18.39 12.81 13.27

Photronics 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 Jan. 2021 was 12.046 (Apr. 2020 ) + 18.387 (Jul. 2020 ) + 12.806 (Oct. 2020 ) + 13.269 (Jan. 2021 ) = $56.5 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.


Photronics  (NAS:PLAB) EBIT Explanation

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

Photronics's annualized ROC % for the quarter that ended in Jan. 2021 is calculated as:

ROC % (Q: Jan. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2020 ) + Invested Capital (Q: Jan. 2021 ))/ count )
=47.064 * ( 1 - 23.6% )/( (808.135 + 829.633)/ 2 )
=35.956896/818.884
=4.39 %

where

Invested Capital(Q: Oct. 2020 )
=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))
=1188.182 - 101.382 - ( 278.665 - max(0, 142.939 - 500.139+278.665))
=808.135

Invested Capital(Q: Jan. 2021 )
=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))
=1232.062 - 123.89 - ( 278.539 - max(0, 145.531 - 506.112+278.539))
=829.633

Note: The Operating Income data used here is four times the quarterly (Jan. 2021) data.

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

Photronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2020  Q: Jan. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=53.076/( ( (631.475 + max(71.536, 0)) + (672.398 + max(103.683, 0)) )/ 2 )
=53.076/( ( 703.011 + 776.081 )/ 2 )
=53.076/739.546
=7.18 %

where Working Capital is:

Working Capital(Q: Oct. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(134.47 + 57.269 + 6.883) - (101.382 + 9.299 + 16.405)
=71.536

Working Capital(Q: Jan. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(139.708 + 56.407 + 31.458) - (123.89 + 0 + 0)
=103.683

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2021) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2021 )
=56.508/802.475
=7.04 %

* 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.


Photronics EBIT Related Terms


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