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Elastic NV (Elastic NV) EBIT

: $-94 Mil (TTM As of Jan. 2024)
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Elastic NV's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $-18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $-94 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Elastic NV's annualized ROC % for the quarter that ended in Jan. 2024 was 66.94%. Elastic NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -275.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Elastic NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -1.02%.


Elastic NV EBIT Historical Data

The historical data trend for Elastic NV'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.

Elastic NV Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
EBIT
Premium Member Only Premium Member Only -101.36 -169.14 -121.53 -177.07 -191.72

Elastic NV Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
EBIT 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 Premium Member Only Premium Member Only Premium Member Only -63.89 -33.48 -28.95 -13.30 -17.84

Competitive Comparison

For the Software - Application subindustry, Elastic NV'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.


Elastic NV EV-to-EBIT Distribution

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

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



Elastic NV 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-94 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.


Elastic NV  (NYSE:ESTC) EBIT Explanation

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

Elastic NV's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=-105.616 * ( 1 - 827.66% )/( (997.364 + 1298.676)/ 2 )
=768.5253856/1148.02
=66.94 %

where

Invested Capital(Q: Oct. 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))
=1757.846 - 145.944 - ( 966.359 - max(0, 687.231 - 1301.769+966.359))
=997.364

Invested Capital(Q: Jan. 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))
=2058.922 - 126.395 - ( 1015.026 - max(0, 728.272 - 1362.123+1015.026))
=1298.676

Note: The Operating Income data used here is four times the quarterly (Jan. 2024) data.

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

Elastic NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-71.344/( ( (23.232 + max(-340.233, 0)) + (28.6 + max(-368.387, 0)) )/ 2 )
=-71.344/( ( 23.232 + 28.6 )/ 2 )
=-71.344/25.916
=-275.29 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(232.25 + 0 + 103.16) - (145.944 + 510.981 + 18.718)
=-340.233

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(229.946 + 0 + 117.151) - (126.395 + 561.665 + 27.424)
=-368.387

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

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

Elastic NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2024 )
=-93.559/9189.365
=-1.02 %

* 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.


Elastic NV EBIT Related Terms

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Elastic NV (Elastic NV) Business Description

Traded in Other Exchanges
Address
Keizersgracht 281, Amsterdam, NH, NLD, 1016 ED
Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.
Executives
Alison Gleeson director C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Shelley B Leibowitz director C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Carolyn Herzog officer: Chief Legal Officer C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Ken Exner officer: Chief Product Officer C/O ELASTIC NV, 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Ashutosh Kulkarni officer: Chief Executive Officer 6220 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Shay Banon director, 10 percent owner, officer: CEO and Chairman C/O ELASTIC NV, 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040
Janesh Moorjani officer: Chief Financial Officer C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Chetan Puttagunta director 2855 SAND HILL ROAD, MENLO PARK CA 94025
Auvil Paul R. Iii director C/O PROOFPOINT, INC., 892 ROSS DRIVE, SUNNYVALE CA 94089
Sohaib Abbasi director 100 EAST DAVIE STREET, RALEIGH NC 27601
Jonathan Chadwick director 3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Garrett W.h. Baird officer: SVP and General Counsel C/O ELASTIC N.V., 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040
Peter H Fenton director, 10 percent owner 2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Paul Andrew Appleby officer: President, Worldwide Field Ops C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Steven Schuurman director, 10 percent owner C/O ELASTIC NV, 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040