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QualTek Services (QualTek Services) EBIT : $-43.5 Mil (TTM As of Mar. 2023)


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What is QualTek Services EBIT?

QualTek Services's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-26.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-43.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. QualTek Services's annualized ROC % for the quarter that ended in Mar. 2023 was -10.31%. QualTek Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -53.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. QualTek Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -6.77%.


QualTek Services EBIT Historical Data

The historical data trend for QualTek Services'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.

QualTek Services EBIT Chart

QualTek Services Annual Data
Trend Dec19 Dec20 Dec21 Dec22
EBIT
-28.15 -56.56 -51.10 -45.48

QualTek Services Quarterly Data
Dec19 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 -28.20 -12.56 9.10 -13.80 -26.27

Competitive Comparison of QualTek Services's EBIT

For the Telecom Services subindustry, QualTek Services'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.


QualTek Services's EV-to-EBIT Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, QualTek Services's EV-to-EBIT distribution charts can be found below:

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



QualTek Services 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 $-43.5 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.


QualTek Services  (OTCPK:QTEKQ) EBIT Explanation

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

QualTek Services'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 )
=-106.292 * ( 1 - 0% )/( (1016.445 + 1045.826)/ 2 )
=-106.292/1031.1355
=-10.31 %

where

Invested Capital(Q: Dec. 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))
=688.927 - 133.808 - ( 0.495 - max(0, 723.922 - 262.596+0.495))
=1016.445

Invested Capital(Q: Mar. 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))
=671.921 - 125.442 - ( 8.149 - max(0, 750.183 - 250.836+8.149))
=1045.826

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

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

QualTek Services'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 )
=-105.076/( ( (88.384 + max(109.607, 0)) + (91.363 + max(99.958, 0)) )/ 2 )
=-105.076/( ( 197.991 + 191.321 )/ 2 )
=-105.076/194.656
=-53.98 %

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)
=(250.372 + 9.033 + 8.104) - (133.808 + 24.094 + 0)
=109.607

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(227.651 + 6.728 + 13.379) - (125.442 + 22.358 + 0)
=99.958

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=-43.54/643.122
=-6.77 %

* 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.


QualTek Services EBIT Related Terms

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QualTek Services (QualTek Services) Business Description

Traded in Other Exchanges
N/A
Address
475 Sentry Parkway E, Suite 200, Blue Bell, PA, USA, 19422
QualTek Services Inc is a technology-driven provider of infrastructure services to the 5G wireless, telecom, power grid modernization, and renewable energy sectors across North America.
Executives
Emanuel R Pearlman director 250 EAST 79TH STREET, NEW YORK NY 10075
Alan Jeffrey Carr director 8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Matthew J. Mccolgan officer: Chief Financial Officer 475 SENTRY PARKWAY E, STE 200, BLUE BELL PA 19422
John A Kritzmacher director C/O GLOBAL CROSSING LIMITED, 200 PARK AVENUE, SUITE 300, FLORHAM PARK NJ 07932
Bruce E Roberson director 5416 HOLLY SPRINGS DR, HOUSTON TX 77056
Cielo Hernandez director C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135
Adam Paul Spittler officer: Chief Financial Officer C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Christopher Scott Hisey director, officer: CEO and Director 818 HIDDEN FOREST DRIVE, COLLEGEVILLE PA 19426
Elizabeth Downey officer: Chief Administrative Officer 1777 SENTRY PARKWAY WEST, SUITE 302, BLUE BELL PA 19422
Daniel Lafond director C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Brightstar Gp Investors, Llc director, 10 percent owner C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Bcp Qualtek Ii, Llc director, 10 percent owner C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Bcp Qualtek, Llc director, 10 percent owner C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Raul A Deju director
Maha Eltobgy director C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422