MJ Harvest (MJ Harvest) EBIT : $-2.50 Mil (TTM As of Feb. 2023)

View and export this data going back to 2004. Start your Free Trial

What is MJ Harvest EBIT?

MJ Harvest's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2023 was $-0.57 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2023 was $-2.50 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MJ Harvest's annualized ROC % for the quarter that ended in Feb. 2023 was -18.78%. MJ Harvest's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2023 was -59.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MJ Harvest's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2023 was -32.39%.

MJ Harvest EBIT Historical Data

The historical data trend for MJ Harvest'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.

MJ Harvest EBIT Chart

MJ Harvest Annual Data

Trend

May19

May20

May21

May22

EBIT

-0.78

-1.21

-4.52

-2.10

MJ Harvest Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
EBIT	Get a 7-Day Free Trial													-0.29	-0.99	-0.39	-0.57	-0.57

Competitive Comparison of MJ Harvest's EBIT

For the Industrial Distribution subindustry, MJ Harvest'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.

MJ Harvest's EV-to-EBIT Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, MJ Harvest's EV-to-EBIT distribution charts can be found below:

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

MJ Harvest 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 Feb. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.50 Mil.

MJ Harvest (OTCPK:MJHI) EBIT Explanation

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

MJ Harvest's annualized ROC % for the quarter that ended in Feb. 2023 is calculated as:

	ROC % (Q: Feb. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2022 )	+	Invested Capital (Q: Feb. 2023 ))	/ count )
=	-2.252 * ( 1 - 0% )	/	( (11.431	+	12.555)	/ 2 )
=	-2.252	/	11.993
=	-18.78 %

where

	Invested Capital		(Q: Nov. 2022 )
=	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	))
=	8.815	-	1.363	-	( 0.05	-	max(0, 5.038	-	1.059	+	0.05	))
=	11.431

	Invested Capital		(Q: Feb. 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	))
=	8.934	-	2.011	-	( 0.162	-	max(0, 6.969	-	1.337	+	0.162	))
=	12.555

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

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

MJ Harvest's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2022		Q: Feb. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.268	/	( ( (3.913 + max(-0.432, 0))	+	(3.757 + max(-0.918, 0)) )	/	2 )
=	-2.268	/	( ( 3.913	+	3.757 )	/	2 )
=	-2.268	/	3.835
=	-59.14 %

where Working Capital is:

	Working Capital		(Q: Nov. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.96	+	0.049)	-	(1.363	+	0	+	0.078)
=	-0.432

	Working Capital		(Q: Feb. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	1.061	+	0.114)	-	(2.011	+	0	+	0.082)
=	-0.918

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2023 )
	=	-2.504	/	7.731
	=	-32.39 %

MJ Harvest EBIT Related Terms

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

MJ Harvest (MJ Harvest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » MJ Harvest Inc (OTCPK:MJHI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

9205 West Russell Road, Suite 240, Las Vegas, NV, USA, 89139

Website

https://www.mjharvestinc.com

MJ Harvest Inc cultivates, harvests, manufactures, and sells cannabis products. It also acquires and markets products and technologies that are designed to benefit growers and processors in the horticultural and agricultural industries.

Executives

David Tobias	director	PO BOX 1602, MESQUITE NV 89024
Jerry Cornwell	director, 10 percent owner	14424 SE 78TH WAY, NEW CASTLE WA 98059
Brad E Herr	officer: CFO	5413 S SAYBROOK LANE, SPOKANE WA 99223
Patrick Bilton	director, 10 percent owner, officer: Chief Executive Officer	9205 W RUSSELL ROAD, SUITE 240, LAS VEGAS NV 89139