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ON Semiconductor (ON Semiconductor) EBIT : $2,592 Mil (TTM As of Mar. 2024)


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What is ON Semiconductor EBIT?

ON Semiconductor's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $554 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $2,592 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ON Semiconductor's annualized ROC % for the quarter that ended in Mar. 2024 was 18.39%. ON Semiconductor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 33.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ON Semiconductor's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.13%.


ON Semiconductor EBIT Historical Data

The historical data trend for ON Semiconductor'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.

ON Semiconductor EBIT Chart

ON Semiconductor 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 424.90 345.00 1,288.20 2,457.10 2,610.60

ON Semiconductor Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 572.30 697.90 713.70 626.70 553.80

Competitive Comparison of ON Semiconductor's EBIT

For the Semiconductors subindustry, ON Semiconductor'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.


ON Semiconductor's EV-to-EBIT Distribution in the Semiconductors Industry

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

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



ON Semiconductor 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,592 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.


ON Semiconductor  (NAS:ON) EBIT Explanation

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

ON Semiconductor's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=2106.4 * ( 1 - 15.7% )/( (9785.4 + 9524.6)/ 2 )
=1775.6952/9655
=18.39 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

ON Semiconductor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2215.2/( ( (4443.9 + max(2040.5, 0)) + (4426.1 + max(2190.6, 0)) )/ 2 )
=2215.2/( ( 6484.4 + 6616.7 )/ 2 )
=2215.2/6550.55
=33.82 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(935.4 + 2111.8 + 382.1) - (946.8 + 0 + 442)
=2040.5

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(873.3 + 2147.1 + 514.1) - (1343.9 + 0 + 0)
=2190.6

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=2592.1/31864.773
=8.13 %

* 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.


ON Semiconductor EBIT Related Terms

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ON Semiconductor (ON Semiconductor) Business Description

Traded in Other Exchanges
Address
5005 East McDowell Road, Phoenix, AZ, USA, 85008
Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy.
Executives
Colpitts Bernard Raymond Jr officer: Chief Accounting Officer ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250
Christina Lampe-onnerud director C/O FUELCELL ENERGY, INC., 3 GREAT PASTURE ROAD, DANBURY CT 06810
Christine Y Yan director C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Simon Keeton officer: EVP & GM, Pwr Sol Grp ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250
Hassane El-khoury director, officer: CEO & President ONSEMI C/O L. BELLERJEAU M/D A700, 5005 EAST MCDOWELL ROAD, PHOENIX AZ 85008
Paul Anthony Mascarenas director 3850 HAMLIN ROAD, AUBURN HILLS MI 48326
Sudhir Gopalswamy officer: SVP & GM, ASG 5701 N. PIMA ROAD, SCOTTSDALE AZ 85250
Robert Tong officer: SVP & GM, ASG 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250
Vince Craig Hopkin officer: EVP & GM, ASG ONSEMI C/O M COLLINS M/D A700, 5005 EAST MCDOWELL ROAD, PHOENIX AZ 85008
George H Cave officer: Senior Vice President C O ONSEMI ATTN M COLLINS, 5005 E MCDOWELL RD MDA700, PHOENIX AZ 85008
Gregory L Waters director ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250
Paul E Rolls officer: Exec VP Sales & Marketing C/O ON SEMICONDUCTOR, 5005 E MCDOWELL RD MD A700, PHOENIX AZ 85008
Emmanuel T Hernandez director C/O MEMC ELECTRONIC MATERIALS, INC., P O BOX 8, ST. PETERS MO 63376
Trent Thad officer: Exec VP & CFO ONSEMI C/O M. COLLINS M/D A700, 5005 EAST MCDOWELL ROAD, PHOENIX AZ 85008
Bruce E Kiddoo director ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250

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