GrafTech International (GrafTech International) EBIT

: $-215.0 Mil (TTM As of Dec. 2023)

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GrafTech International's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-207.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-215.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GrafTech International's annualized ROC % for the quarter that ended in Dec. 2023 was -13.26%. GrafTech International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -98.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GrafTech International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -18.92%.

GrafTech International EBIT Historical Data

The historical data trend for GrafTech International'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.

GrafTech International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

966.03

598.94

516.52

497.13

-215.02

GrafTech International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																74.45	0.52	7.11	-15.19	-207.46

Competitive Comparison

For the Electrical Equipment & Parts subindustry, GrafTech International'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.

GrafTech International EV-to-EBIT Distribution

For the Industrial Products industry and Industrials sector, GrafTech International's EV-to-EBIT distribution charts can be found below:

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

GrafTech International 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 $-215.0 Mil.

GrafTech International (NYSE:EAF) EBIT Explanation

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

GrafTech International'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 )
=	-146.38 * ( 1 - 3.42% )	/	( (1141.22	+	990.935)	/ 2 )
=	-141.373804	/	1066.0775
=	-13.26 %

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	))
=	1483.145	-	169.118	-	( 172.807	-	max(0, 169.245	-	713.358	+	172.807	))
=	1141.22

	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	))
=	1288.889	-	121.076	-	( 176.878	-	max(0, 190.543	-	674.793	+	176.878	))
=	990.935

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

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

GrafTech International'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 )
=	-829.856	/	( ( (511.244 + max(371.433, 0))	+	(522.114 + max(278.877, 0)) )	/	2 )
=	-829.856	/	( ( 882.677	+	800.991 )	/	2 )
=	-829.856	/	841.834
=	-98.58 %

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)
=	(97.328	+	378.97	+	64.253)	-	(169.118	+	0	+	0)
=	371.433

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(101.387	+	345.388	+	22.511)	-	(121.076	+	31.583	+	37.75)
=	278.877

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-215.021	/	1136.583
	=	-18.92 %

GrafTech International EBIT Related Terms

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GrafTech International (GrafTech International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GrafTech International Ltd (NYSE:EAF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

EAF:Mexico G6G:Germany

Address

982 Keynote Circle, Brooklyn Heights, Independence, OH, USA, 44131

Website

https://www.graftech.com

GrafTech International Ltd is a producer of specialized graphite electrodes. The electrode is an essential part of the electric arc furnace process used in aluminum smelters and steel minimills. The company operates into one reporting segment namely Industrial Materials. The Industrial Materials segment manufactures high-quality graphite electrodes essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. It offers graphite electrodes and needle coke products.

Executives

Brookfield Private Funds Holdings Inc.	director, 10 percent owner	THREE WORLD FINANCIAL CENTER, 200 VESEY STREET, 11TH FLOOR, NEW YORK NY 10281
Bcp Gp Ltd	director, 10 percent owner, See Remarks	C/O BROOKFIELD ASSET MANAGEMENT INC., BROOKFIELD PLACE, 181 BAY STREET, SUITE, TORONTO A6 M5J2T3
Diego Donoso	director	2211 H.H. DOW WAY, MIDLAND MI 48674
Marcel Kessler	director, officer: CEO and President	982 KEYNOTE CIRCLE, BROOKLYN HEIGHTS OH 44131
Jean-marc Germain	director	982 KEYNOTE CIRCLE, BROOKLYN HEIGHTS OH 44131
Timothy K Flanagan	officer: CFO, VP Finance & Treasurer	C/O GRAFTECH INTERNATIONAL LTD., 982 KEYNOTE CIRCLE, BROOKLYN HEIGHTS OH 44131
David J. Rintoul	director, officer: President and CEO	600 GRANT STREET, SUITE 6100, PITTSBURGH PA 15219
Debra Fine	director	590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022
Henry R. Keizer	director	MONTPELIER HOUSE, 94 PITTS BAY ROAD, PEMBROKE D0 HM 08
Leslie D Dunn	director
Brookfield Business Partners Ltd	director, 10 percent owner	73 FRONT STREET, 5TH FLOOR, HAMILTON D0 HM12
Bcp Iv Bermuda Investor Lp	director, 10 percent owner	181 BAY STREET, SUITE 300, BROOKFIELD PLACE, TORONTO A6 M5J 2T3
Brookfield Private Equity Group Holdings Lp	director, 10 percent owner	C/O BROOKFIELD ASSET MANAGEMENT INC., BROOKFIELD PLACE, 181 BAY STREET, SUITE, TORONTO A6 M5J2T3
Brookfield Us Inc.	director, 10 percent owner	BROOKFIELD PLACE, 250 VESEY STREET, 15TH FLOOR, NEW YORK NY 10281-1023
Brookfield Private Equity Holdings Llc	director, 10 percent owner	C/O BROOKFIELD ASSET MANAGEMENT INC., BROOKFIELD PLACE, 250 VESEY STREET, NEW YORK NY 10281-1023