Hammond Manufacturing Co (TSX:HMM.A) EBIT : C$28.1 Mil (TTM As of Dec. 2023)

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What is Hammond Manufacturing Co EBIT?

Hammond Manufacturing Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$7.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$28.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hammond Manufacturing Co's annualized ROC % for the quarter that ended in Dec. 2023 was 14.20%. Hammond Manufacturing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 19.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hammond Manufacturing Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.20%.

Hammond Manufacturing Co EBIT Historical Data

The historical data trend for Hammond Manufacturing Co'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.

Hammond Manufacturing Co EBIT Chart

Hammond Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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8.03

11.92

11.64

17.97

28.05

Hammond Manufacturing Co 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															7.22	6.28	8.24	6.09	7.44

Competitive Comparison of Hammond Manufacturing Co's EBIT

For the Electrical Equipment & Parts subindustry, Hammond Manufacturing Co'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.

Hammond Manufacturing Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hammond Manufacturing Co's EV-to-EBIT distribution charts can be found below:

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

Hammond Manufacturing Co 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 C$28.1 Mil.

Hammond Manufacturing Co (TSX:HMM.A) EBIT Explanation

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

Hammond Manufacturing Co'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 )
=	29.116 * ( 1 - 24.5% )	/	( (154.111	+	155.427)	/ 2 )
=	21.98258	/	154.769
=	14.20 %

where

	Invested Capital		(Q: Sep. 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	))
=	184.625	-	26.665	-	( 3.849	-	max(0, 68.456	-	104.659	+	3.849	))
=	154.111

	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	))
=	189.538	-	25.221	-	( 8.89	-	max(0, 66.912	-	109.987	+	8.89	))
=	155.427

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

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

Hammond Manufacturing Co'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 )
=	29.768	/	( ( (77.706 + max(72.941, 0))	+	(77.195 + max(74.178, 0)) )	/	2 )
=	29.768	/	( ( 150.647	+	151.373 )	/	2 )
=	29.768	/	151.01
=	19.71 %

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)
=	(30.013	+	68.989	+	0.96799999999999)	-	(26.665	+	0	+	0.364)
=	72.941

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(30.354	+	67.552	+	1.89)	-	(25.221	+	0	+	0.39700000000001)
=	74.178

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:

Hammond Manufacturing Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	28.051	/	184.593
	=	15.20 %

Hammond Manufacturing Co EBIT Related Terms

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Hammond Manufacturing Co (TSX:HMM.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hammond Manufacturing Co Ltd (TSX:HMM.A) » Definitions » EBIT

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HMFAF:USA

Address

394 Edinburgh Road North, Guelph, ON, CAN, N1H 1E5

Website

https://www.hammfg.com

Hammond Manufacturing Co Ltd provides electrical and electronic components to Original Equipment Manufacturers (OEM) through a network of agents and distributors. Its product categories include Electrical Enclosures, Small Enclosures, Rack Mounting Solutions, PDUs & Outlet Strips, Transformers, and Classic Transformers & Chokes. Its geographical segments are Canada, the United States, and other countries, of which key revenue is derived from the United States.

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