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The RealReal's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-19.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-157.5 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The RealReal's annualized ROC % for the quarter that ended in Dec. 2023 was -18.22%. The RealReal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -38.73%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. The RealReal's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -20.64%.
The historical data trend for The RealReal'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.
The RealReal Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
EBIT | Get a 7-Day Free Trial | -97.61 | -170.47 | -214.52 | -185.80 | -157.49 |
The RealReal 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 | -36.08 | -79.75 | -38.54 | -20.23 | -18.97 |
For the Luxury Goods subindustry, The RealReal'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 Retail - Cyclical industry and Consumer Cyclical sector, The RealReal's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where The RealReal'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 $-157.5 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.
The RealReal (NAS:REAL) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
The RealReal'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 ) |
= | -54.624 * ( 1 - -0.17% ) | / | ( (307.018 | + | 293.535) | / 2 ) |
= | -54.7168608 | / | 300.2765 | |||
= | -18.22 % |
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 | )) |
= | 452.681 | - | 92.626 | - | ( 170.811 | - | max(0, 176.928 | - | 229.965 | + | 170.811 | )) |
= | 307.018 |
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 | )) |
= | 446.923 | - | 106.303 | - | ( 175.709 | - | max(0, 188.862 | - | 235.947 | + | 175.709 | )) |
= | 293.535 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
The RealReal'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 ) |
= | -75.896 | / | ( ( (201.486 + max(-97.918, 0)) | + | (190.435 + max(-108.53, 0)) ) | / | 2 ) |
= | -75.896 | / | ( ( 201.486 | + | 190.435 ) | / | 2 ) |
= | -75.896 | / | 195.9605 | ||||
= | -38.73 % |
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) |
= | (13.564 | + | 24.657 | + | 20.933) | - | (92.626 | + | 1.646 | + | 62.8) |
= | -97.918 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (17.226 | + | 22.246 | + | 20.766) | - | (106.303 | + | 2.214 | + | 60.251) |
= | -108.53 |
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:
The RealReal's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2023 ) |
= | -157.488 | / | 762.851 | |
= | -20.64 % |
* 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 The RealReal's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
John E Koryl | director, officer: Chief Executive Officer | 55 FRANCISCO STREET 4TH FLOOR, SAN FRANCISCO CA 94133 |
Levesque Rati Sahi | officer: Chief Operating Officer | 55 FRANCISCO, SAN FRANCISCO CA 94133 |
Robert J Krolik | director | 873 SANTA CRUZ AVE, SUITE 206, MENLO PARK CA 94025 |
Luke Thomas Friang | officer: Chief Product & Tech Officer | 20614 NE 38TH STREET, SAMMAMISH WA 98074 |
Todd A Suko | officer: Chief Legal Officer and Secy. | 7251 WEST 4TH STREET, GREELEY CO 80634 |
Steve Ming Lo | officer: VP, Corporate Controller | 55 FRANCISCO ST, 6TH FLOOR, SAN FRANCISCO CA 94133 |
Robert K. Julian | officer: Chief Financial Officer | C/O SPORTSMAN'S WAREHOUSE, 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047 |
James R. Miller | director | 4050 EAST COTTON CENTER BLVD. 6-68, PHOENIX AZ 85040 |
Julie Wainwright | director, officer: CEO, President and Chairperson | C/O THE REALREAL, INC., 55 FRANCISCO STREET, SUITE 600, SAN FRANCISCO CA 94133 |
Arnon Katz | officer: Chief Product & Technology Off | 3331 VERDUN AVE, SAN MATEO CA 94403 |
Matt Gustke | officer: Chief Financial Officer | 55 FRANCISCO ST, 6TH FLOOR, SAN FRANCISCO CA 94133 |
Karen Katz | director | |
Fredrik Bjork | officer: Chief Technology Officer | 55 FRANCISCO ST, 6TH FLOOR, SAN FRANCISCO CA 94133 |
Baird Gilbert L. Iii | director | 5075 S. SYRACUSE ST., DENVER CO 80237 |
Michael Andrew Kumin | director | C/O GREAT HILL PARTNERS, L.P., 200 CLARENDON STREET, 29TH FLOOR, BOSTON MA 02116 |
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