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Identiv's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-1.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.9 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Identiv's annualized ROC % for the quarter that ended in Dec. 2023 was -7.45%. Identiv's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -10.61%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Identiv's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.47%.
The historical data trend for Identiv'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.
Identiv Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 0.09 | -3.57 | 2.13 | -0.15 | -4.90 |
Identiv Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
EBIT | Get a 7-Day Free Trial | 0.44 | -2.64 | -1.04 | 0.21 | -1.43 |
For the Computer Hardware subindustry, Identiv'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.
For the Hardware industry and Technology sector, Identiv's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Identiv's EV-to-EBIT falls into.
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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.9 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.
Identiv (NAS:INVE) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Identiv's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:
ROC % (Q: Dec. 2023 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2023 ) | + | Invested Capital (Q: Dec. 2023 )) | / count ) |
= | -5.184 * ( 1 - -6.86% ) | / | ( (76.812 | + | 71.967) | / 2 ) |
= | -5.5396224 | / | 74.3895 | |||
= | -7.45 % |
where
Invested Capital | (Q: Sep. 2023 ) | |||||||||||
= | 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 | )) |
= | 111.457 | - | 14.971 | - | ( 19.674 | - | max(0, 31.672 | - | 81.481 | + | 19.674 | )) |
= | 76.812 |
Invested Capital | (Q: Dec. 2023 ) | |||||||||||
= | 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 | )) |
= | 109.723 | - | 14.444 | - | ( 23.312 | - | max(0, 30.782 | - | 79.486 | + | 23.312 | )) |
= | 71.967 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
Identiv's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2023 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2023 | Q: Dec. 2023 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -5.7 | / | ( ( (14.043 + max(41.782, 0)) | + | (14.534 + max(37.055, 0)) ) | / | 2 ) |
= | -5.7 | / | ( ( 55.825 | + | 51.589 ) | / | 2 ) |
= | -5.7 | / | 53.707 | ||||
= | -10.61 % |
where Working Capital is:
Working Capital | (Q: Sep. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (25.892 | + | 29.423 | + | 6.492) | - | (14.971 | + | 2.474 | + | 2.58) |
= | 41.782 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (21.969 | + | 28.712 | + | 5.493) | - | (14.444 | + | 2.341 | + | 2.334) |
= | 37.055 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Identiv's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2023 ) |
= | -4.898 | / | 109.660 | |
= | -4.47 % |
* 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.
Thank you for viewing the detailed overview of Identiv's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven Humphreys | director, officer: CEO | 6623 DUMBARTON CIRCLE, FREMONT CA 94555 |
Richard Kuntz | director | MEDTRONIC, INC., 710 MEDTRONIC PWKY MS LC 310, MINNEAPOLIS MN 55432 |
Laura Angelini | director | C/O IDENTIV, INC.,, 2201 WALNUT AVE., SUITE 100, FREMONT CA 94538 |
Bleichroeder Lp | 10 percent owner | 1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105 |
Justin Scarpulla | officer: Chief Financial Officer | 2051 PALOMAR AIRPORT ROAD, SUITE 100, CARLSBAD CA 92011 |
Gary Kremen | director | 1900-B CARNEGIE AVENUE, SANTA ANA CA 92705 |
James E Ousley | director | BELL MICRO, 1941 RINGWOOD AVE., SAN JOSE CA 95131 |
Edward Kirnbauer | officer: See Remarks | |
Nina B. Shapiro | director | 2201 WALNUT AVENUE, SUITE 100, FREMONT CA 94538 |
Robin R. Braun | director | C/O IDENTIV, INC.,, FREMONT CA 94538 |
First Eagle Investment Management, Llc | 10 percent owner | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Arnhold & S. Bleichroeder Holdings, Inc. | 10 percent owner | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
21 April Fund, Ltd. | 10 percent owner | Citco Fund Services (Cayman Islands) Ltd, Regatta Office Park West Bay Road, GRAND CAYMAN E9 KY1-1205 |
Sandra Wallach | officer: CFO | C/O IDENTIV,INC.,2201 WALNUT AVENUE,, SUITE 310, FREMONT CA 94538 |
Steven T Finney | officer: Interim CFO | 2201 WALNUT AVENUE, SUITE 310, FREMONT CA 94538 |
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