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Metromile (Metromile) EBIT : $-147.1 Mil (TTM As of Mar. 2022)


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What is Metromile EBIT?

Metromile's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2022 was $-34.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2022 was $-147.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Metromile's annualized ROC % for the quarter that ended in Mar. 2022 was -72.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Metromile's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was -86.64%.


Metromile EBIT Historical Data

The historical data trend for Metromile'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.

Metromile EBIT Chart

Metromile Annual Data
Trend Dec20 Dec21
EBIT
-114.11 -200.49

Metromile Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
EBIT Get a 7-Day Free Trial Premium Member Only -87.75 -41.16 -26.76 -44.82 -34.32

Competitive Comparison of Metromile's EBIT

For the Insurance - Property & Casualty subindustry, Metromile'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.


Metromile's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Metromile's EV-to-EBIT distribution charts can be found below:

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



Metromile 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-147.1 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.


Metromile  (NAS:MILE) EBIT Explanation

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

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

ROC % (Q: Mar. 2022 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2021 ) + Invested Capital (Q: Mar. 2022 ))/ count )
=-137.276 * ( 1 - 0% )/( (182.64595 + 194.6815)/ 2 )
=-137.276/188.663725
=-72.76 %

where

Invested Capital(Q: Dec. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=313.415 - 11.582 - ( 120.94 - 5% * 35.059 )
=182.64595

Invested Capital(Q: Mar. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=295.513 - 17.534 - ( 84.339 - 5% * 20.83 )
=194.6815

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

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2022 )
=-147.053/169.725
=-86.64 %

* 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.


Metromile EBIT Related Terms

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Metromile (Metromile) Business Description

Traded in Other Exchanges
N/A
Address
425 Market Street, Suite 700, San Francisco, CA, USA, 94105
Metromile Inc is a digital insurance platform in the United States. It offers real-time, personalized auto insurance policies by the mile. Metromile's digitally native offering is built around the modern driver's needs, featuring automated claims, complimentary smart driving features and annual average savings of 47% over what they were paying their previous auto insurer.
Executives
David A Friedberg director 800 N. LINDBERGH BLVD., ST. LOUIS MO 63167
Sandra Marie Clarke director 53 HIDDEN OAKS DRIVE LAFAYETTE CA 94549
John Miles Butler director 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Regi Vengalil officer: Chief Financial Officer 411 1ST AVENUE SOUTH, SUITE 501, SEATTLE WA 98104
Mark Gundacker officer: Chief People Officer C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Paw Andersen officer: Chief Technology Officer C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Dan Preston director, officer: Chief Executive Officer C/O METROMILE, INC., 425 MARKET STREET, SUITE 700, SAN FRANCISCO CA 94105
Jesse Mckendry officer: VP, Insurance C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Lindsay Alexovich officer: Chief Accounting Officer C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Bryant Colin director 2855 SAND HILL ROAD MENLO PARK CA 94025
Vikas Singhal director 2187 ATLANTIC STREET, FOURTH FLOOR, STAMFORD CT 06902
Ryan Graves director C/O ICONIQ CAPITAL, 15 E. 26TH STREET, SUITE 602, NEW YORK NY 10010
Betsy Z Cohen director
Dioptra Advisors Ii, Llc 10 percent owner 2929 ARCH STREET STE 1703 PHILADELPHIA PA 19104
Insurance Acquisition Sponsor Ii, Llc 10 percent owner 2929 ARCH STREET STE 1703 PHILADELPHIA PA 19104