Micron Solutions (Micron Solutions) EBIT : $-1.21 Mil (TTM As of Mar. 2023)

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What is Micron Solutions EBIT?

Micron Solutions's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-0.74 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-1.21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Micron Solutions's annualized ROC % for the quarter that ended in Mar. 2023 was -29.90%. Micron Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -30.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Micron Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -17.21%.

Micron Solutions EBIT Historical Data

The historical data trend for Micron Solutions'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.

Micron Solutions EBIT Chart

Micron Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

Get a 7-Day Free Trial

-0.71

-1.71

1.47

1.86

-1.16

Micron Solutions Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT	Get a 7-Day Free Trial															-0.69	-0.18	-0.11	-0.19	-0.74

Competitive Comparison of Micron Solutions's EBIT

For the Medical Devices subindustry, Micron Solutions'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.

Micron Solutions's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Micron Solutions's EV-to-EBIT distribution charts can be found below:

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

Micron Solutions 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.21 Mil.

Micron Solutions (OTCPK:MICRD) EBIT Explanation

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

Micron Solutions's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	-2.964 * ( 1 - 0% )	/	( (10.261	+	9.562)	/ 2 )
=	-2.964	/	9.9115
=	-29.90 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	11.946	-	1.679	-	( 0.006	-	max(0, 4.222	-	7.154	+	0.006	))
=	10.261

	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	))
=	11.504	-	1.935	-	( 0.007	-	max(0, 4.629	-	6.973	+	0.007	))
=	9.562

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

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

Micron Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.964	/	( ( (4.757 + max(5.398, 0))	+	(4.497 + max(4.84, 0)) )	/	2 )
=	-2.964	/	( ( 10.155	+	9.337 )	/	2 )
=	-2.964	/	9.746
=	-30.41 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.438	+	3.2	+	0.51)	-	(1.679	+	0.072	+	-0.00099999999999945)
=	5.398

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.176	+	3.385	+	0.405)	-	(1.935	+	0.191	+	-8.8817841970013E-16)
=	4.84

When net working capital is negative, 0 is used.

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

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

Micron Solutions's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-1.211	/	7.035
	=	-17.21 %

Micron Solutions EBIT Related Terms

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Micron Solutions (Micron Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Micron Solutions Inc (OTCPK:MICRD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Sawyer Passway, Fitchburg, MA, USA, 01420

Website

https://www.micronsolutionsinc.com

Micron Solutions Inc is a diversified contract manufacturing organization that produces engineered medical device components requiring precision machining and injection molding. It provides design, engineering, quality, and regulatory expertise across the three product lines, machining, thermoplastic injection molding, and sensors. It's engaged in the production and sale of silver chloride-coated and conductive resin sensors used as consumable component parts in the manufacture of integrated disposable electrophysiological sensors. It also provides other value-added services, including the design, manufacture, and rehabilitation of injection molding tools, pad printing, ultrasonic welding, stamping, laser marking, clean room molding, and others.

Executives

Steven D. Heinemann	10 percent owner	C/O GOOSE HILL CAPITAL, 546 FIFTH AVENUE, 14TH FLOOR, NEW YORK NY 10036
Wayne M Coll	officer: CFO
Rodd Friedman	director, 10 percent owner	12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854
Jason Russell Chambers	director	4355 COBB PKWY, SUITE J BOX 269, ATLANTA 2Q 30339
Robert A Mello	director	C/O IRIS INTERNATIONAL, INC., 9158 ETON AVENUE, CHATSWORTH CA 91311
William J. Laursen	director, officer: Chief Executive Officer	13 PENINSULA ROAD, HARVARD MA 01451
Andrei Soran	director	28 LOTHROP STREET, NEWTON MA 02460
Bryan Ganz	director	C/O ARRHYTHMIA RESEARCH TECHNOLOGY, INC., 25 SAWYER PASSWAY, FITCHBURG MA 01420
Ref Securities & Co.	10 percent owner	12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854
Marco Benedetti	director	9645 WEHRLE DRIVE, CLARENCE NY 14031
Salvatore Jr Emma	director, officer: PRESIDENT and CEO	20 LONGLEY ROAD, SHIRLEY MA 01464
Derek Thomas Welch	officer: Prin.Financial & Accounting	405 NEW WEST TOWNSEND ROAD, LUNENBURG MA 01462
Patrick L Muldoon	director	215 HUBBARDSTON ROAD, PRINCETON MA 01541
Michael S Gunter	director	104 CAMBRIDGE PLAZA DRIVE, WINSTON-SALEM NC 27104
Michael Francis Nolan	officer: Chief Operating Officer	25 SAWYER PASSWAY, FITCHBURG MA 01420