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Wrap Technologies (Wrap Technologies) EBIT : $-15.69 Mil (TTM As of Sep. 2023)


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What is Wrap Technologies EBIT?

Wrap Technologies's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-2.75 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-15.69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wrap Technologies's annualized ROC % for the quarter that ended in Sep. 2023 was -113.25%. Wrap Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -1,251.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wrap Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -32.17%.


Wrap Technologies EBIT Historical Data

The historical data trend for Wrap Technologies'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.

Wrap Technologies EBIT Chart

Wrap Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial -3.34 -8.61 -13.08 -24.50 -17.73

Wrap Technologies Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -3.91 -3.60 -4.26 -5.08 -2.75

Competitive Comparison of Wrap Technologies's EBIT

For the Scientific & Technical Instruments subindustry, Wrap Technologies'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.


Wrap Technologies's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wrap Technologies's EV-to-EBIT distribution charts can be found below:

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



Wrap Technologies 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-15.69 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.


Wrap Technologies  (NAS:WRAP) EBIT Explanation

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

Wrap Technologies's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-11 * ( 1 - 0% )/( (4.581 + 14.845)/ 2 )
=-11/9.713
=-113.25 %

where

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

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

Wrap Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-11/( ( (0.82 + max(-1.513, 0)) + (0.738 + max(0.2, 0)) )/ 2 )
=-11/( ( 0.82 + 0.938 )/ 2 )
=-11/0.879
=-1,251.42 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.949 + 6.52 + 0.722) - (9.713 + 0.214 + 0.777)
=-1.513

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.321 + 5.816 + 0.762) - (1.888 + 0.191 + 8.62)
=0.2

When net working capital is negative, 0 is used.

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

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

Wrap Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-15.691/48.781
=-32.17 %

* 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.


Wrap Technologies EBIT Related Terms

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Wrap Technologies (Wrap Technologies) Business Description

Traded in Other Exchanges
N/A
Address
1817 West 4th Street, Tempe, AZ, USA, 85281
Wrap Technologies Inc offers public safety technologies and services. The firm develops policing solutions to law enforcement and security personnel. Its BolaWRAP 150 Remote Restraint device is a patented, hand-held tool that discharges a Kevlar cord to restrain noncompliant individuals from a range of 10-25 feet. The group operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Executives
Timothy Szymanski director C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Rajiv Srinivasan director C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Kevin W Mullins officer: PRESIDENT C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Christopher James Dealmeida officer: Chief Financial Officer 1817 W 4TH STREET, TEMPE AZ 85281
Elwood G Norris 10 percent owner 13771 DANIELSON STREET, STE. L, POWAY CA 92064
Bruce Bernstein director 780 THIRD AVENUE, 12TH FLOOR, NEW YORK NY 10017
Marc Savas director 8033 SUNSET BLVD., BOX 873, LOS ANGELES CA 90046
Tj Kennedy director 400 S 4TH ST, STE. 401-412, MINNEAPOLIS MN 55415
Scot Cohen director, officer: Executive Chairman, Secretary 20 EAST 20TH ST., APT. 6, NEW YORK NY 10003
Kevin Charles Sherman director 1730 BLAKE ST STE 305, DENVER CO 80202
Glenn M Hickman officer: CHIEF OPERATING OFFICER C/O WRAP TECHNOLOGIES, 1817 W 4TH STREET, TEMPE AZ 85281
Varner Leo William Jr. officer: INTERIM CEO 400 GALLERIA PKWY SE, SUITE 1760, ATLANTA GA 30339
James A Barnes director, officer: President and CFO 13771 DANIELSON STREET, STE. L, POWAY CA 92064
Thomas P Smith officer: PRESIDENT 7860 EAST MCCLAIN DRIVE SUITE E, SCOTTSDALE AZ 85260-1627
David G Norris director, officer: President C/O TREE.COM, INC., 11115 RUSHMORE DRIVE, CHARLOTTE NC 28277