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NovoCure's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was $-13.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was $-120.8 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NovoCure's annualized ROC % for the quarter that ended in Dec. 2024 was -43.24%. NovoCure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -46.57%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. NovoCure's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -6.92%.
The historical data trend for NovoCure'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.
NovoCure Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
EBIT | Get a 7-Day Free Trial |
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35.68 | -48.64 | -78.51 | -188.42 | -120.82 |
NovoCure Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
EBIT | Get a 7-Day Free Trial |
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-7.27 | -41.52 | -33.58 | -32.09 | -13.63 |
For the Medical Devices subindustry, NovoCure'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 Medical Devices & Instruments industry and Healthcare sector, NovoCure's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where NovoCure'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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-120.8 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.
NovoCure (NAS:NVCR) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
NovoCure's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:
ROC % (Q: Dec. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2024 ) | + | Invested Capital (Q: Dec. 2024 )) | / count ) |
= | -253.216 * ( 1 - -19.41% ) | / | ( (684.051 | + | 714.517) | / 2 ) |
= | -302.3652256 | / | 699.284 | |||
= | -43.24 % |
where
Invested Capital | (Q: Sep. 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 | )) |
= | 1221.986 | - | 177.669 | - | ( 959.898 | - | max(0, 735.002 | - | 1095.268 | + | 959.898 | )) |
= | 684.051 |
Invested Capital | (Q: Dec. 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 | )) |
= | 1240.784 | - | 176.068 | - | ( 959.873 | - | max(0, 756.376 | - | 1106.575 | + | 959.873 | )) |
= | 714.517 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
NovoCure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2024 | Q: Dec. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -54.508 | / | ( ( (114.494 + max(-73.48, 0)) | + | (119.591 + max(-71.437, 0)) ) | / | 2 ) |
= | -54.508 | / | ( ( 114.494 | + | 119.591 ) | / | 2 ) |
= | -54.508 | / | 117.0425 | ||||
= | -46.57 % |
where Working Capital is:
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (61.316 | + | 39.096 | + | 3.777) | - | (177.669 | + | 0 | + | 0) |
= | -73.48 |
Working Capital | (Q: Dec. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (74.226 | + | 35.086 | + | 9.5440000000001) | - | (176.068 | + | 14.225 | + | 0) |
= | -71.437 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
NovoCure's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2024 ) |
= | -120.819 | / | 1744.826 | |
= | -6.92 % |
* 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 NovoCure's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Frank X Leonard | officer: President, CNS Cancers US | 20 VALLEY STREAM PARKWAY,, SUITE 300, MALVERN PA 19355 |
Michal Nath Puri | officer: Chief Human Resources Officer | BUSINESS VILLAGE D4, PARK 6/PLATZ10, ROOT V8 6039 |
Ashley Cordova | officer: Chief Financial Officer | 20 VALLEY STREAM PARKWAY,, SUITE 300, MALVERN PA 19355 |
W Anthony Vernon | director | C/O AXOVANT SCIENCES, INC., 320 WEST 37TH STREET, NEW YORK NY 10018 |
Gabriel Leung | director | C/O PERNIX THERAPEUTICS HOLDINGS, INC., 10 NORTH PARK PLACE, SUITE 201, MORRISTOWN NJ 07960 |
Timothy J Scannell | director | 2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002 |
Wilhelmus Cm Groenhuysen | officer: Chief Financial Officer | C/O NAVTEQ CORPORATION, 222 MERCHANDISE MART STE 900, CHICAGO IL 60654 |
Pritesh Shah | officer: Chief Commercial Officer | C/O NOVOCURE INC., 20 VALLEY STREAM PARKWAY, SUITE 300, MALVERN PA 19355 |
Arye Barak Ben | officer: General Counsel | TOPAZ BUILDING, 4TH FLOOR, MATAM CENTER, PO BOX 15022, SH'AR HACARMEL, HAIFA L3 31905 |
Kristin Stafford | director | 1550 LIBERTY RIDGE DRIVE, SUITE 115, WAYNE PA 19087 |
William Patrick Burke | officer: Chief Human Resources Officer | 195 COMMERCE WAY, PORTSMOUTH NH 03801 |
Uri Weinberg | officer: Chief Innovation Officer | NOVOCURE INC., 20 VALLEY STREAM PARKWAY, SUITE 300, MALVERN PA 19355 |
Allyson J Ocean | director | 1550 LIBERTY RIDGE DRIVE, SUITE 115, WAYNE PA 19087 |
Asaf Danziger | director, officer: Chief Executive Officer | 5 NACHUM CHAT ST., TIRAT HACARMEL L3 5112302 |
Ely Benaim | officer: Chief Medical Officer | C/O REXAHN PHARMACEUTICALS, INC., 15245 SHADY GROVE ROAD, SUITE 455, ROCKVILLE MD 20850 |
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