Modular Medical (Modular Medical) EBIT : $-16.78 Mil (TTM As of Dec. 2023)

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What is Modular Medical EBIT?

Modular Medical's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-5.27 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-16.78 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Modular Medical's annualized ROC % for the quarter that ended in Dec. 2023 was -516.25%. Modular Medical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -565.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Modular Medical's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -34.16%.

Modular Medical EBIT Historical Data

The historical data trend for Modular Medical'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.

Modular Medical EBIT Chart

Modular Medical Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-2.58

-5.32

-7.34

-15.88

-13.88

Modular Medical 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															-3.36	-3.57	-3.75	-4.19	-5.27

Competitive Comparison of Modular Medical's EBIT

For the Medical Devices subindustry, Modular Medical'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.

Modular Medical's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Modular Medical's EV-to-EBIT distribution charts can be found below:

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

Modular Medical 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16.78 Mil.

Modular Medical (NAS:MODD) EBIT Explanation

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

Modular Medical'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 )
=	-21.076 * ( 1 - 0% )	/	( (3.946	+	4.219)	/ 2 )
=	-21.076	/	4.0825
=	-516.25 %

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	))
=	10.059	-	0.762	-	( 6.33	-	max(0, 1.112	-	6.463	+	6.33	))
=	3.946

	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	))
=	6.199	-	1.077	-	( 2.047	-	max(0, 1.439	-	2.342	+	2.047	))
=	4.219

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Modular Medical'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 )
=	-21.076	/	( ( (3.596 + max(-0.629, 0))	+	(3.857 + max(-0.782, 0)) )	/	2 )
=	-21.076	/	( ( 3.596	+	3.857 )	/	2 )
=	-21.076	/	3.7265
=	-565.57 %

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)
=	(0	+	0	+	0.133)	-	(0.762	+	0	+	0)
=	-0.629

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.295)	-	(1.077	+	0	+	0)
=	-0.782

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-16.781	/	49.124
	=	-34.16 %

Modular Medical EBIT Related Terms

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Modular Medical (Modular Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Modular Medical Inc (NAS:MODD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

10470 Thornmint Road, San Diego, CA, USA, 92127

Website

https://www.modular-medical.com

Modular Medical Inc is a development stage medical device company which focuses on the design, development, and commercialization of an insulin pump using modernized technology to increase pump adoption in the diabetes marketplace. The company's product's seeks to serve both the type 1 and the rapidly growing especially in terms of device adoption, type 2 diabetes markets.

Executives

Philip Brent Sheibley	director	C/O MODULAR MEDICAL, INC., 16772 W. BERNARDO DRIVE, SAN DIEGO CA 92127
Manchester Management Co Llc	10 percent owner	3 WEST HILL PLACE, BOSTON MA 02110
Jeb Partners, L.p.	other: Director by Deputization	MANCHESTER MANAGEMENT COMPANY, L.L.C, 3 WEST HILL PLACE, BOSTON MA 02114
Kevin Schmid	officer: Chief Operating Officer	8 EAGLES NEST LANE, BEDFORD MA 01921
Paul Diperna	director, 10 percent owner, officer: See Remarks	16772 W BERNARDO DRIVE, RANCHO BERNARDO CA 92127
Carmen B Volkart	director	C/O MODULAR MEDICAL, INC., 16772 WEST BERNARDO DRIVE, SAN DIEGO CA 92127
Duane M Desisto	director	INSULET CORPORATION, 9 OAK PARK DRIVE, BEDFORD MA 01730
Ellen O'connor Vos	director	C/O NTELOS HOLDINGS CORP., 1154 SHENANDOAH VILLAGE DRIVE, WAYNESBORO VA 22980
Steven G Felsher	director	C/O SITO MOBILE, LTD.,, 100 TOWN SQUARE PLACE, STE 204, JERSEY CITY NJ 07310
Morgan C. Frank	10 percent owner	2 CALLE NAIRN, UNIT 701, SAN JUAN PR 00907
Paul Diperna Irrevocable Trust	other: See Footnote(1)	16772 WEST BERNARDO DRIVE, SAN DIEGO CA 92127
Stephen Edward Daly	officer: Chief Commercial Officer	2090 DIPINTO ROAD, HENDERSON NV 89052
William J Febbo	director	600 CALIFORNIA ST., 9TH FLOOR, SAN FRANCISCO CA 94108
Liam Burns	director	C/O MODULAR MEDICAL, INC., 800 W. VALLEY PARKWAY, SUITE 203, ESCONDIDO CA 92025
James E Besser	10 percent owner	3 WEST HILL PLACE, BOSTON MA 02114