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Synaptics's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-30 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Synaptics's annualized ROC % for the quarter that ended in Dec. 2023 was -1.58%. Synaptics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -41.33%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Synaptics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.82%.
The historical data trend for Synaptics'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.
Synaptics Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 0.40 | 181.90 | 149.60 | 350.70 | 181.50 |
Synaptics 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 | 46.10 | 34.20 | -10.80 | -35.20 | -17.90 |
For the Semiconductors subindustry, Synaptics'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 Semiconductors industry and Technology sector, Synaptics's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Synaptics'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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-30 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.
Synaptics (NAS:SYNA) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Synaptics'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 ) |
= | -66.4 * ( 1 - 62.5% ) | / | ( (1573.3 | + | 1569.7) | / 2 ) |
= | -24.9 | / | 1571.5 | |||
= | -1.58 % |
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 | )) |
= | 2548.7 | - | 151 | - | ( 824.4 | - | max(0, 245.5 | - | 1108.6 | + | 824.4 | )) |
= | 1573.3 |
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 | )) |
= | 2573.3 | - | 154.9 | - | ( 848.7 | - | max(0, 253.3 | - | 1147.4 | + | 848.7 | )) |
= | 1569.7 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
Synaptics'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 ) |
= | -71.6 | / | ( ( (115.2 + max(53.7, 0)) | + | (116.9 + max(60.7, 0)) ) | / | 2 ) |
= | -71.6 | / | ( ( 168.9 | + | 177.6 ) | / | 2 ) |
= | -71.6 | / | 173.25 | ||||
= | -41.33 % |
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) |
= | (111.2 | + | 131.7 | + | 41.3) | - | (151 | + | 56 | + | 23.5) |
= | 53.7 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (126.6 | + | 125.1 | + | 47) | - | (154.9 | + | 60.7 | + | 22.4) |
= | 60.7 |
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:
Synaptics's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2023 ) |
= | -29.7 | / | 3616.424 | |
= | -0.82 % |
* 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 Synaptics's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Vikram Gupta | officer: See Remarks | 1109 MCKAY DRIVE, SAN JOSE CA 95131 |
John Mcfarland | officer: SVP and General Counsel | 1251 MCKAY DR., SAN JOSE CA 95131 |
Dean Warren Butler | officer: See Remarks | C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Saleel Awsare | officer: See Remarks | C/O SIGMA DESIGN, INC., 47467 FREMONT BLVD., FREMONT CA 94538 |
Michael E. Hurlston | director, officer: See remarks below | 5300 CALIFORNIA AVENUE, IRVINE CA 92617 |
Kiva A. Allgood | director | C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Vivie Lee | director | 126 SIERRA POINT ROAD, BRISBANE CA 94005 |
James L Whims | director | C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Kermit Nolan | officer: See Remarks | 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Jeffrey D Buchanan | director | C/O SMITH & WESSON, 2100 ROOSEVELT AVENUE, SPRINGFIELD MA 01104 |
Patricia Lorraine Kummrow | director | C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Craig Browning Stein | officer: Please see remarks | C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Nelson C Chan | director | C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Susan J Hardman | director | 1001 MURPHY RANCH ROAD, MILPITAS CA 95035 |
Richard L Sanquini | director | 14087 LOMA RIO DR, SARATOGA CA 95070 |
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