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Tigo Energy (Tigo Energy) EBIT : $-9.1 Mil (TTM As of Mar. 2024)


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What is Tigo Energy EBIT?

Tigo Energy's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-8.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-9.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tigo Energy's annualized ROC % for the quarter that ended in Mar. 2024 was -47.68%. Tigo Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -61.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tigo Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -10.01%.


Tigo Energy EBIT Historical Data

The historical data trend for Tigo Energy'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.

Tigo Energy EBIT Chart

Tigo Energy Annual Data
Trend Dec21 Dec22 Dec23
EBIT
-2.16 -5.47 7.27

Tigo Energy Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only 7.69 -31.52 42.89 -11.79 -8.68

Competitive Comparison of Tigo Energy's EBIT

For the Solar subindustry, Tigo Energy'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.


Tigo Energy's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Tigo Energy's EV-to-EBIT distribution charts can be found below:

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



Tigo Energy 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.1 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.


Tigo Energy  (NAS:TYGO) EBIT Explanation

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

Tigo Energy's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-36.352 * ( 1 - 0% )/( (75.419 + 77.06)/ 2 )
=-36.352/76.2395
=-47.68 %

where

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

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

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

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-34.72/( ( (5.961 + max(48.272, 0)) + (5.66 + max(53.416, 0)) )/ 2 )
=-34.72/( ( 54.233 + 59.076 )/ 2 )
=-34.72/56.6545
=-61.28 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.862 + 61.401 + 5.236) - (21.147 + 0.335 + 3.745)
=48.272

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.306 + 55.757 + 4.388) - (10.116 + 0.444 + 2.475)
=53.416

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-9.099/90.912
=-10.01 %

* 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.


Tigo Energy EBIT Related Terms

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Tigo Energy (Tigo Energy) Business Description

Traded in Other Exchanges
N/A
Address
655 Campbell Technology Parkway, Suite 150, Campbell, CA, USA, 95008
Tigo Energy Inc designs innovative solar power conversion and storage products that provide customers more choice and flexibility. Its mission is to deliver smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems.
Executives
Zvi Alon director, officer: Chief Executive Officer 10725 NORTH DE ANZA BLVD, CUPERTINO CA 95014
Joan C Conley director 3691 CHEVY CHASE LAKE DRIVE, CHEVY CHASE MD 20815
Energy Growth Momentum Gp Ii Ltd. 10 percent owner, other: See Remarks 1ST & 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY1 1EW
Generation Im Climate Solutions Gp, Ltd. 10 percent owner BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Generation Im Climate Solutions Fund, L.p. 10 percent owner BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Jeffrey Stuart Sullivan officer: Chief Operating Officer 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
John Andrew Wilson director 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Alon Ventures, Llc 10 percent owner 27673 LUPINE RD, LOS ALTOS HILLS CA 94022
Energy Growth Momentum Ii Lp 10 percent owner, other: See Remarks 1ST AND 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY11EW
James Jd Dillon officer: Chief Marketing Officer 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Jing Tian officer: Chief Growth Officer 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Tomer Babai director 655 CAMPBELL TECHNOLOGY PARKWAY, SUITE 150, CAMPBELL CA 95008
Matthew Day officer: Co-Chief Operating Officer 888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660
Andrew Costa officer: Co-Chief Operating Officer 888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660
Chlm Sponsor Llc 10 percent owner 222 SOUTH 9TH STREET SUITE 350, MINNEAPOLIS MN 55402