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Etsy (ETSY) EBIT

: $307 Mil (TTM As of Dec. 2023)
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Etsy's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $74 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $307 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Etsy's annualized ROC % for the quarter that ended in Dec. 2023 was 28.32%. Etsy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 120.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Etsy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.37%.


Etsy EBIT Historical Data

The historical data trend for Etsy'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.

Etsy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 104.97 407.73 481.54 -647.81 306.86

Etsy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -894.93 78.20 65.72 88.56 74.39

Competitive Comparison

For the Internet Retail subindustry, Etsy'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.


Etsy EV-to-EBIT Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Etsy's EV-to-EBIT distribution charts can be found below:

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



Etsy 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 $307 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.


Etsy  (NAS:ETSY) EBIT Explanation

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

Etsy'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 )
=461.832 * ( 1 - 23.73% )/( (1214.497 + 1272.717)/ 2 )
=352.2392664/1243.607
=28.32 %

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))
=2449.197 - 439.656 - ( 976.888 - max(0, 548.817 - 1343.861+976.888))
=1214.497

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))
=2685.4 - 553.018 - ( 1150.441 - max(0, 710.781 - 1570.446+1150.441))
=1272.717

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

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

Etsy'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 )
=297.552/( ( (245.806 + max(-176.623, 0)) + (249.794 + max(-284.697, 0)) )/ 2 )
=297.552/( ( 245.806 + 249.794 )/ 2 )
=297.552/247.8
=120.08 %

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)
=(241.368 + 0 + 125.605) - (439.656 + 14.984 + 88.956)
=-176.623

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(290.121 + 0 + 129.884) - (553.018 + 14.635 + 137.049)
=-284.697

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=306.862/9110.528
=3.37 %

* 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.


Etsy EBIT Related Terms

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Etsy (ETSY) Business Description

Address
117 Adams Street, Brooklyn, NY, USA, 11201
Etsy operates a top-10 e-commerce marketplace operator in the U.S. and the U.K., with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.3 billion in 2022 consolidated gross merchandise volume, the firm has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2022, the firm connected more than 95 million buyers and 7.5 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).
Executives
Josh Silverman director, officer: President & CEO 117 ADAMS STREET, BROOKLYN NY 11201
Ryan M. Scott officer: Chief Marketing Officer 117 ADAMS STREET, C/O ETSY, INC., BROOKLYN NY 11249
Merilee Buckley officer: Chief Accounting Officer 117 ADAMS ST. C/O ETSY, INC., BROOKLYN NY 11201
Marla J Blow director 412 ETHAN ALLEN DRIVE, TAKOMA PARK MD 20912
Nicholas Daniel officer: Chief Product Officer C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11201
Andy Ballard director ONE MARITIME PLAZA, SUITE 1350, SAN FRANCISCO CA 94111
Rachel C Glaser officer: Chief Financial Officer C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11201
Stretch Colin officer: Chief Legal Officewr C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11201
Rachana Kumar officer: Chief Technology Officer C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11201
Melissa Reiff director C/O THE CONTAINER STORE GROUP, INC., 500 FREEPORT PARKWAY, COPPELL TX 75019
Raina Moskowitz officer: Chief Ops,Strategy&Ppl Officer 117 ADAMS STREET, C/O ETSY,INC., BROOKLYN NY 11201
Michael T Fisher officer: Chief Technology Officer 117 ADAMS STREET, C/O ETSY, INC., BROOKLYN NY 11201
Frederick R Wilson director, 10 percent owner
Kimaria Seymour officer: Chief Human Resources Officer C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11201
Goyal Kruti Patel officer: Chief Product Officer 117 ADAMS STREET, C/O ETSY, INC., BROOKLYN NY 11201

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