GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Bel Fuse Inc (NAS:BELFA) » Definitions » EBIT

Bel Fuse (Bel Fuse) EBIT : $87.2 Mil (TTM As of Mar. 2024)


View and export this data going back to 1984. Start your Free Trial

What is Bel Fuse EBIT?

Bel Fuse's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $20.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $87.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bel Fuse's annualized ROC % for the quarter that ended in Mar. 2024 was 15.53%. Bel Fuse's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 41.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bel Fuse's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.03%.


Bel Fuse EBIT Historical Data

The historical data trend for Bel Fuse'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.

Bel Fuse EBIT Chart

Bel Fuse 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 -1.85 16.88 30.87 62.44 86.15

Bel Fuse 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 19.72 28.20 24.28 13.95 20.79

Competitive Comparison of Bel Fuse's EBIT

For the Electronic Components subindustry, Bel Fuse'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.


Bel Fuse's EV-to-EBIT Distribution in the Hardware Industry

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

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



Bel Fuse 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 $87.2 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.


Bel Fuse  (NAS:BELFA) EBIT Explanation

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

Bel Fuse'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 )
=71.676 * ( 1 - 22% )/( (352.66 + 367.133)/ 2 )
=55.90728/359.8965
=15.53 %

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))
=571.631 - 92.052 - ( 126.919 - max(0, 110.609 - 381.478+126.919))
=352.66

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

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

Bel Fuse'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 )
=83.144/( ( (57.014 + max(137.507, 0)) + (57.364 + max(153.198, 0)) )/ 2 )
=83.144/( ( 194.521 + 210.562 )/ 2 )
=83.144/202.5415
=41.05 %

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)
=(84.129 + 136.54 + 21.097) - (92.052 + 3.046 + 9.161)
=137.507

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(83.458 + 130.459 + 20.052) - (66.984 + 2.606 + 11.181)
=153.198

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:

Bel Fuse's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=87.218/725.236
=12.03 %

* 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.


Bel Fuse EBIT Related Terms

Thank you for viewing the detailed overview of Bel Fuse's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Bel Fuse (Bel Fuse) Business Description

Traded in Other Exchanges
Address
206 Van Vorst Street, Jersey City, NJ, USA, 07302
Bel Fuse Inc designs and manufactures electronic components that protect and connect electronic circuits. Its product portfolio is divided into three categories: magnetic solutions, power solutions & protection, and connectivity solutions. These products are used for the computer, networking, telecommunications, transportation and defense/aerospace, automotive, medical, and consumer electronics industries. Its geographical segments are the United States, Macao, United Kingdom, Slovakia, Germany, Switzerland, and All other foreign countries. Majority of the revenue is derived from United States.
Executives
Daniel Bernstein director, officer: President and CEO
Avi D Eden director
Mark B Segall director 251 WEST 89TH STREET APT 20, NEW YORK NY 10024
Thomas E Dooley director 1515 BROADWAY, NEW YORK NY 10036
Bittner Peter G. Iii officer: Vice President C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Vincent Vellucci director C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Rita V Smith director C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Craig Brosious officer: Vice President of Finance C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Peter E Gilbert director
John F Tweedy director
Robert H Simandl director
Dennis Ackerman officer: Vice President - Operations C/O BEL FUSE INC, 206 VAN VORST STREET, JERSEY NJ 07302
Eric M Nowling director STANDARD MICROSYSTEMS CORP, 80 ARKAY DRIVE, HAUPPAUGE NY 11788
Norman L. Yeung director C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Raymond Cheung officer: Vice President-Asia Operations C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302