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Dow (DOW) EBIT : $1,985 Mil (TTM As of Mar. 2024)


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What is Dow EBIT?

Dow's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $648 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1,985 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dow's annualized ROC % for the quarter that ended in Mar. 2024 was 5.80%. Dow's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dow's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.70%.


Dow EBIT Historical Data

The historical data trend for Dow'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.

Dow EBIT Chart

Dow Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -314.00 2,898.00 8,876.00 6,752.00 1,402.00

Dow 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 65.00 883.00 609.00 -155.00 648.00

Competitive Comparison of Dow's EBIT

For the Chemicals subindustry, Dow'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.


Dow's EV-to-EBIT Distribution in the Chemicals Industry

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

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



Dow 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 $1,985 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.


Dow  (NYSE:DOW) EBIT Explanation

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

Dow'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 )
=2200 * ( 1 - -19.82% )/( (45531 + 45342)/ 2 )
=2636.04/45436.5
=5.80 %

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:

Dow'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 )
=2592/( ( (22386 + max(3282, 0)) + (22625 + max(3116, 0)) )/ 2 )
=2592/( ( 25668 + 25741 )/ 2 )
=2592/25704.5
=10.08 %

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)
=(4718 + 6076 + 1937) - (9449 + 0 + 0)
=3282

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5212 + 6373 + 1283) - (9752 + 0 + 0)
=3116

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1985/53703.937
=3.70 %

* 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.


Dow EBIT Related Terms

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Dow (DOW) Business Description

Address
2211 H.H. Dow Way, Midland, MI, USA, 48674
Dow Chemical is a diversified global chemicals producer, formed in 2019 as a result of the DowDuPont merger and subsequent separations. The firm is a leading producer of several chemicals, including polyethylene, ethylene oxide, and silicone rubber. Its products have numerous applications in both consumer and industrial end markets.
Executives
Richard K Davis director 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Jeffrey L. Tate officer: Chief Financial Officer 2211 H.H. DOW WAY, MIDLAND MI 48674
Debra L. Dial director 208 S. AKARD, 29TH FLOOR, DALLAS TX 75202
Lisa Bryant officer: Chief Human Resources Officer 2211 H.H. DOW WAY, MIDLAND MI 48674
Howard I Ungerleider officer: President and CFO 2211 H.H. DOW WAY, MIDLAND MI 48674
Jerri Devard director 120 E 87TH STREET, #P6A, NEW YORK NY 10128
Jacqueline C. Hinman director 9191 SOUTH JAMAICA STREET, ENGLEWOOD CO 80112
James R Fitterling officer: Chief Executive Officer 2211 H.H. DOW WAY, MIDLAND MI 48674
Moreno Mejia Luis Alberto director C/O DOW INC., 2211 H.H. DOW WAY, MIDLAND MI 48674
John Maurice Sampson officer: Senior Vice President C/O DOW INC., 2211 H.H. DOW WAY, MIDLAND MI 48674
Peter Holicki officer: Senior Vice President 2211 H.H. DOW WAY, MIDLAND MI 48674
Banister Gaurdie E. Jr. director 2211 H.H. DOW WAY, MIDLAND MI 48674
Diego Donoso officer: President, Pkg & Spec Plastics 2211 H.H. DOW WAY, MIDLAND MI 48674
Jack Broodo officer: President, Feedstocks & Energy 2211 H.H. DOW WAY, MIDLAND MI 48640
Jane Palmieri officer: President, Ind Interm & Infras 2211 H.H. DOW WAY, MIDLAND MI 48674

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