8x8 (EGHT) EBIT

: $-8.9 Mil (TTM As of Dec. 2023)

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8x8's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-10.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-8.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. 8x8's annualized ROC % for the quarter that ended in Dec. 2023 was 1.02%. 8x8's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -43.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. 8x8's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.39%.

8x8 EBIT Historical Data

The historical data trend for 8x8'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.

8x8 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

-89.63

-159.82

-146.03

-153.10

-43.06

8x8 Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																-17.25	3.36	-3.81	2.22	-10.67

Competitive Comparison

For the Software - Application subindustry, 8x8'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.

8x8 EV-to-EBIT Distribution

For the Software industry and Technology sector, 8x8's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where 8x8's EV-to-EBIT falls into.

8x8 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.9 Mil.

8x8 (NAS:EGHT) EBIT Explanation

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

8x8's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	6.572 * ( 1 - -2.52% )	/	( (671.58	+	652.622)	/ 2 )
=	6.7376144	/	662.101
=	1.02 %

where

	Invested Capital		(Q: Sep. 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	))
=	823.723	-	99.298	-	( 148.774	-	max(0, 229.09	-	281.935	+	148.774	))
=	671.58

	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	))
=	826.718	-	102.152	-	( 169.548	-	max(0, 230.526	-	302.47	+	169.548	))
=	652.622

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

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

8x8's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-42.664	/	( ( (103.904 + max(-21.153, 0))	+	(94.207 + max(-22.581, 0)) )	/	2 )
=	-42.664	/	( ( 103.904	+	94.207 )	/	2 )
=	-42.664	/	99.0555
=	-43.07 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(61.063	+	0	+	72.098)	-	(99.298	+	33.223	+	21.793)
=	-21.153

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(63.042	+	0	+	69.88)	-	(102.152	+	32.778	+	20.573)
=	-22.581

When net working capital is negative, 0 is used.

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

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

8x8's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-8.893	/	638.901
	=	-1.39 %

8x8 EBIT Related Terms

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8x8 (EGHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 8x8 Inc (NAS:EGHT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

EGT:Germany EGT:Germany

Address

675 Creekside Way, Campbell, CA, USA, 95008

Website

https://www.8x8.com

8x8 Inc provides contact-center-as-a-service and unified-communications-as-a-service software applications to approximately 2.5 million users. The company's unified platform enables omnichannel communication to assist employees in communicating across voice, video, text, chat, and contact centers. Geographically, it derives a majority of revenue from the United States.

Executives

Kevin Kraus	officer: Interim Chief Financial Off.	C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Suzy M Seandel	officer: Chief Accounting Officer	C/O 8X8 INC. 675 CREEKSIDE WAY, CAMPBELL CA 95008
Samuel C. Wilson	officer: Chief Financial Officer	C/O 8X8 INC, 675 CREEKSIDE WAY, CAMPBELL CA 95008
Laurence Denny	officer: Chief Legal Officer	C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Hunter Middleton	officer: Chief Product Officer	C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Elizabeth Harriet Theophille	director	26 FURFELDERSTRASSE, RIEHEN V8 4125
Daniel Patrick Gibson	10 percent owner	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Sylebra Capital Ltd	10 percent owner	28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000
Eric Salzman	director	C/O 8X8 INC., 675 CREEKSIDE WAY, CAMPCALL CA 95008
Matthew Zinn	officer: SVP-GC,Secretary and CPO	2160 GOLD STREET, ALVISO CA 95002
David Sipes	officer: Chief Executive Officer	1400 FASHION ISLAND BLVD.,, SUITE 7TH FLOOR, SAN MATEO CA 94404
Stephanie Garcia	officer: Chief Human Resources Officer	C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Dejan Deklich	officer: Chief Product Officer	2125 O'NEL DR., SAN JOSE CA 95131
Germaine Cota	officer: Chief Accting Off./Treasurer	675 CREEKSIDE DRIVE, CAMPBELL CA 95008
Bryan R Martin	director, officer: Chief Executive Officer	C/O 8X8 INC, 3151 JAY STREET, SANTA CLARA CA 95054