Casper Sleep (Casper Sleep) EBIT : $-80.6 Mil (TTM As of Sep. 2021)

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What is Casper Sleep EBIT?

Casper Sleep's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2021 was $-23.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2021 was $-80.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Casper Sleep's annualized ROC % for the quarter that ended in Sep. 2021 was -89.72%. Casper Sleep's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was -165.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Casper Sleep's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was -26.34%.

Casper Sleep EBIT Historical Data

The historical data trend for Casper Sleep'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.

Casper Sleep EBIT Chart

Casper Sleep Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

EBIT

-71.26

-91.96

-87.52

-74.99

Casper Sleep Quarterly Data
	Dec17	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
EBIT	Get a 7-Day Free Trial								-13.71	-6.95	-18.65	-31.95	-23.05

Competitive Comparison of Casper Sleep's EBIT

For the Specialty Retail subindustry, Casper Sleep'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.

Casper Sleep's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Casper Sleep's EV-to-EBIT distribution charts can be found below:

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

Casper Sleep 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-80.6 Mil.

Casper Sleep (NYSE:CSPR) EBIT Explanation

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

Casper Sleep's annualized ROC % for the quarter that ended in Sep. 2021 is calculated as:

	ROC % (Q: Sep. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2021 )	+	Invested Capital (Q: Sep. 2021 ))	/ count )
=	-82.676 * ( 1 - -0.06% )	/	( (91.154	+	93.247)	/ 2 )
=	-82.7256056	/	92.2005
=	-89.72 %

where

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	211.127	-	123.467	-	( 49.658	-	max(0, 157.345	-	153.851	+	49.658	))
=	91.154

	Invested Capital		(Q: Sep. 2021 )
=	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	))
=	220.002	-	150.679	-	( 43.102	-	max(0, 187.009	-	163.085	+	43.102	))
=	93.247

Note: The Operating Income data used here is four times the quarterly (Sep. 2021) data.

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

Casper Sleep's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2021		Q: Sep. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-92.184	/	( ( (55.934 + max(-37.152, 0))	+	(55.57 + max(-51.026, 0)) )	/	2 )
=	-92.184	/	( ( 55.934	+	55.57 )	/	2 )
=	-92.184	/	55.752
=	-165.35 %

where Working Capital is:

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(33.045	+	58.05	+	13.098)	-	(123.467	+	9.596	+	8.282)
=	-37.152

	Working Capital		(Q: Sep. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(31.182	+	76.332	+	12.469)	-	(150.679	+	11.59	+	8.74)
=	-51.026

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Casper Sleep's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2021 )
	=	-80.585	/	305.895
	=	-26.34 %

Casper Sleep EBIT Related Terms

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Casper Sleep (Casper Sleep) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Casper Sleep Inc (NYSE:CSPR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

175 Greenwich Street, Three World Trade Center, Floor 39, New York, NY, USA, 10007

Website

https://www.casper.com

Casper Sleep Inc is a provider of sleep products to consumers through various sales channels. The company operates in one segment within the United States, Canada and Europe. It distributes products through an e-commerce platform, plus more than fifty Casper retail stores.

Executives

Michael P. Monahan	officer: Chief Financial Officer	9 PENARTH ROAD, BALA CYNWYD PA 19004
Neil Parikh	director, officer: Chief Strategy Officer	C/O CASPER SLEEP, INC., 175 GREENWICH ST THREE WORLD TRADE CENTER, FLOOR 39 NEW YORK NY 10007
Emilie Arel	officer: CCO & President	C/O CASPER SLEEP INC., 175 GREENWICH ST., THREE WORLD TRADE CENTER, FLOOR 39, NEW YORK NY 10007
Philip Krim	director, officer: Chief Executive Officer	C/O CASPER SLEEP INC., 175 GREENWICH ST., THREE WORLD TRADE CENTER, FLOOR 39, NEW YORK NY 10007
Jeffery R. Chapin	officer: Chief Product Officer	C/O CASPER SLEEP INC., 175 GREENWICH STR THREE WORLD TRADE CENTER, FLOOR 39 NEW YORK NY 10007
Stuart B Brown	officer: Interim CFO	518 17TH STREET, SUITE 1700, DENVER CO 80202
Jack R Lazar	director	400 W. CESAR CHAVEZ, ATTN: STOCK ADMINISTRATION, AUSTIN TX 78701
New Enterprise Associates 14, L.p.	10 percent owner	1954 GREENSPRING DRIVE, SUITE 600, TIMONIUM MD 21093
Florence Anthony A. Jr.	director, 10 percent owner	5425 WISCONSIN AVENUE, SUITE 800, CHEVY CHASE MD 20815
Patrick J Kerins	10 percent owner
Nea Partners 14, L.p.	10 percent owner	1954 GREENSPRING DRIVE, SUITE 600, TIMONIUM MD 21093
Nea 14 Gp, Ltd	10 percent owner	1954 GREENSPRING DRIVE, SUITE 600, TIMONIUM MD 21093
Karen Katz	director
Gregory J Macfarlane	officer: CFO & COO	H&R BLOCK, ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Diane M Irvine	director	C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105