The Lovesac Co (The Lovesac Co) EBIT : $30.1 Mil (TTM As of Jan. 2024)

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What is The Lovesac Co EBIT?

The Lovesac Co's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $40.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $30.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Lovesac Co's annualized ROC % for the quarter that ended in Jan. 2024 was 38.31%. The Lovesac Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 60.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Lovesac Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 7.04%.

The Lovesac Co EBIT Historical Data

The historical data trend for The Lovesac Co'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.

The Lovesac Co EBIT Chart

The Lovesac Co Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

EBIT

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-15.81

14.88

40.58

36.97

30.08

The Lovesac Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
EBIT	Get a 7-Day Free Trial															36.48	-5.71	-0.99	-3.61	40.38

Competitive Comparison of The Lovesac Co's EBIT

For the Furnishings, Fixtures & Appliances subindustry, The Lovesac Co'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.

The Lovesac Co's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, The Lovesac Co's EV-to-EBIT distribution charts can be found below:

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

The Lovesac Co 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 $30.1 Mil.

The Lovesac Co (NAS:LOVE) EBIT Explanation

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

The Lovesac Co'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 )
=	161.536 * ( 1 - 24.82% )	/	( (319.277	+	314.673)	/ 2 )
=	121.4427648	/	316.975
=	38.31 %

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	))
=	436.265	-	79.25	-	( 37.738	-	max(0, 105.905	-	184.312	+	37.738	))
=	319.277

	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	))
=	482.18	-	80.471	-	( 87.036	-	max(0, 106.356	-	214.448	+	87.036	))
=	314.673

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

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

The Lovesac Co'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 )
=	161.536	/	( ( (212.334 + max(57.635, 0))	+	(226.663 + max(38.684, 0)) )	/	2 )
=	161.536	/	( ( 269.969	+	265.347 )	/	2 )
=	161.536	/	267.658
=	60.35 %

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)
=	(13.013	+	116.625	+	16.936)	-	(79.25	+	9.689	+	0)
=	57.635

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(13.463	+	98.44	+	15.509)	-	(80.471	+	8.257	+	-1.4210854715202E-14)
=	38.684

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:

The Lovesac Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2024 )
	=	30.076	/	426.918
	=	7.04 %

The Lovesac Co EBIT Related Terms

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The Lovesac Co (The Lovesac Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » The Lovesac Co (NAS:LOVE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Two Landmark Square, Suite 300, Stamford, CT, USA, 06901

Website

https://www.lovesac.com

The Lovesac Co designs, manufactures and sells alternative furniture which is comprised of modular couches called sactionals and premium foam beanbag chairs called sacs. It also offers other accessories such as sactional-specific drink holders, Footsac blankets, decorative pillows, fitted seat tables and ottoman. Its products are sold across the United States through its website or company-owned retail stores which are used in homes and offices. Majority of the firm's revenue gets derives from the sale of Sactionals.

Executives

Andrew R Heyer	director, 10 percent owner	501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
Shawn David Nelson	director, officer: Chief Executive Officer	2 LANDMARK SQUARE, SUITE 300, STAMFORD CT 06820
Satori Capital, Llc	10 percent owner	2501 N. HARWOOD ST., 20TH FLOOR, DALLAS TX 75201
Keith R. Siegner	officer: EVP and CFO	TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Vineet Mehra	director	330 HUDSON STREET, 13TH FLOOR, NEW YORK NY 10013
Sharon M Leite	director	100 PIER 1 PLACE, FT. WORTH TX 76102
Shirley Romig	director	TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Albert Jack Krause	director, officer: President and COO	2 LANDMARK SQUARE, SUITE 300, STAMFORD CT 06820
Walter Field Mclallen	director	1225 17TH AVE SOUTH, NASHVILLE TN 37212
Mary Fox	director	TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Mistral Equity Partners, Lp	10 percent owner	650 FIFTH AVENUE, 31ST FLOOR, New York NY 10019
Mistral Sac Holdings, Llc	10 percent owner	650 FIFTH AVENUE, FLOOR 10, NEW YORK NY 10019
Jared Rubin	director	4300 E. FIFTH AVE., COLUMBUS OH 43219
Sac Acquisition Llc	10 percent owner	700 CANAL STREET, 4TH FLOOR, STAMFORD CT 06902
Donna Dellomo	officer: Executive VP and CFO	35 SAWGRASS DRIVE, SUITE 2, BELLPORT NY 11713