Tronics Microsystems (XPAR:ALTRO) EBIT : €3.38 Mil (TTM As of Sep. 2023)

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What is Tronics Microsystems EBIT?

Tronics Microsystems's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was €0.52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was €3.38 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tronics Microsystems's annualized ROC % for the quarter that ended in Sep. 2023 was 3.58%. Tronics Microsystems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 11.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tronics Microsystems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 6.74%.

Tronics Microsystems EBIT Historical Data

The historical data trend for Tronics Microsystems'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.

Tronics Microsystems EBIT Chart

Tronics Microsystems Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-10.06

-7.98

-4.84

0.11

1.49

Tronics Microsystems Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															-2.30	2.41	-1.37	2.86	0.52

Competitive Comparison of Tronics Microsystems's EBIT

For the Semiconductor Equipment & Materials subindustry, Tronics Microsystems'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.

Tronics Microsystems's EV-to-EBIT Distribution in the Semiconductors Industry

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

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

Tronics Microsystems 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €3.38 Mil.

Tronics Microsystems (XPAR:ALTRO) EBIT Explanation

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

Tronics Microsystems's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	1.268 * ( 1 - 8.77% )	/	( (28.621	+	35.928)	/ 2 )
=	1.1567964	/	32.2745
=	3.58 %

where

	Invested Capital		(Q: Mar. 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	))
=	18.45	-	1.521	-	( 0.137	-	max(0, 24.346	-	12.654	+	0.137	))
=	28.621

	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	))
=	26.654	-	1.569	-	( 13.534	-	max(0, 32.177	-	21.334	+	13.534	))
=	35.928

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

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.038	/	( ( (4.672 + max(6.755, 0))	+	(4.245 + max(2.445, 0)) )	/	2 )
=	1.038	/	( ( 11.427	+	6.69 )	/	2 )
=	1.038	/	9.0585
=	11.46 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.837	+	4.317	+	5.363)	-	(1.521	+	0	+	4.241)
=	6.755

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.726	+	3.966	+	1.022)	-	(1.569	+	0	+	3.7)
=	2.445

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	3.383	/	50.168
	=	6.74 %

Tronics Microsystems EBIT Related Terms

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Tronics Microsystems (XPAR:ALTRO) Business Description

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Address

98 rue du Pré de l’Horme, Crolles, Cedex, FRA, 38926

Website

http://www.tronicsgroup.com

Tronics Microsystems is a MEMS manufacturer. The company manufactures accelerometers, gyroscopes, micropumps, pressure sensors, switches, biodetectors, and other MEMS, as well as providing MEMS foundry and wafer fab manufacturing solutions. The products of the company are used in the aviation sector, medical sector, and oil & gas sector.

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