GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CarParts.com Inc (NAS:PRTS) » Definitions » EBIT

CarParts.com (CarParts.com) EBIT : $-6.7 Mil (TTM As of Dec. 2023)


View and export this data going back to 2007. Start your Free Trial

What is CarParts.com EBIT?

CarParts.com's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-6.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-6.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CarParts.com's annualized ROC % for the quarter that ended in Dec. 2023 was -25.06%. CarParts.com's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -25.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CarParts.com's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.89%.


CarParts.com EBIT Historical Data

The historical data trend for CarParts.com'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.

CarParts.com EBIT Chart

CarParts.com Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.21 0.51 -8.87 1.12 -6.68

CarParts.com 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 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 -5.35 1.55 -0.21 -2.04 -5.99

Competitive Comparison of CarParts.com's EBIT

For the Internet Retail subindustry, CarParts.com'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.


CarParts.com's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, CarParts.com's EV-to-EBIT distribution charts can be found below:

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



CarParts.com 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 $-6.7 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.


CarParts.com  (NAS:PRTS) EBIT Explanation

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

CarParts.com'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 )
=-27.024 * ( 1 - 3.96% )/( (98.851 + 108.283)/ 2 )
=-25.9538496/103.567
=-25.06 %

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))
=270.822 - 105.292 - ( 66.679 - max(0, 119.571 - 206.763+66.679))
=98.851

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))
=257.855 - 98.621 - ( 50.951 - max(0, 112.986 - 193.338+50.951))
=108.283

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

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

CarParts.com'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 )
=-23.944/( ( (60.795 + max(29.784, 0)) + (61.186 + max(38.458, 0)) )/ 2 )
=-23.944/( ( 90.579 + 99.644 )/ 2 )
=-23.944/95.1115
=-25.17 %

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)
=(9.448 + 123.965 + 6.671) - (105.292 + 0 + 5.008)
=29.784

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.365 + 128.901 + 6.121) - (98.621 + 0 + 5.308)
=38.458

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:

CarParts.com's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-6.684/56.224
=-11.89 %

* 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.


CarParts.com EBIT Related Terms

Thank you for viewing the detailed overview of CarParts.com's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


CarParts.com (CarParts.com) Business Description

Traded in Other Exchanges
Address
2050 W. 190th Street, Suite 400, Torrance, CA, USA, 90504
CarParts.com Inc is an online provider of automotive aftermarket parts and repair information. The company principally sells its products to individual consumers through its network of websites and online marketplaces. The company's products consist of collision parts serving the body repair market, engine parts to serve the replacement parts market, and performance parts and accessories.
Executives
Michael Huffaker officer: Chief Operating Officer 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Henry J Maier director 1000 FEDEX DRIVE, MOON TOWNSHIP PA 15108
Nanxi Liu director 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Jim Barnes director 16941 KEEGAN AVE, CARSON CA 90746
Ana Dutra director C/O KORN/FERRY INTERNATIONAL, 1900 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
Ryan Lockwood officer: Chief Financial Officer 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Kals Subramanian officer: Chief Technology Officer 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
David Meniane director, officer: Chief Executive Officer 16941 KEEGAN AVENUE, CARSON CA 90746
Houman Akhavan officer: VP of Marketiing C/O U. S. AUTO PARTS NETWORK, INC., 17150 SOUTH MARGAY AVENUE, CARSON CA 90746
Barry Phelps director 26750 AGOURA RD, CALABASAS CA 91302
Alfredo Gomez officer: VP, General Counsel 10420 RESEARCH ROAD SE, ALBUQUERQUE NM 87123
Lev Peker director, officer: Chief Executive Officer US AUTO PARTS, 16941 KEEGAN AVENUE, CARSON CA 90746
Sanjiv Gomes officer: Interim CTO 16941 KEEGAN AVENUE, CARSON CA 90746
Jay Keith Greyson director 16941 KEEGAN AVENUE, CARSON CA 90746
Mehran Nia director, 10 percent owner 17150 SOUTH MARGAY AVENUE, CARSON CA 90746

CarParts.com (CarParts.com) Headlines