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Kore Group Holdings (Kore Group Holdings) EBIT : $-128.0 Mil (TTM As of Dec. 2023)


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What is Kore Group Holdings EBIT?

Kore Group Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-21.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-128.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kore Group Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -9.80%. Kore Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -300.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kore Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -36.86%.


Kore Group Holdings EBIT Historical Data

The historical data trend for Kore Group Holdings'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.

Kore Group Holdings EBIT Chart

Kore Group Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-11.60 -17.03 -10.29 -84.78 -127.99

Kore Group Holdings Quarterly Data
Dec19 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 -63.99 -8.66 -9.59 -87.84 -21.90

Competitive Comparison of Kore Group Holdings's EBIT

For the Telecom Services subindustry, Kore Group Holdings'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.


Kore Group Holdings's EV-to-EBIT Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kore Group Holdings's EV-to-EBIT distribution charts can be found below:

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



Kore Group Holdings 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 $-128.0 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.


Kore Group Holdings  (NYSE:KORE) EBIT Explanation

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

Kore Group Holdings'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 )
=-50.62 * ( 1 - 0.59% )/( (517.203 + 510.019)/ 2 )
=-50.321342/513.611
=-9.80 %

where

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

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

Kore Group Holdings'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 )
=-87.604/( ( (22.027 + max(13.717, 0)) + (20.323 + max(2.199, 0)) )/ 2 )
=-87.604/( ( 35.744 + 22.522 )/ 2 )
=-87.604/29.133
=-300.70 %

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)
=(48.22 + 9.925 + 12.709) - (49.206 + 7.931 + 0)
=13.717

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(52.413 + 8.215 + 12.107) - (49.828 + 9.044 + 11.664)
=2.199

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:

Kore Group Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-127.991/347.241
=-36.86 %

* 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.


Kore Group Holdings EBIT Related Terms

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Kore Group Holdings (Kore Group Holdings) Business Description

Traded in Other Exchanges
N/A
Address
3 Ravinia Dr, Suite 500, Alpharetta, GA, USA, 30346
Kore Group Holdings Inc provides Internet of Things (IoT) solutions and services. In addition to providing critical services to customers globally, it enables them to manage, deploy, and scale their IoT applications and use cases. It offers connectivity services, location-based services, device solutions, and managed and professional services for the development and support of IoT technology for the Machine-to-Machine market. It derives revenue from IoT Connectivity services, IoT Solutions services, SIMs (IoT Connectivity), and IoT devices (IoT Solutions).
Executives
Romil Bahl director, officer: Chief Executive Officer 3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Jason Dietrich officer: EVP, Chief Rev. Officer 3 RAVINIA DRIVE NE, SUITE 500, ATLANTA GA 30346
Twilio Inc 10 percent owner 101 SPEAR STREET, SUITE 500, San Francisco CA 94105
Robert P Macinnis director C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022
Tomer Yosef-or director C/O ABRY BROADCAST PARTNERS, 111 HUNTINGTON AVE., 30TH FLOOR, BOSTON MA 02199
Kennedy Jack William Jr. officer: See Remarks 1871 ASPEN DR NE, ATLANTA GA 30345
Tushar K. Sachdev officer: See Remarks 600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339
Paul Holtz officer: See Remarks C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022
Wood River Capital, Llc 10 percent owner 4111 E. 37TH STREET N, WICHITA KS 67220
James E Geisler director 2087 BRIDGEPORT DR, LEXINGTON KY 40502
Paulett Eberhart director C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 32121
Mark A Neporent director C/O CERBERUS PARTNERS LP, 450 PARK AVENUE 28TH FLOOR, NEW YORK NY 10022
Louise P Winstone officer: See Remarks 3700 MANSELL RD., SUITE 300, ALPHARETTA GA 30022
R Michael Thurston officer: See Remarks 1170 PEACHTREE STREET, SUITE 900, ATLANTA GA 30309
Koch Industries Inc 10 percent owner 4111 EAST 37TH STREET NORTH, WICHITA KS 67220