Ethema Health (Ethema Health) EBIT : $2.55 Mil (TTM As of Sep. 2023)

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What is Ethema Health EBIT?

Ethema Health's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $2.25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $2.55 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ethema Health's annualized ROC % for the quarter that ended in Sep. 2023 was 1.06%. Ethema Health's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 154.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ethema Health's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 16.57%.

Ethema Health EBIT Historical Data

The historical data trend for Ethema Health'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.

Ethema Health EBIT Chart

Ethema Health Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-2.88

-10.55

4.62

0.94

1.62

Ethema Health 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															0.81	0.45	0.07	-0.22	2.25

Competitive Comparison of Ethema Health's EBIT

For the Medical Care Facilities subindustry, Ethema Health'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.

Ethema Health's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ethema Health's EV-to-EBIT distribution charts can be found below:

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

Ethema Health 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 $2.55 Mil.

Ethema Health (OTCPK:GRST) EBIT Explanation

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

Ethema Health'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 )
=	0.136 * ( 1 - -0.76% )	/	( (10.157	+	15.802)	/ 2 )
=	0.1370336	/	12.9795
=	1.06 %

where

	Invested Capital		(Q: Jun. 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	))
=	3.836	-	2.956	-	( 0.028	-	max(0, 9.857	-	0.58	+	0.028	))
=	10.157

	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	))
=	12.008	-	3.124	-	( 0.012	-	max(0, 7.713	-	0.795	+	0.012	))
=	15.802

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

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

Ethema Health'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 )
=	8.988	/	( ( (1.782 + max(-2.743, 0))	+	(9.855 + max(-2.341, 0)) )	/	2 )
=	8.988	/	( ( 1.782	+	9.855 )	/	2 )
=	8.988	/	5.8185
=	154.47 %

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)
=	(0.471	+	0	+	0.081)	-	(2.956	+	0	+	0.339)
=	-2.743

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.681	+	0	+	0.102)	-	(3.124	+	0	+	-8.8817841970013E-16)
=	-2.341

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	2.546	/	15.367
	=	16.57 %

Ethema Health EBIT Related Terms

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Ethema Health (Ethema Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ethema Health Corp (OTCPK:GRST) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

950 Evernia Street, West Palm Beach, FL, USA, 33401

Website

https://www.ethemahealth.com

Ethema Health Corp is engaged in developing and operating medical clinics in Delray Beach Florida. It provides addiction and mental health treatment facilities. The company's operating segment includes Rental Operations and Rehabilitation Services provided to customers. It generates maximum revenue from the In-Patient services segment.

Executives

Shawn Edward Leon	director, 10 percent owner, officer: CEO	5734 YONGE STREET, SUITE 300, NORTH YORK A6 M2M 4E7
William L Sklar	officer: Chief Financial Officer	513 ROSELAWN AVENUE, TORONTO A6 M5N 1K2