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Itron (ITRI) EBIT : $136 Mil (TTM As of Dec. 2023)


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What is Itron EBIT?

Itron's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $51 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $136 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Itron's annualized ROC % for the quarter that ended in Dec. 2023 was 10.68%. Itron's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 59.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Itron's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.97%.


Itron EBIT Historical Data

The historical data trend for Itron'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.

Itron EBIT Chart

Itron 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 125.49 -12.64 -95.17 -9.02 135.74

Itron Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 12.57 -10.05 36.28 58.18 51.33

Competitive Comparison of Itron's EBIT

For the Scientific & Technical Instruments subindustry, Itron'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.


Itron's EV-to-EBIT Distribution in the Hardware Industry

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

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



Itron 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $136 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.


Itron  (NAS:ITRI) EBIT Explanation

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

Itron's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=225.532 * ( 1 - 9.21% )/( (1891.763 + 1943.592)/ 2 )
=204.7605028/1917.6775
=10.68 %

where

Invested Capital(Q: Sep. 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))
=2511.411 - 364.877 - ( 254.771 - max(0, 555.924 - 1009.742+254.771))
=1891.763

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))
=2604.263 - 358.622 - ( 302.049 - max(0, 537.236 - 1049.438+302.049))
=1943.592

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

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

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

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=205.328/( ( (170.999 + max(170.58, 0)) + (169.992 + max(179.222, 0)) )/ 2 )
=205.328/( ( 341.579 + 349.214 )/ 2 )
=205.328/345.3965
=59.45 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(289.637 + 276.099 + 160.768) - (364.877 + 136.539 + 54.508)
=170.58

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(272.89 + 283.686 + 159.882) - (358.622 + 124.207 + 54.407)
=179.222

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=135.735/4574.790
=2.97 %

* 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.


Itron EBIT Related Terms

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Itron (ITRI) Business Description

Traded in Other Exchanges
Address
2111 North Molter Road, Liberty Lake, WA, USA, 99019
Itron Inc provides solutions that measure, manage and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems.The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision making, maximize operational profitability.
Executives
John F. Marcolini officer: SVP, Networked Solutions C/O ITRON, INC., 2111 N MOLTER ROAD, LIBERTY LAKE WA 99019
Reeves Donald L. Iii officer: SVP Outcomes 555 BROADWAY STREET, REDWOOD CITY CA 94063
Sanjay Mirchandani director 188 MINNA STREET, #29C, SAN FRANCISCO CA 94105
Christopher E. Ware officer: VP, General Counsel & Corp Sec 2111 N MOLTER ROAD, LIBERTY LAKE WA 99019
Laurie Ann Pulatie-hahn officer: SVP, HR 2111 N MOLTER ROAD, LIBERTY LAKE WA 99019
Michel Cadieux officer: SVP, HR 2111 NORTH MOLTER ROAD, LIBERTY LAKE WA 99019
Thomas Deitrich officer: EVP, COO C/O FREESCALE SEMICONDUCTOR, INC., 6501 WILLIAM CANNON DR WEST, TX30/OE19, AUSTIN TX 78735
Joan S Hooper officer: SVP & CFO ONE DELL WAY, ROUND ROCK TX 78682
Justin K Patrick officer: SVP, Device Solutions 1157 CANARY LANE, GRAFTON WI 53024
Mary C. Hemmingsen director 2111 N MOLTER ROAD, LIBERTY LAKE WA 99019
Sarah E. Hlavinka officer: SVP. Gen. Counsel & Corp. Sec 2111 N MOLTER RD, LIBERTY LAKE WA 99019
Lynda L. Ziegler director, officer: Chair of the Board C/O ITRON, INC., 2111 NORTH MOLTER ROAD, LIBERTY LAKE WA 99019
Thomas S Glanville director 2818 N SULLIVAN ROAD, SPOLANE WA 99216
Santiago Perez director 2111 N MOLTER ROAD, LIBERTY LAKE WA 99019
Sharelynn Faye Moore officer: SVP, Networks 424 W. HIGH DRIVE, SPOKANE WA 99203