Medical Marijuana (Medical Marijuana) EBIT : $-135.18 Mil (TTM As of Dec. 2017)

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What is Medical Marijuana EBIT?

Medical Marijuana's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2017 was $-135.18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2017 was $-135.18 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Medical Marijuana's annualized ROC % for the quarter that ended in Dec. 2017 was -1.43%. Medical Marijuana's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 was -3,620.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Medical Marijuana's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2017 was -1,054.94%.

Medical Marijuana EBIT Historical Data

The historical data trend for Medical Marijuana'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.

Medical Marijuana EBIT Chart

Medical Marijuana Annual Data

Trend

Dec09

Dec10

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

EBIT

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-1.00

-3.54

-100.19

-15.24

-135.18

Medical Marijuana Semi-Annual Data
	Dec09	Dec10	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
EBIT	Get a 7-Day Free Trial			-1.00	-3.54	-100.19	-15.24	-135.18

Competitive Comparison of Medical Marijuana's EBIT

For the Drug Manufacturers - Specialty & Generic subindustry, Medical Marijuana'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.

Medical Marijuana's EV-to-EBIT Distribution in the Drug Manufacturers Industry

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

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

Medical Marijuana 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2017 was $-135.18 Mil.

Medical Marijuana (OTCPK:MJNA) EBIT Explanation

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

Medical Marijuana's annualized ROC % for the quarter that ended in Dec. 2017 is calculated as:

	ROC % (Q: Dec. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2016 )	+	Invested Capital (Q: Dec. 2017 ))	/ count )
=	-4.736 * ( 1 - 0% )	/	( (391.422	+	271.835)	/ 2 )
=	-4.736	/	331.6285
=	-1.43 %

where

	Invested Capital		(Q: Dec. 2016 )
=	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	))
=	393.553	-	1.021	-	( 1.11	-	max(0, 2.193	-	6.702	+	1.11	))
=	391.422

	Invested Capital		(Q: Dec. 2017 )
=	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	))
=	274.838	-	0.709	-	( 2.294	-	max(0, 2.119	-	13.413	+	2.294	))
=	271.835

Note: The Operating Income data used here is one times the annual (Dec. 2017) data.

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

Medical Marijuana's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2016		Q: Dec. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-135.18	/	( ( (0.925 + max(2.844, 0))	+	(0.398 + max(3.3, 0)) )	/	2 )
=	-135.18	/	( ( 3.769	+	3.698 )	/	2 )
=	-135.18	/	3.7335
=	-3,620.73 %

where Working Capital is:

	Working Capital		(Q: Dec. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.198	+	3.411	+	0.256)	-	(1.021	+	0	+	4.4408920985006E-16)
=	2.844

	Working Capital		(Q: Dec. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.106	+	3.856	+	0.047000000000001)	-	(0.709	+	0	+	4.4408920985006E-16)
=	3.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2017) EBIT data.

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

Medical Marijuana's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2017 )
	=	-135.18	/	12.814
	=	-1,054.94 %

Medical Marijuana EBIT Related Terms

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Medical Marijuana (Medical Marijuana) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Medical Marijuana Inc (OTCPK:MJNA) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

2384 La Mirada Drive, Vista, CA, USA, 92081

Website

https://www.medicalmarijuanainc.com

Medical Marijuana Inc is engaged in the development, sale, and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol and other products containing CBD-rich hemp oil. The company's products are used by pharmaceutical, nutraceutical, and cosmeceutical industries. Some of its products are CBD Capsules, CBD Tinctures, Vaporizers, and Hemp foods among others.