US Lighting Group (US Lighting Group) EBIT : $-0.94 Mil (TTM As of Dec. 2023)

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What is US Lighting Group EBIT?

US Lighting Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.94 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. US Lighting Group's annualized ROC % for the quarter that ended in Dec. 2023 was -41.80%. US Lighting Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -32.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. US Lighting Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -10.16%.

US Lighting Group EBIT Historical Data

The historical data trend for US Lighting Group'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.

US Lighting Group EBIT Chart

US Lighting Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-8.50

-0.74

-0.57

-8.83

-0.94

US Lighting Group Quarterly Data
	Mar17	Jun17	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															-7.24	-0.15	0.01	-0.59	-0.22

Competitive Comparison of US Lighting Group's EBIT

For the Recreational Vehicles subindustry, US Lighting Group'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.

US Lighting Group's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, US Lighting Group's EV-to-EBIT distribution charts can be found below:

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

US Lighting Group 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 $-0.94 Mil.

US Lighting Group (OTCPK:USLG) EBIT Explanation

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

US Lighting Group'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 )
=	-1.328 * ( 1 - 0% )	/	( (3.211	+	3.143)	/ 2 )
=	-1.328	/	3.177
=	-41.80 %

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	))
=	3.004	-	1.212	-	( 0.004	-	max(0, 1.745	-	0.326	+	0.004	))
=	3.211

	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	))
=	3.07	-	1.44	-	( 0	-	max(0, 1.878	-	0.365	+	0	))
=	3.143

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

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

US Lighting Group'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 )
=	-0.864	/	( ( (2.677 + max(-0.969, 0))	+	(2.705 + max(-1.227, 0)) )	/	2 )
=	-0.864	/	( ( 2.677	+	2.705 )	/	2 )
=	-0.864	/	2.691
=	-32.11 %

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)
=	(0.116	+	0.119	+	0.087)	-	(1.212	+	0.079	+	2.2204460492503E-16)
=	-0.969

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.155	+	0.151	+	0.059)	-	(1.44	+	0.152	+	0)
=	-1.227

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:

US Lighting Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.936	/	9.211
	=	-10.16 %

US Lighting Group EBIT Related Terms

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US Lighting Group (US Lighting Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » US Lighting Group Inc (OTCPK:USLG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1148 East 222nd Street, Euclid, OH, USA, 44117

Website

https://www.uslightinggroup.com

US Lighting Group Inc is a manufacturer of recreational vehicles utilizing the highest quality marine materials to create lighter weight, stronger, and more durable RV travel trailers and campers. It consists of four subsidiaries: Cortes Campers, LLC, a brand of high end molded fiberglass campers, Futuro Houses, LLC, focused on design and sales of molded fiberglass homes, Fusion X Marine, LLC, a high performance boat designer, and MIGMarine Corporation, a composite manufacturing company that produces proprietary molded fiberglass products for other business lines. The company formed Cortes Campers to operate a new brand of inventive travel trailers.

Executives

Michael A Coates	officer: Corporate Controller	1148 EAST 222ND ST., EUCLID OH 44117
Retreage Donald O'connor Jr	officer: CFO	2603 CHALLENGER TECH CT., SUITE 100, ORLANDO FL 32826
Patricia Ann Salaciak	director, officer: Marketing Director	1148 EAST 222ND ST., EUCLID OH 44117
Olga Smirnova	director, officer: Corporate Secretary	1148 EAST 222ND ST., EUCLID OH 44117
Paul Spivak	director, 10 percent owner, officer: CEO	34099 MELINZ PKWY., UNIT E, EASTLAKE OH 44095