Steel Partners Holdings LP (Steel Partners Holdings LP) EBIT : $268 Mil (TTM As of Mar. 2024)

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What is Steel Partners Holdings LP EBIT?

Steel Partners Holdings LP's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $71 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $268 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Steel Partners Holdings LP's annualized ROC % for the quarter that ended in Mar. 2024 was 6.58%. Steel Partners Holdings LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 86.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 53.27%.

Steel Partners Holdings LP EBIT Historical Data

The historical data trend for Steel Partners Holdings LP'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.

Steel Partners Holdings LP EBIT Chart

Steel Partners Holdings LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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157.19

166.65

230.81

313.05

260.04

Steel Partners Holdings LP 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															63.10	72.34	56.53	68.07	71.03

Competitive Comparison of Steel Partners Holdings LP's EBIT

For the Conglomerates subindustry, Steel Partners Holdings LP'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.

Steel Partners Holdings LP's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Steel Partners Holdings LP's EV-to-EBIT falls into.

Steel Partners Holdings LP 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 $268 Mil.

Steel Partners Holdings LP (NYSE:SPLP) EBIT Explanation

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

Steel Partners Holdings LP'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 )
=	264.572 * ( 1 - 23.78% )	/	( (3175.822	+	2953.222)	/ 2 )
=	201.6567784	/	3064.522
=	6.58 %

where

	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	))
=	3990.44	-	252.394	-	( 577.928	-	max(0, 2065.132	-	2627.356	+	577.928	))
=	3175.822

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	3640.959	-	241.069	-	( 446.668	-	max(0, 1864.948	-	2313.232	+	446.668	))
=	2953.222

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

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

Steel Partners Holdings LP'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 )
=	284.104	/	( ( (330.726 + max(-729.523, 0))	+	(325.837 + max(-693.761, 0)) )	/	2 )
=	284.104	/	( ( 330.726	+	325.837 )	/	2 )
=	284.104	/	328.2815
=	86.54 %

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)
=	(216.429	+	202.294	+	916.819)	-	(252.394	+	0	+	1812.671)
=	-729.523

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(223.559	+	204.823	+	742.805)	-	(241.069	+	0	+	1623.879)
=	-693.761

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:

Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	267.963	/	503.042
	=	53.27 %

Steel Partners Holdings LP EBIT Related Terms

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Steel Partners Holdings LP (Steel Partners Holdings LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Steel Partners Holdings LP (NYSE:SPLP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SPLPpA.PFD:USA

Address

590 Madison Avenue, 32nd Floor, New York, NY, USA, 10022

Website

https://www.steelpartners.com

Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. It operates in various segments including the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, including joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services, and metallized films and packaging businesses; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in a full range of banking activities.

Executives

Jack L Howard	director, 10 percent owner, officer: President	182 FARMERS LANE, STE 101, SANTA ROSA CA 95405
Gordon A. Walker	officer: Senior Vice President	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Warren G Lichtenstein	director, 10 percent owner, officer: Executive Chairman	C/O STEEL PARTNERS II L P, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Eric P. Karros	director	C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Rory H. Tahari	director	510 FIFTH AVENUE, NEW YORK NY 10036
Richard I Neal	director	C/O UNITED INDUSTRIAL CORPORATION, 124 INDUSTRY LANE, HUNT VALLEY MD 21030
John P Mcniff	director	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Lon Rosen	director	120 S. CARMELINA AVE., LOS ANGELES CA 90049
James Iii Benenson	director	C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Douglas Woodworth	officer: Chief Financial Officer	STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Spv-i Llc	other: See Footnote 1	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Wgl Capital Corp.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Emh Howard Llc	other: See Footnote 1	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners, Ltd.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Fejes William Theodore Jr	officer: Chief Operating Officer	440 NORTH FIFTH AVENUE, CHAMBERSBURG PA 17201