New Relic (New Relic) EBIT : $-120.3 Mil (TTM As of Sep. 2023)

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What is New Relic EBIT?

New Relic's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-16.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-120.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. New Relic's annualized ROC % for the quarter that ended in Sep. 2023 was -12.59%. New Relic's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -104.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. New Relic's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -2.08%.

New Relic EBIT Historical Data

The historical data trend for New Relic'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.

New Relic EBIT Chart

New Relic Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-21.38

-67.07

-165.43

-226.86

-170.99

New Relic Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-42.66	-24.21	-49.37	-30.06	-16.66

Competitive Comparison of New Relic's EBIT

For the Software - Application subindustry, New Relic'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.

New Relic's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, New Relic's EV-to-EBIT distribution charts can be found below:

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

New Relic 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-120.3 Mil.

New Relic (NYSE:NEWR) EBIT Explanation

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

New Relic's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-81.916 * ( 1 - -0.46% )	/	( (668.594	+	638.733)	/ 2 )
=	-82.2928136	/	653.6635
=	-12.59 %

where

	Invested Capital		(Q: Jun. 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	))
=	891.284	-	39.356	-	( 456.984	-	max(0, 438.533	-	621.867	+	456.984	))
=	668.594

	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	))
=	895.01	-	28.277	-	( 436.572	-	max(0, 394.754	-	622.754	+	436.572	))
=	638.733

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

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

New Relic's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-66.632	/	( ( (64.782 + max(-264.658, 0))	+	(62.154 + max(-199.377, 0)) )	/	2 )
=	-66.632	/	( ( 64.782	+	62.154 )	/	2 )
=	-66.632	/	63.468
=	-104.99 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(132.002	+	0	+	32.881)	-	(39.356	+	313.139	+	77.046)
=	-264.658

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(150.271	+	0	+	35.911)	-	(28.277	+	278.628	+	78.654)
=	-199.377

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-120.302	/	5784.504
	=	-2.08 %

New Relic EBIT Related Terms

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New Relic (New Relic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » New Relic Inc (NYSE:NEWR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 Spear Street, Suite 1000, San Francisco, CA, USA, 94105

Website

https://www.newrelic.com

New Relic Inc is a provider of software analytics solutions for organizations to collect, store, and analyze massive amounts of software data in real-time. The firm's flagship New Relic Software Analytics Cloud is made up of a suite of products, a Big Data database, and an open platform. Its solutions include diagnostics, reporting and alerting, transaction monitoring, and performance monitoring capabilities. The firm generates revenue from subscription-based arrangements for software offerings, typically for a year. A majority of the firm's revenue is generated in the United States, and the rest from Europe, the Middle East, and Africa; the Asia-Pacific; and other regions.

Executives

Thomas J. Lloyd	officer: Chief Legal Officer, Corp Secy	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Mark Dodds	officer: Chief Revenue Officer	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
William Staples	officer: Chief People Officer	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
David Barter	officer: Chief Financial Officer	C/O MODEL N, INC., 1600 SEAPORT BLVD., SUITE 400, REDWOOD CITY CA 94063
Lewis Cirne	director, officer: CEO	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
Kristy Friedrichs	officer: Chief Operating Officer	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Jana Partners Llc	director, other: See Remarks	767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153
Radhakrishnan Mahendran	director	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Mark Sachleben	officer: Chief Financial Officer	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
Steve Hurn	officer: EVP, Worldwide Sales	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Susan Donner Arthur	director	11000 OPTUM CIRCLE, EDEN PRAIRIE MN 55344
Kevin G. Galligan	director	C/O JANA PARTNERS LLC, 767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153
Phalachandra Bhat	director	C/O NEW RELIC, INC., 388 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Takeshi Numoto	director	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1000, SAN FRANCISCO CA 94105
David J Henshall	director	18880 HOMESTEAD ROAD, CUPERTINO CA 95014