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In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
D-Wave Quantum does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.
The historical rank and industry rank for D-Wave Quantum's Owner Earnings per Share (TTM) or its related term are showing as below:
D-Wave Quantum's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.10. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.62. It's PE Ratio ratio for today is At Loss.
D-Wave Quantum's EPS without NRI for the three months ended in Dec. 2023 was $-0.10. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.63. It's PE Ratio without NRI ratio for today is At Loss.
The historical data trend for D-Wave Quantum's Owner Earnings per Share (TTM) 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.
D-Wave Quantum Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Owner Earnings per Share (TTM) | - | - | - | - |
D-Wave Quantum Quarterly Data | |||||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Owner Earnings per Share (TTM) | Get a 7-Day Free Trial | - | - | - | - | - |
For the Computer Hardware subindustry, D-Wave Quantum's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.
For the Hardware industry and Technology sector, D-Wave Quantum's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where D-Wave Quantum's Price-to-Owner-Earnings falls into.
In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
To make it simple, then you will have:
Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)
D-Wave Quantum does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.
Be Aware
Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.
Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.
Thank you for viewing the detailed overview of D-Wave Quantum's Owner Earnings per Share (TTM) provided by GuruFocus.com. Please click on the following links to see related term pages.
Diane Nguyen | officer: General Counsel | 3033 BETA AVENUE, BURNABY A1 V5G4M9 |
Victoria Brydon | officer: See remarks | 3033 BETA AVENUE, BURNABY A1 V5G 4M9 |
Smalley Philip Adam Iii | director | 3033 BETA AVENUE, BURNABY A1 V5G4M9 |
Ziv Ehrenfeld | director | 3033 BETA AVENUE, BURNABY A1 V5G4M9 |
Steven M West | director | 3033 BETA AVENUE, BURNABY A1 V5G 4M9 |
Goldman Sachs Group Inc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Goldman Sachs & Co. Llc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Stone Street 2014 Holdings, L.p. | 10 percent owner | P.O BOX 309 UGLAND HOUSE, GEORGE TOWN E9 KY1-1104 |
2014 Employee Offshore Aggregator, L.p. | 10 percent owner | P.O BOX 309 UGLAND HOUSE, GEORGE TOWN E9 KY1-1104 |
2014, L.p. Mbd | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282-2198 |
Bridge Street 2014, L.p. | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282-2198 |
Broad Street Principal Investments, L.l.c. | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Roger Biscay | director | 1545 RIVER PARK DRIVE, SUITE 210, SACRAMENTO CA 95815 |
Alan E Baratz | director, officer: President & CEO | 3033 BETA AVENUE, BURNABY A1 V5G 4M9 |
Gelderen Eduard Van | director | 3033 BETA AVENUE, BURNABY A1 V5G 4M9 |
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