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Monolithic Power Systems (Monolithic Power Systems) EBIT : $453 Mil (TTM As of Mar. 2024)


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What is Monolithic Power Systems EBIT?

Monolithic Power Systems's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $95 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $453 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Monolithic Power Systems's annualized ROC % for the quarter that ended in Mar. 2024 was 30.21%. Monolithic Power Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 49.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Monolithic Power Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.32%.


Monolithic Power Systems EBIT Historical Data

The historical data trend for Monolithic Power Systems'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.

Monolithic Power Systems EBIT Chart

Monolithic Power Systems 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 105.03 166.69 262.42 526.79 481.74

Monolithic Power Systems 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 124.28 112.33 135.57 109.57 95.49

Competitive Comparison of Monolithic Power Systems's EBIT

For the Semiconductors subindustry, Monolithic Power Systems'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.


Monolithic Power Systems's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Monolithic Power Systems's EV-to-EBIT distribution charts can be found below:

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



Monolithic Power Systems 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 $453 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.


Monolithic Power Systems  (NAS:MPWR) EBIT Explanation

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

Monolithic Power Systems'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 )
=381.948 * ( 1 - 11.89% )/( (1147.128 + 1081.181)/ 2 )
=336.5343828/1114.1545
=30.21 %

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))
=2434.353 - 178.749 - ( 1108.476 - max(0, 235.035 - 1819.499+1108.476))
=1147.128

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))
=2578.701 - 211.131 - ( 1286.389 - max(0, 311.88 - 1976.492+1286.389))
=1081.181

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Monolithic Power Systems'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 )
=381.948/( ( (368.952 + max(405.847, 0)) + (375.573 + max(378.208, 0)) )/ 2 )
=381.948/( ( 774.799 + 753.781 )/ 2 )
=381.948/764.29
=49.97 %

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)
=(179.858 + 383.702 + 77.322) - (178.749 + 0 + 56.286)
=405.847

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(194.428 + 395.99 + 99.67) - (211.131 + 0 + 100.749)
=378.208

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:

Monolithic Power Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=452.947/34252.525
=1.32 %

* 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.


Monolithic Power Systems EBIT Related Terms

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Monolithic Power Systems (Monolithic Power Systems) Business Description

Traded in Other Exchanges
Address
5808 Lake Washington Boulevard NE, Kirkland, WA, USA, 98033
Monolithic Power Systems is an analog and mixed-signal chipmaker, specializing in power management solutions. The firm's mission is to reduce total energy consumption in end systems, and it serves the computing, automotive, industrial, communications, and consumer end markets. MPS uses a fabless manufacturing model, partnering with third-party chip foundries to host its proprietary BCD process technology.
Executives
Maurice Sciammas officer: Sr. V.P.of Sales and Marketing 79 GREAT OAKS BLVD, SAN JOSE CA 95119
Deming Xiao officer: Vice President of Operations 79 GREAT OAKS BLVD, SAN JOSE CA 95119
Saria Tseng officer: VP and General Counsel 79 GREAT OAKS BLVD, SAN JOSE CA 95119
Michael Hsing director, 10 percent owner, officer: President and CEO 79 GREAT OAKS BLVD, SAN JOSE CA 95119
Theodore Blegen officer: CFO 5808 LAKE WASHINGTON BLVD NE, KIRKLAND WA 98033
James C Moyer director, 10 percent owner, officer: Chief Design Engineer 79 GREAT OAKS BLVD, SAN JOSE CA 95119
Chang Kuo Wei Herbert director, 10 percent owner C/O MARVELL SEMICONDUCTOR, INC., 5488 MARVELL LANE, SANTA CLARA CA 95054
Eileen Wynne director MONOLITHIC POWER SYSTEMS, 79 GREAT OAKS BLVD, SAN JOSE CA 95117
Jeff Zhou director 6409 GUADALUPE MINES ROAD, SAN JOSE CA 95120
Eugen J Elmiger director BUEELHADE 3A, SEMPACH STADT V8 6204
Victor K Lee director C/O LEADIS TECHNOLOGY, 800 W. CALIFORNIA AVENUE, SUITE 200, SUNNYVALE CA 94086
Carintia Martinez director 5808 LAKE WASHINGTON BLVD NE, KIRKLAND WA 98033
Meera Rao officer: VP of Finance, Corp Controller 1050 ENTERPRISE WAY, SUITE 700, SUNNYVALE CA 94089
Douglas M Mcburnie director 233 S. HILLVIEW DRIVE, MILPITAS CA 95035
Smith- Pilkington Karen A director 343 STATE STREET, ROCHESTER NY 146500211