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Ciena's earnings before interest and taxes (EBIT) for the three months ended in Jul. 2024 was $41 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2024 was $239 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ciena's annualized ROC % for the quarter that ended in Jul. 2024 was 2.41%. Ciena's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was 10.00%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ciena's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was 2.37%.
The historical data trend for Ciena'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.
Ciena Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 350.64 | 487.28 | 493.59 | 229.56 | 411.68 |
Ciena Quarterly Data | ||||||||||||||||||||
Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | |
EBIT | Get a 7-Day Free Trial | 88.40 | 94.73 | 95.28 | 7.83 | 40.76 |
For the Communication Equipment subindustry, Ciena'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.
For the Hardware industry and Technology sector, Ciena's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Ciena's EV-to-EBIT falls into.
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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $239 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.
Ciena (NYSE:CIEN) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Ciena's annualized ROC % for the quarter that ended in Jul. 2024 is calculated as:
ROC % (Q: Jul. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Apr. 2024 ) | + | Invested Capital (Q: Jul. 2024 )) | / count ) |
= | 112.416 * ( 1 - 12.99% ) | / | ( (3981.856 | + | 4142.013) | / 2 ) |
= | 97.8131616 | / | 4061.9345 | |||
= | 2.41 % |
where
Invested Capital | (Q: Apr. 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 | )) |
= | 5614.803 | - | 376.038 | - | ( 1256.909 | - | max(0, 912.191 | - | 3541.347 | + | 1256.909 | )) |
= | 3981.856 |
Invested Capital | (Q: Jul. 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 | )) |
= | 5575.13 | - | 331.942 | - | ( 1101.175 | - | max(0, 870.559 | - | 3538.459 | + | 1101.175 | )) |
= | 4142.013 |
Note: The Operating Income data used here is four times the quarterly (Jul. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Ciena's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Jul. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Apr. 2024 | Q: Jul. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 163.024 | / | ( ( (304.563 + max(1213.423, 0)) | + | (327.878 + max(1413.045, 0)) ) | / | 2 ) |
= | 163.024 | / | ( ( 1517.986 | + | 1740.923 ) | / | 2 ) |
= | 163.024 | / | 1629.4545 | ||||
= | 10.00 % |
where Working Capital is:
Working Capital | (Q: Apr. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (840.131 | + | 1022.615 | + | 230.796) | - | (376.038 | + | 196.989 | + | 307.092) |
= | 1213.423 |
Working Capital | (Q: Jul. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (899.877 | + | 937.399 | + | 414.757) | - | (331.942 | + | 179.457 | + | 327.589) |
= | 1413.045 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Jul. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Ciena's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Jul. 2024 ) |
= | 238.592 | / | 10049.312 | |
= | 2.37 % |
* 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.
Thank you for viewing the detailed overview of Ciena's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph Cumello | officer: SVP, General Mgr. Blue Planet | 7035 RIDGE RD, HANOVER MD 21076 |
David M Rothenstein | officer: Sr. VP, General Counsel | 7035 RIDGE ROAD, HANOVER MD 21076 |
Dino Diperna | officer: SVP Global R&D | 385 TERRY FOX DR, OTTAWA A6 K2K OL1 |
Jason Phipps | officer: SVP Global Sales and Marketing | 7410 RIDGE RD, HANOVER MD 21076 |
Gary B Smith | director, officer: President, CEO | C/O CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076 |
Brodie Gage | officer: SVP Global Products & Supply | 2351 ALFRED-NOBEL BLVD, SUITE N-300, SAINT LAURENT A8 H4S 2A9 |
Scott Mcfeely | officer: SVP, Networking Platforms | 7035 RIDGE RD, HANOVER MD 21076 |
Mary G Puma | director | AXCELIS TECHNOLOGIES INC., 108 CHERRY HILL DRIVE, BEVERLY MA 01915 |
Andrew C Petrik | officer: VP, CONTROLLER | 7035 RIDGE ROAD, HANOVER MD 21076 |
Sheela Kosaraju | officer: SVP, General Counsel | 43-51 WORSHIP ST, LONDON X0 EC2A 2DX |
Stephen B Alexander | officer: SVP, Chief Technology Officer | C/O CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076 |
Rick Hamilton | officer: SVP, Software and Services | 9500 AMBERGIEN, AUSTIN TX 78729 |
Moylan James E Jr | officer: SVP Finance, CFO | CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076 |
Judith M Obrien | director | 855 MAUDE AVENUE, MOUNTAIN VIEW CA 94043 |
Thomas Michael Nevens | director | C/O BORLAND SOFTWARE CORPORATION, 20450 STEVENS CREEK BLVD, SUITE 800, CUPERTINO CA 95014 |
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