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Crane NXT Co (Crane NXT Co) EBIT : $280 Mil (TTM As of Mar. 2024)


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What is Crane NXT Co EBIT?

Crane NXT Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $57 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $280 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Crane NXT Co's annualized ROC % for the quarter that ended in Mar. 2024 was 10.86%. Crane NXT Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 59.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Crane NXT Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.03%.


Crane NXT Co EBIT Historical Data

The historical data trend for Crane NXT Co'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.

Crane NXT Co EBIT Chart

Crane NXT Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
217.50 279.80 284.00 304.60 290.40

Crane NXT Co Quarterly Data
Dec19 Dec20 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 67.50 70.00 80.70 72.20 56.60

Competitive Comparison of Crane NXT Co's EBIT

For the Specialty Industrial Machinery subindustry, Crane NXT Co'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.


Crane NXT Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Crane NXT Co's EV-to-EBIT distribution charts can be found below:

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



Crane NXT Co 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 $280 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.


Crane NXT Co  (NYSE:CXT) EBIT Explanation

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

Crane NXT Co'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 )
=232.4 * ( 1 - 19.06% )/( (1734.4 + 1730.7)/ 2 )
=188.10456/1732.55
=10.86 %

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:

Crane NXT Co'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 )
=226.4/( ( (261.2 + max(94.6, 0)) + (254.7 + max(149.7, 0)) )/ 2 )
=226.4/( ( 355.8 + 404.4 )/ 2 )
=226.4/380.1
=59.56 %

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)
=(214.9 + 157.1 + 45.2) - (167.8 + 92.5 + 62.3)
=94.6

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(182.8 + 166.1 + 59.6) - (147.4 + 82.2 + 29.2)
=149.7

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:

Crane NXT Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=279.5/3974.977
=7.03 %

* 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.


Crane NXT Co EBIT Related Terms

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Crane NXT Co (Crane NXT Co) Business Description

Traded in Other Exchanges
N/A
Address
100 First Stamford Place, Stamford, CT, USA, 06902
Crane NXT Co is a premier industrial technology company that provides proprietary and trusted technology solutions to secure, detect, and authenticate what matters most to its customers. It is a pioneer in advanced, proprietary micro-optics technology for securing physical products, and its sophisticated electronic equipment and associated software leverages proprietary core capabilities with detection and sensing technologies.
Executives
Kurt F. Gallo officer: Sr. VP, Payment & Merch. Tech. 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Max H Mitchell officer: VICE PRESIDENT - OP EX CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Cristen L Kogl director 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
David D Petratis director 1415 ROSELLE ROAD, PALATINE IL 60067
Marijane V. Papanikolaou officer: V.P, Controller & CAO 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Jennifer Kartono officer: SVP, CHRO 950 WINTER STREET 4TH FLOOR, WALTHAM MA 02451
Bianca B. Shardelow officer: VP, Controller & CAO 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
William K Grogan director 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Sanjay Kapoor director C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210
Paul Gerard Igoe officer: SVP, General Counsel & Sec. LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
Crane Holdings, Co. 10 percent owner CRANE NXT, CO., 950 WINTER STREET, 4TH FLOOR, WALTHAM MA 02451
Aaron W Saak officer: CEO, Crane NXT C/O VONTIER CORPORATION, 5438 WADE PARK BLVD., SUITE 600, RALEIGH NC 27607
Scott A. Grisham officer: SVP Bus. Dev. & Strategy 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Tamara S. Polmanteer officer: Senior Vice President, CHRO 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
John S Stroup director 1 N. BRENTWOOD BLVD., SUITE 1500, ST. LOUIS MO 63105