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GROV (Grove Collaborative Holdings) EBIT : $-8.9 Mil (TTM As of Sep. 2024)


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What is Grove Collaborative Holdings EBIT?

Grove Collaborative Holdings's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $1.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-8.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grove Collaborative Holdings's annualized ROC % for the quarter that ended in Sep. 2024 was -67.39%. Grove Collaborative Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 28.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grove Collaborative Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -11.32%.


Grove Collaborative Holdings EBIT Historical Data

The historical data trend for Grove Collaborative 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.

Grove Collaborative Holdings EBIT Chart

Grove Collaborative Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-159.41 -66.61 -130.64 -77.98 -27.12

Grove Collaborative Holdings Quarterly Data
Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -5.66 -5.32 0.75 -5.93 1.62

Competitive Comparison of Grove Collaborative Holdings's EBIT

For the Household & Personal Products subindustry, Grove Collaborative 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.


Grove Collaborative Holdings's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grove Collaborative Holdings's EV-to-EBIT distribution charts can be found below:

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



Grove Collaborative 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.9 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.


Grove Collaborative Holdings  (NYSE:GROV) EBIT Explanation

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

Grove Collaborative Holdings'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 )
=-26.984 * ( 1 - -0.83% )/( (35.477 + 45.27)/ 2 )
=-27.2079672/40.3735
=-67.39 %

where

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

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

Grove Collaborative Holdings'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 )
=6.468/( ( (15.739 + max(6.839, 0)) + (19.609 + max(2.698, 0)) )/ 2 )
=6.468/( ( 22.578 + 22.307 )/ 2 )
=6.468/22.4425
=28.82 %

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 + 27.842 + 6.677) - (17.491 + 6.886 + 3.303)
=6.839

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 24.546 + 6.533) - (17.668 + 6.77 + 3.943)
=2.698

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-8.885/78.493
=-11.32 %

* 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.


Grove Collaborative Holdings EBIT Related Terms

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Grove Collaborative Holdings Business Description

Traded in Other Exchanges
N/A
Address
1301 Sansome Street, San Francisco, CA, USA, 94111
Grove Collaborative Holdings Inc is engaged in providing consumer products. It offers Cleaning accessories, Home and Pantry, Personal care products, Pets supplements and Other products.
Executives
Christopher Clark director, officer: Chief Digital Officer C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
John B Replogle director C/O SEALY CORPORATION, ONE OFFICE PARKWAY, TRINITY NC 27370
Stuart Landesberg director, 10 percent owner, officer: President & CEO C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Mayfield Xv, A Cayman Islands Exempted Limited Partnership 10 percent owner 2484 SAND HILL ROAD, MENLO PARK CA 94025
David A. Glazer director C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Sergio Cervantes officer: Chief Financial Officer C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Jennie Perry officer: Chief Marketing Officer C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Sculptor Master Fund, Ltd. 10 percent owner 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Kevin Michael Cleary director C/O GROVE COLLABORATIVE HOLDINGS, INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Oz Enhanced Master Fund, Ltd. 10 percent owner 9 WEST 57TH STREET, 39 FL., NEW YORK NY 10019
Sculptor Special Funding, Lp 10 percent owner 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Sculptor Capital Holding Corp 10 percent owner 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Sculptor Capital Holding Ii Llc 10 percent owner 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Jon Erik Kossow 10 percent owner 525 UNIVERSITY AVENUE, SUITE 800, PALO ALTO CA 94025
Kristine E Miller director C/O CABLE ONE, INC., 210 E EARLL DRIVE, PHOENIX AZ 85012