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Venus Concept's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-7.47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-29.81 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Venus Concept's annualized ROC % for the quarter that ended in Mar. 2024 was -50.31%. Venus Concept's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -78.38%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Venus Concept's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -37.42%.
The historical data trend for Venus Concept'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.
Venus Concept Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
EBIT | Get a 7-Day Free Trial | -32.59 | -73.29 | -17.89 | -39.75 | -30.23 |
Venus Concept Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
EBIT | Get a 7-Day Free Trial | -7.88 | -5.58 | -7.67 | -9.10 | -7.47 |
For the Medical Devices subindustry, Venus Concept'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 Medical Devices & Instruments industry and Healthcare sector, Venus Concept's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Venus Concept'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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-29.81 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.
Venus Concept (NAS:VERO) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Venus Concept's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:
ROC % (Q: Mar. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Dec. 2023 ) | + | Invested Capital (Q: Mar. 2024 )) | / count ) |
= | -31.04 * ( 1 - -0.38% ) | / | ( (65.388 | + | 58.483) | / 2 ) |
= | -31.157952 | / | 61.9355 | |||
= | -50.31 % |
where
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 | )) |
= | 93.654 | - | 22.87 | - | ( 5.396 | - | max(0, 31.159 | - | 66.446 | + | 5.396 | )) |
= | 65.388 |
Invested Capital | (Q: Mar. 2024 ) | |||||||||||
= | 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 | )) |
= | 85.076 | - | 21.506 | - | ( 5.087 | - | max(0, 29.448 | - | 60.701 | + | 5.087 | )) |
= | 58.483 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Venus Concept's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Mar. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Dec. 2023 | Q: Mar. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -29.864 | / | ( ( (5.839 + max(34.215, 0)) | + | (5.31 + max(30.837, 0)) ) | / | 2 ) |
= | -29.864 | / | ( ( 40.054 | + | 36.147 ) | / | 2 ) |
= | -29.864 | / | 38.1005 | ||||
= | -78.38 % |
where Working Capital is:
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (29.151 | + | 23.072 | + | 7.406) | - | (22.87 | + | 2.544 | + | -3.5527136788005E-15) |
= | 34.215 |
Working Capital | (Q: Mar. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (27.168 | + | 20.978 | + | 6.567) | - | (21.506 | + | 2.37 | + | 0) |
= | 30.837 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Venus Concept's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2024 ) |
= | -29.814 | / | 79.678 | |
= | -37.42 % |
* 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 Venus Concept's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Anthony Natale | director | 235 YORKLAND BLVD., SUITE 900, TORONTO A6 M2J 4Y8 |
Ross Portaro | officer: President Global Sales | 235 YORKLAND BLVD, SUITE 900, TORONTO Z4 M2J 4Y8 |
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Silva Rajiv De | director, officer: Chief Executive Officer | 1400 ATWATER DRIVE, MALVERN PA 19355 |
Stanley Tyler Hollmig | director | 235 YORKLAND BLVD, SUITE 900, TORONTO Z4 M2J 4Y8 |
Hemanth Jacob Varghese | officer: President/Chief Bus. Officer | 330 JOICEY BOULEVARD, TORONTO A6 M5M2W1 |
Marlin Fund, Limited Partnership | 10 percent owner | MASTERS CAPITAL MANAGEMENT, LLC, 3060 PEACHTREE ROAD NW, SUITE 1425, ATLANTA GA 30305 |
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Marlin Fund Iii, Limited Partnership | 10 percent owner | MASTERS CAPITAL MANAGEMENT, LLC, 3060 PEACHTREE ROAD NW, SUITE 1425, ATLANTA GA 30305 |
Marlin Master Fund Offshore Ii, Lp | 10 percent owner | WAYSTONE CORP SV (CAYMAN) LTD, STE 5B201, FL 2, 1 NEXUS WAY, CAMANA BAY, BOX 1344, GRAND CAYMAN E9 KY1-1108 |
Mss Vc Spv Lp | 10 percent owner | C/O MASTERS SPECIAL SITUATIONS, LLC, 3060 PEACHTREE ROAD, NW, STE.1425, ATLANTA GA 30305 |
Marlin Fund Ii, Limited Partnership | 10 percent owner | MASTERS CAPITAL MANAGEMENT, LLC, 3060 PEACHTREE ROAD NW, SUITE 1425, ATLANTA GA 30305 |
Masters Special Situations, Llc | 10 percent owner | 3060 PEACHTREE ROAD NW, SUITE 1425, ATLANTA GA 30305 |
Penna Domenic Della | officer: Chief Financial Officer | 235 YORKLAND BLVD., SUITE 900, TORONTO A6 M2J 4Y8 |
Anna Georgiadis | officer: VP, Global HR | 235 YORKLAND BLVD., SUITE 900, TORONTO A6 M2J 4Y8 |
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