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SYM (Symbotic) EBIT : $-117 Mil (TTM As of Sep. 2024)


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What is Symbotic EBIT?

Symbotic's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-117 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Symbotic's annualized ROC % for the quarter that ended in Sep. 2024 was 3.86%. Symbotic's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 48.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Symbotic's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -5.53%.


Symbotic EBIT Historical Data

The historical data trend for Symbotic'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.

Symbotic EBIT Chart

Symbotic Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
EBIT
Get a 7-Day Free Trial -110.38 -122.38 -140.38 -223.23 -116.73

Symbotic Quarterly Data
Sep19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -53.94 -25.10 -64.89 -37.62 10.89

Competitive Comparison of Symbotic's EBIT

For the Specialty Industrial Machinery subindustry, Symbotic'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.


Symbotic's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Symbotic's EV-to-EBIT distribution charts can be found below:

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



Symbotic 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-117 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.


Symbotic  (NAS:SYM) EBIT Explanation

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

Symbotic's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=43.552 * ( 1 - 20.24% )/( (901.766 + 899.329)/ 2 )
=34.7370752/900.5475
=3.86 %

where

Invested Capital(Q: Jun. 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))
=1558.442 - 333.452 - ( 870.469 - max(0, 1048.093 - 1371.317+870.469))
=901.766

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))
=1578.552 - 340.832 - ( 727.31 - max(0, 1017.146 - 1355.537+727.31))
=899.329

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Symbotic's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=43.552/( ( (81.029 + max(-707.933, 0)) + (97.109 + max(-607.152, 0)) )/ 2 )
=43.552/( ( 81.029 + 97.109 )/ 2 )
=43.552/89.069
=48.90 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(100.499 + 132.111 + 107.55) - (333.452 + 714.641 + 2.2737367544323E-13)
=-707.933

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(201.548 + 106.136 + 102.31) - (340.832 + 676.314 + 0)
=-607.152

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-116.725/2110.178
=-5.53 %

* 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.


Symbotic EBIT Related Terms

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Symbotic Business Description

Traded in Other Exchanges
Address
200 Research Drive, Wilmington, MA, USA, 01887
Symbotic Inc is an automation technology company that develops technologies to improve operating efficiencies in modern warehouses. The group develops, commercializes, and deploys innovative, end-to-end technology solutions that dramatically improve supply chain operations. Symbotic also automates the processing of pallets and cases in large warehouses or distribution centers for some of the retail and wholesale companies in the world. The company operates in two geographical regions the United States and Canada. Key revenue is generated from the United States.
Executives
Todd Krasnow director C/O CARBONITE, INC., 177 HUNTINGTON AVENUE, BOSTON MA 02115
Boyd William M Iii officer: Chief Strategy Officer C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887
Merline Saintil director 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Michael David Dunn officer: See Remarks C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887
Rollin L. Ford director 702 S.W. 8TH STREET, MAIL STOP # 0215, BENTONVILLE AR 72716-0215
David A Ladensohn 10 percent owner C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887
Janet L Cohen 10 percent owner C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887
Richard B Cohen director, 10 percent owner, officer: See Remarks C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887
Charles Kane director 289 TURNPIKE RD, WESTBORO MA 01581
Ernst Thomas C Jr officer: Chief Financial Officer 2201 LAKESIDE BLVD., RICHARDSON TX 75082
Sunlight Investment Corp. 10 percent owner 300 EL CAMINO REAL, MENLO PARK CA 94025
Svf Ii Strategic Investments Aiv Llc 10 percent owner 300 EL CAMINO REAL, MENLO PARK CA 94025
Svf Ii Spac Investment 3 (de) Llc 10 percent owner 1 CIRCLE STAR WAY, SAN CARLOS CA 94070
Softbank Group Corp 10 percent owner 1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537
Northstar Gp Sb 10 percent owner 69 GROSVENOR STREET, LONDON X0 W1K 3JP

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