Arteris (Arteris) EBIT : $-31.58 Mil (TTM As of Dec. 2023)

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What is Arteris EBIT?

Arteris's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-8.33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-31.58 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Arteris's annualized ROC % for the quarter that ended in Dec. 2023 was -55.56%. Arteris's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -390.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Arteris's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -14.12%.

Arteris EBIT Historical Data

The historical data trend for Arteris'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.

Arteris EBIT Chart

Arteris Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

7.27

-2.18

-21.77

-27.43

-31.58

Arteris Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial											-8.04	-7.85	-7.85	-7.56	-8.33

Competitive Comparison of Arteris's EBIT

For the Semiconductors subindustry, Arteris'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.

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

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

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

Arteris 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-31.58 Mil.

Arteris (NAS:AIP) EBIT Explanation

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

Arteris'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 )
=	-36.996 * ( 1 - -14.56% )	/	( (72.283	+	80.274)	/ 2 )
=	-42.3826176	/	76.2785
=	-55.56 %

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	))
=	102.171	-	12.428	-	( 46.361	-	max(0, 44.52	-	61.98	+	46.361	))
=	72.283

	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	))
=	102.801	-	10.499	-	( 41.173	-	max(0, 46.402	-	58.43	+	41.173	))
=	80.274

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

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

Arteris'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 )
=	-33.328	/	( ( (7.028 + max(-26.707, 0))	+	(10.034 + max(-27.858, 0)) )	/	2 )
=	-33.328	/	( ( 7.028	+	10.034 )	/	2 )
=	-33.328	/	8.531
=	-390.67 %

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)
=	(10.37	+	0	+	5.249)	-	(12.428	+	29.898	+	7.105427357601E-15)
=	-26.707

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.061	+	0	+	4.632)	-	(10.499	+	32.719	+	0.333)
=	-27.858

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-31.584	/	223.644
	=	-14.12 %

Arteris EBIT Related Terms

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Arteris (Arteris) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Arteris Inc (NAS:AIP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

595 Millich Drive, Suite 200, Campbell, CA, USA, 95008

Website

https://www.arteris.com

Arteris Inc is a developer of on-chip interconnect fabric technology designed for a variety of devices and in the development and distribution of Network-on-Chip (NoC) interconnect intellectual property (IP). The company's technology is used in System-on-Chip (SoC) and provides software and services to automate SoC integration, enabling users to efficiently deploy NoC IP, and offer IP support, maintenance services, professional services, and training and on-site support services.

Executives

Nicholas B. Hawkins	officer: VP and Chief Financial Officer	CORSAIR COMPONENTS INC., 46221 LANDING PARKWAY, FREMONT CA 94538
K Charles Janac	director, 10 percent owner, officer: President and CEO	C/O SMART MACHINES INC, 651 RIVER OAKS PARKWAY, SAN HOSE CA 95135
Laurent R Moll	officer: Chief Operating Officer	C/O ARTERIS, INC., 595 MILLICH DR., SUITE 200, CAMPBELL CA 95008
Paul L Alpern	officer: VP and General Counsel	C/O ARTERIS, INC., 595 MILLICH DR., SUITE 200, CAMPBELL CA 95008
Wayne C Cantwell	director	C/O ARTERIS, INC., 595 MILLICH DR., SUITE 200, CAMPBELL CA 95008
Antonio J Viana	director	C/O ARTERIS, INC., 595 MILLICH DR., SUITE 200, CAMPBELL CA 95008
Raman Chitkara	director	2100 LOGIC DRIVE, SAN JOSE CA 95124
Claudia F. Munce	director	7601 PENN AVENUE S., RICHFIELD MN 55423
Saiyed Atiq Raza	director
Isabelle F Geday	director	C/O ARTERIS, INC., 595 MILLICH DR., SUITE 200, CAMPBELL CA 95008
Capital F Ventech	10 percent owner	47 AVENUE DE L'OPERA, PARIS I0 75002
Arteris Ip, Llc	10 percent owner	591 W. HAMILTON AVE, SUITE 250, CAMPBELL CA 95008
Christian Claussen	director, 10 percent owner	C/O ARTERIS, INC., 595 MILLICH DR., SUITE 200, CAMPBELL CA 95008