Johnson Matthey (Johnson Matthey) EBIT : $430 Mil (TTM As of Sep. 2023)

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What is Johnson Matthey EBIT?

Johnson Matthey's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $189 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $430 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Johnson Matthey's annualized ROC % for the quarter that ended in Sep. 2023 was 7.00%. Johnson Matthey's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 14.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Johnson Matthey's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 7.90%.

Johnson Matthey EBIT Historical Data

The historical data trend for Johnson Matthey'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.

Johnson Matthey EBIT Chart

Johnson Matthey Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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782.61

612.62

518.72

364.95

526.70

Johnson Matthey Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															45.33	321.48	267.27	240.29	189.36

Competitive Comparison of Johnson Matthey's EBIT

For the Specialty Chemicals subindustry, Johnson Matthey'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.

Johnson Matthey's EV-to-EBIT Distribution in the Chemicals Industry

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

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

Johnson Matthey 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 $430 Mil.

Johnson Matthey (OTCPK:JMPLY) EBIT Explanation

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

Johnson Matthey'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 )
=	440.594 * ( 1 - 23.17% )	/	( (5213.592	+	4461.633)	/ 2 )
=	338.5083702	/	4837.6125
=	7.00 %

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	))
=	8530.34	-	2527.913	-	( 788.835	-	max(0, 3512.136	-	5300.971	+	788.835	))
=	5213.592

	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	))
=	8055.693	-	2912.129	-	( 681.931	-	max(0, 3163.366	-	4768.564	+	681.931	))
=	4461.633

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:

Johnson Matthey'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 )
=	378.712	/	( ( (1675.971 + max(798.544, 0))	+	(1766.089 + max(1060.643, 0)) )	/	2 )
=	378.712	/	( ( 2474.515	+	2826.732 )	/	2 )
=	378.712	/	2650.6235
=	14.29 %

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)
=	(1582.524	+	2065.534	+	447.816)	-	(2527.913	+	0	+	769.417)
=	798.544

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2176.98	+	1877.475	+	32.178)	-	(2912.129	+	0	+	113.861)
=	1060.643

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:

Johnson Matthey's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	429.647	/	5435.280
	=	7.90 %

Johnson Matthey EBIT Related Terms

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Johnson Matthey (Johnson Matthey) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Johnson Matthey PLC (OTCPK:JMPLY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

JMPLF:USA JMATl:UK JMAT:UK JMT2:Germany

Address

25 Farringdon Street, 5th Floor, London, GBR, EC4A 4AB

Website

https://www.matthey.com

Based in the U.K., Johnson Matthey is a global leader in production of emissions catalysts for automobiles and trucks. The company also manufactures industrial catalysts for the chemicals and oil and gas sectors, and a variety of other industrial products derived from platinum-group metals. The company is seeking to be a leader in hydrogen technologies.