Shiny Health & Wellness (TSXV:SNYB) EBIT : C$-16.75 Mil (TTM As of Oct. 2023)

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What is Shiny Health & Wellness EBIT?

Shiny Health & Wellness's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2023 was C$-5.62 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was C$-16.75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shiny Health & Wellness's annualized ROC % for the quarter that ended in Oct. 2023 was -14.36%. Shiny Health & Wellness's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -327.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shiny Health & Wellness's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -142.72%.

Shiny Health & Wellness EBIT Historical Data

The historical data trend for Shiny Health & Wellness'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.

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Shiny Health & Wellness EBIT Chart

Shiny Health & Wellness Annual Data

Trend

Jan22

Jan23

EBIT

-4.87

-11.56

Shiny Health & Wellness Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
EBIT	Get a 7-Day Free Trial						-1.44	-8.78	-0.61	-1.73	-5.62

Competitive Comparison of Shiny Health & Wellness's EBIT

For the Pharmaceutical Retailers subindustry, Shiny Health & Wellness'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.

Shiny Health & Wellness's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Shiny Health & Wellness's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shiny Health & Wellness's EV-to-EBIT falls into.

Shiny Health & Wellness 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-16.75 Mil.

Shiny Health & Wellness (TSXV:SNYB) EBIT Explanation

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

Shiny Health & Wellness's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	-2.764 * ( 1 - 0% )	/	( (23.889	+	14.598)	/ 2 )
=	-2.764	/	19.2435
=	-14.36 %

where

	Invested Capital		(Q: Jul. 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	))
=	19.939	-	3.777	-	( 0.167	-	max(0, 11.173	-	3.446	+	0.167	))
=	23.889

	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	))
=	11.254	-	4.091	-	( 0.24	-	max(0, 10.337	-	2.902	+	0.24	))
=	14.598

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

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

Shiny Health & Wellness's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-22.488	/	( ( (7.945 + max(-2.647, 0))	+	(5.798 + max(-2.614, 0)) )	/	2 )
=	-22.488	/	( ( 7.945	+	5.798 )	/	2 )
=	-22.488	/	6.8715
=	-327.26 %

where Working Capital is:

	Working Capital		(Q: Jul. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.507	+	0.615	+	2.139)	-	(3.777	+	0	+	2.131)
=	-2.647

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.48	+	0.554	+	1.595)	-	(4.091	+	0	+	1.152)
=	-2.614

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2023) EBIT data.

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

Shiny Health & Wellness's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	-16.745	/	11.733
	=	-142.72 %

Shiny Health & Wellness EBIT Related Terms

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Shiny Health & Wellness (TSXV:SNYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Shiny Health & Wellness Corp (TSXV:SNYB) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Frederick Street, Suite 700, Kitchener, ON, CAN, N2H 6M6

Website

https://www.shinybud.com

Shiny Health & Wellness Corp is on a mission to help people never settle, live fully by being a trusted source for health and wellness solutions and services. The company broadened its retail growth strategy beyond adult-use cannabis by establishing mihi Health & Wellness, a new line of business focused on building a network of community pharmacies across Ontario. It also operates ShinyBud Cannabis Co., a well-established brand in Ontario strategically located in markets less saturated with cannabis retailers.

Shiny Health & Wellness (TSXV:SNYB) Headlines

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