Elementis (Elementis) EBIT : $59.9 Mil (TTM As of Dec. 2023)

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What is Elementis EBIT?

Elementis's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $16.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $59.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Elementis's annualized ROC % for the quarter that ended in Dec. 2023 was 1.04%. Elementis's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Elementis's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.60%.

Elementis EBIT Historical Data

The historical data trend for Elementis'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.

Elementis EBIT Chart

Elementis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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88.90

-41.80

19.00

-33.20

59.90

Elementis Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-29.00	34.80	-68.00	43.60	16.30

Competitive Comparison of Elementis's EBIT

For the Specialty Chemicals subindustry, Elementis'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.

Elementis's EV-to-EBIT Distribution in the Chemicals Industry

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

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

Elementis 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 semi-annually data reported by the company within the most recent 12 months, which was $59.9 Mil.

Elementis (OTCPK:EMNSF) EBIT Explanation

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

Elementis'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	26.6 * ( 1 - 47.92% )	/	( (1296.9	+	1357.3)	/ 2 )
=	13.85328	/	1327.1
=	1.04 %

where

	Invested Capital		(Q: Jun. 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	))
=	1485.6	-	121.4	-	( 67.3	-	max(0, 136.7	-	370.2	+	67.3	))
=	1296.9

	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	))
=	1511.4	-	88.3	-	( 65.8	-	max(0, 158.9	-	349.5	+	65.8	))
=	1357.3

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Elementis'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	32.6	/	( ( (385.3 + max(173, 0))	+	(423.6 + max(117.2, 0)) )	/	2 )
=	32.6	/	( ( 558.3	+	540.8 )	/	2 )
=	32.6	/	549.55
=	5.93 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(121.2	+	174.8	+	6.9)	-	(121.4	+	0	+	8.5)
=	173

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(80.1	+	163.3	+	26.8)	-	(88.3	+	0	+	64.7)
=	117.2

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	59.9	/	1301.871
	=	4.60 %

Elementis EBIT Related Terms

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Elementis (Elementis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Elementis PLC (OTCPK:EMNSF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ELMTY:USA ELMl:UK ELM:UK E3E:Germany

Address

55-57 High Holborn, Caroline House, London, GBR, WC1V 6DX

Website

https://www.elementis.com

Elementis PLC manufactures and sells a variety of chemicals and coatings. The firm organizes itself into five segments based on product type: personal care, coatings, talc, and chromium. These segments produce chemical modifiers and additives for their respective products and services, which include anti-perspirants, decorative and industrial coatings, plastics, chrome metal finishing, and oil and gas drilling. Most of the company's revenue comes from North America, and coatings are the company's largest segment.