Luna Innovations (Luna Innovations) EBIT : $0.4 Mil (TTM As of Sep. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Luna Innovations EBIT?

Luna Innovations's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $1.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $0.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Luna Innovations's annualized ROC % for the quarter that ended in Sep. 2023 was 2.32%. Luna Innovations's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 7.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Luna Innovations's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 0.43%.

Luna Innovations EBIT Historical Data

The historical data trend for Luna Innovations'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.

Luna Innovations EBIT Chart

Luna Innovations Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

Get a 7-Day Free Trial

1.39

3.70

0.95

-2.63

-1.66

Luna Innovations 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															1.55	1.54	-2.04	-0.32	1.27

Competitive Comparison of Luna Innovations's EBIT

For the Scientific & Technical Instruments subindustry, Luna Innovations'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.

Luna Innovations's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Luna Innovations's EV-to-EBIT distribution charts can be found below:

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

Luna Innovations 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 $0.4 Mil.

Luna Innovations (NAS:LUNA) EBIT Explanation

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

Luna Innovations'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 )
=	4.608 * ( 1 - 29.51% )	/	( (137.761	+	142.808)	/ 2 )
=	3.2481792	/	140.2845
=	2.32 %

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	))
=	155.131	-	14.093	-	( 3.277	-	max(0, 30.043	-	93.853	+	3.277	))
=	137.761

	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	))
=	165.094	-	16.258	-	( 6.028	-	max(0, 35.01	-	100.181	+	6.028	))
=	142.808

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

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

Luna Innovations'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 )
=	5.068	/	( ( (8.431 + max(55.881, 0))	+	(12.891 + max(56.888, 0)) )	/	2 )
=	5.068	/	( ( 64.312	+	69.779 )	/	2 )
=	5.068	/	67.0455
=	7.56 %

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)
=	(33.813	+	42.003	+	5.159)	-	(14.093	+	3.463	+	7.538)
=	55.881

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(39.304	+	43.318	+	4.207)	-	(16.258	+	4.619	+	9.064)
=	56.888

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	0.442	/	103.153
	=	0.43 %

Luna Innovations EBIT Related Terms

Thank you for viewing the detailed overview of Luna Innovations's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Luna Innovations (Luna Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Luna Innovations Inc (NAS:LUNA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

301 1st Street South West, Suite 200, Roanoke, VA, USA, 24011

Website

https://www.lunainc.com

Luna Innovations Inc is engaged in optical technology, providing high-performance fiber optic test, measurement, and control products for the telecommunications, and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, oil, and gas, security, and infrastructure. Its Lightwave segment develops, manufactures, and markets optical measurements technologies like Sensing including short, medium, and long-range distributed fiber optic sensing solutions and Terahertz measurement products, and Communications test and photonic control including test equipment for communications devices and networks and specialty laser and photonic components. It derives a majority of its revenue from the U.S.

Executives

George Gomez-quintero	officer: Chief Financial Officer	LUNA INNOVATIONS INCORPORATED, 301 FIRST STREET SW, SUITE 200, ROANOKE VA 24011
Pamela L Coe	director	C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Brian Soller	officer: Chief Operating Officer	301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011
Gene Nestro	officer: Chief Financial Officer	C/O LUNA INNOVATIONS, INC., 301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011
Clinic Carilion	10 percent owner	EDWARD MURPHY, M.D., 213 SOUTH JEFFERSON STREET, SUITE 807, ROANOKE VA 24011
Mary Beth Vitale	director	821 17TH STREET, DENVER CO 80202
Dale E Messick	officer: Chief Financial Officer	LUNA INNOVATIONS INCORPORATED, 2851 COMMERCE STREET, BLACKSBURG VA 24060
Scott A Graeff	officer: CFO, Executive VP Corp. Dev.	LUNA INNOVATIONS INCORPORATED, 2851 COMMERCE STREET, BLACKSBURG VA 24060
Barry Phelps	director	26750 AGOURA RD, CALABASAS CA 91302
Michael W. Wise	director	C/O LUNA INNOVATIONS INCORPORATED, 1 RIVERSIDE CIRCLE, SUITE 400, ROANOKE VA 24016
Richard Roedel	director	164 WEST RD, NEW CANAAN CT 06840
Donald Pastor	director	2925 BOARDWALK, ANN ARBOR MI 48104
Gary Spiegel	director
Coringrato Edward J Jr.	director	301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011
Wilkin Neil D Jr	director