Pioneer Power Solutions (Pioneer Power Solutions) EBIT : $1.39 Mil (TTM As of Sep. 2023)

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What is Pioneer Power Solutions EBIT?

Pioneer Power Solutions's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $0.95 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $1.39 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pioneer Power Solutions's annualized ROC % for the quarter that ended in Sep. 2023 was 23.08%. Pioneer Power Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 34.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pioneer Power Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 3.97%.

Pioneer Power Solutions EBIT Historical Data

The historical data trend for Pioneer Power Solutions'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.

Pioneer Power Solutions EBIT Chart

Pioneer Power Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-9.13

-11.75

-4.28

-3.86

-4.03

Pioneer Power Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-1.44	0.76	0.06	-0.38	0.95

Competitive Comparison of Pioneer Power Solutions's EBIT

For the Electrical Equipment & Parts subindustry, Pioneer Power Solutions'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.

Pioneer Power Solutions's EV-to-EBIT Distribution in the Industrial Products Industry

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

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

Pioneer Power Solutions 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.39 Mil.

Pioneer Power Solutions (NAS:PPSI) EBIT Explanation

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

Pioneer Power Solutions's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	3.812 * ( 1 - 0% )	/	( (14.625	+	18.408)	/ 2 )
=	3.812	/	16.5165
=	23.08 %

where

	Invested Capital		(Q: Jun. 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	))
=	30.695	-	6.446	-	( 9.624	-	max(0, 12.178	-	26.541	+	9.624	))
=	14.625

	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	))
=	35.761	-	9.772	-	( 7.581	-	max(0, 16.613	-	30.315	+	7.581	))
=	18.408

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

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

Pioneer Power Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3.812	/	( ( (4.016 + max(5.664, 0))	+	(5.169 + max(6.982, 0)) )	/	2 )
=	3.812	/	( ( 9.68	+	12.151 )	/	2 )
=	3.812	/	10.9155
=	34.92 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.835	+	8.457	+	2.625)	-	(6.446	+	4.462	+	0.345)
=	5.664

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.936	+	8.28	+	5.518)	-	(9.772	+	5.98	+	0)
=	6.982

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

Pioneer Power Solutions's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	1.39	/	34.986
	=	3.97 %

Pioneer Power Solutions EBIT Related Terms

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Pioneer Power Solutions (Pioneer Power Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pioneer Power Solutions Inc (NAS:PPSI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Kelby Street, 12th Floor, One Parker Plaza, Fort Lee, NJ, USA, 07024

Website

https://www.pioneerpowersolutions.com

Pioneer Power Solutions Inc manufactures, sells, and services a broad range of specialty electrical transmission, distribution, and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. Its principal products and services include custom-engineered electrical transformers, switchgear and engine-generator sets and controls, complemented by a national field-service network to maintain and repair power generation assets. Pioneer Power works in two reportable segments: Transmission and Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power). Pioneer generates most of its revenue from the United States of America.

Executives

Nathan Mazurek	10 percent owner, officer: President, CEO, Chairman	C/O PIONEER POWER SOLUTIONS, INC., 400 KELBY STREET 9TH FLOOR, FORT LEE NJ 07024
Kytchener Stevenson Whyte	director	400 KELBY STREET, 12TH FLOOR, FORT LEE NJ 07024
Wojciech Michalec	officer: Interim CFO	400 KELBY STREET, 12TH FLOOR, FORT LEE NJ 07024
A. Lawrence Carroll Trust	10 percent owner	415 L'AMBIANCE DRIVE, APT. 804, LONGBOAT KEY FL 34228
David Tesler	director	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Jonathan Tulkoff	director	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Thomas Klink	director, officer: See Remarks	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Andrew Minkow	director, officer: CFO, Secretary and Treasurer	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Ian Ross	director	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Yossi Cohn	director	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
David J. Landes	director, 10 percent owner	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Provident Pioneer Partners, L.p.	10 percent owner	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Provident Canada Corp.	10 percent owner	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024