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Smartsheet (Smartsheet) EBIT : $-120.3 Mil (TTM As of Jan. 2024)


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What is Smartsheet EBIT?

Smartsheet's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $-16.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $-120.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Smartsheet's annualized ROC % for the quarter that ended in Jan. 2024 was -6.41%. Smartsheet's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -80.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Smartsheet's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -2.59%.


Smartsheet EBIT Historical Data

The historical data trend for Smartsheet'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.

Smartsheet EBIT Chart

Smartsheet Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
EBIT
Get a 7-Day Free Trial Premium Member Only -103.77 -120.47 -170.04 -221.64 -120.28

Smartsheet 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -44.42 -32.12 -36.15 -35.45 -16.57

Competitive Comparison of Smartsheet's EBIT

For the Software - Application subindustry, Smartsheet'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.


Smartsheet's EV-to-EBIT Distribution in the Software Industry

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

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



Smartsheet 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 $-120.3 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.


Smartsheet  (NYSE:SMAR) EBIT Explanation

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

Smartsheet'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 )
=-66.28 * ( 1 - 1.24% )/( (975.904 + 1067.989)/ 2 )
=-65.458128/1021.9465
=-6.41 %

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))
=1203.233 - 32.263 - ( 568.739 - max(0, 606.773 - 801.839+568.739))
=975.904

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))
=1337.479 - 33.471 - ( 628.795 - max(0, 695.85 - 931.869+628.795))
=1067.989

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

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

Smartsheet'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 )
=-66.28/( ( (83.761 + max(-357.216, 0)) + (81.842 + max(-376.52, 0)) )/ 2 )
=-66.28/( ( 83.761 + 81.842 )/ 2 )
=-66.28/82.8015
=-80.05 %

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)
=(179.475 + 0 + 53.625) - (32.263 + 482.898 + 75.155)
=-357.216

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(238.708 + 0 + 64.366) - (33.471 + 568.67 + 77.453)
=-376.52

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2024 )
=-120.282/4652.753
=-2.59 %

* 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.


Smartsheet EBIT Related Terms

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


Smartsheet (Smartsheet) Business Description

Traded in Other Exchanges
Address
500 108th Avenue North East, Suite 200, Bellevue, WA, USA, 98004
Smartsheet is a provider of collaborative work management software delivered via a cloud-based, software-as-a-service model. The firm's solution offers scalable, dynamic tools to improve the efficiency of project and process management across countless use cases. Smartsheet's offering supports workflow management across teams, provides real-time visibility into projects, and reporting and automation capabilities. The firm generates revenue via software subscriptions on a per-user basis, and incremental charges for added platform capabilities.
Executives
Jolene Lau Marshall officer: Chief Legal Officer C/O SMARTSHEET INC., 10500 NE 8TH STREET, #1, BELLEVUE WA 98004
Michael Arntz officer: Chief Revenue Officer C/O SMARTSHEET INC., 10500 NE 8TH ST, STE 1300, BELLEVUE WA 98004
Pete Godbole officer: CFO & Treasurer C/O SMARTSHEET INC., 10500 NE 8TH ST. #1, BELLEVUE WA 98004
Alissa Jamese Abdullah director C/O SMARTSHEET INC., 10500 NE 8TH ST. #1300, BELLEVUE WA 98004
Mark Patrick Mader director, officer: President and CEO 3514 45TH AVE NE, SEATTLE WA 98105
James N White director 755 PAGE MILL ROAD, SUITE A-200, PALO ALTO CA 94304-1005
Geoffrey T Barker director 1 MARKET PLAZA, STEUART TOWER, SUITE 800, SAN FRANCISCO CA 94105
Khozema Shipchandler director C/O PIVOTAL SOFTWARE, INC., 875 HOWARD STREET, FIFTH FLOOR, SAN FRANCISCO CA 94103
Michael P Gregoire director C/O CA, INC., ONE CA PLAZA, ISLANDIA NY 11749
Stephen Robert Branstetter officer: Chief Operating Officer C/O SMARTSHEET INC., 10500 NE 8TH STREET, #1, BELLEVUE WA 98004
Elena Gomez director TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215
Megan Hansen officer: Chief People & Culture Officer C/O SMARTSHEET INC., 10500 NE 8TH ST. #1300, BELLEVUE WA 98004
Dennis M Durkin director C/O ACTIVISION BLIZZARD, INC., 3100 OCEAN PARK BLVD, SANTA MONICA CA 90405
Andrew Lee Bennett officer: Chief Marketing Officer C/O SMARTSHEET INC., 10500 NE 8TH STREET, #1, BELLEVUE WA 98004
Matthew S Mcilwain director 1000 SECOND AVENUE, SUITE 3700, SEATTLE WA 98104