Ascend Wellness Holdings (XCNQ:AAWH.U) EBIT : $22.2 Mil (TTM As of Dec. 2023)

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What is Ascend Wellness Holdings EBIT?

Ascend Wellness Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $1.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $22.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ascend Wellness Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 0.79%. Ascend Wellness Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ascend Wellness Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.91%.

Ascend Wellness Holdings EBIT Historical Data

The historical data trend for Ascend Wellness Holdings'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.

Ascend Wellness Holdings EBIT Chart

Ascend Wellness Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-26.10

7.85

-23.59

-8.95

22.22

Ascend Wellness Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial												5.61	0.52	16.06	4.45	1.20

Competitive Comparison of Ascend Wellness Holdings's EBIT

For the Drug Manufacturers - Specialty & Generic subindustry, Ascend Wellness Holdings'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.

Ascend Wellness Holdings's EV-to-EBIT Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ascend Wellness Holdings's EV-to-EBIT distribution charts can be found below:

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

Ascend Wellness Holdings 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 $22.2 Mil.

Ascend Wellness Holdings (XCNQ:AAWH.U) EBIT Explanation

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

Ascend Wellness Holdings'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 )
=	2.256 * ( 1 - -162.49% )	/	( (729.548	+	775.93)	/ 2 )
=	5.9217744	/	752.739
=	0.79 %

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	))
=	907.987	-	114.518	-	( 63.921	-	max(0, 129.755	-	211.325	+	63.921	))
=	729.548

	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	))
=	919.55	-	71.112	-	( 72.508	-	max(0, 92.686	-	228.86	+	72.508	))
=	775.93

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

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

Ascend Wellness Holdings'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 )
=	4.784	/	( ( (402.035 + max(1.927, 0))	+	(398.638 + max(56.056, 0)) )	/	2 )
=	4.784	/	( ( 403.962	+	454.694 )	/	2 )
=	4.784	/	429.328
=	1.11 %

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)
=	(25.379	+	89.092	+	8.302)	-	(114.518	+	0	+	6.328)
=	1.927

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(28.298	+	95.294	+	10.342)	-	(71.112	+	0	+	6.766)
=	56.056

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:

Ascend Wellness Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	22.224	/	764.903
	=	2.91 %

Ascend Wellness Holdings EBIT Related Terms

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Ascend Wellness Holdings (XCNQ:AAWH.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ascend Wellness Holdings Inc (XCNQ:AAWH.U) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

AAWH:USA

Address

1411 Broadway, 16th Floor, New York, NY, USA, 10018

Website

https://www.awholdings.com

Ascend Wellness Holdings Inc is a vertically integrated multi-state operator focused on adult-use or near-term adult-use cannabis states in limited license markets. The company's core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which it sells through company-owned retail stores and third-party licensed cannabis retail stores. It generates maximum revenue from the retail product segment.

Ascend Wellness Holdings (XCNQ:AAWH.U) Headlines

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