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Healthcare Triangle (Healthcare Triangle) EBIT : $-9.85 Mil (TTM As of Mar. 2024)


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What is Healthcare Triangle EBIT?

Healthcare Triangle's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-1.71 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-9.85 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Healthcare Triangle's annualized ROC % for the quarter that ended in Mar. 2024 was -75.38%. Healthcare Triangle's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -17,745.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Healthcare Triangle's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -166.62%.


Healthcare Triangle EBIT Historical Data

The historical data trend for Healthcare Triangle'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.

Healthcare Triangle EBIT Chart

Healthcare Triangle Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
1.67 2.69 -5.36 -9.34 -11.34

Healthcare Triangle Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -3.20 -1.60 -1.52 -5.02 -1.71

Competitive Comparison of Healthcare Triangle's EBIT

For the Health Information Services subindustry, Healthcare Triangle'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.


Healthcare Triangle's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Healthcare Triangle's EV-to-EBIT distribution charts can be found below:

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



Healthcare Triangle 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.85 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.


Healthcare Triangle  (NAS:HCTI) EBIT Explanation

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

Healthcare Triangle's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-6.832 * ( 1 - -0.27% )/( (10.49 + 7.685)/ 2 )
=-6.8504464/9.0875
=-75.38 %

where

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

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

Healthcare Triangle's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-6.832/( ( (0.044 + max(-0.199, 0)) + (0.033 + max(-1.332, 0)) )/ 2 )
=-6.832/( ( 0.044 + 0.033 )/ 2 )
=-6.832/0.0385
=-17,745.45 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.236 + 0 + 1.259) - (1.953 + 0 + 2.741)
=-0.199

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.095 + 0 + 0.773) - (2.013 + 0 + 2.187)
=-1.332

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-9.847/5.910
=-166.62 %

* 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.


Healthcare Triangle EBIT Related Terms

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Healthcare Triangle (Healthcare Triangle) Business Description

Traded in Other Exchanges
N/A
Address
7901 Stoneridge Drive, Suite 220, Pleasanton, CA, USA, 94588
Healthcare Triangle Inc is a healthcare information technology company focused on advancing industry-transforming solutions in the sectors of cloud services, data science, and professional and managed services for the healthcare and life sciences industry. It reinforces healthcare progress through technology and extensive industry know-how. HTI support healthcare providers and payors, hospitals and Pharma Life Sciences organizations in their effort to improve health outcomes by enabling the adoption of new technologies, data enlightenment, business agility and accelerate responding to immediate business needs and competitive threats. It provides services under three operating segments which are Software Services, Managed Services and Support and Platform Services.
Executives
Roy Sookhoo director 7901 STONERIDGE DR., SUITE 220, PLEASANTON CA 94588
Ronald W. Mcclurg director C/O NEUROONE MEDICAL TECHNOLOGIES CORP, 7599 ANAGRAM DR, EDEN PRAIRIE MN 55344
Paige Heaphy director 7901 STONERIDGE DR., SUITE 220, PLEASANTON CA 94588
Mohammad Jainal Bhuiyan director 10605 SW 44TH CT, DAVIE FL 33328
Jeffrey S Mathiesen director 43334 SEVEN MILE RD., SUITE 1000, NORTHVILLE MI 48167
Shibu Kizhakevilayil director 4309 HACIENDA DRIVE, SUITE 150, PLEASANTON CA 94588
April Bjornstad director 7901 STONERIDGE DRIVE, SUITE 220, PLEASANTON CA 94588
Thyagarajan Ramachandran officer: Chief Financial Officer 4309 HACIENDA DR., SUITE 150, PLEASANTON CA 94588
Brendan Gallagher director 4309 HACIENDA DR., SUITE 150, PLEASANTON CA 94588
James Michael Gill officer: Vice President, Finance 4309 HACIENDA DR., SUITE 150, PLEASANTON CA 94588
Mogli Sudish officer: Chief Technology Officer 4309 HACIENDA DRIVE, SUITE 150, PLEASANTON CA 94588
Vivek Prakash director 4309 HACIENDA DRIVE, SUITE 150, PLEASANTON CA 94588
Securekloud Technologies, Inc. 10 percent owner 401 RYLAND ST, STE 200-A, RENO NV 89502
Lakshmanan Kannappan director 4309 HACIENDA DRIVE, SUITE 150, PLEASANTON CA 94588
Anand Kumar officer: Vice President, Sales 4309 HACIENDA DR., SUITE 150, PLEASANTON CA 94588