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Resonate Blends's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-3.52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-3.97 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Resonate Blends's annualized ROC % for the quarter that ended in Mar. 2024 was -28.28%. Resonate Blends's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -7,984.14%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Resonate Blends's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -33.46%.
The historical data trend for Resonate Blends'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.
Resonate Blends Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | -3.31 | -1.85 | -4.73 | 0.80 | -0.78 |
Resonate Blends Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
EBIT | Get a 7-Day Free Trial | -0.34 | -0.30 | -0.07 | -0.08 | -3.52 |
For the Drug Manufacturers - Specialty & Generic subindustry, Resonate Blends'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 Drug Manufacturers industry and Healthcare sector, Resonate Blends's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Resonate Blends'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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.97 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.
Resonate Blends (OTCPK:KOAN) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Resonate Blends'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 ) |
= | -1.668 * ( 1 - 0% ) | / | ( (2.628 | + | 9.168) | / 2 ) |
= | -1.668 | / | 5.898 | |||
= | -28.28 % |
where
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 | )) |
= | 0.992 | - | 0.515 | - | ( 0.007 | - | max(0, 3.128 | - | 0.977 | + | 0.007 | )) |
= | 2.628 |
Invested Capital | (Q: Mar. 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 | )) |
= | 5.935 | - | 1.751 | - | ( 0.047 | - | max(0, 6.001 | - | 1.017 | + | 0.047 | )) |
= | 9.168 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Resonate Blends'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 ) |
= | -14.092 | / | ( ( (0.015 + max(0.288, 0)) | + | (0.05 + max(-0.781, 0)) ) | / | 2 ) |
= | -14.092 | / | ( ( 0.303 | + | 0.05 ) | / | 2 ) |
= | -14.092 | / | 0.1765 | ||||
= | -7,984.14 % |
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) |
= | (0 | + | 0 | + | 0.97) | - | (0.515 | + | 0 | + | 0.167) |
= | 0.288 |
Working Capital | (Q: Mar. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0 | + | 0.97) | - | (1.751 | + | 0 | + | 8.8817841970013E-16) |
= | -0.781 |
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:
Resonate Blends's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2024 ) |
= | -3.968 | / | 11.860 | |
= | -33.46 % |
* 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 Resonate Blends's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard Hoge | 10 percent owner | C/O JIM KEARNEY, 760 SW 9TH AVE. STE 3000, PORTLAND OR 97205 |
Pamela Kerwin | officer: Chief Operating Officer | 26565 AGOURA ROAD, SUITE 200, CALABASAS CA 91302 |
Geoffrey Selzer | director, officer: Chief Executive Officer | 26565 AGOURA ROAD, SUITE 200, CALABASAS CA 91302 |
David Thomas Thielen | 10 percent owner, officer: COO | 1940 CONTRA COSTA BLVD., PLEASANT HILL CA 94523 |
Nick Allen Miniello | 10 percent owner, officer: VP of Sales | 1940 CONTRA COSTA BLVD., PLEASANT HILL CA 94523 |
Wais Asefi | director, 10 percent owner, officer: CEO | 1940 CONTRA COSTA BLVD., PLEASANT HILL CA 94523 |
Sterling John M Iii | director | |
Gregory Oliver Sargent | 10 percent owner | 1609 FAIRFIELD BEACH ROAD, FAIRFIELD CT 06824 |
Steven Richard Deerwester | officer: Vice President | 3125 DARTMOUTH PLACE, CUMMING GA 30041 |
David G Kane | other: Controller | 50 JOE LEE DRIVE, SHARPSBURG GA 30277 |
I Sigmund Mosley | director | 945 E PACES FERRY RD, SUITE 2450, ATLANTA GA 30326 |
Vincent J Dooley | director | 2859 PACES FERRY ROAD, SUITE 1000, ATLANTA GA 30339 |
Spencer John N Jr | director | 2859 PACES FERRY RD, STE 1000, ATLANTA GA 30339 |
Marsha K Calfee | officer: VP of Product Development | |
Jeffrey Longoria | officer: VP of Sales |
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