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EMCORE (EMCORE) EBIT : $-19.25 Mil (TTM As of Dec. 2023)


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What is EMCORE EBIT?

EMCORE's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-4.33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-19.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. EMCORE's annualized ROC % for the quarter that ended in Dec. 2023 was -16.63%. EMCORE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -24.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. EMCORE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -58.59%.


EMCORE EBIT Historical Data

The historical data trend for EMCORE'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.

EMCORE EBIT Chart

EMCORE Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -36.43 -9.32 19.50 -37.94 -27.25

EMCORE Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -7.86 -11.95 -8.12 5.15 -4.33

Competitive Comparison of EMCORE's EBIT

For the Semiconductors subindustry, EMCORE'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.


EMCORE's EV-to-EBIT Distribution in the Semiconductors Industry

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

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



EMCORE 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-19.25 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.


EMCORE  (NAS:EMKR) EBIT Explanation

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

EMCORE's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-16.52 * ( 1 - -0.65% )/( (99.754 + 100.237)/ 2 )
=-16.62738/99.9955
=-16.63 %

where

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

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

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

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-17.304/( ( (37.081 + max(32.867, 0)) + (35.462 + max(34.172, 0)) )/ 2 )
=-17.304/( ( 69.948 + 69.634 )/ 2 )
=-17.304/69.791
=-24.79 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.575 + 28.905 + 13.293) - (17.948 + 1.63 + 5.328)
=32.867

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.922 + 31.954 + 8.967) - (14.271 + 1.894 + 7.506)
=34.172

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-19.253/32.861
=-58.59 %

* 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.


EMCORE EBIT Related Terms

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


EMCORE (EMCORE) Business Description

Traded in Other Exchanges
Address
2015 W. Chestnut Street, Alhambra, CA, USA, 91803
EMCORE Corp is a provider of sensors and navigation systems for the aerospace and defense market. The company operates in one reporting segment, Inertial Navigation, whose product technology categories include: (a) FOG, (b) QMEMS, (c) RLG, in each case which serve the aerospace and defense market. The company operates geographically in United States and Canada, which is the key revenue generator; Asia; Europe; and Other.
Executives
Awm Investment Company, Inc. 10 percent owner 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Rex S Jackson director C/O SYMYX TECHNOLOGIES, INC., 3100 CENTRAL EXPRESSWAY, SANTA CLARA CA 95051
Jeffrey Rittichier officer: Chief Executive Officer 2015 CHESTNUT ST, ALHAMBRA CA 91803
Stephen L Domenik director C/O SEVIN ROSEN FUNDS, 13455 NOEL RD #1670, DALLAS TX 75240
Noel Heiks director C/O EMCORE CORPORATION, 2015 CHESTNUT ST., ALHAMBRA CA 91803
Thomas P. Minichiello officer: Chief Financial Officer 750 N. COMMONS DRIVE, AURORA IL 60504
Bruce Grooms director C/O EMCORE CORPORATION, 2015 CHESTNUT ST., ALHAMBRA CA 91803
Mark A Gordon officer: Intrm Princ Fin and Acc Offcr 2015 CHESTNUT STREET, ALHAMBRA CA 91803
Iain Black officer: SVP, Operations 2015 CHESTNUT STREET, ALHAMBRA CA 91803
David Gregory Wojciechowski officer: Vice President, Sales 2015 CHESTNUT STREET, ALHAMBRA CA 91803
Jikun Kim officer: Chief Financial Officer 181 W. HUNTINGTON DRIVE, SUITE 202, MONROVIA CA 91016
Albert Lu officer: Sr. V.P. of Engineering 2015 CHESTNUT STREET, ALHAMBRA CA 91803
Coringrato Edward J Jr. director 301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011
Mark Weinswig officer: Chief Financial Officer EMCORE CORP, 10420 RESEARCH ROAD, SE, ALBUQUERQUE NM 87123
Steven R Becker director, other: See Remarks 5525 NAKOMA DRIVE, DALLAS TX 75209

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