AXT (STU:AHV) EBIT : €-14.66 Mil (TTM As of Mar. 2024)

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What is AXT EBIT?

AXT's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €-1.31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €-14.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AXT's annualized ROC % for the quarter that ended in Mar. 2024 was -3.70%. AXT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -2.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AXT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -8.06%.

AXT EBIT Historical Data

The historical data trend for AXT'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.

AXT EBIT Chart

AXT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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0.45

5.96

15.77

20.77

-16.05

AXT 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															-2.92	-4.73	-5.75	-2.86	-1.31

Competitive Comparison of AXT's EBIT

For the Semiconductor Equipment & Materials subindustry, AXT'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.

AXT's EV-to-EBIT Distribution in the Semiconductors Industry

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

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

AXT 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 €-14.66 Mil.

AXT (STU:AHV) EBIT Explanation

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

AXT'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 )
=	-8.796 * ( 1 - -15.44% )	/	( (270.45	+	278.54)	/ 2 )
=	-10.1541024	/	274.495
=	-3.70 %

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	))
=	328.929	-	21.898	-	( 36.581	-	max(0, 74.788	-	156.492	+	36.581	))
=	270.45

	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	))
=	321.047	-	17.244	-	( 25.263	-	max(0, 66.246	-	150.643	+	25.263	))
=	278.54

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

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

AXT'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 )
=	-5.244	/	( ( (155.108 + max(94.072, 0))	+	(152.517 + max(104.684, 0)) )	/	2 )
=	-5.244	/	( ( 249.18	+	257.201 )	/	2 )
=	-5.244	/	253.1905
=	-2.07 %

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)
=	(17.658	+	79.323	+	22.93)	-	(21.898	+	0.28	+	3.661)
=	94.072

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(23.053	+	79.068	+	23.259)	-	(17.244	+	0.492	+	2.96)
=	104.684

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-14.655	/	181.839
	=	-8.06 %

AXT EBIT Related Terms

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AXT (STU:AHV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » AXT Inc (STU:AHV) » Definitions » EBIT

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Traded in Other Exchanges

AXTI:USA AHV:Germany

Address

4281 Technology Drive, Fremont, CA, USA, 94538

Website

http://www.axt.com

AXT Inc is a developer and producer of compound and single-element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.

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