Wacker Chemie AG (CHIX:WCHD) EBIT : €240 Mil (TTM As of Jun. 2024)

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What is Wacker Chemie AG EBIT?

Wacker Chemie AG's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €116 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €240 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wacker Chemie AG's annualized ROC % for the quarter that ended in Jun. 2024 was 2.34%. Wacker Chemie AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 5.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wacker Chemie AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 6.57%.

Wacker Chemie AG EBIT Historical Data

The historical data trend for Wacker Chemie AG'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.

Wacker Chemie AG EBIT Chart

Wacker Chemie AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-534.40

266.80

1,135.40

1,667.30

459.60

Wacker Chemie AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															1,052.00	615.30	335.30	124.30	115.60

Competitive Comparison of Wacker Chemie AG's EBIT

For the Specialty Chemicals subindustry, Wacker Chemie AG'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.

Wacker Chemie AG's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Wacker Chemie AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Wacker Chemie AG's EV-to-EBIT falls into.

Wacker Chemie AG 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €240 Mil.

Wacker Chemie AG (CHIX:WCHd) EBIT Explanation

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

Wacker Chemie AG's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	178 * ( 1 - 12.42% )	/	( (6495.5	+	6825.4)	/ 2 )
=	155.8924	/	6660.45
=	2.34 %

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	))
=	8854.4	-	971.8	-	( 1387.1	-	max(0, 1763	-	3901.7	+	1387.1	))
=	6495.5

	Invested Capital		(Q: Jun. 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	))
=	9020.7	-	1081	-	( 1114.3	-	max(0, 1492.9	-	3856	+	1114.3	))
=	6825.4

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Wacker Chemie AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	231.2	/	( ( (3260.8 + max(1089.4, 0))	+	(3435.9 + max(1047.2, 0)) )	/	2 )
=	231.2	/	( ( 4350.2	+	4483.1 )	/	2 )
=	231.2	/	4416.65
=	5.23 %

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)
=	(788.6	+	1449.2	+	208.7)	-	(971.8	+	0	+	385.3)
=	1089.4

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(894.1	+	1594.5	+	51.5)	-	(1081	+	0	+	411.9)
=	1047.2

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Wacker Chemie AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	239.9	/	3649.776
	=	6.57 %

Wacker Chemie AG EBIT Related Terms

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Wacker Chemie AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Wacker Chemie AG (CHIX:WCHd) » Definitions » EBIT

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Traded in Other Exchanges

WKCMF:USA 1WCH:Italy 0NR4:UK WCH:Germany WCH:Austria

Address

Hanns-Seidel-Platz 4, Munich, BY, DEU, 81737

Website

https://www.wacker.com

Wacker Chemie AG manufactures and sells chemicals and silicon-based products. The firm organizes itself into four segments based on product type. The Wacker Silicones segment, which generates the most revenue of any segment, sells silicon- and methanol-based products, including durable insulators, lubricants, and sealants. The Wacker Polymers segment provides chemical binders and additives used in construction industry products. The Wacker Biosolutions segment sells chemicals to the pharmaceutical and agrochemical industries. The Wacker Polysilicon segment sells material for solar power and semiconductors. The majority of revenue comes from Europe, China, India, and South Korea.

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