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Belden's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $53 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $287 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Belden's annualized ROC % for the quarter that ended in Mar. 2024 was 8.33%. Belden's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 25.70%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Belden's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.20%.
The historical data trend for Belden'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.
Belden Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 208.22 | 149.72 | 289.47 | 360.95 | 319.38 |
Belden 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 | 86.03 | 93.24 | 95.76 | 44.36 | 53.25 |
For the Communication Equipment subindustry, Belden'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.
For the Hardware industry and Technology sector, Belden's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Belden's EV-to-EBIT falls into.
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 $287 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.
Belden (NYSE:BDC) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Belden'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 ) |
= | 213.004 * ( 1 - 18.31% ) | / | ( (2079.793 | + | 2097.953) | / 2 ) |
= | 174.0029676 | / | 2088.873 | |||
= | 8.33 % |
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 | )) |
= | 3240.191 | - | 563.354 | - | ( 597.044 | - | max(0, 633.504 | - | 1456.979 | + | 597.044 | )) |
= | 2079.793 |
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 | )) |
= | 3119.313 | - | 514.53 | - | ( 506.83 | - | max(0, 514.53 | - | 1314.389 | + | 506.83 | )) |
= | 2097.953 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Belden'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 ) |
= | 213.004 | / | ( ( (540.755 + max(245.376, 0)) | + | (578.678 + max(293.029, 0)) ) | / | 2 ) |
= | 213.004 | / | ( ( 786.131 | + | 871.707 ) | / | 2 ) |
= | 213.004 | / | 828.919 | ||||
= | 25.70 % |
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) |
= | (413.806 | + | 366.987 | + | 79.142) | - | (563.354 | + | 23.718 | + | 27.487) |
= | 245.376 |
Working Capital | (Q: Mar. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (356.401 | + | 374.419 | + | 76.739) | - | (514.53 | + | 0 | + | 0) |
= | 293.029 |
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:
Belden's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2024 ) |
= | 286.607 | / | 4622.715 | |
= | 6.20 % |
* 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.
Thank you for viewing the detailed overview of Belden's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Leah Tate | officer: SVP - HR | C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105 |
Ashish Chand | officer: EVP, Industrial Automation | C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105 |
Jay V Wirts | officer: EVP, Enterprise Solutions | C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105 |
Doug Zink | officer: VP and CAO | 739 TRAGO CREEK DRIVE, BALLWIN MO 63021 |
Vivie Lee | director | 126 SIERRA POINT ROAD, BRISBANE CA 94005 |
Jonathan C Klein | director | 2 CERF LANE, PO BOX 1032, MT. KISCO NY 10549 |
Nancy E. Calderon | director | 1285 WAKEFIELD TRAIL, RENO NV 89523 |
Brian Lieser | officer: EVP, Indust. Automation Solut. | C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105 |
Anshuman Mehrotra | officer: SVP, Sales | C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105 |
Roel Vestjens | officer: SVP, Broadcast Solutions | C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105 |
Gregory James Mccray | director | 422 HANDEL COURT, WHEATON IL 60187 |
Jeremy E Parks | officer: SVP - Finance and CFO | C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105 |
John S Stroup | director, officer: Chief Executive Officer | 1 N. BRENTWOOD BLVD., SUITE 1500, ST. LOUIS MO 63105 |
Judy L Brown | director | C/O PERRIGO COMPANY, 515 EASTERN AVENUE, ALLEGAN MI 49010 |
Leo Kulmaczewski | officer: SVP, Ops & Lean Enterprise | C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105 |
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