GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Arcadium Lithium PLC (NYSE:ALTM) » Definitions » EBIT

Arcadium Lithium (Arcadium Lithium) EBIT : $472.3 Mil (TTM As of Sep. 2023)


View and export this data going back to 2018. Start your Free Trial

What is Arcadium Lithium EBIT?

Arcadium Lithium's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $102.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $472.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Arcadium Lithium's annualized ROC % for the quarter that ended in Sep. 2023 was 17.97%. Arcadium Lithium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 29.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Arcadium Lithium's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 9.11%.


Arcadium Lithium EBIT Historical Data

The historical data trend for Arcadium Lithium'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.

Arcadium Lithium EBIT Chart

Arcadium Lithium Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial 154.00 57.80 -21.70 24.20 335.40

Arcadium Lithium Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 103.50 96.80 148.70 124.80 102.00

Competitive Comparison of Arcadium Lithium's EBIT

For the Specialty Chemicals subindustry, Arcadium Lithium'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.


Arcadium Lithium's EV-to-EBIT Distribution in the Chemicals Industry

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

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



Arcadium Lithium 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 quarterly data reported by the company within the most recent 12 months, which was $472.3 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.


Arcadium Lithium  (NYSE:ALTM) EBIT Explanation

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

Arcadium Lithium'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: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=408 * ( 1 - 9.62% )/( (1979.8 + 2123.7)/ 2 )
=368.7504/2051.75
=17.97 %

where

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

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

Arcadium Lithium'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: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=408/( ( (1144.2 + max(191, 0)) + (1221.8 + max(187.8, 0)) )/ 2 )
=408/( ( 1335.2 + 1409.6 )/ 2 )
=408/1372.4
=29.73 %

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)
=(122.3 + 197.8 + 11.4) - (136.2 + 2.3 + 2)
=191

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(110.1 + 202.7 + 12.2) - (124.8 + 9.7 + 2.7)
=187.8

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=472.3/5187.225
=9.11 %

* 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.


Arcadium Lithium EBIT Related Terms

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


Arcadium Lithium (Arcadium Lithium) Business Description

Address
1818 Market Street, Philadelphia, PA, USA, 19103
Arcadium Lithium is a pure-play lithium producer that was formed in the Allkem-Livent merger in January 2024. Arcadium should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. The company's low-cost lithium carbonate production comes from two brine resources in Argentina. Arcadium also produces spodumene, a hard rock lithium upstream concentrate, from a mine in Australia and operates downstream lithium hydroxide conversion plants in the United States and China.
Executives
Gilberto Antoniazzi officer: Vice President and CFO LIVENT CORPORATION, C/O FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Paul W Graves director, officer: President and CEO 1735 MARKET STREET, PHILADELPHIA PA 19103
Christina Lampe-onnerud director C/O FUELCELL ENERGY, INC., 3 GREAT PASTURE ROAD, DANBURY CT 06810
Pablo Marcet director C/O GEO LOGIC SA, PASCUAL, FICHERA Y, ASOC., CERRITO 1070, PISO 8, BUENOS AIRES C1 1010
Ronald B Stark officer: Chief Accounting Officer C/O NRG ENERGY, INC., 211 CARNEGIE CENTER, PRINCETON NJ 08540
Nicholas Pfeiffer officer: Chief Accounting Officer 1735 MARKET STREET, PHILADELPHIA PA 19103
G Peter Daloia director
Steven T Merkt director 1050 WESTLAKES DRIVE, BERWYN PA 19312
Michael F Barry director ONE QUAKER PARK, 901 HECTOR ST, CONSHOHOCHEN PA 19428
Pierre R Brondeau director ROHAM AND HAAS CO, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Robert C Pallash director 17000 ROTUNDA DRIVE, DEARBORN MI 48120
Andrea E Utecht director 1735 MARKET ST, 15TH FL, PHILADELPHIA PA 19103
Fmc Corp 10 percent owner 2929 WALNUT STREET, PHILADELPHIA PA 19104
Sara Ponessa officer: VP, Gen. Counsel & Secretary C/O LIVENT CORP., 1818 MARKET STREET, PHILADELPHIA PA 19103
Thomas Schneberger officer: Vice President and COO C/O FMC CORP, 2929 WALNUT STREET, PHILADELPHIA PA 19104