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Nortech Systems (Nortech Systems) EBIT : $6.1 Mil (TTM As of Mar. 2024)


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What is Nortech Systems EBIT?

Nortech Systems's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $1.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $6.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nortech Systems's annualized ROC % for the quarter that ended in Mar. 2024 was 6.92%. Nortech Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nortech Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 13.44%.


Nortech Systems EBIT Historical Data

The historical data trend for Nortech Systems'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.

Nortech Systems EBIT Chart

Nortech Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 -0.62 8.44 3.89 5.95

Nortech Systems 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 1.05 1.10 1.12 2.68 1.16

Competitive Comparison of Nortech Systems's EBIT

For the Medical Devices subindustry, Nortech Systems'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.


Nortech Systems's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

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

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



Nortech Systems 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 $6.1 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.


Nortech Systems  (NAS:NSYS) EBIT Explanation

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

Nortech Systems'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 )
=4.62 * ( 1 - 22.57% )/( (53.042 + 50.373)/ 2 )
=3.577266/51.7075
=6.92 %

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:

Nortech Systems'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 )
=4.62/( ( (13.43 + max(18.159, 0)) + (13.473 + max(16.704, 0)) )/ 2 )
=4.62/( ( 31.589 + 30.177 )/ 2 )
=4.62/30.883
=14.96 %

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)
=(19.279 + 21.66 + 2.413) - (21.125 + 4.068 + 0)
=18.159

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.051 + 22.951 + 1.892) - (21.051 + 3.139 + 3.5527136788005E-15)
=16.704

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:

Nortech Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=6.055/45.058
=13.44 %

* 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.


Nortech Systems EBIT Related Terms

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Nortech Systems (Nortech Systems) Business Description

Traded in Other Exchanges
N/A
Address
7550 Meridian Circle N, Suite 150, Maple Grove, MN, USA, 55369
Nortech Systems Inc is a United States-based electronic manufacturing services company. It offers value-added engineering, technical and manufacturing services and support including project management, design, testing, prototyping, manufacturing, supply chain management, and post-market services. The company's manufacturing and engineering services include complete medical devices, printed circuit board assemblies, wire and cable assemblies, and complex higher-level electro-mechanical assemblies. It operates in the Medical, Aerospace, Defense and Industrial markets with key revenue coming from Medical device and product manufacturing and related engineering services.
Executives
Amy S. Fredregill director 7550 MERIDIAN CIRCLE N., SUITE # 150, MAPLE GROVE MN 55369
Jose Antonio Peris director 7550 MERIDIAN CIRCLE N., SUITE # 150, MAPLE GROVE MN 55369
David B Kunin director 7201 METRO BOULEVARD, MINNEAPOLIS MN 55439
David J. Graff director 7550 MERIDIAN CIRCLE N., SUITE 150, MAPLE GROVE MN 55369
Daniel Ramon Everingham 10 percent owner 617 COUNTRY VIEW LANE, GARLAND TX 75043
Jay D Miller director 7550 MERIDIAN CIR N, SUITE 150, MAPLE GROVE MN 55369
Christopher Dean Jones officer: CFO 7550 MERIDIAN CIRCLE N., SUITE 150, MAPLE GROVE MN 55369
Stacy A Kruse director 7401 BOONE AVENUE NORTH, BROOKLYN PARK MN 55428
Philip Irving Smith director 4503 BROWNDALE AVENUE, EDINA MN 55424
Dan Sachs director 7550 MERIDIAN CIRCLE N., MAPLE GROVE MN 55369
Steven J Rosenstone director 7550 MERIDIAN CIR N, SUITE 150, MAPLE GROVE MN 55369
Heidi B Grange officer: Senior Vice President of HR 7550 MERIDIAN CIRCLE N, MAPLE GROVE MN 55369
John Lindeen officer: Sr VP - Global Operations 7550 MERIDIAN CIRCLE N, SUITE 150, MAPLE GROVE MN 55369
Beck Constance officer: Chief Financial Officer NORTECH SYSTEMS INCORPORATED, 7550 MERDIAN CIRCLE N, MAPLE GROVE MN 55369
Matt Mahmood officer: Chief Operating Officer 7550 MERIDIAN CIRCLE N, SUITE 150, MAPLE GROVE MN 55369