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Rite Aid's earnings before interest and taxes (EBIT) for the three months ended in Aug. 2023 was $-945 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2023 was $-1,392 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rite Aid's annualized ROC % for the quarter that ended in Aug. 2023 was -22.70%. Rite Aid's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was -84.58%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rite Aid's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was -21.42%.
The historical data trend for Rite Aid'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.
Rite Aid Annual Data | |||||||||||||||||||||
Trend | Feb14 | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | |||||||||||
EBIT | Get a 7-Day Free Trial | -361.75 | 148.05 | 81.16 | -350.66 | -532.00 |
Rite Aid Quarterly Data | ||||||||||||||||||||
Nov18 | Feb19 | May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | |
EBIT | Get a 7-Day Free Trial | -266.79 | -10.24 | -196.40 | -240.01 | -945.03 |
For the Pharmaceutical Retailers subindustry, Rite Aid'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.
For the Healthcare Providers & Services industry and Healthcare sector, Rite Aid's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Rite Aid's EV-to-EBIT falls into.
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 Aug. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,392 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.
Rite Aid (OTCPK:RADCQ) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Rite Aid's annualized ROC % for the quarter that ended in Aug. 2023 is calculated as:
ROC % (Q: Aug. 2023 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: May. 2023 ) | + | Invested Capital (Q: Aug. 2023 )) | / count ) |
= | -1451.48 * ( 1 - -0.23% ) | / | ( (5237.092 | + | 7582.888) | / 2 ) |
= | -1454.818404 | / | 6409.99 | |||
= | -22.70 % |
where
Invested Capital | (Q: May. 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 | )) |
= | 7650.418 | - | 2277.799 | - | ( 135.527 | - | max(0, 2772.571 | - | 3649.463 | + | 135.527 | )) |
= | 5237.092 |
Invested Capital | (Q: Aug. 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 | )) |
= | 7125.952 | - | 2322.365 | - | ( 92.926 | - | max(0, 6517.954 | - | 3738.653 | + | 92.926 | )) |
= | 7582.888 |
Note: The Operating Income data used here is four times the quarterly (Aug. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
Rite Aid's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 is calculated as:
ROC (Joel Greenblatt) % | (Q: Aug. 2023 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: May. 2023 | Q: Aug. 2023 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -3780.136 | / | ( ( (3349.65 + max(1236.137, 0)) | + | (3029.044 + max(1323.362, 0)) ) | / | 2 ) |
= | -3780.136 | / | ( ( 4585.787 | + | 4352.406 ) | / | 2 ) |
= | -3780.136 | / | 4469.0965 | ||||
= | -84.58 % |
where Working Capital is:
Working Capital | (Q: May. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (1392.348 | + | 1950.413 | + | 171.175) | - | (2277.799 | + | 0 | + | 0) |
= | 1236.137 |
Working Capital | (Q: Aug. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (1472.755 | + | 1993.873 | + | 179.099) | - | (2322.365 | + | 0 | + | 0) |
= | 1323.362 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Aug. 2023) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Rite Aid's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Aug. 2023 ) |
= | -1391.678 | / | 6496.838 | |
= | -21.42 % |
* 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.
Thank you for viewing the detailed overview of Rite Aid's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher W. Dupaul | officer: Chief Operating Officer | 1200 INTREPID AVENUE, 2ND FLOOR, PHILADELPHIA PA 19112 |
Sabatino Thomas J Jr | officer: Chief Legal Officer | C/O JAN STERN REED BAXTER INTERNATIONAL, ONE BAXTER PARKWAY DF2 2W, DEERFIELD IL 60015 |
Steven Bixler | officer: Chief Accounting Officer | C/O RITE AID CORPORATION, 30 HUNTER LANE, CAMP HILL PA 17011 |
Heyward R Donigan | officer: Chief Executive Officer | 452 DISCOVERY ROAD, VIRGINIA BEACH VA 23451 |
Jocelyn Z Konrad | officer: Executive VP | RITE AID CORPORATION, 30 HUNTER LANE, CAMP HILL PA 17011 |
Ray Smithberger | officer: SVP, Operations | 30 HUNTER LANE, CAMP HILL PA 17011 |
Bari A Harlam | director | C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003 |
Paul D Gilbert | officer: EVP, Secretary&General Counsel | 103 POWELL COURT, SUITE 200, BRENTWOOD TN 37027 |
Andre Persaud | officer: EVP, Retail | 30 HUNTER LANE, CAMP HILL PA 17011 |
Dan Robson | officer: President, EnvisionRXOptions | 30 HUNTER LANE, CAMP HILL PA 17011 |
James J Peters | officer: Chief Operating Officer | C/O NXSTAGE MEDICAL, INC., 350 MERRIMACK STREET, LAWRENCE MA 01843 |
James J Comitale | officer: EVP, General Counsel, Secy. | 30 HUNTER LANE, CAMP HILL PA 17011 |
Jessica Kazmaier | officer: EVP, Chief HR Officer | 30 HUNTER LANE, CAMP HILL PA 17011 |
Justin L. Mennen | officer: EVP, Chief Information Officer | 30 HUNTER LANE, CAMP HILL PA 17011 |
Katherine B Quinn | director | US BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402 |
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