WestBond Enterprises (TSXV:WBE) EBIT : C$0.10 Mil (TTM As of Dec. 2023)

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What is WestBond Enterprises EBIT?

WestBond Enterprises's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-0.04 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$0.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. WestBond Enterprises's annualized ROC % for the quarter that ended in Dec. 2023 was -0.99%. WestBond Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. WestBond Enterprises's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.43%.

WestBond Enterprises EBIT Historical Data

The historical data trend for WestBond Enterprises'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.

WestBond Enterprises EBIT Chart

WestBond Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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0.73

1.06

3.85

1.13

0.98

WestBond Enterprises 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															0.03	0.06	-0.06	0.14	-0.04

Competitive Comparison of WestBond Enterprises's EBIT

For the Paper & Paper Products subindustry, WestBond Enterprises'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.

WestBond Enterprises's EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, WestBond Enterprises's EV-to-EBIT distribution charts can be found below:

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

WestBond Enterprises 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 C$0.10 Mil.

WestBond Enterprises (TSXV:WBE) EBIT Explanation

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

WestBond Enterprises'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 )
=	-0.164 * ( 1 - 25.71% )	/	( (12.398	+	12.11)	/ 2 )
=	-0.1218356	/	12.254
=	-0.99 %

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	))
=	13.504	-	1.006	-	( 0.1	-	max(0, 2.056	-	3.803	+	0.1	))
=	12.398

	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	))
=	13.176	-	1.003	-	( 0.063	-	max(0, 1.893	-	3.741	+	0.063	))
=	12.11

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

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

WestBond Enterprises'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 )
=	-0.144	/	( ( (9.647 + max(2.697, 0))	+	(9.377 + max(2.673, 0)) )	/	2 )
=	-0.144	/	( ( 12.344	+	12.05 )	/	2 )
=	-0.144	/	12.197
=	-1.18 %

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)
=	(1.547	+	2.032	+	0.124)	-	(1.006	+	0	+	0)
=	2.697

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.31	+	2.185	+	0.181)	-	(1.003	+	0	+	2.2204460492503E-16)
=	2.673

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	0.103	/	7.223
	=	1.43 %

WestBond Enterprises EBIT Related Terms

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WestBond Enterprises (TSXV:WBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » WestBond Enterprises Corp (TSXV:WBE) » Definitions » EBIT

Traded in Other Exchanges

WBNEF:USA

Address

7403 Progress Way, Unit 101, Delta, BC, CAN, V4G 1E7

Website

https://www.westbond.ca

WestBond Enterprises Corp is mainly engaged in manufacturing and selling disposable paper products for medical, hygienic, and industrial uses. The company operates in a single segment of Disposable Paper Products. Its products are categorized under Personal hygiene, Clinical, Long-term care, Non-clinical air-laid, and Other products. The company's product pipeline includes examination table paper, dental bibs, sheets, pillowcases, gowns, aprons, Jumbo Roll Bathroom Tissue, Conventional Bathroom Tissue, Towels such as Center Pull, Kraft Roll, and Single Fold, Roll Air Laid Wipes, among others.

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