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Sono-Tek (Sono-Tek) EBIT : $1.22 Mil (TTM As of Nov. 2023)


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What is Sono-Tek EBIT?

Sono-Tek's earnings before interest and taxes (EBIT) for the three months ended in Nov. 2023 was $0.72 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2023 was $1.22 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sono-Tek's annualized ROC % for the quarter that ended in Nov. 2023 was 31.30%. Sono-Tek's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 97.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sono-Tek's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 2.24%.


Sono-Tek EBIT Historical Data

The historical data trend for Sono-Tek'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.

Sono-Tek EBIT Chart

Sono-Tek Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 1.25 1.39 1.89 0.68

Sono-Tek Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 0.10 0.02 -0.09 0.57 0.72

Competitive Comparison of Sono-Tek's EBIT

For the Scientific & Technical Instruments subindustry, Sono-Tek'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.


Sono-Tek's EV-to-EBIT Distribution in the Hardware Industry

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

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



Sono-Tek 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.22 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.


Sono-Tek  (NAS:SOTK) EBIT Explanation

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

Sono-Tek's annualized ROC % for the quarter that ended in Nov. 2023 is calculated as:

ROC % (Q: Nov. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2023 ) + Invested Capital (Q: Nov. 2023 ))/ count )
=2.884 * ( 1 - 22.47% )/( (7.15 + 7.137)/ 2 )
=2.2359652/7.1435
=31.30 %

where

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

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

Sono-Tek's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Nov. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2023  Q: Nov. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2.884/( ( (2.843 + max(-0.748, 0)) + (3.1 + max(-0.519, 0)) )/ 2 )
=2.884/( ( 2.843 + 3.1 )/ 2 )
=2.884/2.9715
=97.06 %

where Working Capital is:

Working Capital(Q: Aug. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.434 + 4.008 + 0.132) - (2.927 + 3.394 + 0.0010000000000003)
=-0.748

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.762 + 4.253 + 0.081999999999997) - (3.473 + 3.143 + 0)
=-0.519

When net working capital is negative, 0 is used.

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

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

Sono-Tek's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Nov. 2023 )
=1.216/54.324
=2.24 %

* 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.


Sono-Tek EBIT Related Terms

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Sono-Tek (Sono-Tek) Business Description

Traded in Other Exchanges
N/A
Address
2012 Route 9W, Milton, NY, USA, 12547
Sono-Tek Corp designs and manufactures ultrasonic coating systems that apply precise, thin film coatings to a multitude of products for the microelectronics/electronics, alternative energy, medical and industrial markets, including specialized glass applications in construction and automotive. It sell products to emerging research and development and other markets. Its ultrasonic nozzle systems use high frequency, ultrasonic vibrations that atomize liquids into minute drops that can be applied to surfaces at low velocity providing thin layers of protective materials over a surface such as glass or metals.
Executives
Robb William Engle officer: VP 164 LUCAS AVENUE, KINGSTON NY 12401
Christopher L Coccio director, officer: CEO & President SONO-TEK CORP, 2012 RT 9W, MILTON NY 12547
Philip A Strasburg director, officer: Treasurer 19380 CEDAR GLEN DR., BOCA RATON FL 33434
Joseph Riemer officer: Vice President of Engineering SONO-TEK CORP, 2012 RT 9W, MILTON NY 12547
Stephen James Bagley officer: Chief Financial Officer SONO-TEK CORPORATION, 2012 ROUTE 9W, MILTON NY 12547
Christopher Cichetti officer: Vice President SONO-TEK CORP., 2012 RT 9W, MILTON NY 12547
Maria T Kuha officer: VP 9 SUNRISE DRIVE, MILTON NY 12547
Carol A O'donnell director 540 JOAN DRIVE, FAIRFILED CT 06824-2207
Eric Haskell director 518 CANDACE LANE, VILLANOVA PA 19085
Samuel Schwartz director, 10 percent owner, other: Chairman 877 ROUTE 9W, UPPER GRANDVIEW NY 10960
Bennett Bruntil officer: Vice President 351 DUBOIS ROAD, NEW PALTZ NY 12561
Handler Edward J Iii director 31 HANCOCK LANE, DARIEN CT 06820-2511
R Stephen Harshbarger officer: Vice President of Sales ROUTE 22, PAWLING NY 12564
Donald F Mowbray director 103 JENKINS ROAD, BURNT HILLS NY 12027
Norwood Venture Corp other: Former 10% Owner 174 DEZENZO LANE, WEST ORANGE NJ 07052