CULTF (Cult Food Science) EBIT : $-1.46 Mil (TTM As of Sep. 2024)

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What is Cult Food Science EBIT?

Cult Food Science's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-0.49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cult Food Science's annualized ROC % for the quarter that ended in Sep. 2024 was -81.86%. Cult Food Science's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -6,589.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cult Food Science's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -52.67%.

Cult Food Science EBIT Historical Data

The historical data trend for Cult Food Science'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.

Cult Food Science EBIT Chart

Cult Food Science Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-0.16

-1.99

-4.20

-1.97

Cult Food Science Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial														-0.67	-0.27	-0.08	-0.62	-0.49

Competitive Comparison of Cult Food Science's EBIT

For the Packaged Foods subindustry, Cult Food Science'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.

Cult Food Science's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cult Food Science's EV-to-EBIT distribution charts can be found below:

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

Cult Food Science 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.46 Mil.

Cult Food Science (OTCPK:CULTF) EBIT Explanation

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

Cult Food Science's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-3.028 * ( 1 - 0% )	/	( (3.392	+	4.006)	/ 2 )
=	-3.028	/	3.699
=	-81.86 %

where

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	3.673	-	0.336	-	( 0.233	-	max(0, 0.336	-	0.281	+	0.233	))
=	3.392

	Invested Capital		(Q: Sep. 2024 )
=	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	))
=	4.151	-	0.098	-	( 0.047	-	max(0, 0.098	-	0.198	+	0.047	))
=	4.006

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Cult Food Science's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.944	/	( ( (0.003 + max(-0.288, 0))	+	(0.003 + max(0.053, 0)) )	/	2 )
=	-1.944	/	( ( 0.003	+	0.056 )	/	2 )
=	-1.944	/	0.0295
=	-6,589.83 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.048)	-	(0.336	+	0	+	0)
=	-0.288

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.151)	-	(0.098	+	0	+	0)
=	0.053

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Cult Food Science's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-1.46	/	2.772
	=	-52.67 %

Cult Food Science EBIT Related Terms

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Cult Food Science Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cult Food Science Corp (OTCPK:CULTF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

LN00:Germany CULT:Canada

Address

82 Richmond St. E, Toronto, ON, CAN, M5C 1P1

Website

https://www.cultfoodscience.com

Cult Food Science Corp is an investment issuer with an investment platform focused on clean, lab-grown food that is advancing the development of novel technologies to provide a sustainable, environmental, and ethical solution to the factory farming and aquaculture crisis.