GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Key Tronic Corp (NAS:KTCC) » Definitions » EBIT

Key Tronic (Key Tronic) EBIT : $10.9 Mil (TTM As of Mar. 2024)


View and export this data going back to 1983. Start your Free Trial

What is Key Tronic EBIT?

Key Tronic's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $10.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Key Tronic's annualized ROC % for the quarter that ended in Mar. 2024 was -0.53%. Key Tronic's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Key Tronic's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.10%.


Key Tronic EBIT Historical Data

The historical data trend for Key Tronic'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.

Key Tronic EBIT Chart

Key Tronic Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.96 6.83 9.53 8.80 16.32

Key Tronic Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 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 5.13 4.22 3.27 3.95 -0.58

Competitive Comparison of Key Tronic's EBIT

For the Computer Hardware subindustry, Key Tronic'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.


Key Tronic's EV-to-EBIT Distribution in the Hardware Industry

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

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



Key Tronic 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 $10.9 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.


Key Tronic  (NAS:KTCC) EBIT Explanation

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

Key Tronic'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 )
=-2.3 * ( 1 - 34.19% )/( (284.413 + 285.924)/ 2 )
=-1.51363/285.1685
=-0.53 %

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:

Key Tronic'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 )
=-2.3/( ( (47.039 + max(168.802, 0)) + (45.836 + max(169.506, 0)) )/ 2 )
=-2.3/( ( 215.841 + 215.342 )/ 2 )
=-2.3/215.5915
=-1.07 %

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)
=(134.892 + 124.054 + 22.612) - (91.358 + 0 + 21.398)
=168.802

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(135.642 + 115.115 + 22.224) - (82.198 + 0 + 21.277)
=169.506

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:

Key Tronic's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=10.865/178.125
=6.10 %

* 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.


Key Tronic EBIT Related Terms

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


Key Tronic (Key Tronic) Business Description

Traded in Other Exchanges
N/A
Address
4424 North Sullivan Road, Spokane Valley, WA, USA, 99216
Key Tronic Corp is an electronic manufacturing service provider. The company provides electronic manufacturing services to original equipment manufacturers in the United States and globally. Its primary services include integrated electronic and mechanical engineering, precision plastic molding, sheet metal fabrication, printed circuit board (PCB) and complete product assembly, component selection, sourcing and procurement, logistics, and new product testing and production. The firm derives a majority of its revenue from the United States.
Executives
Mark R Courtney officer: Vice President of Supply Chain 4424 N. SULLIVAN ROAD, SPOKANE VALLEY WA 99216
Subodh K Kulkarni director 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Thomas E. Despres officer: VP of Southwest Operations 4424 N. SULLIVAN ROAD, SPOKANE VALLEY WA 99216
Chad Thomas Orebaugh officer: Vice President of Engineering 4424 N. SULLIVAN ROAD, SPOKANE VALLEY WA 99216
David H. Knaggs officer: Vice President of Quality 4424 N. SULLIVAN ROAD, SPOKANE VALLEY WA 99216
Frank Iii Crispigna officer: VP of Supply Chain P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687
Duane D Mackleit officer: VP of Program Management P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687
James R Bean director 2227 E. SKIPPERLING LN, BOISE ID 83706
Craig D Gates director, officer: President & CEO
Douglas G Burkhardt officer: EVP of Worldwide Operations P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687
Ronald F Klawitter director, officer: See Remarks
Kathleen L Nemeth officer: Secretary and General Counsel KEY TRONIC CORP, PO BOX 14687, SPOKANE WA 99214-0687
Lawrence J Bostwick officer: VP of Quality & Reg Affairs P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687
Brett R. Larsen officer: VP of Finance & Controller P.O. BOX 14687, SPOKANE VALLEY WA 99216
Philip Scott Hochberg officer: EVP of Business Development P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687