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Crawford United's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $4.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $17.7 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Crawford United's annualized ROC % for the quarter that ended in Mar. 2024 was 16.51%. Crawford United's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 40.60%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Crawford United's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.08%.
The historical data trend for Crawford United'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.
Crawford United Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 10.48 | 8.43 | 8.25 | 8.87 | 18.42 |
Crawford United 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 | 5.06 | 5.68 | 4.16 | 3.52 | 4.38 |
For the Specialty Industrial Machinery subindustry, Crawford United'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 Industrial Products industry and Industrials sector, Crawford United's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Crawford United'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 $17.7 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.
Crawford United (OTCPK:CRAWA) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Crawford United'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 ) |
= | 18.296 * ( 1 - 27.71% ) | / | ( (76.327 | + | 83.884) | / 2 ) |
= | 13.2261784 | / | 80.1055 | |||
= | 16.51 % |
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 | )) |
= | 93.64 | - | 15.001 | - | ( 2.312 | - | max(0, 23.136 | - | 45.783 | + | 2.312 | )) |
= | 76.327 |
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 | )) |
= | 106.856 | - | 19.813 | - | ( 3.159 | - | max(0, 28.057 | - | 54.769 | + | 3.159 | )) |
= | 83.884 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Crawford United'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 ) |
= | 17.536 | / | ( ( (23.043 + max(18.051, 0)) | + | (24.204 + max(21.087, 0)) ) | / | 2 ) |
= | 17.536 | / | ( ( 41.094 | + | 45.291 ) | / | 2 ) |
= | 17.536 | / | 43.1925 | ||||
= | 40.60 % |
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) |
= | (19.672 | + | 17.673 | + | 1.304) | - | (15.001 | + | 5.597 | + | 0) |
= | 18.051 |
Working Capital | (Q: Mar. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (25.388 | + | 19.123 | + | 2.062) | - | (19.813 | + | 5.672 | + | 0.00099999999999767) |
= | 21.087 |
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:
Crawford United's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2024 ) |
= | 17.745 | / | 160.195 | |
= | 11.08 % |
* 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 Crawford United's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthew V Crawford | director | |
Edward F Crawford | director | |
James W Wert | director | |
Jay Daly | officer: Chief Financial Officer | 10514 DUPONT AVENUE, CLEVELAND OH 44108 |
Luis Enrique Jimenez | director | 10514 DUPONT AVENUE, CLEVELAND OH 44108 |
George Richard Hart | officer: Vice President of Engineering | C/O HICKOK INCORPORATED, 10514 DUPONT AVENUE, CLEVELAND OH 44108 |
Kelly Kuna | officer: Chief Financial Officer | 6050 OAK TREE BLVD., SUITE #500, CLEVELAND OH 44131 |
Steven Rosen | director, 10 percent owner | 25101 CHAGRIN BOULEVARD SUITE 350, BEACHWOOD OH 44122 |
Brian E Powers | director | 25101 CHAGRIN BLVD., SUITE 210, CLEVELAND OH 44122 |
Three Bears Trust | 10 percent owner | 1660 WEST 2ND STREET, SUITE 1100, CLEVELAND OH 44122 |
Jennifer Aplin Elliot | director, 10 percent owner | 1178 BELLINGHAM DR., OCEANSIDE CA 92057 |
Roundball Llc | 10 percent owner | 1660 WEST 2ND STREET SUITE 1100, CLEVELAND OH 44113 |
Kirin Smith | director | C/O HICKOK INCORPORATED, 10514 DUPONT AVENUE, CLEVELAND OH 44108 |
Patrick R Bauman | officer: Vice President Sales/Marketing | 851 STUART AVENUE, SOUTH EUCLID OH 44121 |
James F Allen | officer: Vice President Manufacturing | 1307 JANE LANE, GREENWOOD MS 38930 |
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