Star Equity Holdings (Star Equity Holdings) EBIT : $-3.87 Mil (TTM As of Dec. 2023)

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What is Star Equity Holdings EBIT?

Star Equity Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-3.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Star Equity Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -12.82%. Star Equity Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -25.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Star Equity Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -28.24%.

Star Equity Holdings EBIT Historical Data

The historical data trend for Star Equity Holdings'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.

Star Equity Holdings EBIT Chart

Star Equity Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-2.19

-3.86

-7.97

-3.54

-4.35

Star Equity Holdings 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															0.75	0.63	-2.04	-1.66	-0.80

Competitive Comparison of Star Equity Holdings's EBIT

For the Diagnostics & Research subindustry, Star Equity Holdings'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.

Star Equity Holdings's EV-to-EBIT Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Star Equity Holdings's EV-to-EBIT distribution charts can be found below:

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

Star Equity Holdings 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.87 Mil.

Star Equity Holdings (NAS:STRR) EBIT Explanation

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

Star Equity Holdings'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 )
=	-3.204 * ( 1 - -88.14% )	/	( (44.693	+	49.38)	/ 2 )
=	-6.0280056	/	47.0365
=	-12.82 %

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	))
=	72.262	-	2.569	-	( 25	-	max(0, 6.761	-	34.613	+	25	))
=	44.693

	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	))
=	75.496	-	2.952	-	( 23.164	-	max(0, 8.734	-	34.806	+	23.164	))
=	49.38

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

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

Star Equity Holdings'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 )
=	-3.204	/	( ( (6.786 + max(3.615, 0))	+	(9.298 + max(4.973, 0)) )	/	2 )
=	-3.204	/	( ( 10.401	+	14.271 )	/	2 )
=	-3.204	/	12.336
=	-25.97 %

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)
=	(3.727	+	4.243	+	1.42)	-	(2.569	+	1.479	+	1.727)
=	3.615

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.004	+	3.42	+	1.819)	-	(2.952	+	1.377	+	1.941)
=	4.973

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:

Star Equity Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.868	/	13.696
	=	-28.24 %

Star Equity Holdings EBIT Related Terms

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Star Equity Holdings (Star Equity Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Star Equity Holdings Inc (NAS:STRR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

STRRP.PFD:USA

Address

53 Forest Avenue, Suite 101, Old Greenwich, CT, USA, 06870

Website

https://www.starequity.com

Star Equity Holdings Inc is a multi-industry diversified holding company with three segments; Healthcare segment provides products and services in the area of nuclear medicine imaging with a focus on cardiac health. It provides imaging services to healthcare providers using a fleet of solid-state gamma cameras and also the manufacturing, distribution, and maintenance of gamma cameras, The construction segment manufactures modular housing units for commercial and residential applications. It operates in two businesses: modular building manufacturing and structural wall panel and wood foundation manufacturing, including building supply retail operations, and The investments segment generates intercompany revenue from the lease of commercial properties and equipment.

Executives

Thatcher Butcher	officer: President - KBS	C/O STAR EQUITY HOLDINGS, INC., 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Coleman Richard Kenneth Jr.	officer: Chief Operating Officer	53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870
Ronald A. Schumacher	officer: Exec Chairman - EdgeBuilder	C/O STAR EQUITY HOLDINGS, INC., 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Jeffrey E. Eberwein	director	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Mitchell I Quain	director	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
John W Gildea	director	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Hannah M. Bible	officer: Chief Legal Officer	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Michael A. Cunnion	director	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
David James Noble	officer: Chief Operating Officer	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Matthew G. Molchan	officer: President and CEO	1048 INDUSTRIAL COURT, SUWANEE GA 30024
Cannell Capital Llc	10 percent owner	245 MERIWETHER CIRCLE, ALTA WY 83414
John M Climaco	director	PO BOX 326, PARK CITY UT 84060
Virgil Lott	officer: President, Diagnostic Imaging	1048 INDUSTRIAL COURT, SUWANEE GA 30024
Michael Debeauvernet	officer: General Manager,Mobile Imaging	C/O DIGIRAD CORPORATION, 1048 INDUSTRIAL COURT, SUWANEE GA 30024
Jeffry R. Keyes	officer: Chief Financial Officer	13950 STOWE DRIVE, POWAY CA 92064-8803