Forbidden Spirits Distilling (TSXV:VDKA.H) EBIT

: C$-3.68 Mil (TTM As of Sep. 2022)

View and export this data going back to 2021. Start your Free Trial

Forbidden Spirits Distilling's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was C$-0.21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was C$-3.68 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forbidden Spirits Distilling's annualized ROC % for the quarter that ended in Sep. 2022 was -30.13%. Forbidden Spirits Distilling's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -32.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forbidden Spirits Distilling's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -177.07%.

Forbidden Spirits Distilling EBIT Historical Data

The historical data trend for Forbidden Spirits Distilling'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.

Forbidden Spirits Distilling Annual Data

Trend

Dec19

Dec20

Dec21

EBIT

-0.91

-0.90

-3.59

Forbidden Spirits Distilling Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial					-0.37	-2.39	-0.55	-0.53	-0.21

Competitive Comparison

For the Beverages - Wineries & Distilleries subindustry, Forbidden Spirits Distilling'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.

Forbidden Spirits Distilling EV-to-EBIT Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Forbidden Spirits Distilling's EV-to-EBIT distribution charts can be found below:

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

Forbidden Spirits Distilling 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-3.68 Mil.

Forbidden Spirits Distilling (TSXV:VDKA.H) EBIT Explanation

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

Forbidden Spirits Distilling's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	-0.848 * ( 1 - 0% )	/	( (2.913	+	2.716)	/ 2 )
=	-0.848	/	2.8145
=	-30.13 %

where

	Invested Capital		(Q: Jun. 2022 )
=	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	))
=	3.677	-	0.74	-	( 0.081	-	max(0, 0.887	-	0.911	+	0.081	))
=	2.913

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	3.59	-	0.797	-	( 0.21	-	max(0, 0.937	-	1.014	+	0.21	))
=	2.716

Note: The Operating Income data used here is four times the quarterly (Sep. 2022) data.

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

Forbidden Spirits Distilling's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.848	/	( ( (2.659 + max(0.09, 0))	+	(2.472 + max(0.007, 0)) )	/	2 )
=	-0.848	/	( ( 2.749	+	2.479 )	/	2 )
=	-0.848	/	2.614
=	-32.44 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.068	+	0.713	+	0.049)	-	(0.74	+	0	+	0)
=	0.09

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.077	+	0.694	+	0.033)	-	(0.797	+	0	+	0)
=	0.007

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

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

Forbidden Spirits Distilling's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-3.676	/	2.076
	=	-177.07 %

Forbidden Spirits Distilling EBIT Related Terms

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

Forbidden Spirits Distilling (TSXV:VDKA.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Forbidden Spirits Distilling Corp (TSXV:VDKA.H) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4400 Wallace Hill Road, Kelowna, BC, CAN, V1W1C3

Website

https://www.forbiddenspirits.ca

Forbidden Spirits Distilling Corp is engaged in manufacturing, marketing, and selling spirits direct to consumers from its online store, as well as direct to off-premises retail liquor stores and direct to on-premises restaurants, hotels, pubs, bars, golf courses, and yacht clubs. Its brands include REBEL Vodka, Eve's Original Gin, Adam's Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka, and Wallace Hill Whisky.

Forbidden Spirits Distilling (TSXV:VDKA.H) Headlines

No Headlines