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Natera's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-75 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-422 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Natera's annualized ROC % for the quarter that ended in Dec. 2023 was -83.15%. Natera's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -95.24%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Natera's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.94%.
The historical data trend for Natera'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.
Natera Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | -112.14 | -214.56 | -462.79 | -537.50 | -421.89 |
Natera 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 | -139.40 | -133.72 | -107.91 | -105.58 | -74.69 |
For the Diagnostics & Research subindustry, Natera'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.
For the Medical Diagnostics & Research industry and Healthcare sector, Natera's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Natera's EV-to-EBIT falls into.
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 $-422 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.
Natera (NAS:NTRA) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Natera'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 ) |
= | -338.144 * ( 1 - -0.25% ) | / | ( (382.149 | + | 433.185) | / 2 ) |
= | -338.98936 | / | 407.667 | |||
= | -83.15 % |
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 | )) |
= | 1446.52 | - | 127.814 | - | ( 936.557 | - | max(0, 289.923 | - | 1267.276 | + | 936.557 | )) |
= | 382.149 |
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 | )) |
= | 1441.699 | - | 129.537 | - | ( 878.977 | - | max(0, 307.274 | - | 1258.549 | + | 878.977 | )) |
= | 433.185 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
Natera'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 ) |
= | -298.768 | / | ( ( (163.036 + max(132.269, 0)) | + | (167.747 + max(164.321, 0)) ) | / | 2 ) |
= | -298.768 | / | ( ( 295.305 | + | 332.068 ) | / | 2 ) |
= | -298.768 | / | 313.6865 | ||||
= | -95.24 % |
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) |
= | (255.147 | + | 42.076 | + | 33.496) | - | (127.814 | + | 15.012 | + | 55.624) |
= | 132.269 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (278.289 | + | 40.759 | + | 60.524) | - | (129.537 | + | 16.612 | + | 69.102) |
= | 164.321 |
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:
Natera's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2023 ) |
= | -421.892 | / | 10721.225 | |
= | -3.94 % |
* 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.
Thank you for viewing the detailed overview of Natera's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Burkes Brophy | officer: Chief Financial Officer | 201 INDUSTRIAL ROAD, SUITE 410, SAN CARLOS CA 94070 |
Steven Leonard Chapman | officer: Chief Operating Officer | 201 INDUSTRIAL ROAD, SUITE 410, SAN CARLOS CA 94070 |
Daniel Rabinowitz | officer: CHIEF LEGAL OFFICER | C/O NATERA, INC., 13011 MCCALLEN PASS BUILDING A SUITE 100, AUSTIN TX 78753 |
Jonathan Sheena | director, officer: Chief Technology Officer | C/O NATERA, INC., 201 INDUSTRIAL ROAD, SUITE 410, SAN CARLOS CA 94070 |
James Healy | director | 3000 SAND HILL ROAD, 4-250, MENLO PARK CA 94025 |
Gail Boxer Marcus | director | 201 INDUSTRIAL ROAD, SUITE 410, SAN CARLOS CA 94070 |
Rowan E Chapman | director | 201 INDUSTRIAL ROAD, SUITE 410, SAN CARLOS CA 94070 |
Matthew Rabinowitz | director, officer: Chief Executive Officer | C/O NATERA, INC., 201 INDUSTRIAL ROAD, SUITE 410, SAN CARLOS CA 94070 |
Brinkley Ruth Williams | director | C/O TRAVERE THERAPEUTICS, INC., 3611 VALLEY CENTRE DRIVE, SUITE 300, SAN DIEGO CA 92130 |
Robert Alan Schueren | officer: Chief Operating Officer | 7400 PASEO PADRE PARKWAY, FREMONT CA 94555 |
Roelof Botha | director | C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025 |
Herm Rosenman | officer: Chief Financial Officer | OXFORD IMMUNOTEC GLOBAL PLC, 94C INNOVATION DRIVE, HILTON PARK, SAN DIEGO X0 OX14 4RZ |
Todd C Cozzens | director | ONE FEDERAL STREET, 25TH FLOOR, BOSTON MA 02110 |
Monica Bertagnolli | director | C/O LEAP THERAPEUTICS, INC., 47 THORNDIKE STREET, SUITE B1-1, CAMBRIDGE MA 02141 |
Roy D. Baynes | director | C/O RETROPHIN, INC., 12255 EL CAMINO REAL, SUITE 250, SAN DIEGO CA 92130 |
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