WeCommerce Holdings (TSXV:WE) EBIT : C$-19.38 Mil (TTM As of Dec. 2022)

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What is WeCommerce Holdings EBIT?

WeCommerce Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was C$-11.30 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was C$-19.38 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. WeCommerce Holdings's annualized ROC % for the quarter that ended in Dec. 2022 was -1.65%. WeCommerce Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -23,671.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. WeCommerce Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -8.83%.

WeCommerce Holdings EBIT Historical Data

The historical data trend for WeCommerce 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.

WeCommerce Holdings EBIT Chart

WeCommerce Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

EBIT

0.98

-3.17

2.51

-19.38

WeCommerce Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
EBIT	Get a 7-Day Free Trial									4.95	1.43	-3.91	-5.59	-11.30

Competitive Comparison of WeCommerce Holdings's EBIT

For the Software - Application subindustry, WeCommerce 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.

WeCommerce Holdings's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, WeCommerce Holdings's EV-to-EBIT distribution charts can be found below:

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

WeCommerce 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-19.38 Mil.

WeCommerce Holdings (TSXV:WE) EBIT Explanation

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

WeCommerce Holdings's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	-2.916 * ( 1 - 0.17% )	/	( (185.796	+	167.486)	/ 2 )
=	-2.9110428	/	176.641
=	-1.65 %

where

	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	))
=	189.729	-	5.213	-	( 10.505	-	max(0, 16.306	-	15.026	+	10.505	))
=	185.796

	Invested Capital		(Q: Dec. 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	))
=	171.72	-	5.75	-	( 10.947	-	max(0, 15.85	-	14.334	+	10.947	))
=	167.486

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

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

WeCommerce Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-45.212	/	( ( (0.199 + max(-6.339, 0))	+	(0.183 + max(-7.96, 0)) )	/	2 )
=	-45.212	/	( ( 0.199	+	0.183 )	/	2 )
=	-45.212	/	0.191
=	-23,671.20 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.125	+	0	+	2.227)	-	(5.213	+	4.111	+	1.367)
=	-6.339

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.04	+	0	+	1.069)	-	(5.75	+	3.882	+	1.437)
=	-7.96

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	-19.375	/	219.377
	=	-8.83 %

WeCommerce Holdings EBIT Related Terms

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WeCommerce Holdings (TSXV:WE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WeCommerce Holdings Ltd (TSXV:WE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

329 Howe Street, PMB 2066, Victoria, BC, CAN, V6C 3N2

Website

https://www.wecommerce.co

WeCommerce Holdings Ltd is a holding company that owns a family of companies and brands in the Shopify partner ecosystem, including Pixel Union, Out of the Sandbox, Yopify, SuppleApps, Rehash, Stamped and Foursixty. The company's primary focus is to build, grow and acquire businesses that serve the Shopify Partner ecosystem. These businesses consist largely of Software as a Service, Digital Goods and Services businesses. Generally, these businesses build Apps and Themes and run Agencies that support Shopify merchants. The company targets businesses within the Shopify ecosystem due to its confidence in the Shopify platform, the fragmented nature of the ecosystem and the attractive economics that the businesses generally exhibit. Its segments include Themes, Apps and Agency.

WeCommerce Holdings (TSXV:WE) Headlines

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