GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Giga-Tronics Inc (OTCPK:GIGA) » Definitions » EBIT

Giga-Tronics (Giga-Tronics) EBIT : $-16.19 Mil (TTM As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Giga-Tronics EBIT?

Giga-Tronics's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-4.31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-16.19 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Giga-Tronics's annualized ROC % for the quarter that ended in Mar. 2024 was -44.46%. Giga-Tronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -342.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Giga-Tronics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -62.14%.


Giga-Tronics EBIT Historical Data

The historical data trend for Giga-Tronics'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.

Giga-Tronics EBIT Chart

Giga-Tronics Annual Data
Trend Dec21 Dec22 Dec23
EBIT
-2.02 -17.32 -14.16

Giga-Tronics Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -2.24 -2.22 -1.49 -8.17 -4.31

Competitive Comparison of Giga-Tronics's EBIT

For the Scientific & Technical Instruments subindustry, Giga-Tronics'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.


Giga-Tronics's EV-to-EBIT Distribution in the Hardware Industry

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

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



Giga-Tronics 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16.19 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.


Giga-Tronics  (OTCPK:GIGA) EBIT Explanation

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

Giga-Tronics's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-11.028 * ( 1 - 1.06% )/( (24.198 + 24.88)/ 2 )
=-10.9111032/24.539
=-44.46 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Giga-Tronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-17.236/( ( (4.731 + max(0.479, 0)) + (4.858 + max(-0.916, 0)) )/ 2 )
=-17.236/( ( 5.21 + 4.858 )/ 2 )
=-17.236/5.034
=-342.39 %

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)
=(4.294 + 6.379 + 2.138) - (8.671 + 1.609 + 2.052)
=0.479

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.309 + 6.24 + 3.071) - (10.55 + 1.778 + 2.208)
=-0.916

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-16.185/26.045
=-62.14 %

* 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.


Giga-Tronics EBIT Related Terms

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


Giga-Tronics (Giga-Tronics) Business Description

Traded in Other Exchanges
N/A
Address
7272 E. Indian School Road, Suite 540, Scottsdale, AZ, USA, 85251
Giga-tronics Inc design, manufacture, and distribute specialized precision electronic solutions, automated test solutions, power electronics, supply and distribution solutions, display solutions and radio, microwave and millimeter wave communication systems and components for a variety of applications with a focus on the global defense industry for military airborne, sea and ground applications. The company has three segments namely Precision Electronic Solutions; Power Electronics and Display and RF Solutions. It generates maximum revenue from the Precision Electronic Solutions segment.
Executives
William B. Horne director C/O AULT ALLIANCE, INC., 940 SOUTH COAST DRIVE, SUITE 200, COSTA MESA CA 92626
Timothy Long officer: Chief Operating Officer 7272 E. INDIAN SCHOOL ROAD, SUITE 540, SCOTTSDALE AZ 85251
Bitnile Holdings, Inc. 10 percent owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Jonathan R Read director, officer: Chief Executive Officer 6711 E. CAMELBACK RD, #32, SCOTTSDALE AZ 85251
Robert O Smith director DIGITAL POWER CORPORATION, 41920 CHRISTY STREET, FREMONT CA 94538
Jeffrey Allen Bentz director 107 E BONITA WAY, TEMPE AZ 85281
Thomas E Vickers director 2101 WEST COMMERCIAL BLVD, SUITE 3500, FORT LAUDERDALE FL 33309
Wit Cornelis F 10 percent owner 2101 WEST COMMERCIAL BLVD., SUITE 3500, FORT LAUDERDALE FL 33309
Smc Private Equity Holdings Gp, Llc 10 percent owner 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Smc Private Equity Holdings, Lp 10 percent owner 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Spring Mountain Capital G.p., Llc 10 percent owner C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Spring Mountain Capital, Llc 10 percent owner C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Smc Select Co-investment I Gp, Llc 10 percent owner C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Gregory P. Ho 10 percent owner C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
John Steffens 10 percent owner C/O DIGITALBRIDGE GROUP, INC., 750 PARK OF COMMERCE DRIVE SUITE 210, BOCCA RATON FL 33487

Giga-Tronics (Giga-Tronics) Headlines

From GuruFocus

Gresham Worldwide Fourth Quarter 2022 Bookings Exceed $8 Million

By sperokesalga sperokesalga 03-28-2023