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Avalara (Avalara) EBIT : $-158.8 Mil (TTM As of Jun. 2022)


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What is Avalara EBIT?

Avalara's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $-53.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $-158.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avalara's annualized ROC % for the quarter that ended in Jun. 2022 was -17.23%. Avalara's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -224.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Avalara's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -2.03%.


Avalara EBIT Historical Data

The historical data trend for Avalara'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.

Avalara EBIT Chart

Avalara Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
EBIT
Get a 7-Day Free Trial -62.76 -73.92 -50.71 -63.63 -130.00

Avalara Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 -31.18 -32.34 -42.23 -30.78 -53.46

Competitive Comparison of Avalara's EBIT

For the Software - Application subindustry, Avalara'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.


Avalara's EV-to-EBIT Distribution in the Software Industry

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

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



Avalara 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 Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-158.8 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.


Avalara  (NYSE:AVLR) EBIT Explanation

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

Avalara's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

ROC % (Q: Jun. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2022 ) + Invested Capital (Q: Jun. 2022 ))/ count )
=-223.84 * ( 1 - -1.63% )/( (1305.639 + 1335.457)/ 2 )
=-227.488592/1320.548
=-17.23 %

where

Invested Capital(Q: Mar. 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))
=2673.667 - 170.555 - ( 1481.853 - max(0, 558.097 - 1755.57+1481.853))
=1305.639

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))
=2644.468 - 134.301 - ( 1460.594 - max(0, 538.126 - 1712.836+1460.594))
=1335.457

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

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

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

ROC (Joel Greenblatt) %(Q: Jun. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Jun. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-213.824/( ( (92.593 + max(-272.533, 0)) + (97.639 + max(-273.808, 0)) )/ 2 )
=-213.824/( ( 92.593 + 97.639 )/ 2 )
=-213.824/95.116
=-224.80 %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(115.048 + 0 + 158.669) - (170.555 + 303.393 + 72.302)
=-272.533

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(117.412 + 0 + 134.83) - (134.301 + 307.477 + 84.272)
=-273.808

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2022 )
=-158.802/7836.522
=-2.03 %

* 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.


Avalara EBIT Related Terms

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Avalara (Avalara) Business Description

Traded in Other Exchanges
N/A
Address
255 South King Street, Suite 1800, Seattle, WA, USA, 98104
Avalara Inc provides compliance solutions. It provides software solutions that help businesses of all types and sizes comply with tax requirements for transactions worldwide. The company offers a broad and growing suite of compliance solutions for transaction taxes, such as sales and use tax, VAT, fuel excise tax, beverage alcohol, cross-border taxes, lodging tax, and communications tax. These solutions enable customers to automate the process of determining taxability, identifying applicable tax rates, determining and collecting taxes, preparing and filing returns, remitting taxes, maintaining tax records, and managing compliance documents. It generates revenue in the form of subscriptions and professional services.
Executives
Scott M Mcfarlane director, officer: See Remarks 255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Daniel E. Manning officer: Chief Accounting Officer 255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Ross Tennenbaum officer: See Remarks 255 S KING ST, STE 1800, SEATTLE WA 98104
Alesia Lee Pinney officer: See Remarks AVALARA, INC., 255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Amit Mathradas officer: See Remarks 255 S KING ST, STE 1800, SEATTLE WA 98104
Marcela Martin director C/O SQUARESPACE, INC., 225 VARICK STREET, 12TH FLOOR, NEW YORK NY 10014
Rajeev Singh director 6222 185TH AVENUE NE, REDMOND WA 98052
Bruce T Crawford director 255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Srinivas Tallapragada director THE LANDMARK AT ONE MARKET STREET, #300, SAN FRANCISCO CA 94105
Kathleen Zwickert director 255 S KING ST, STE 1800, SEATTLE WA 98104
William Ingram officer: See Remarks C/O LEAP WIRELESS INTERNATIONAL, INC., 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Marion R Foote director C/O KINETA, INC., 219 TERRY AVE. N., SUITE 300, SEATTLE WA 98109
Edward A Gilhuly director, 10 percent owner C/O SAGEVIEW CAPITAL LP, 245 LYTTON AVENUE, SUITE 250, PALO ALTO CA 94301
Chelsea R. Stoner director C/O AVALARA, INC., 255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Brian Sharples director 1250 CAPITAL OF TX HWY, BLDG 2, PLAZA 1, AUSTIN TX 78746