Vivint Smart Home (Vivint Smart Home) EBIT : $117 Mil (TTM As of Dec. 2022)

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What is Vivint Smart Home EBIT?

Vivint Smart Home's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was $69 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was $117 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vivint Smart Home's annualized ROC % for the quarter that ended in Dec. 2022 was 4.62%. Vivint Smart Home's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 276.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vivint Smart Home's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 2.33%.

Vivint Smart Home EBIT Historical Data

The historical data trend for Vivint Smart Home'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.

Vivint Smart Home EBIT Chart

Vivint Smart Home Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

-229.03

-139.37

-381.07

-118.09

117.37

Vivint Smart Home Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
EBIT	Get a 7-Day Free Trial												-13.48	10.51	34.20	4.06	68.60

Competitive Comparison of Vivint Smart Home's EBIT

For the Security & Protection Services subindustry, Vivint Smart Home'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.

Vivint Smart Home's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Vivint Smart Home's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vivint Smart Home's EV-to-EBIT falls into.

Vivint Smart Home 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 $117 Mil.

Vivint Smart Home (NYSE:VVNT) EBIT Explanation

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

Vivint Smart Home'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 )
=	155.232 * ( 1 - 7.19% )	/	( (3162.388	+	3068.175)	/ 2 )
=	144.0708192	/	3115.2815
=	4.62 %

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	))
=	2958.982	-	324.952	-	( 303.741	-	max(0, 990.119	-	461.761	+	303.741	))
=	3162.388

	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	))
=	2878.542	-	303.074	-	( 283.852	-	max(0, 940.701	-	447.994	+	283.852	))
=	3068.175

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

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

Vivint Smart Home'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 )
=	274.412	/	( ( (100.176 + max(-803.227, 0))	+	(98.448 + max(-747.325, 0)) )	/	2 )
=	274.412	/	( ( 100.176	+	98.448 )	/	2 )
=	274.412	/	99.312
=	276.31 %

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)
=	(53.441	+	76.921	+	27.658)	-	(324.952	+	500.609	+	135.686)
=	-803.227

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(55.694	+	78.541	+	29.907)	-	(303.074	+	507.658	+	100.735)
=	-747.325

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:

Vivint Smart Home's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	117.371	/	5047.683
	=	2.33 %

Vivint Smart Home EBIT Related Terms

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Vivint Smart Home (Vivint Smart Home) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vivint Smart Home Inc (NYSE:VVNT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4931 North 300 West, Provo, UT, USA, 84604

Website

https://www.vivint.com

Vivint Smart Home Inc is a smart home company based in the United States. The Company is engaged in the sale, installation, servicing and monitoring of smart home and security systems. The company's products and services include Home security and automation systems, Smart security cameras, One-touch leaving, Smart security sensors, Smart lighting and temperature control and Constant monitoring and support.

Executives

313 Acquisition Llc	10 percent owner	THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Rasesh M. Patel	officer: Chief Operating Officer	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Dana C Russell	officer: Chief Financial Officer	404 WYMAN STREET, SUITE 500, WALTHAM MA 02451
Michael J Staub	director	BLACKSTONE, INC., 345 PARK AVENUE, NEW YORK NY 10154
Meads Garner B. Iii	officer: See Remarks	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Daniel Garen	officer: See Remarks	5677 AIRLINE ROAD, ARLINGTON TN 38002
Barbara Comstock	director	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
David Bywater	director, officer: Chief Executive Officer	1850 WEST ASHTON BLVD, LEHI UT 84043
Todd R. Pedersen	director, officer: Chief Executive Officer	C/O VIVINT SOLAR, INC., 3301 N. THANKSGIVING WAY, SUITE 500, LEHI UT 84043
Todd M Santiago	officer: EVP, GM of Retail	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Jung Taik Hwang	officer: Chief Technology Officer	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Bcp Voyager Holdings Lp	10 percent owner	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Jeremy B Warren	officer: Chief Technology Officer	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Matthew J Eyring	officer: EVP, GM of Inside Sales	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604