Mycronic AB (Mycronic AB) EBIT : $161.7 Mil (TTM As of Mar. 2024)

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What is Mycronic AB EBIT?

Mycronic AB's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $56.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $161.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mycronic AB's annualized ROC % for the quarter that ended in Mar. 2024 was 32.03%. Mycronic AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 279.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mycronic AB's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.55%.

Mycronic AB EBIT Historical Data

The historical data trend for Mycronic AB'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.

Mycronic AB EBIT Chart

Mycronic AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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120.12

108.09

116.62

87.01

124.30

Mycronic AB 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															15.75	14.49	23.73	67.37	56.09

Competitive Comparison of Mycronic AB's EBIT

For the Specialty Industrial Machinery subindustry, Mycronic AB'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.

Mycronic AB's EV-to-EBIT Distribution in the Industrial Products Industry

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

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

Mycronic AB 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 $161.7 Mil.

Mycronic AB (OTCPK:MICLF) EBIT Explanation

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

Mycronic AB'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 )
=	224.372 * ( 1 - 20.78% )	/	( (558.025	+	551.804)	/ 2 )
=	177.7474984	/	554.9145
=	32.03 %

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	))
=	813.056	-	46.405	-	( 208.626	-	max(0, 244.404	-	518.737	+	208.626	))
=	558.025

	Invested Capital		(Q: Mar. 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	))
=	867.711	-	43.03	-	( 272.877	-	max(0, 257.221	-	567.364	+	272.877	))
=	551.804

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

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

Mycronic AB'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 )
=	224.372	/	( ( (48.257 + max(52.449, 0))	+	(49.465 + max(10.565, 0)) )	/	2 )
=	224.372	/	( ( 100.706	+	60.03 )	/	2 )
=	224.372	/	80.368
=	279.18 %

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)
=	(123.811	+	156.177	+	9.261)	-	(46.405	+	0	+	190.395)
=	52.449

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(90.863	+	169.527	+	0)	-	(43.03	+	0	+	206.795)
=	10.565

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:

Mycronic AB's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	161.67	/	3552.840
	=	4.55 %

Mycronic AB EBIT Related Terms

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Mycronic AB (Mycronic AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mycronic AB (OTCPK:MICLF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

MYCR:Sweden 0MQG:UK MLT:Germany

Address

Nytorpsvagen 9, P.O. Box 3141, Taby, Stockholm, SWE, 183 03

Website

https://www.mycronic.com

Mycronic AB develops solutions for advanced electronics production. It operates in four segments: Pattern Generators, which develops, manufactures, and markets mask writers and measuring machines for the production of advanced photomasks for displays; The High Flex division develops, manufactures, and markets surface mount technology (SMT) and inspection equipment, focusing on markets for flexible manufacture, primarily in Europe and the USA; The High Volume division develops, manufactures and markets equipment for dispensing and conformal coating of circuit boards, with a focus on high-volume markets in Asia. The Global Technologies division's offering includes advanced production solutions with high levels of differentiation.