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Venator Materials (Venator Materials) EBIT : $-201 Mil (TTM As of Mar. 2023)


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What is Venator Materials EBIT?

Venator Materials's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-143 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-201 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Venator Materials's annualized ROC % for the quarter that ended in Mar. 2023 was -27.25%. Venator Materials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -51.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Venator Materials's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -13.37%.


Venator Materials EBIT Historical Data

The historical data trend for Venator Materials'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.

Venator Materials EBIT Chart

Venator Materials Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only -112.00 33.00 -29.00 -34.00 -42.00

Venator Materials Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 16.00 126.00 -24.00 -160.00 -143.00

Competitive Comparison of Venator Materials's EBIT

For the Specialty Chemicals subindustry, Venator Materials'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.


Venator Materials's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Venator Materials's EV-to-EBIT distribution charts can be found below:

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



Venator Materials 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-201 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.


Venator Materials  (OTCPK:VNTRF) EBIT Explanation

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

Venator Materials's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=-544 * ( 1 - -0.6% )/( (2074 + 1942)/ 2 )
=-547.264/2008
=-27.25 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2023) data.

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

Venator Materials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-572/( ( (657 + max(521, 0)) + (616 + max(445, 0)) )/ 2 )
=-572/( ( 1178 + 1061 )/ 2 )
=-572/1119.5
=-51.09 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(234 + 499 + 273) - (391 + 0 + 94)
=521

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(319 + 473 + 72) - (419 + 0 + 0)
=445

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=-201/1503.163
=-13.37 %

* 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.


Venator Materials EBIT Related Terms

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Venator Materials (Venator Materials) Business Description

Traded in Other Exchanges
N/A
Address
Titanium House, Hanzard Drive, Wynyard Park, Stockton-On-Tees, Durham, GBR, TS22 5FD
Venator Materials PLC is a manufacturer and marketer of chemical products. Its products comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life, and reduce energy consumption. The company market its products globally to a diversified group of industrial customers through two segments, Titanium Dioxide, which consists of its TiO2 business, and Performance Additives, which consist of functional additives, color pigments, timber treatment, and water treatment businesses. It derives a majority of its revenue from the Titanium Dioxide segment. The company's key product lines include TiO2, color pigments, functional additives, timber treatment, and water treatment products.
Executives
Vir Lakshman director TITANIUM HOUSE, HANZARD DRIVE, WYNYARD PARK, STOCKTON-ON-TEES X0 XO TS22 5F
Van De Kerkhof Heike director C/O VENATOR MATERIALS PLC, TITANIUM HOUSE, HANZARD DRIVE, WYNYARD, STOCKTON-ON-TEES X0 TS225FD
Aaron Charles Davenport director C/O VENATOR MATERIALS PLC, TITANIUM HOUSE, HANZARD DRIVE, WYNYARD, STOCKTON-ON-TEES X0 TS225FD
Sk Capital Investment V, L.p. 10 percent owner 430 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Jamshid Keynejad 10 percent owner C/O SK CAPITAL, 430 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Barry Siadat 10 percent owner C/O SK CAPITAL, 430 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Huntsman Corp 10 percent owner 10003 WOODLOCH FOREST DRIVE, THE WOODLANDS TX 77380
Sk Capital Investment V, Ltd. 10 percent owner 430 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Sk Praetorian Holdings, L.p. 10 percent owner 430 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Sk Praetorian Gp, Llc 10 percent owner 430 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Douglas Delano Anderson director 10001 WOODLOCH FOREST DRIVE, SUITE 600, THE WOODLANDS TX 77380
Kurt Ogden officer: Senior VP & CFO 10001 WOODLOCH FOREST DRIVE, SUITE 600, THE WOODLANDS TX 77380
Russell R Stolle officer: Sr VP, General Counsel and CCO 500 HUNTSMAN WAY, SALT LAKE CITY UT 84108
Kathy Dawn Patrick director 10001 WOODLOCH FOREST DRIVE, SUITE 600, THE WOODLANDS TX 77380
Simon Turner director, officer: President & CEO 500 HUNTSMAN WAY, SALT LAKE CITY X1 84108