HyreCar (HyreCar) EBIT : $-20.39 Mil (TTM As of Sep. 2022)

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What is HyreCar EBIT?

HyreCar's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-5.39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-20.39 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HyreCar's annualized ROC % for the quarter that ended in Sep. 2022 was -353.28%. HyreCar's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -2,490.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HyreCar's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 261.93%.

HyreCar EBIT Historical Data

The historical data trend for HyreCar'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.

HyreCar EBIT Chart

HyreCar Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

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-4.07

-9.20

-12.52

-15.25

-27.98

HyreCar Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial															-6.15	-5.30	-5.33	-4.38	-5.39

Competitive Comparison of HyreCar's EBIT

For the Rental & Leasing Services subindustry, HyreCar'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.

HyreCar's EV-to-EBIT Distribution in the Business Services Industry

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

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

HyreCar 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-20.39 Mil.

HyreCar (OTCPK:HYREQ) EBIT Explanation

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

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

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	-21.596 * ( 1 - 0% )	/	( (3.984	+	8.242)	/ 2 )
=	-21.596	/	6.113
=	-353.28 %

where

	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	))
=	9.098	-	7.886	-	( 3.574	-	max(0, 10.455	-	7.683	+	3.574	))
=	3.984

	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	))
=	17.555	-	10.526	-	( 9.109	-	max(0, 14.855	-	13.642	+	9.109	))
=	8.242

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

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-21.556	/	( ( (0.868 + max(-6.1, 0))	+	(0.863 + max(-9.571, 0)) )	/	2 )
=	-21.556	/	( ( 0.868	+	0.863 )	/	2 )
=	-21.556	/	0.8655
=	-2,490.58 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.419	+	0	+	3.69)	-	(7.886	+	0.052	+	2.271)
=	-6.1

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.172	+	0	+	4.361)	-	(10.526	+	0.051	+	3.527)
=	-9.571

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-20.389	/	-7.784
	=	261.93 %

HyreCar EBIT Related Terms

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HyreCar (HyreCar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HyreCar Inc (OTCPK:HYREQ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

915 Wilshire Boulevard, Suite 1950, Los Angeles, CA, USA, 90017

Website

https://www.hyrecar.com

HyreCar Inc is a peer-to-peer car-sharing marketplace that allows car owners to rent their idle cars to ride-sharing service drivers. The company generates its revenue in the form of transaction fees, insurance fee, and from other sources such as referrals, motor vehicle record fees, late rental fees, and other fees charged to drivers in specific situations. It operates in a single segment, which is Rental.

Executives

Vazquez Eduardo Iniguez	officer: Interim CFO	C/O HYRECAR INC. 915 WILSHIRE BLVD., SUITE 1950, LOS ANGELES CA 90017
Brian Allan	officer: President	355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Bock Serge De	officer: Chief Financial Officer	355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Arctis Global Llc	10 percent owner	AM TOWERS, 207 CALLE DEL PARQUE, 7TH FLOOR, SAN JUAN PR 00912-3242
Greg Tatem	officer: Chief Technology Officer	915 WILSHIRE BLVD., SUITE 1950, LOS ANGELES CA 90017
Jayaprakash Vijayan	director	25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061
Joseph Furnari	director, officer: CEO and CFO	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Michael Furnari	officer: CBD Officer	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Grace Wang	director	355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Robert Scott Brogi	officer: Chief Financial Officer	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Henry Park	officer: Chief Operating Officer	C/O HYRECAR INC., 355 SOUTH GRAND STREET, SUITE 1650, LOS ANGELES CA 90071
Michael Root	director	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Ken Grimes	officer: Chief Technology Officer	355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Anshu Bansal	director, 10 percent owner	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Brooke Skinner-ricketts	director	C/O HYRECAR, INC., 355 SOUTH GRAND AVE, SUITE 1650, LOS ANGELES CA 90071