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SkyWater Technology (SkyWater Technology) EBIT : $-15.9 Mil (TTM As of Mar. 2024)


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What is SkyWater Technology EBIT?

SkyWater Technology's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-2.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-15.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SkyWater Technology's annualized ROC % for the quarter that ended in Mar. 2024 was -3.37%. SkyWater Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -5.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SkyWater Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -3.37%.


SkyWater Technology EBIT Historical Data

The historical data trend for SkyWater Technology'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.

SkyWater Technology EBIT Chart

SkyWater Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-13.43 -9.30 -50.65 -30.87 -14.79

SkyWater Technology Quarterly Data
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 -1.10 -3.55 -4.19 -5.95 -2.20

Competitive Comparison of SkyWater Technology's EBIT

For the Semiconductors subindustry, SkyWater Technology'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.


SkyWater Technology's EV-to-EBIT Distribution in the Semiconductors Industry

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

* The bar in red indicates where SkyWater Technology's EV-to-EBIT falls into.



SkyWater Technology 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 $-15.9 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.


SkyWater Technology  (NAS:SKYT) EBIT Explanation

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

SkyWater Technology'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 )
=-8.804 * ( 1 - -0.89% )/( (258.313 + 269.546)/ 2 )
=-8.8823556/263.9295
=-3.37 %

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))
=316.756 - 56.265 - ( 18.382 - max(0, 144.197 - 146.375+18.382))
=258.313

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))
=312.281 - 48.531 - ( 20.002 - max(0, 148.783 - 142.987+20.002))
=269.546

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

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

SkyWater Technology'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 )
=-8.804/( ( (159.463 + max(-18.608, 0)) + (157.366 + max(-13.873, 0)) )/ 2 )
=-8.804/( ( 159.463 + 157.366 )/ 2 )
=-8.804/158.4145
=-5.56 %

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)
=(65.961 + 15.341 + 16.853) - (56.265 + 49.551 + 10.947)
=-18.608

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(57.895 + 15.558 + 24.528) - (48.531 + 56.109 + 7.214)
=-13.873

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:

SkyWater Technology's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-15.894/472.320
=-3.37 %

* 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.


SkyWater Technology EBIT Related Terms

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SkyWater Technology (SkyWater Technology) Business Description

Traded in Other Exchanges
N/A
Address
2401 East 86th Street, Bloomington, MN, USA, 55425
SkyWater Technology Inc is a U.S.-based, independent, pure-play technology foundry that offers semiconductor development and manufacturing services from its fabrication facilities. In its technology as a service model, it leverages a foundation of proprietary technology to co-develop process technology intellectual property (IP) with its customers that enable disruptive concepts through its Technology Services for diverse microelectronics (integrated circuits) and related micro- and nanotechnology applications. It focuses on serving diversified, high-growth, end users in numerous vertical markets, including computation, aerospace, defense, or A&D, automotive and transportation, bio-health, consumer, and industrial/internet of things.
Executives
Thomas Sonderman director, officer: President & CEO 16 JONSPIN ROAD, WILMINGTON MA 01887
Christopher Hilberg officer: Chief Legal Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Loren A Unterseher director, 10 percent owner 8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445
Edward Daly director 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
John Sakamoto officer: President and COO 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Steve Manko officer: CFO 2401 EAST 86TH ST, BLOOMINGTON MN 55425
Bradley Ferguson officer: Chief Govt Affairs Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Steve Kosier officer: Chief Technology Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Amanda Daniel officer: Chief Human Resources Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Mark Litecky officer: Chief Revenue Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Ddk Developments, L.l.c. 10 percent owner C/O BART L. ZIBROWSKI, 740 SADDLE WOOD DRIVE, EAGAN MN 55123
Bart L Zibrowski 10 percent owner 740 SADDLE WOOD DRIVE, EAGAN MN 55123
Gregory B Graves director 129 CONCORD ROAD, BILLERICA MA 01821
John T Kurtzweil director C/O CIRRUS LOGIC, INC., 2901 VIA FORTUNA, AUSTIN TX 78746
Cmi Oxbow Partners, Llc director, 10 percent owner C/O OXBOW INDUSTRIES, LLC, 4450 EXCELSIOR BOULEVARD, SUITE 440, MINNEAPOLIS MN 55416