Elspec Engineering (XTAE:ELSPC) EBIT : ₪14.39 Mil (TTM As of Jun. 2024)

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What is Elspec Engineering EBIT?

Elspec Engineering's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was ₪10.12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ₪14.39 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Elspec Engineering's annualized ROC % for the quarter that ended in Jun. 2024 was 22.50%. Elspec Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 37.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Elspec Engineering's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 9.88%.

Elspec Engineering EBIT Historical Data

The historical data trend for Elspec Engineering'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.

Elspec Engineering EBIT Chart

Elspec Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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10.01

4.99

4.87

4.74

11.71

Elspec Engineering Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial														5.40	-0.66	7.44	4.27	10.12

Competitive Comparison of Elspec Engineering's EBIT

For the Electrical Equipment & Parts subindustry, Elspec Engineering'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.

Elspec Engineering's EV-to-EBIT Distribution in the Industrial Products Industry

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

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

Elspec Engineering 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₪14.39 Mil.

Elspec Engineering (XTAE:ELSPC) EBIT Explanation

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

Elspec Engineering's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	17.858 * ( 1 - 5.78% )	/	( (73.885	+	75.67)	/ 2 )
=	16.8258076	/	74.7775
=	22.50 %

where

	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	))
=	100.7	-	8.711	-	( 18.104	-	max(0, 20.226	-	73.947	+	18.104	))
=	73.885

	Invested Capital		(Q: Jun. 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	))
=	113.053	-	18.151	-	( 19.232	-	max(0, 20.696	-	82.449	+	19.232	))
=	75.67

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Elspec Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	20.234	/	( ( (12.413 + max(37.039, 0))	+	(16.139 + max(42.019, 0)) )	/	2 )
=	20.234	/	( ( 49.452	+	58.158 )	/	2 )
=	20.234	/	53.805
=	37.61 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(16.709	+	36.112	+	2.279)	-	(8.711	+	0	+	9.35)
=	37.039

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(20.635	+	39.491	+	0.307)	-	(18.151	+	0	+	0.263)
=	42.019

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	14.389	/	145.600
	=	9.88 %

Elspec Engineering EBIT Related Terms

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Elspec Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Elspec Engineering Ltd (XTAE:ELSPC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 HaShoham Street, Zone 23, Caesarea Industrial Park, P.O. Box 3019, Caesarea, ISR, 38900

Website

http://www.elspec-ltd.com

Elspec Engineering Ltd is a provider of power quality solutions & services. It provides electrical power quality analyzers, real-time power factor correction systems, and energy saving solutions to the industrial, commercial, and utility industries. It has three research and development departments such as software and signal processing engineers, hardware analog, digital and power electricians.

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