NVE (NVEC) EBIT

: $23.36 Mil (TTM As of Dec. 2023)

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NVE's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $4.47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $23.36 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NVE's annualized ROC % for the quarter that ended in Dec. 2023 was 29.94%. NVE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 157.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NVE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.19%.

NVE EBIT Historical Data

The historical data trend for NVE'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.

NVE Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

15.93

15.52

12.74

16.33

25.64

NVE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																4.82	8.90	5.37	4.62	4.47

Competitive Comparison

For the Semiconductors subindustry, NVE'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.

NVE EV-to-EBIT Distribution

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

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

NVE 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 $23.36 Mil.

NVE (NAS:NVEC) EBIT Explanation

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

NVE'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 )
=	17.884 * ( 1 - 15.68% )	/	( (52.748	+	47.977)	/ 2 )
=	15.0797888	/	50.3625
=	29.94 %

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	))
=	67.71	-	0.784	-	( 14.178	-	max(0, 0.961	-	25.126	+	14.178	))
=	52.748

	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	))
=	67.629	-	0.631	-	( 19.021	-	max(0, 0.81	-	29.213	+	19.021	))
=	47.977

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

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

NVE'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 )
=	17.884	/	( ( (1.566 + max(10.165, 0))	+	(1.455 + max(9.56, 0)) )	/	2 )
=	17.884	/	( ( 11.731	+	11.015 )	/	2 )
=	17.884	/	11.373
=	157.25 %

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)
=	(2.916	+	6.968	+	1.064)	-	(0.784	+	0	+	-0.001)
=	10.165

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.246	+	7.35	+	0.596)	-	(0.631	+	0	+	0.0010000000000001)
=	9.56

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	23.362	/	377.184
	=	6.19 %

NVE EBIT Related Terms

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NVE (NVEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » NVE Corp (NAS:NVEC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

NVK:Germany

Address

11409 Valley View Road, Eden Prarie, MN, USA, 55344

Website

https://www.nve.com

NVE Corp develops and sells devices that use spintronics, a nanotechnology that relies on electron spin. It manufactures high-performance spintronic products including sensors and couplers that are used to acquire and transmit data. The company's products include Digital sensors, Medical sensors, Rotation Sensors, GT Sensors, Angle Sensors, Analog sensors, MSOP Isolators, Passive-In Transceivers, and others. The company manufactures high-performance spintronic products including sensors and couplers. The company's designs are based on giant magnetoresistance GMR and tunneling magnetoresistance TMR combined with integrated circuitry.

Executives

Patricia M Hollister	director	3455 LYMAN BLVD, CHASKA MN 55318-3052
Daniel A Baker	director, officer: President and CEO	11409 VALLEY VIEW ROAD, EDEN PRAIRIE MN 55344-3617
Terrence Glarner	director	160 MONTROSE PLACE, ST. PAUL MN 55104
James W Bracke	director	15411 MASON POINTE, EDEN PRAIRIE MN 55347
Curt A Reynders	officer: Chief Financial Officer	11409 VALLEY VIEW ROAD, EDEN PRAIRIE MN 55344
James D Hartman	director
Richard W Kramp	director	174 STONEBRIDGE ROAD, ST. PAUL MN 55118
Gary R Maharaj	director	9924 WEST 74TH STREET, EDEN PRAIRIE MN 55344
Robert Irish	director	17910-39TH PLACE NORTH, PLYMOUTH MN 55446
Daughton James Dr	director, 10 percent owner, officer: Chief Technology Officer
Richard George	officer: Chief Financial Officer
Wells Fargo & Company/mn	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Partners Itasca	10 percent owner	3600 IDS CENTER, 80 SOUTH EIGHT ST, MINNEAPOLIS MN 55402
Norwest Equity Partners Iv Lp /mn/	10 percent owner	3600 IDS CENTER 80 SOUTH EIGHTH STREET, MINNEAPOLIS MN 554026
Still George J Jr	10 percent owner	NORWEST VENTURE PARTNERS, 525 UNIVERSITY AVENUE, SUITE 800, PALO ALTO CA 94301