Skyworks Solutions (NAS:SWKS) EBIT

: $1,358 Mil (TTM As of Mar. 2023)

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Skyworks Solutions's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $279 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $1,358 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Skyworks Solutions's annualized ROC % for the quarter that ended in Mar. 2023 was 14.47%. Skyworks Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 32.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Skyworks Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 7.59%.

Skyworks Solutions EBIT Historical Data

The historical data trend for Skyworks 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.

Skyworks Solutions Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

EBIT

1,320.10

961.00

891.70

1,612.10

1,524.50

Skyworks Solutions Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT																365.50	325.40	386.50	367.60	278.70

Skyworks 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,358 Mil.

Skyworks Solutions (NAS:SWKS) EBIT Explanation

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

Skyworks Solutions's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	1185.6 * ( 1 - 10.39% )	/	( (7391	+	7292.9)	/ 2 )
=	1062.41616	/	7341.95
=	14.47 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	8947.4	-	563.8	-	( 992.6	-	max(0, 1225.5	-	3414.3	+	992.6	))
=	7391

	Invested Capital		(Q: Mar. 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	))
=	8841.7	-	487.4	-	( 1061.4	-	max(0, 1168.7	-	3399.2	+	1061.4	))
=	7292.9

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

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

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

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1114.8	/	( ( (1777.5 + max(1724.7, 0))	+	(1707.1 + max(1697.5, 0)) )	/	2 )
=	1114.8	/	( ( 3502.2	+	3404.6 )	/	2 )
=	1114.8	/	3453.4
=	32.28 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(764.1	+	1273.3	+	384.3)	-	(563.8	+	0	+	133.2)
=	1724.7

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(685	+	1257	+	395.8)	-	(487.4	+	0	+	152.9)
=	1697.5

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	1358.2	/	17887.944
	=	7.59 %

Skyworks Solutions EBIT Related Terms

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Skyworks Solutions (NAS:SWKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Skyworks Solutions Inc (NAS:SWKS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SWKS:Mexico AWM:Germany SWKS:Austria

Address

5260 California Avenue, Irvine, CA, USA, 92617

Website

https://www.skyworksinc.com

Skyworks Solutions produces semiconductors for wireless handsets and other devices that are used to enable wireless connectivity. Its main products include power amplifiers, filters, switches, and integrated front-end modules that support wireless transmissions. Skyworks' customers are mostly large smartphone manufacturers, but the firm also has a growing presence in nonhandset applications such as wireless routers, medical devices, and automobiles.

Executives

Suzanne E. Mcbride	director	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Eric Guerin	director	1950 HASSELL ROAD, HOFFMAN ESTATES IL 60169
Reza Kasnavi	officer: SVP, Tech. & Manufacturing	5260 CALIFORNIA AVENUE, IRVINE CA 92617
Karilee A Durham	officer: SVP, Human Resources	5260 CALIFORNIA AVENUE, IRVINE CA 92617
Alan S. Batey	director	300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Kimberly S Stevenson	director	199 FREMONT STREET, 7TH FLOOR, SAN FRANCISCO CA 94105
Carlos S Bori	officer: VP, Sales & Marketing	5260 CALIFORNIA AVENUE, IRVINE CA 92617
Robert John Terry	officer: VP, General Counsel &Secretary	5260 CALIFORNIA AVENUE, IRVINE CA 92617
Kris Sennesael	officer: SVP & Chief Financial Officer	5260 CALIFORNIA AVENUE, IRVINE CA 92617
Laura A Gasparini	officer: VP, Human Resources	20 SYLVAN ROAD, WOBURN MA 01801
Peter L Gammel	officer: Chief Technology Officer	600 LEXINGTON AVENUE, 29TH FLOOR, NEW YORK NY 10021
Victoria Vezina	officer: VP, Human Resources	20 SYLVAN ROAD, WOBURN MA 01801
Christine King	director	AMIS HOLDINGS, INC., 2300 BUCKSKIN RD, POCATELLO ID 83201
Bruce J Freyman	officer: Vice President - Operations	5221 CALIFORNIA AVE., IRVINE CA 92617
Donald W Palette	officer: V. P., Chief Financial Officer	20 SYLVAN ROAD, WOBURN MA 01801