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Tofutti Brands (Tofutti Brands) EBIT : $-0.24 Mil (TTM As of Dec. 2023)


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What is Tofutti Brands EBIT?

Tofutti Brands's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tofutti Brands's annualized ROC % for the quarter that ended in Dec. 2023 was -7.35%. Tofutti Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tofutti Brands's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -7.15%.


Tofutti Brands EBIT Historical Data

The historical data trend for Tofutti Brands'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.

Tofutti Brands EBIT Chart

Tofutti Brands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.88 0.24 -0.75 -0.24

Tofutti Brands 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 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 -0.43 -0.09 -0.18 0.11 -0.08

Competitive Comparison of Tofutti Brands's EBIT

For the Packaged Foods subindustry, Tofutti Brands'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.


Tofutti Brands's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tofutti Brands's EV-to-EBIT distribution charts can be found below:

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



Tofutti Brands 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 $-0.24 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.


Tofutti Brands  (OTCPK:TOFB) EBIT Explanation

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

Tofutti Brands'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 )
=-0.316 * ( 1 - 28.21% )/( (3.177 + 3)/ 2 )
=-0.2268564/3.0885
=-7.35 %

where

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

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

Tofutti Brands'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 )
=-0.316/( ( (0.14 + max(2.835, 0)) + (0.117 + max(2.618, 0)) )/ 2 )
=-0.316/( ( 2.975 + 2.735 )/ 2 )
=-0.316/2.855
=-11.07 %

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)
=(0.986 + 2.547 + 0.087) - (0.785 + 0 + 0)
=2.835

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.828 + 2.475 + 0.093) - (0.778 + 0 + 0)
=2.618

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-0.238/3.331
=-7.15 %

* 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.


Tofutti Brands EBIT Related Terms

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Tofutti Brands (Tofutti Brands) Business Description

Traded in Other Exchanges
N/A
Address
50 Jackson Drive, Cranford, NJ, USA, 07016
Tofutti Brands Inc is engaged in the development, production, and marketing of TOFUTTI brand non-dairy frozen desserts and other food products. It offers soy-based products, plant-based, dairy vegan, frozen desserts, soy-based cheeses and spreads, and other frozen food products. The company sells its dairy-free frozen dessert products, frozen entrees, and soy-cheese products in majorly markets in the United States, including Atlanta, Baltimore, Boston, Charlotte, Chicago, Cincinnati, and Cleveland. It distributes all of its products by common carrier or by allowing customers to pick up products from outside storage facilities.
Executives
Efraim Mintz director TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07106
Joseph N Himy director 13-01 POLLITT DRIVE, FAIR LAWN NJ 07410
Scott Korman director C/O NASHONE, INC., 175 ELM ROAD, ENGLEWOOD NJ 07361
Neal S Axelrod director C/O TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07016
Steven Kass officer: Chief Financial Officer 50 JACKSON DRIVE, CRANFORD NJ 07016
Philip Gotthelf director C/O TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07016
Aron Forem director C/O WUHL SHAFMAN LIEBERMAN CO., 52-62 CORNELIA STREET, NEWARK NJ 07105
Joseph K Fischer director 50 JACKSON DRIVE, CRANFORD NJ 7016
Franklyn H Snitow director 575 LEXINGTON AVE, NEW YORK NY 10017
Jeremy Wiesen director
Reuben Rapoport director, officer: Director-Product Development
David Mintz director, 10 percent owner, officer: President & Chairman 50 JACKSON DRIVE, CRANFORD NJ 07016

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